2015 is in the books. It was quite the year.
In October, we officially launched. Our first project broke ground, is on pace to be completed this month– and is already over 50% funded!
The press took notice. Better Cities and Towns published a detailed look at how Small Change sits at the intersection of urbanism and crowdfunding. Next City wrote about Small Change as a model for equitable real estate crowdfunding. Our founder Eve Picker published an op-ed on how the world of equity crowdfunding got really big really fast. And there’s more to read too.
Big changes happened in the industry, especially the SEC’s approval of Title III – aka Regulation Crowdfunding – of the 2012 JOBS Act. Crowdfunding attorney Mark Roderick describes Title III as “like nothing seen before in the U.S. securities industry.” As he sees it, it’s part of a larger “transformation and democratization of the U.S. capital formation industry.”
To keep pace of all these changes in the industry, we’ve teamed up with Chicago-based American Homeowner Preservation to bring RealCap to Pittsburgh. RealCap is a national conference that’s been educating leaders and newcomers, developers and investors alike on the expanding industry of real estate crowdfunding. It’s a one-day forum providing intensive and interactive workshops built around networking and learning. And it will happen in Pittsburgh on March 24, 2016. Join us.
You can see that 2015 was a busy year of Not So Small Change. We can’t wait for what comes next.