Springboard is a highly-vetted expert network of innovators, investors and influencers who are dedicated to building high-growth, technology-oriented companies led by women. Since 2000, 537 women entrepreneurs leading enterprise software, digital media, life science, and other technology-facing companies have participated in the Springboard Accelerators and have raised $6.2 billion in financing, have created tens of thousands of new jobs, and generate billions of dollars in annual revenues.
Today we speak with Luan Cox, founder and CEO of Crowdnetic, a leading provider of funding portal platform technology and market data solutions for the private equity and crowdfunded securities industry. Crowdnetic operates the industry’s premier centralized hub for real-time market data aggregated from platforms across the globe.
Tell us about your product.
Crowdnetic provides data infrastructure for the global crowdfinance industry. We are the leading provider of global market data solutions and portal technology to the crowdfunded securities and peer-to-peer lending industries. We operate the industry’s premier centralized hub for real-time market data aggregated from leading P2P and securities-based crowdfunding platforms across the globe. Crowdnetic also owns NowStreet Wire, the preeminent resource for education and insight into the burgeoning industry of global crowdfinance.
How is it different?
Crowdnetic is the ONLY market data provider that offers investors the ability to track and monitor a comprehensive listing of private offerings from some of the world’s leading crowdfinance platforms.
What made you choose Springboard and how did it help you to accelerator your company?
We were referred to Springboard by one of our trusted colleagues and were very impressed with the expertise of the Springboard founders and the mentors, as well as with the caliber of companies that previously went through the accelerator program. Through Springboard, we were able to obtain advice and guidance from some the nation’s most accomplished female executives. Additionally, because Springboard gave us a stage on which to present our business, our company is now on the radar screens of some of the country’s most recognized venture capitalists.
What market are you attacking and how big is it?
The global crowdfinance is expanding rapidly. The domestic p2p lending market grew from 0 to $3B in a few short years. Globally, the market is close to $6B. Private equity offerings far outweigh public equity offerings, and at approximately a trillion dollars, Reg D, is now the dominant offering method in terms of aggregate amount of capital raised. The potential number of securities is greater than 100,000, there are over 2,000 PIPR (Private Issuers Publicly Raising) offerings available today. Our total market opportunity exceeds $25 B.
What is the business model?
We generate revenue through:
- Data Licenses (raw feeds, indices, modules)
- Issuer and Portal Listing Fees
- Subscription Fees for CrowdWatch®
- Funding Portal Technology Licenses
What are the milestones that you plan to achieve within 6 months?
We pride ourselves on continuing to not just meet, but to exceed our milestones. Last month we launched our private offerings content suite on Dow Jones’ MarketWatch, enabling us to reach millions of investors across the globe. Over the next 6 months, we intend to launch our market data feed on some the world’s most recognized financial media portals. We will also be expanding our intermediary partnerships with the industry’s leading p2p lending and crowdfunding portals. We have also recently launched, CrowdWatch, our premium subscription product that provides investors with advanced screening capabilities, offering details, watch list tracking and real-time alerts.
If you could be put in touch with one investor in the New York community who would it be and why?
It would be an honor to meet Mary Meeker, Partner at Kleiner Perkins Caufield & Byers. Mary Meeker is one of the most recognized Internet analysts in the world with a track record of spotting market trends based and industries being dislocated from new communications mediums such as Internet and mobile. As this surge of financial innovation, guided by these shifting trends in communications and a changing regulatory landscape, now sweeps across Wall Street and accelerates the growth of crowdfinance, there is no one more capable of grasping the full Crowdnetic opportunity than Mary Meeker.
Why are you launching in New York?
As the financial capital of the world and technology leader, NYC is the most optimal location to be headquartered.