In the Daily Reflector’s article, Power of the crowd: A new way for businesses to raise money, Partner Benji Jones described the differences between investment crowdfunding and traditional crowdfunding in regards to the North Carolina crowdfunding law recently passed this summer. NC PACES is in the midst of structuring its regulations and allows North Carolina companies to raise up to $2 million per year from investors that are residents within the state.
She participated in a panel discussion at East Carolina University on the advantages and disadvantages of crowdfunding for businesses.
“It’s not different from the successful Kickstart campaigns. It’s just a different path and a different way of raising the money,” said Benji when describing investment crowdfunding, or crowdfunding for business.
Benji’s practice focuses on providing advice to public and private companies on a broad spectrum of legal issues affecting businesses, including public equity and debt offerings, domestic private placements, crowdfunding, and other non-traditional private offerings and repurchase programs.
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The Daily Reflector has been a vital part of the life of Greenville, Pitt County, and eastern North Carolina for more than a century. The company was founded in 1882 by David Jordan Whichard and Julian R. Whichard , who bought the printing equipment from the proprietor of The Express, for whom they once worked. Moving the equipment into their mother's one-room schoolhouse, the brothers began their own weekly newspaper, The Eastern Reflector. In 1885 David Jordan Whichard became sole owner and publisher of The Reflector, beginning daily publication December 10, 1884.