Equity Crowdfunding Doesn’t Sleep

Remember the movie Wall Street?

It’s that 126 minute long (fictional/realistic) summary of what’s completely wrong with the finance industry. There’s this particularly famous quote by the main character Gordon Gekko:

“Money never sleeps, pal!”

I’ve heard this quote recycled by Investment Bankers and Fund Managers in relation to their occupation and to capital raising. I get it: you go hard or go home.

The irony is they’re pretty wrong. They sleep, eat, socialise, and (hopefully) exercise. Their work – unless seamlessly and continuously transferred from New York to Singapore to London – pauses with life outside the suit and glass skyscraper.

Equity Crowdfunding actually doesn’t sleep.

When we take breaks to live life our technology and platform keeps turning over: pages load, videos stream, offer documents are read and money is invested. At all hours. On all days.

PledgeMe is now ten successful campaigns deep since Nov 2014. When our second capital raise closes at 10PM 24 July we will have raised somewhere between $2.8 and $3.2 million dollars for Kiwi companies.

Ten successes later here is when pledgers utilise our our platform to invest**

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Notes:

  • All 24 hours have seen investors pledge on our platform
  • 45% of investors pledge between 6pm-midnight
  • 47% of investors pledge during ‘regular’ hours (9am-5:59pm)

Financial Technology has made Gordon Gekko’s mantra a reality in the investment context and PledgeMe is here to use this power for good not evil, pal.

———————–

** Yeastie Boys aren’t included because they’re awesome and raised a world record half a million dollars in half an hour; therefore would have messed the data up (yes Yeasties’ you are the exception & not the norm)
** PledgeMe 2 – our second equity raise isn’t included because it hadn’t closed at the time of this post.

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