|By Business Wire||
|February 17, 2014 11:06 AM EST||
|Historically, the ability to raise capital through public stock sales was limited to larger businesses, which often made it very difficult for smaller competitors to compete. In addition, the ability to get in on the ground floor of a huge success, such as Facebook or Groupon, was limited to insiders and large investors. The passage of the Federal JOBS Act and state laws is changing all of that. Crowdfunding is emerging as a significant opportunity for start-up companies that allow individuals to invest small amounts of money as part of a larger effort to start or grow a business. Online crowdfunding sites have further simplified this process, however once funds are collected, it is up to the organization in question to acquire the talent and resources necessary to bring their idea to life.|
Paul Doyle, founder and chief executive officer of VerifyValid, an innovative provider of electronic check payments for financial institutions, organizations and their customers, is a true start-up success story. However, his journey from a unique idea for check payments to a growing payments provider took a different route than most. Startup Weekend brings together entrepreneurs and business professionals to plan a successful business in a span of just 54 hours. Entrepreneurs are given 60 seconds to pitch their ideas before the audience votes on the most promising presentations and begins forming teams to develop the product or service. Prior to attending Startup Weekend, Doyle had no team and no physical product to bring to market, however over a three day period, VerifyValid was born and has been growing ever since.
|Paul Doyle and Thomas Coke, former securities regulator and current business development specialist for VerifyValid, are available to provide their expert insight on mastering the art of crowdfunding and the steps necessary to turn an interesting idea into a truly successful product or service.|
|To provide further insight into the value of crowdfunding and Startup Weekend, VerifyValid has produced an expert panel recording following Grand Rapids, Mich.’s Startup Weekend earlier this month.|
To listen to VerifyValid’s expert panel discussion, please visit: http://www.youtube.com/watch?v=X6tzYOHYI4Y&feature=youtu.be
|To schedule an interview with VerifyValid, please contact:|
|David Jones, 678.781.7238 or Stephen Sprayberry, 678.781.7207.|
About VerifyValid, LLC
VerifyValid™ is giving the paper check, the world’s most-used payment transaction, an online makeover for the 21st century. Using an unprecedented secure platform and patented fraud prevention, VerifyValid can lower an organization’s costs while increasing efficiency, sustainability and financial security with every payment. For more information, visit www.verifyvalid.com.
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