This post was originally produced for Forbes.
New equity crowdfunding entrant Fundopolis launched today, highlighting the challenges for late entrants.
Fundopolis launched this morning with two campaigns on the portal, Apotheka Systems, which with just a few hours of history has not yet raised any money toward its $1,070,000 goal , and Bee Mortgage App, which has raised $100.
The Securities and Exchange Commission delegates responsibility for regulating financial intermediaries to FINRA, which regulates portals under the SEC’s Regulation Crowdfunding, commonly referred to as Reg CF, using what could be described as a light version of the regulation governing broker-dealers. It presently lists 47 approved portals, including Fundopolis. Broker-dealers can also be authorized under their FINRA registrations to operate portals but are not listed with the Reg CF portals.
Michael Mook, Fundopolis CREDIT: FUNDOPOLIS
Fundopolis is led by CEO Michael Mook. In an email exchange, I asked him some ques…