GoCoin’s convertible note campaign on Crowfunder was ranked among the platform’s ten most successful in 2014. A total of 62 deals are currently listed on the platform.
Despite bitcoin’s price decline this year, Crowdfunder still sees its technology as a hot sector for venture activity. Crowdfunder described:
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“…as a startup in the red-hot Bitcoin space, GoCoin allows merchants (small businesses) to accept payments via Bitcoin, and recently kicked off a successful $1.2 million funding round on the heels of their announcement that they had been chosen as a select Paypal payment partner.”
The update also sought to debunk myths about equity crowdfunding. It pointed out that many thought the new trend will snuff out venture capital firms and angel investors which has not been the case. There were also concerns about fraud:
“Critics warned that lifting restrictions on advertising and general solicitation would lead to widespread fraud with Grandmas everywhere getting tricked out of their life savings.”
Total capital investment in 2015 is expected to be $10.9 billion, up from $1.5 billion in 2011.