We leave it to our friends in the media, CityA.M., to comment on yesterday's highly successful event, hosted by our director of communications, Martin Baker: "No wonder there was an enthusiastic crowd at City A.M.'s first crowdfunding conference, held in association with Another Crowd at the RAC yesterday.
"The calibre of the speakers – who included veteran fund manager Nicola Horlick, financial pundit Justin Urquhart Stewart and venture capitalist and Kas Bank managing director Chris Sier – was matched by lively and, at times, heated debate.
"Ever wondered what gets crowdfunders worked up? Well, expect some to-and-fro if you enter into the topics of inflated valuations and the issue of platforms that raise finance on themselves. The potential conflict of interest of platforms with fee structures that incentivise them to hide information, to ensure as many funded businesses as possible, also saw a few voices raised.
'The event had an incredibly well-informed audience.'
"Goncalo de Vasconcelos, co-founder and chief executive of SyndicateRoom commented: 'The event had an incredibly well-informed audience, from well-known researchers in the area to highly-experienced investors. This made talk very engaging indeed, with excellent questions digging deep into the industry, and showing the potential for crowdfunding – and how important and mainstream it is becoming.'
"A relaxed lunch and open-ended networking session at the club put the audience at ease – which is just as it should be. After all, lunchtime is the most popular time for crowdfunding investment."
We will be running extracts from the debates and presentations - in text and as audio-visual clips - over the next few days. Money&Co. will be co-sponsoring other crowdfunding events in the autumn. Registered Money&Co. site users will qualify for a generous discount (Money&Co. members received £40 off the ticket price for yesterday's event, which included lunch and networking drinks). Register here.
*** Congratulations to Industrial Supplies Direct - the A-rated two-year loan of £315,000 closed at a gross yield of 8.6 per cent. We have more exciting projects in the pipeline. Another reason to watch this space!