Business Projection / $15,000,000,000.00 Sales/Placements
7% Texas Crowdfunding Portal Fee $1,050,000.000.00 Gross Profit
This is ONLY The numbers for Texas Veterans that can create jobs with the system!
There are over 700,000 other Texas Start-ups ...
X $200,000.00 Minimum Accepted Portal Placement Amount
$15,000,000,000.00 Monies Raised
The Texas 84th Legislature (2015) House Bill 1629 allows a Texas Crowdfunding Portal, through the Texas State Securities Board (TSSB) using the Texas Crowdfunding System (TCS) to assist Texas Veteran Entrepreneurs (TVE) an opportunity to raise up to $1M per year from a Texas Resident 18 years and over by selling equity/stock in the business.
The Texas Veterans Entrepreneur Program has been approved to utilize the Texas Intrastate Crowdfunding System.
--- CURRENTLY THERE IN NO ONE IN THIS SPACE ---
It has been projected that the State of Texas has 2.2 Million Business Start-Ups and that 38% (836,000) have no access to conventional business start-up capital.
Texas has 1.6 Million Veterans in the state, this represents 9% of the total population (18 and over) and if we use the following assumption 9% (Texas Vets) of the 2.2 Million Start-ups (SUs) we will show 198,000 of these SUs will be Texas Veterans.
When we use the 9% assumption and apply this to the 836,000 Start-Ups with no access to conventional business capital, we have 75,000 Texas Vets that can use/need the Texas Intrastate Crowdfunding System to fund their business.
Let's remember ... how about the other
836,000 - 77,000 = 761,000 ?
There are at least 836,000 Texas Entrepreneur's seeking funding/business capital that will create JOBS!
The State can pass thousands and thousands of Bills, if they are not executed why waste the time, energy and resources?
Why has our Texas Governor NOT mentioned or funded any program to expose this system, or placed an overseer to monitor and promote Texas Intrastate Crowdfunding?
My best guess .... is ...
Governor Abbott's top 2 Campaign Supporters ( Securities & Investment - $2,618,708.83 Attorney's & Lobbyist - $1,792,317.03 = $4,411,000.00) - will be disrupted by this Texas Intrastate Crowdfunding System!
A Texas Crowdfunding Portal acts as an Investment, takes place the Bank and a Securities License is NOT needed to create the issuers documents.
Investment banks won big on IPOs in 2014 - Investment banks earn fees from underwriting IPOs
If you expect him to do anything, we are in big trouble!
We need Private Business to step up to the plate ...
Here is another issue that really does concern us all !
The Missing Millennial Entrepreneurs----
Millennials reported that they were self-employed, compared with 7.6 percent for Generation X (born 1963 to 1981) and 8.3 percent for Baby Boomers (born 1944
to 1962). The report shows that low Millennial self-employment is partly caused by their relative
youth and partly caused by a trend toward lower self-employment at the relevant ages.
The report, called “The Missing Millennial Entrepreneurs,” is the first in a series on trends in entrepreneurship.
It is available at www.
The next report in the series will focus on entrepreneurs who have reached the traditional retirement age, a group sometimes called “encore entrepreneurs.”
L.W. Dusty Brogdon
Texas Crowdfunding Advocate