BOULDER, CO, One of the first stock exchanges is forming in Boulder that will start by providing funding and incubation for growing companies.
With last week's passage of the "crowd funding" JOBS Act allowing individuals to make small investments in new businesses, one of the first stock exchanges is forming in Boulder that will start by providing funding and incubation for growing companies. SSX: The Story Stock Exchange is taking positions in the most promising new ideas to create a portfolio of listed projects - those too small for venture capital or bank financing, but with tremendous potential for average investors and job generation.
"Small businesses have been shunned by banks, limited in soliciting outside investment, and prohibited from participating in the greatest economic engine ever invented: public equities markets driven by small, independent investors," said SSX Co-Founder John Metzger. "With the coming capital revolution made possible by the JOBS Act, our mission is to turn promising business ideas - the best 'stories' - into fundable enterprises attractive to both 'accredited' and unaccredited individuals and organizations. We're helping the best ideas become growing companies through our national angel network, the rising crowd funding community, and ultimately venture funds, private equity firms and public stock markets."
In exchange for future equity participation in its portfolio projects, the SSX team provides custom programs and service combinations which may include seed funding; business and capital formation; management and sales counsel; investor relations and digital marketing services. The incubation process will lead to the development of an equity pool of "story stocks." This qualitative mutual fund approach is designed to work in concert with today's Internet-based crowd funding platforms such as FundingLaunchpad.com and Kickstarter.com that enable fluid, high-quantity individual investments to be placed directly within a large patchwork of capital-hungry businesses.
"From web applications to manufactured goods, from consumer products to retail, The Story Stock Exchange is setting the next standard in startup business incubation, while creating a market for the venture-class investments of the future," said SSX Co-Founder Michael Abdy. "We're building a sophisticated network of mentors, advisors and investors dedicated to discovering the rising stars on today's new playing field."
About The Story Stock Exchange
SSX: The Story Stock Exchange incubates new ideas, and takes stock in the best business stories of the future to create a public market for entrepreneurial investment. In exchange for services, funding and equity opportunities for its partners and shareholders, SSX is developing a diverse and dynamic project portfolio with some of the world's most exciting economic adventures. Based in the entrepreneurial ecosystem of Boulder, The Story Stock Exchange is a Limited Liability Corporation operated in a joint partnership between investment capital firm Tiforp Business Ventures, and marketing firm Metzger Associates. For more information, please visit
www.storystockexchange.com.
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