We’ve been watching in amazement as organizations such as Kickstarter gain steam, revolutionizing the way that entrepreneurs go about raising cash for their projects. And it appears that the concept of crowdfunding will continue to gain momentum, especially in light of the new Jumpstart Our Business Startups (JOBS) Act that was signed into law by President Barack Obama last month.

Now, the industry, is getting more serious, forming its very own industry trade group. The Crowdfunding Professional Association (CfPA) was announced today, declaring a mission of creating “a vibrant, credible and growing crowdfunding community.” The group will serve entrepreneurs, investors and business owners in order to help ensure that the practice of crowdfunding “continues to develop in a responsible, transparent and credible manner.”

“Having worked over the past two years in developing the framework and foundational elements of the acts that passed both houses of Congress and ultimately the JOBS act signed by our president, I am thrilled to join with a broad coalition of crowd pioneers in the creation of a truly crowd-sourced professional association,” said Sherwood Neiss, a founding member of the leadership group behind both non-profit crowdfunding group.

Other executive members include Berkeley Geddes, CEO of Grow America Insight; Carl Espositi, founder of Crowdsourcing.org, Brian Tsuchiya of Vim Funding and Ruth Hedges, CEO of Unismart Capital Software.

The venture capital industry has long had its own trade and lobbying group, in the form of the National Venture Capital Association. Given that, it’s interesting to see the rise of the CfPA.

Comments

  • Jhadle

    What they said: The group will serve entrepreneurs, investors and business owners in order to help ensure that the practice of crowdfunding “continues to develop in a responsible, transparent and credible manner.”
    What they meant: The group will serve entrepreneurs, investors and business owners in order to help ensure that nothing will interfere with their ability to make money on the crowdfunding trend.”

  • http://twitter.com/CrowdFundUs David Marlett

    The crowdfunding industry has had a vibrant trade association since March and it is growing rapidly:  the National Crowdfunding Association. http://www.NLCFA.org   And it is not associated with any particular for-profit conferencing group, etc, such as others, and it is only focused on American crowdfunding.  If you want more info, please contact me at david.marlett@NLCFA.org  

  • Eg

    what a bunch over layered crap….

  • Travis Chapman

    Steep fees over at the NCA site, David. All the talk about getting students involved and there’s no student membership rate? We’re trying to make a lean startup. $750/yr association membership isn’t exactly conducive to that mission. While the service looks great and I’m interested in attending your conference, I think you’ve priced me out for now!

    http://www.CrowdBioVentures.com
    http://www.founderproblems.com

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