What is Equity Crowdfunding?Crowdfunding is the practice of funding a business, startup, or venture by combining small amounts of money from a large number of people, typically via the internet. In an equity crowdfunding relationship, investors are given a share in the business in exchange for their financial investment. Many businesses, startups, and filmmakers have successfully raised funds and fostered awareness through crowdfunding.
What is the Market Status of Equity Crowdfunding?The current state of the market is chaotic and unreliable. SEC rules and business models are still being defined and many equity crowdfunding platforms are inadequate in scope and technology. They lack real-time financial tools to encourage investors to invest.
Korvolt is in the position to fix many of these issues by focusing on analytics and valuation - two key components in equity crowdfunding. Through our own proprietary technology, analytic and financial data, and social technology, Korvolt provides investors with the information they need to accurately evaluate businesses and startups before entering into an investment relationship.
Korvolt's ApproachKorvolt was started in mid-2013 by professionals experienced in working with startups, who also had extensive background in securities, operations and alternative investments. We understand the needs of both investors and startups. Korvolt is deeply committed to an equity crowdfunding model built on and supported by the international community, mainly in the United States and South Korea.
Korvolt's Tools and SystemKorvolt has the opportunity today to help shape the industry by solving fundamental problems for both investors and entrepreneurs. Korvolt is about improving the process of raising capital or investing in a business by making it seamless, quick, and reliable. For entrepreneurs, Korvolt offers a powerful tool to produce realistic valuation of their business, in real-time. For investors, we offer a dependable system for assessing and validating the business's valuation to guide investment decisions. Using these tools, Korvolt solves the problem of uncertainty that has plagued crowdfunding up to this point.
Korvolt's Business ModelWe believe in an open and integrated approach. Our approach is built on 4 key components that will guide how we build community and sustain and support our members.
The South Korean government plays an important role in shaping the domestic crowdfunding industry. In May 2013, the Finance Ministry announced the government planned to legalize the crowd funding system as part of efforts to help venture companies finance their seed money from a number of small investors with fewer restrictions.
Albert S. Lee
Founder, Chief Executive Officer
Chief Technology Officer
Kang Chang Soon