vincent bradley is here to talk about how this works and how to invest. he s got a business in product development and he s the ceo of flashfunders. a no cost equity platform open for small businesses and tech entrepreneurs. so great to see you, vincent. thank you for having me jj. there s been so much focus on the equity funding because of the jobs act that says anyone can invest in a company for equity. we re not there yet. we re not there yet. congress actually, excuse me the sec just came a little further on that. so right now flashfunders and everyone else is allowing credited investors to purchase direct equity or through spds, which is complex method. we are focused on direct and flash funders. so you must be a credited investor right now to invest. let s just say i m starting this amazing company, right? and i have some people who are interested but i m also looking for other funders. how does that work? how do i work with an equity
and what we are seeing is the conversations start on the platform and will be taken offline. right. and if he decides to invest he can invest in a company in under 15 minutes. that basically means he s going through banking compliance he s going through accreditation and signing his documents on the platform linking a bank account, transferring money. this is all stuff that used to be done by a paralegal that would cost $250 and $500 for a securities lawyer. we do it at a fraction of the cost. right. i know you had to spend a lot of time and money in order to launch your company. so congratulations. yeah, thank you. it s not a lot of fun sometimes dealing with but it s very important to do it right. consider flashfunders creating an industry standard. thank you for coming on to talk to us about it. thank you for having me jj. it s been awesome. still to come the small business question people keep asking. how do you monotize social