Junction (investment platform)
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| Type of business | Private |
|---|---|
Type of site | Crowdfunding |
| Available in | English |
| Headquarters | , |
| URL | jct |
| Commercial | Yes |
| Launched | 2012 |
Junction was a San Francisco–based online investment platform that allowed accredited investors to purchase limited partnership interests in funds that invested in major motion pictures. It differed from donation-based crowdfunding for film finance as members of Junction received investment participation indirectly in the film projects rather than gifts, and the projects listed on Junction were already fully financed. Investors became limited partners in a fund with economic exposure to the film project through an investment agreement with one of the film's financiers.
Junction's business was facilitated by the United States Jumpstart Our Business Startups Act, the passage of which in 2012 created new avenues for companies to solicit investments.[1]
History
[edit]Junction was founded in 2012 by Adam Kaufman, a former Goldman Sachs banker, and Brian Goldsmith, a former CBS News producer. As of March 2014, their team included a former Google engineer, a one-time technology employee at Goldman, and a former lawyer at Cravath, Swaine & Moore. Their advisors included Steve Wynn, Jason Blum, and Logan Green.[2][3]
Financiers including Worldview Entertainment, Endgame Entertainment, PalmStar Media, QED International, and Silver Reel were reported to be working with Junction as of March 2014.[4]
In October 2014, the European equity crowdfunding platform Seedrs announced the acquisition of Junction.[5]
See also
[edit]References
[edit]- ^ Michael J. De La Merced , “A Start-Up Is Offering an Online Way to Invest in Hollywood”, The New York Times, 25 March 2014.
- ^ Dorothy Pomerantz , “Moving Beyond Kickstarter: A New Website Lets People Actually Invest In Movies”, Forbes, 27 March 2014.
- ^ Dominic Patten , “Crowdfunding Start-Up Aims To Match Big Ticket Investors With Hollywood Financiers”, Deadline Hollywood, 26 March 2014.
- ^ Jordan Zakarin, “New Crowdfunding Site Hosts Big Names – Tom Hanks Film Among First Projects”, The Wrap, 26 March 2014.
- ^ Jeff Lynn, "Seedrs Acquires Junction Investments and Will Expand to the United States", Seedrs Blog, 30 October 2014
