Yokal Sports, the First Crowd Sourced Video Service for School Sports, is Now Open for Investing via truCrowd Portal
Taking advantage of the new Reg CF, Yokal Sports is raising money with the goal of bringing better media coverage to high school and college sports. Under the new regulation anyone can invest as little as $100 in startups they love.
Chicago, IL, August 29, 2016 (Newswire.com) - truCrowd.com - the funding portal for non-accredited investors, that helps US startups and small businesses to raise funds from anyone, announced today that Yokal Sports, the the first crowd sourced video service for high-school and college sports fans is now open for investing.
The company focuses on covering colleges and high school sports and on aggregating video highlights and data on channels easily accessible to fans. Currently operating in Los Angeles, the Twin Cities and North New Jersey, the company has covered over 100 games and plans to expand to 10 other cities in the next coming months. In active discussions with 15 different potential customers from digital platforms, tv stations, sports websites and large newspaper groups, Yokal Sports plans to become the ESPN of local sports and provide sport video services to 25 million users.
The new Regulation Crowdfunding (Reg CF) allows companies to raise up to $1 million per year from non-accredited investors including friends, family, customers and partners in exchange for equity. Becoming a shareholder it is not reserved anymore only to accredited investors. Anyone can own shares in a startup or a small business for as little as $100.
Claudia Ecobici, Co-Founder,CMO
“Yokal Sports addresses a high potential market uncovered by traditional sports media players. The success of their business model is tied to offering low cost video production while applying the crowd sourced economy model. Yokal Sports is the first sports broadcasting provider raising money under Regulation Crowdfunding and we are very excited of having them on our portal,” says Claudia Ecobici, co-founder and CMO of truCrowd.
“Existing media companies have a CPM advertising model that cannot generate enough revenue to cover the cost of broadcasting schools games. This is where Yokal Sports comes in. Combining the latest technology of app based video platforms and an innovative revenue model will allow us to provide video streaming services in multiple markets and at a low cost,” says Christopher Pappas, CEO of Yokal Sports.
The new Regulation Crowdfunding (Reg CF) allows companies to raise up to $1 million per year from non-accredited investors including friends, family, customers and partners in exchange for equity. Becoming a shareholder it is not reserved anymore only to accredited investors. Anyone can own shares in a startup or a small business for as little as $100.
About truCrowd
Located in the heart of the financial district of downtown Chicago, truCrowd is an equity crowdfunding portal registered with FINRA operating under Regulation Crowdfunding (Title III of JOBS ACT). It connects startups and emerging businesses with non-accredited and accredited investors from US and abroad. truCrowd built its crowdfunding engine to permit scalability and flexibility.
Source: truCrowd
