Junction (investment platform)

Junction
Type Private
Headquarters San Francisco, California, US
Website jct.com
Available in English
Launched 2012

Junction is a San Francisco-based online investment platform that allows accredited investors to purchase limited partnership interests in funds that invest in major motion pictures.

Junction differs from donation-based crowdfunding for film in that members receive investments indirectly in the film projects rather than gifts, and the projects listed on Junction are already fully financed. Investors become limited partners in a fund that has economic exposure to the project through an investment agreement with one of the film’s financiers.

Junction’s business is facilitated by the Jumpstart Our Business Startups Act, the passage of which in 2012 created new avenues for companies to solicit investments.[1]

Financiers including Worldview Entertainment, Endgame Entertainment, PalmStar Media, QED International and Silver Reel are reported to be working with Junction as of March 2014.[2]

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 includes a former Google engineer, a onetime technology employee at Goldman, and a former lawyer at Cravath, Swaine & Moore. Their advisors include Steve Wynn, Jason Blum and Logan Green.[3][4]

On October 2014, the European equity crowdfunding platform Seedrs announced the acquisition of Junction.[5]

See also

References

This article is issued from Wikipedia - version of the Tuesday, December 22, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.