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40Billion Announces STARTUP SUPERSTAR Business Plan Competition

40Billion.com plans to launch 'American Idol' of business plan competitions to create jobs

ATLANTA, Georgia - July 18, 2012 -- Small business crowdfunding pioneer 40Billion.com (http://www.40billion.com), the leading professional crowdfunding and social networking platform, announced today that they are planning to launch Startup Superstar (http://www.startupsuperstar.com), a novel business plan competition that will help create jobs by supporting budding U.S. entrepreneurs.

"Startup Superstar is all about keeping the American Dream alive by helping small-business entrepreneurs access funding and resources, promoting new ideas, starting new companies, and building social networks for entrepreneurship and innovation,” stated Cornelius McNab, founder of 40Billion.com. “By helping aspiring entrepreneurs, we all will be winners in creating new jobs that our economy needs so desperately."

The competition will feature from $25,000 to $100,000 in total prizes, funded by individual contributors and corporate sponsors. The more contributions and sponsorships that the company raises, the more prizes and winners there will be. Winners will be selected by a 'crowd' of judges made up of fans, investors, and sponsors.

Anyone can sponsor the competition and offer their support to aspiring entrepreneurs by going to either 40Billion ( http://www.40billion.com ) or Indiegogo ( http://www.indiegogo.com ) and searching for ‘Startup Superstar’ to see the sponsorship page. The company is offering rewards to both individual contributors and corporate sponsors. Individuals can make an online contribution of $25 or more and receive social media kudos or an exclusive 'I am the American Dream' T-shirt featuring the Startup Superstar logo. Corporate sponsorship levels start at $5,000 and offer coveted advertising packages and up to 500 votes for guest judges.

About 40Billion.com

With over $70 million in raises facilitated so far, 40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com’s scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks – including friends, relatives, colleagues, customers, and other contacts – and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. In business since 2008, the company aims to address a $40 billion funding gap. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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40Billion Crowdfunding Site Turns 4 and Gets a Facelift

40Billion.com launches redesigned website for small businesses to raise money

ATLANTA, Georgia - July 4, 2012 -- Small business crowdfunding pioneer 40Billion.com (http://www.40billion.com), the leading professional social funding platform, announces the 4th successful year in business and launches redesigned and improved site. As a pioneering small business funding network, 40Billion marches ahead vigorously to help small businesses find needed funding sources to start and prosper in their ventures.

As a part of continuing efforts to promote the cause of small business funding and provide state-of-the-art tools for a small business to raise capital, the 40Billion just completed major improvements of the site to improve overall user experience. "Significant changes have been made to all products and services offered on the 40Billion site to make the experience a very smooth one," stated Harendra Jani, Vice President of Strategy at 40Billion.com. "Our new site provides very easy access to all of our products and services, namely raising money, building social networks of contacts, funding a small business, and finding resources to help your business grow. Whatever you are looking for to start or expand a business, it is available at your fingertips."

With 40Billion, users launch business fundraising projects online via the Web. It then enables users to route the projects to people in their social network - friends, family, and other contacts - most likely to fund that project, either through gifts, donations, private direct loans, or commercial paper (i.e., short-term loans up to $1 million for 270 days or less). The platform does not facilitate equity investments or sales of company stock at this time; however, with the recent enactment of the JOBS Act, equity-based crowdfunding will be available online in early 2013. Regardless of funding type, the mission remains the same: Help entrepreneurs use their Internet social networks to raise more funding quickly, easily, and affordably so that they can start and grow successful businesses. Starting and growing successful small businesses spurs job growth and economic growth.

With over $70 million in raises facilitated so far, 40Billion.com is seeking partnerships and strategic investors to promote growth and provide additional services that would benefit its users. Interested parties are invited to contact the company.

About 40Billion.com

40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. In business since 2008, the company aims to address a $40 billion funding gap. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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40Billion.com Drives Crowdfunding Law for Small Businesses to Raise Money

President Obama signs JOBS Act making it easier for startup entrepreneurs to raise capital

ATLANTA, Georgia - April 9, 2012 -- Small business crowdfunding pioneer 40Billion.com (http://www.40billion.com), the leading professional social funding platform, has helped drive several provisions in the new JOBS Act recently signed by President Obama and passed by the U.S. Congress. Now, startup entrepreneurs and small businesses can seek out everyday investors and advertise their fundraises and offerings publicly over the Internet.

Part of the JOBS Act facilitates crowdfunding, in which entrepreneurs use the Internet to raise money from a large number of investors and funders. The legislation allows small businesses to use Internet services like 40Billion.com to raise up to $1,000,000 in funding from lots of everyday people, including social networks of friends, family, peers, and others.

"We're excited about the recent news of the passing of the JOBS Act and what it means for our nascent industry and for aspiring business owners across the country who want to do their part to boost the economy while realizing their American dream," said Cornelius McNab, founder of 40Billion.com. "When I dreamed up 40Billion back in early 2008, so many folks were skeptical that a social funding network for business startups over the Internet would ever work. Just four years later, we’ve made skeptics into believers. Crowdfunding has become an industry, and we've worked with the federal government to help create new laws that revolutionize how small businesses raise money."

Before the advent and widespread acceptance of Internet social networking tools, it was nearly impossible for entrepreneurs to tap into micro-funding sources cost-effectively. 40Billion.com applies state-of-the-art online tools to enable businesses to build social networks of friends and family members that facilitate raising capital.

With 40Billion.com, users launch business fundraising projects online via the Web. It then enables users to route the projects to people in their social network - friends, family, and other contacts - most likely to fund that project, either through gifts, donations, private direct loans, or commercial paper (short-term loans up to $1 million for 270 days or less). The platform does not facilitate equity investments or sales of company stock at this time.

According to Harendra Jani, VP of Strategy and Planning at 40Billion.com, "Business crowdfunding has been legitimized by a grassroots effort that culminated in the passing of the JOBS Act to help U.S. small businesses and entrepreneurs. This movement will help close the $40 billion funding gap."

Raising funds from one's friends, family, and peers can be a daunting challenge as an entrepreneur raising capital for a startup business, and there are many questions. Whom should you contact to request funding? How do you facilitate multiple fundraising requests and manage multiple funders (i.e., those who provide funds, such as investors, donors, and lenders) in a structured and scalable way? How do you give potential funders peace-of-mind and increase their trust so that they are more willing to provide you the money you need? How do you reward funders when their motivation is not purely a financial one? How do you find business resources after you raise money?

"Do you know how it seems really hard for entrepreneurs to raise funding? What 40Billion.com does is lets entrepreneurs use their Internet social networks to raise more funding quickly, easily, and affordably so they can start and grow successful businesses. It’s friends-and-family funding on steroids," said McNab.

With over $60,000,000 in Raises facilitated so far, 40Billion.com is seeking partnerships and strategic investors to promote growth and provide additional services that would benefit its users. Interested parties are invited to contact the company.

About 40Billion.com

40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. In business since 2008, the company aims to address a $40 billion funding gap. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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40Billion.com Launches Mobile Website for Small Business Entrepreneurs to Raise Money

Users build social networks and raise funding for businesses conveniently on web-enabled phones

ATLANTA, Georgia - June 8, 2011 -- 40Billion.com (http://www.40billion.com), the leading professional social funding platform, has launched 40Billion.mobi (http://www.40billion.mobi) as the new version of its mobile website. Optimized for smart phones the new site enables rich user experiences and provides new features allowing users to raise money and grow professional social networks more conveniently via 40Billion on the go.

40Billion.mobi is another innovative way to make fundraising more convenient for small business entrepreneurs. Users of the fast-growing site can manage their professional social networks and business fundraising profiles anwhere they are with the convenience of their web-enabled smartphones, including iPhone, Blackberry, and Android phones.

The development of a new mobile site gives entrepreneurs and investors the convenience they need to build and grow businesses while traveling. Users can choose whether to browse the full 40Billion.com site, or whether to use the mobile version of the site at 40Billion.mobi. According to Cornelius McNab, founder and chief executive, "There are three times as many cell phone users in the world as there are regular computer Internet users, and cell phone users are adopting web-enabled smartphones at a fast rate. Many business professionals already read their emails from their phones, so now they can read 40Billion's emails, build their professional social networks of contacts, raise money for their businesses, view and track Raises, and search for resources to help build businesses."

The company anticipates that the launch of the 40Billion.mobi will lead to massive growth by giving busy professionals the freedom and flexibility to better access and manage business fundraising profiles from anywhere. As an extension of 40Billion.com and another way to access its services online, 40Billion.mobi is designed to further simplify the sometimes daunting process of raising business capital with friends and family.

About 40Billion.com

40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion's patent pending micro-funding platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. In business since 2008, the company aims to address a $40 billion funding gap. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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40Billion.com Launches Audio Startup Guides to Help Entrepreneurs Start New Businesses

Five downloadable guides help entrepreneurs start new businesses quickly with tips for raising money, writing business plans, incorporating, managing cash flow, and protecting ideas.

ATLANTA, Georgia - March 7, 2011 -- 40Billion.com (http://www.40billion.com), an online micro-funding and social networking platform for entrepreneurs and business professionals, has announced the release of 5 new Startup Guides to aid new business owners. The downloadable audio guides and templates provide quick access to information about raising money, funding options, business plans, company formation, cash flow management, and intellectual property protection.

In these Startup Guides, users can discover useful tips on 5 of the most important topics for new businesses:

  1. Funding a business through friends, family, angels, banks, and venture capital
  2. Writing a business plan in 13 easy steps
  3. Forming a company as a corporation, LLC, partnership, or sole proprietorship
  4. Managing cash flow to avoid running out of money
  5. Protecting business ideas and intellectual property through patents, trademarks, copyrights, and non-disclosure agreements

On the website, users can download the short audio files and listen to them on any MP3 compatible player, including iPod and other portable music players, personal computers, iPhone and other smart phones, and many cars equipped with MP3 players.

Furthermore, users can download easy-to-use templates that come with each audio guide. For example, the startup guide on how to write a business plan comes with a 13-slide business plan template that users can fill out while listening to the audio instructions.

There is no charge for the first Startup Guide, and additional Startup Guides are $0.99 each. For more information, go to http://www.40billion.com/startupguides or click Startup Guides on the 40Billion.com site.

About 40Billion.com

40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. In business since 2008, the company aims to address a $40 billion funding gap. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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40Billion.com Small Business Funding to Explode to over $100 Million in 2011

40Billion.com continues to grow rapidly by incorporating online social networking to raise money for business ventures. New features have boosted entrepreneurial fundraising activity to over $30 Million, which is expected to triple to $100 Million this year.

ATLANTA, Georgia - February 28, 2011 -- 40Billion.com, an online micro-funding and social networking platform for entrepreneurs and business professionals, is growing rapidly by incorporating online social networking to help raise money for small businesses and startup ideas. New fundraising tools and social networking features have boosted entrepreneurial fundraising activity to over $30 Million, which is expected to triple to over $100 Million in 2011.

Many businesses get started with financing from the entrepreneur’s friends and family, but it is often difficult to manage these relationships. 40Billion.com allows many people to donate or lend small amounts of money and spread the risk. Furthermore, the service provides its own unique rating mechanism, called Social Business Rating System (or SBRS), as well as communication tools to increase transparency between the entrepreneur and investors.

To request funding, an entrepreneur uses 40Billion.com to start a fundraising profile, known as a Raise, and invites their friends, family and others in their social network to invest and contribute towards the funding target. 40Billion.com makes it easier for entrepreneurs to share their business ideas with friends and relatives, who may want to invest or otherwise support ventures, and it offers easy ways to formalize and track funding agreements such as direct loans and commercial paper.

"We’ve facilitated over $30 Million in Raises, and we’re seeing a huge increase in demand, where more entrepreneurs are using our online micro-funding platform to get business loans and other types of financing because their communities and networks of friends and relatives will believe in them when banks will not," said Cornelius Colin McNab, founder and chief executive at 40Billion.com. "Tough economic times have led to a credit crunch, where banks have tightened up, and this has increased the funding gap and made things worse for entrepreneurs chasing the American dream. 40Billion offers new and innovative alternatives to gain access to affordable financing through the power of the Internet. Our goal is to help all those hardworking entrepreneurs that have good ideas but don’t have the money or resources to get started."

40Billion.com predicts that adoption of online crowdfunding, small-business microfinance, and professional social networking services by mainstream users will catapult its growth to over $100 Million in fundraising activity by the end of 2011.

About 40Billion.com

40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. In business since 2008, the company aims to address a $40 billion funding gap. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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40Billion.com Extends Commercial Paper Short-Term Loan Product to Small and Medium Business Entrepreneurs

Enables existing Small and Medium Businesses to raise up to $1 million in short-term loans for 9 months using social networking

ATLANTA, Georgia - February 21, 2011 -- 40Billion.com, an online micro-funding and social networking platform for entrepreneurs and business professionals, today announced new short-term loan options that enable small- and medium-sized businesses to raise up to $1 million in commercial paper for up to 9 months.

Commercial paper is an unsecured promissory note to meet the short-term financing and cash flow needs of businesses and can be a more affordable alternative to a traditional bank line-of-credit. Most commonly used by large corporations to raise quick and low-cost working capital, commercial paper has been in existence for over a century.

This reputable financing option is now available to small- and medium-sized businesses seeking to borrow $5,000 to $1,000,000 for up to 270 days, as well as investors seeking to diversify their investments and potentially earn a quick return while supporting U.S. small and medium businesses.

"Our short-term loan option using commercial paper offers a revolutionary solution to the problems faced by millions of existing small- and mid-sized business entrepreneurs trying to find affordable working capital," said Harendra Jani, VP of strategy and planning at 40Billion.com.

According to Jani, there are several advantages over traditional bank loans: "It is unsecured and does not create any lien on the business’ assets; the discount rate is negotiated between the entrepreneurs and investors online, so ventures with high SBRS scores or good relationships may get better rates; the wide range of maturity, from 15 days to 270 days, offers a lot of flexibility; and, it can be used frequently for a variety of short-term cash needs such as payroll, inventory, and marketing."

Since 2008, the company has facilitated over $30 million in business fundraising projects and aims to address a $40 billion funding gap with innovative small-business financing tools enhanced by the power of online social networking.

About 40Billion.com
40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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40Billion.com Lets Small Businesses Turn LinkedIn And Facebook Social Networks Into Funding Networks

Online social networking and finance tools help entrepreneurs share business plans, raise money, and launch businesses with friends and contacts

ATLANTA, Georgia - February 14, 2011 -- 40Billion.com, an online micro-funding and social networking platform for entrepreneurs and business professionals, has announced new integrated social networking tools that enable members to use their existing LinkedIn or Facebook accounts to help raise money for small businesses.

Using the Internet service, visitors connected by existing social networks - such as friends, relatives, co-workers, classmates, and other contacts - can sign up and log in quickly and easily with their existing LinkedIn or Facebook accounts. The user simply clicks the "Sign in with LinkedIn" or "Sign in with Facebook" button and then enters their email address and password. 40Billion.com instantly logs in and automatically creates the user’s profile, including photo, summary, education, interests, honors, or other relevant information.

"Social networking sites are extremely popular with 90 million users on LinkedIn and 500 million users on Facebook, and many of the people using those sites for professional and personal social networking could use 40Billion also to raise money and grow businesses by leveraging their existing social networks," said Cornelius McNab, 40Billion’s founder and chief executive.

"That’s why we’ve made it easy to log in on 40Billion with the same email address and password you use on those other sites. Your profile is automatically updated with relevant information about you, and you can invite your contacts from those other sites to join your network on 40Billion. This saves a lot of time and lowers the hurdle for entrepreneurs, investors, and friends who want to help build businesses, realize the American dream, and grow the economy."

After signing in, each member can add people to their network easily by finding other members they know on 40Billion.com, inviting friends to join, importing their existing contacts from an email program (e.g., Gmail, Yahoo Mail, AOL, or Outlook) or from a social networking site (e.g., LinkedIn or Facebook), and sharing their profile on their LinkedIn or Facebook page. Furthermore, the service automatically suggests new contacts that the member may know.

Members use their profiles and contacts on 40Billion.com to help raise funding for a business, support businesses seeking funding and resources, and acquire new customers.

About 40Billion.com
40Billion.com is the social funding network for small businesses and startup entrepreneurs. 40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. Since 2008, the company has facilitated over $30 million in Raises and aims to address a $40 billion funding gap. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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40BILLION.COM LAUNCHES SOCIAL NETWORK FOR STUDENT ENTREPRENEURS AND ALUMNI

Social networking and finance tools to help college students and alumni share ideas, raise money, and start businesses

ATLANTA, Georgia - January 12, 2011 -- 40Billion.com, a micro-funding platform that facilitates business capital fundraising through gifts and loans from an entrepreneur's network of friends and family online, today announced the launch of new social networking tools for students and alumni to raise money for businesses.

Using the free Internet service, college students and alumni can build their social networks of contacts, including classmates and friends from the same school and from different schools, and use these connections to raise money, resources, and support for entrepreneurial ventures. Members create personal profiles that include their education information, such as school name, degree, major, and graduation year. They can add one or multiple schools to their profiles and then invite people they know from each school to join their network. The service even suggests new contacts, automatically, based on their profiles.

"Many of the most innovative and successful businesses are started by college students and alumni, and now 40Billion.com makes it easier to launch a new venture with the support of your school. Whether you’re a Harvard dropout, a college graduate, an undergraduate, or a business school student, this is for you. If you’re starting a business, you have an idea for a new product, you want to help fund the ventures of entrepreneurs from your school, or you want to build your network, then this is for you. You probably already know someone using it," said Cornelius McNab, founder of 40Billion.com and graduate of Yale University and MIT Sloan business school.

The company has facilitated over $30 million in business fundraising projects since 2008. It aims to address a $40 billion gap in small business and startup funding by providing an online platform for social funding so that more entrepreneurs can have access to affordable business financing, realize the American dream, and help grow the economy.

About 40Billion.com
40Billion.com is the first micro-funding platform that facilitates American small business capital fundraising through gifts and loans from an entrepreneur’s network of friends and family online. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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How To Use Social Networking To Raise Money For Your Business

40Billion.com Launches Free Social Networking Tools for Small Business Entrepreneurs and Startups Seeking Loans and Resources

By Cornelius Colin McNab, 40Billion.com

Looking for funding to start a new business? Need to raise startup capital, but don't know where to go? Well, you may already know hundreds or thousands of potential financing sources that you interact with every day. This article exposes five simple steps to raise funding by leveraging your social network online.

It is estimated that half of small business entrepreneurs raise money through friends and family to fund the first phase of their startups, but it is often difficult to manage these relationships. With Internet social networking, it can be much easier to raise money while maintaining your relationships. So what steps should you take to raise funding for your business through friends and family? How can you increase your access to capital and resources by leveraging your social network?

  1. Upload Your Business Plan
    A recent poll of 140 people found that a good business plan is the #1 most important factor in deciding whether to fund a friend’s or relative’s business. One of the best things you can do as an entrepreneur to increase your chances of raising money is to turn your idea into a business plan, and make your business plan accessible to people you know. Some services allow you to upload a document and share it on various social networking websites quickly and easily. However, be careful not to upload any confidential information or intellectual property that you don’t want publicly known.

  2. Create A Social Funding Profile For Your Business
    After you've written a compelling business plan, you need to make sections of it available to your potential funders. Create a business profile online that people you know can easily access on the Web. The profile should provide insight into your vision and plan for the business, how much funding you need and why, and what you have to offer in return - e.g., rewards and discounts on products or services you sell.

    In the last three years, social funding websites, such as 40Billion.com, have launched that allow you to create your own profile page and use it to raise money for your business. You can even make your profile private in order to limit access only to invited people you know and trust, not strangers.

  3. Invite Your Friends And Build Your Network
    After you've created your business fundraising profile, broadcast it to people you know. Invite your friends, family, community members, neighbors, and others in your social network to view your business profile, contribute towards your funding target, and spread the word. Post a link to your profile on any online social networking websites that your friends are on, such as Facebook® and LinkedIn®, or simply invite all of your friends to join you on the social funding website if it has built-in social networking tools. The more people you share your profile with, the better your chances of raising the financing you need.

    For example, imagine you need to raise $40,000, and you invite 40 friends to contribute $100 each in support of your startup. You may even propose to reward them with a free trial or discount when your business is up-and-running. Each of your 40 friends invites 40 more friends to contribute. Together, 40 x 40 = 1,600 people helping to raise money for your business. If just one out of every four contributes $100, then you’ll easily reach your target.

  4. Use Automated Payment Methods To Collect Funds
    Now that you have potentially thousands of people interested in funding your business, how do you make it easy for them to send you money and for you to track all of the transactions? There are online payment processing services, such as PayPal, that facilitate fundraising by handling the transactions as donations or payments for goods and services. These online payment processors enable the funders to transfer funds from their bank accounts or credit cards to the entrepreneur, while making it easier for the entrepreneur to keep track of all the transactions in one place.

  5. Keep Your Promises And Keep In Touch
    After you get funded, what then? Be sure to thank your friends and family who believed in you and supported your venture. Distribute any rewards that you had promised to your funders, and be sure to keep the lines of communication open by sending them regular updates to let them know how their support has helped you fulfill the “American dream.” A great benefit of social networking sites is that it’s easier than ever to send messages and stay in touch with friends. These communications will go a long way in helping you maintain good personal and professional relationships, and your friends will be more likely to support you again in the future as funders and even as customers.

About 40Billion.com
40Billion.com is the first micro-funding platform that facilitates American small business capital fundraising through gifts and loans from an entrepreneur’s network of friends and family online. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

Cornelius Colin McNab is the founder and chief executive of 40Billion.com, a micro-funding site that facilitates business capital fundraising through social networking online. Cornelius earned a bachelors degree from Yale University and a masters degree in business administration from the Sloan School at MIT.

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40Billion.com Introduces Commercial Paper Offering

Additional social network funding option to help entrepreneurs create their own American dream

ATLANTA, Georgia - November 29, 2010 -- 40Billion.com, a micro-funding platform that facilitates business capital fundraising through gifts and loans from an entrepreneur's network of friends and family online, today announced the addition of an innovative Commercial Paper offering.

Commercial Paper is an unsecured Promissory Note to meet short-term liquidity needs. It is a lower cost alternative to a traditional bank line-of-credit (LOC). Commercial Paper, which has been in existence for over 100 years, is used commonly by large corporations to raise quick and low cost working capital. 40Billion.com is pleased to be able to offer this reputable financing option to small- and mid-sized businesses seeking to borrow $5,000 to $1,000,000 for up to 270 days.

"We see this as a true 'win-win' situation for both investors and borrowers," said Harendra Jani, vice-president of finance, 40Billion.com. "If you asked entrepreneurs to name the most difficult obstacle to overcome when launching their business, the most common answer is likely to be access to low cost capital. Providing a venue to access low cost capital has been 40Billion.com’s mission since day one, and the addition of Commercial Paper speaks directly to that mission."

40Billion.com aims to address a $40 Billion gap in small business and startup funding by providing an online platform for social funding so that more entrepreneurs can have access to affordable business financing through gifts and loans.

40Billion.com helps entrepreneurs:

  • Gain access to needed funding to start and grow their business, with more funding options, and at rates that are lower and more affordable than most alternatives.
  • Formalize the terms of funding in order to reduce the risk of ruining relationships with friends-and-family funders, while building a network and reputation that they can utilize for future funding needs.
  • Take advantage of unique features that are created specifically for entrepreneurs that need to raise money.
  • Find trusted resources and services for their business, such as incorporation or company formation.
  • Acquire customers by offering services to other members on 40Billion.com.

"One of the many effects of the volatile credit market environment of the past few years is severely decreased access to affordable sources of business credit," said Cornelius McNab, founder and CEO, 40Billion.com. "No segment has been affected more by this than entrepreneurs trying to live out their own version of the American dream. Today’s entrepreneurs are tomorrow’s employers. Providing access to capital for entrepreneurs will undoubtedly lead to job creation in the future, and 40Billion.com is proud to play a role in that process."

About 40Billion.com
40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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40Billion.com Helps Small Businesses Raise $25 Million in Funding Through Social Networking

Two Prominent Business Attorneys Join 40Billion.com as Chief Operating Officer & General Counsel

ATLANTA, Georgia - August 16, 2010 -- 40Billion.com, the first social funding network for small business entrepreneurs, recently announced it passed $25 million in funding requests. 40Billion.com also announces the appointments of Daniel Pugh as chief operating officer and Brent Wadman as vice president & general counsel.

"More entrepreneurs are using our Internet-based microfinance platform to get business loans because their communities and networks of friends and relatives will help them when banks will not," said Cornelius McNab, CEO and founder of 40Billion.com. "To help us handle the tremendous growth in demand that is expected, we welcome Dan as head of operations and Brent as head of legal."

Daniel Pugh was previously general counsel of Synthetic Genomics, Inc., a biotechnology startup; associate with law firm DLA Piper and of counsel to Davis Wright Tremaine. He has represented entrepreneurs and venture capital funds and advised numerous private companies.

"With traditional small business and entrepreneurial funding so limited, 40Billion.com's social micro-funding efforts will facilitate job growth and economic recovery nationwide," said Pugh. "I am extremely pleased to be part of this venture."

Brent Wadman was previously assistant general counsel of Infogroup, Inc., a publicly-traded marketing solutions provider for businesses; owner of Wadman Law, a corporate litigation boutique specializing in corporate formation and commercial transactions; and, attorney at Ameritrade, Inc., a publicly-traded financial services company providing online trading and investing.

"I am excited to join the high-caliber 40Billion.com team," said Wadman. "I am a strong believer in the services 40Billion.com provides and its mission of connecting and facilitating relationships between entrepreneurs, small businesses and investors."

Additional information about 40Billion.com is available at: http://www.40Billion.com.

About 40Billion.com
40Billion.com, Inc. is the first Internet-based microfinance company serving American small businesses. 40Billion.com's scalable platform helps entrepreneurs raise funding more affordably through friends and family than through banks or other traditional financial institutions. Using proprietary online tools, entrepreneurs build social networks - including friends, relatives, colleagues, customers, and other contacts - and use these connections to raise capital through small business loans and gifts. Entrepreneurs create fundraising profiles and invite their connections to offer funding in exchange for discounts or potential returns. 40Billion.com, Inc. is headquartered in Atlanta, GA. For more information, visit http://www.40Billion.com.

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EXCITING COMPANY NEWS

40Billion.com Announces Free Business Consulting Program

        Recognizing that starting a business can be an overwhelming task, filled with many choices that determine the outcome of your long-term success in business, 40Billion.com has recently announced a limited program of FREE consulting for select startup business.
        "The key to any successful business is planning and financing the effort" said Warren Neuburger, CEO of 40Billion.com, Inc. "We are extending the knowledge and resources of our team, which include over 100 collective years in a variety of businesses, to helping entrepreneurs get their company started on the right foot. We believe that this is a good investment for the company, and best of all, for our registered users, the service is absolutely free."
        The new program, launched in the Summer of 2009, offers free consulting services to a selected group of companies that meet certain criteria. The criteria include such things as being registered on the 40Billion.com web site, starting a “Raise” (fundraising profile) on the web site, the type of business being started, and the demonstrated need for help. The first step in the process is to fill out the simple online application, which helps to identify the specific areas where the entrepreneur believes he needs help. These problem areas are then matched against the experience database of 40Billion.com executives to determine if there is a strong fit. Once a fit is determined, the entrepreneur is contacted with the complete details of the
 
consulting process, including schedules for meetings and conference calls, and other next steps.
        The all-star team of business consultants include: a former IRS agent and NCUA examiner with a law degree; a former CEO, COO, and President of several public and private companies with 25 years management experience in 6 industries; an inventor with 4 patents; a Fortune 1000 manager and software engineer that has worked with IBM, Time Warner, AT&T, and Pitney Bowes; a Yale graduate; and an MIT graduate with an MBA.

LIMITED TIME OFFER ONLY
Get Started Today!

        Apply for free consulting services from 40Billion.com by completing the form at www.40Billion.com/consulting . If selected, 40Billion.com will provide you up to 4 hours of FREE business consulting services (worth $2,500), starting as soon as this week!
        Wondering whether it is better to lease or buy, or confused about the difference between incorporating and forming an LLC? Questioning how to get the most out of your PR and ad budget, or just have some technical questions about building your web site? We are here for you! Get free advice from experienced professionals who can help you get your business to the next level. Apply now! http://www.40Billion.com/consulting (sign-in required)

40Billion.com Launches New Features to Help Small Businesses Find Funding

Innovative Tools Help Small Businesses Access Loans and Resources by Networking Online

ATLANTA, Georgia - July 28, 2009 - 40Billion.com (http://www.40Billion.com) launched new features to enable small business entrepreneurs to raise capital and access startup resources through friends, family, and others in their communities and social networks.

Most small businesses startups fail due to lack of adequate funding and resources, and there is a $40 billion gap in seed funding. By combining innovative tools with the power of the Internet, 40Billion.com aims to bridge the gap and enable millions more small businesses to succeed.

About half of all new businesses seek financing from the entrepreneur’s friends and family, but it can be difficult to communicate business ideas and to manage funding relationships with many people. 40Billion.com simplifies everything by enabling entrepreneurs to create business plan profiles and launch fundraising drives that are viewable anywhere via the Internet. And it is free to sign up and get started.

Entrepreneurs can broadcast their business ideas and funding requests to friends and family, even post them on popular social networking websites, and the service allows many people to make loans or gift contributions ($25 up to $10,000) in support of a business, while easily tracking and receiving notifications online.

Furthermore, lenders and borrowers may download a promissory note template, which they can use to formalize business loans in a more professional manner. Loan interest rates are negotiated between the lenders and borrowers, and 40Billion.com emails notifications when funding offers are received and reminders when payments are due.

As an incentive, entrepreneurs may offer product discounts and freebies in exchange for low- or no-interest funding and other much-needed resources. Soon, for added confidence, those providing the funding will be able to track how the entrepreneur spends the funds that are raised.

There are additional features available exclusively for members, including the ability to schedule online business plan presentations, an open database of service providers, a job board for posting and browsing startup jobs, and a discussion forum (a.k.a., The Elevator) where everyone can share ideas and tips about what works and what does not. Members can even follow a company as it progresses, by signing up to receive alerts whenever the entrepreneur posts company updates.

Advantages over banks and other lending websites

  • No credit score required: raise money for a business, while keeping personal finances and credit score private
  • Private profiles: protect ideas and limit viewing to invited participants only
  • $99,000 maximum: raise more funding than many other sites allow
  • Gift contributions: provide an additional funding option, besides loans
  • Targeted business network: leverage other entrepreneurs and lenders with similar interests to raise funding, find service providers, post jobs, and acquire customers
  • Spending tracker: lenders track how the funding is spent by the entrepreneur, in order to increase peace-of-mind, transparency, and accountability

Advantages over conventional friends-and-family loans

  • One-to-many: manage and track hundreds of relationships, transactions and communications at the same time; no need to make a hundred individual loan payments every month
  • Email reminders: get reminders automatically when payments are due, and get notifications when new company updates, transactions, or offers are posted
  • Public profiles: expand access to funding and resources by connecting with thousands of people who visit 40Billion.com every month
  • Targeted business network: leverage other entrepreneurs and lenders with similar interests to raise funding, find service providers, post jobs, and acquire customers
  • Spending tracker: lenders track how the funding is spent by the entrepreneur, in order to increase peace-of-mind, transparency, and accountability

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About 40Billion.com
40Billion.com helps entrepreneurs raise funding for new businesses through friends and family rather than through traditional financial institutions. Using the Internet-based service, entrepreneurs connect with their social network - friends, family, friends of family, colleagues, and others in their communities - to raise capital. 40Billion.com’s scalable platform facilitates the funding requests and transactions to make it easier for an entrepreneur to manage many funding relationships. 40Billion.com is patent pending. For more information, visit http://www.40Billion.com.

How to Raise Money and Funding Through Your Friends, Family, and Social Networks

Looking for funding to start a new business? Need to raise startup capital, but don't know where to go? In this article, we'll discuss the best way to increase access to funding by leveraging your social networks with thousands of friends and family.

There is a $40 billion gap in startup funding for American entrepreneurs every year! Furthermore, the economic downturn has led to a credit crunch (more like a crisis), in which banks and venture capitalists have reduced access to affordable funding. So where can hardworking entrepreneurs with innovative ideas go, if they don't have the money or resources to get started?

50% of small business entrepreneurs raise money through friends and family to fund the first phase of their startup. Many businesses get started with financing from the entrepreneur’s friends and family, but it is often difficult to manage these relationships.

So what steps should you take to raise funding for your business through friends and family? How can you increase your access to capital and resources by leveraging your social network?

STEP 1: TURN YOUR IDEA INTO A BUSINESS PLAN
In a recent poll of over 140 people, we found that a good business plan is the #1 most important factor in deciding whether to fund a friend’s or relative’s business. The best thing you can do as an entrepreneur to increase your chance of success is to turn your idea into a concise business plan or presentation. Download this business plan presentation template, which guides you to create your business plan presentation in just 13 simple PowerPoint slides.

STEP 2: CREATE A BUSINESS FUNDRAISING PROFILE ONLINE
After you’ve written a compelling business plan, you need to make sections of it available to your potential friends-and-family funders. Create a business profile online that everyone you know can easily access on the Web. The profile should provide insight into your vision and plan for the business, how much funding you need and why, what you have to offer funders in return (e.g., discounts on products or services you sell), and a memorable logo or video.

A few micro-finance (a.k.a. micro-lending or person-to-person lending) websites allow you to create your own profile page and use it for fundraising. For example, 40Billion is a social funding network, where entrepreneurs can create business fundraising profiles for free.

STEP 3: INVITE FRIENDS & FAMILY TO PARTICIPATE, SPREAD THE WORD
After you’ve created your business fundraising profile, broadcast it to everyone you know! Invite your friends, family, community members, neighbors, and others in your social network to view your business profile, contribute towards your funding target, and spread the word to their friends and family too. Share your profile on Facebook, LinkedIn, MySpace, and any other online social networking websites that your friends are on.

Chances are, you know at least 50 people that you can share your idea with and ask for support. The more people you share with, the better your chances of raising the funds you need. For example, imagine you need to raise $40,000, and you invite 40 friends and relatives to contribute $100 each, as a gift or a loan in support of your business. Each of those friends and relatives invites 40 more friends and relatives to contribute towards the $40,000 target. Together, 40 x 40 = 1,600 people helping to raise $40,000 for your business!

STEP 4: FOLLOW UP WITH A PITCH PRESENTATION
After you’ve sent out your initial invitations to all of your friends and family, follow up with everyone who shows any interest by scheduling a brief presentation and Q&A session.

Schedule a presentation (via online, telephone, or face-to-face) to provide more information about your business to potential friends-and-family funders. Invite these potential funders to watch, listen, and ask questions. Use the business plan presentation you created in STEP 1, and let potential funders see your vision and hear the passion in your voice to help them make the decision to support you.

STEP 5: USE MULTIPLE PAYMENT METHODS TO COLLECT FUNDS
Now that you have potentially thousands of people interested in funding your business, how do you make it easy for them to send you money and for you to track all the transactions?

A few business micro-funding websites facilitate fundraising by handling the transactions, so it is easier for an entrepreneur to manage having many funders (i.e., lenders and contributors). These websites enable the funders to transfer funds directly from their bank accounts or via credit cards to the entrepreneur, while making it easier for the entrepreneurs to track the transactions and how much is owed when.

STEP 6: KEEP IN TOUCH
After you get funded, what then? Be sure to thank your friends and family who supported you financially or helped you spread the word. Then, be sure to keep the lines of communication open by sending them regular company updates to let them know that their support has been put to good use, and you’re achieving those milestones that you set in your business plan.

These communications will go a long way toward maintaining good relationships with your friends-and-family funders, and they will be more likely to fund and support you again when you need more funding in the future!

ABOUT 40BILLION
40Billion helps entrepreneurs raise money for businesses through friends and family rather than through traditional financial institutions. Using the Internet-based service, entrepreneurs connect with their social network - friends, family, friends of family, colleagues, and others - to raise capital. 40Billion’s scalable platform facilitates the funding requests and transactions to make it easier for an entrepreneur to manage many funders. For more information, visit www.40Billion.com.

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40Billion.com "Priceless" Commercial

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40Billion.com Launches First Friends-and-Family Funding Network for Entrepreneurs

New Service Helps Entrepreneurs Raise Money Through Social Networks of Friends and Family

ATLANTA, Georgia - July 30, 2008 - 40Billion.com (http://www.40Billion.com) officially launched today as the first friends-and-family funding network for small-business entrepreneurs. The service enables entrepreneurs to raise capital through friends, family and others interested in helping the entrepreneur to succeed.

Unlike traditional bank loans and other person-to-person lending services, 40Billion.com does not require a credit report or minimum credit score and does not allow loan interest rates as high as 36%, which many small-business entrepreneurs cannot afford. Instead, the entrepreneur can raise money from people they know in exchange for discounts that they offer to those investors who become customers.

"40Billion.com is a great way for me to finance my startup,” said Dave Mack Jr., who is developing an online social network for theatre artists to connect and find work. “It helps me raise money affordably from many people I already know, and without worrying about ruining my relationships with them.”

Many businesses get started with financing from the entrepreneur’s friends and family, but it is often difficult to manage these relationships. 40Billion.com allows many investors to give small amounts of money and spread the risk. Furthermore, the service provides communication tools to increase transparency between the entrepreneur and her investors.

To obtain funding, an entrepreneur simply uses 40Billion.com to start a “Raise” (a fundraising profile) and invites friends, family and others in her social network to invest and contribute towards the funding target. 40Billion.com makes it easier for entrepreneurs to share their business ideas with friends and relatives, who may want to invest and help out. Furthermore, 40Billion.com handles all the transactions, so it is easier for an entrepreneur to manage having many investors. Raises are private, so potential investors must be invited by entrepreneurs or other investors.

"We are addressing a $40 billion gap in funding for small businesses, and our goal is to help all those hardworking entrepreneurs that have good ideas but don’t have the money or resources to get started," said Cornelius Colin McNab, Founder of 40Billion.com. "The economic downturn has led to a credit crunch, where banks and venture capitalists are tightening up, and entrepreneurs need alternative ways to gain access to affordable capital."

McNab, who is an inventor with three patents and holds an MBA from MIT and a degree from Yale, is confident that his company can bridge the funding gap by allowing ordinary people to become investors. “That’s how we got started. Investors contribute as little as $50 or $100 each, but these small investments really add up. If forty friends and relatives contribute $100 each, that’s $4,000 that the entrepreneur can use to incorporate a business, build a website, print business cards, lease space for three months, file a provisional patent, and create a prototype or sample inventory.”

Currently released as a beta version, 40Billion.com soon will offer more funding options (including loans), social networking features, and a unique rating system to enhance the quality of entrepreneurs and build investor confidence.

Advantages of 40Billion.com
- No credit report or sales history required
- Multiple funding options
- Private, invitation-only profiles
- Exclusive entrepreneur features, e.g., live presentations online
- Search-engine to find business resources
- Profiles with embedded videos and PowerPoint presentations
- Investors receive social returns, financial returns, and discounts

About 40Billion.com
40Billion.com helps entrepreneurs raise money for businesses through friends and family rather than through traditional financial institutions. Using the Internet-based service, entrepreneurs connect with their social network - friends, family, friends of family, colleagues, and others - to raise capital. 40Billion.com’s scalable platform facilitates the funding requests and transactions to make it easier for an entrepreneur to manage many investors. 40Billion.com is patent pending. For more information, visit http://www.40Billion.com.

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