Startup Profile: Crudefunders

“Your last name no longer has to be Hunt or Perot to invest in oil,” says Crudefunders CEO David Taylor. “Now, anyone with $1,000 to invest can buy equity in oil and gas.”

Crudefunders is an equity crowdfunding platform that allows direct investment in oil well drilling projects. Small, unaccredited investors can invest up to $5,000 into multiple Crudefunders’ projects listed on the general site to gain equity in those companies.

It’s ironic that a company set to disrupt oil investing in Texas began in a dog park! While watching their dogs frolic, David Taylor and Allan Fine built a relationship over many months.

“Eventually, we figured out we liked each other and decided we wanted to do business together,” laughs David. “A Harvard attorney friend told me to RUN away. But, that made me hungrier. After extensive research, Allan and I decided this thing had legs. That same attorney has since decided to put money into the project after seeing how much we have accomplished!”

Thus, Crudefunders’ was born. David and Allan built a top-notch team of seasoned industry experts who bring more than 100 years of combined experience in oil and gas. Some are second and third generation Texas oil men.

What makes these leaders different is that they are all strategic investors who have put their own money at stake in the company’s success. They only win if their investors win.

The company is built on a foundation of transparency. Crudefunders.com offers investors reports and even videos providing information typically restricted to industry experts. Investors have the tools and data they need to make informed decisions.

Unlike Big Oil, Crudefunders takes a lifestyle approach to oil investing. “The Rig,” a mobile investment center is touring Texas, bringing investors onboard and creating a social community. Investors can even get a referral bonus for each investor they bring in.

“Crudefunders are like rock stars in west Texas,” says David. “Guys can finally own a piece of a well where they work day after day.”

Crudefunders investors must be residents of Texas and can invest no more than $5000 per project. If the well is successful, investors can expect a quick return, often in the first year, and years of return-on-investment. The opportunity is made sweeter because the initial investment can be tax-deductible as an energy investment.

Crudefunders launched in anticipation of Texas passing the Intrastate Crowdfunding Exemption in November 2014, following the Federal government’s JOBS Act passed in 2012. They are the first equity based oil and gas crowdfunding company to allow non-accredited investors to be approved for a portal in the state of Texas, and one of only two approved companies statewide.

Website: http://www.crudefunders.com/
Twitter: @CrudeFunders
Facebook: https://www.facebook.com/crudefunders

 

(Image credit: Crudefunders)

Gretchen Martens
Gretchen@TheVeteranLady.com

A visionary leader and foresight strategist, Gretchen helps leaders consciously manage complexity as they transform their organizations and communities. Her approach is consistently transdisciplinary and systemic with a focus on emerging opportunities, national/global trends, and risk mitigation. As a trained anthropologist and educator, Gretchen brings a unique skillset to creating, managing, and aligning socio-cultural impact. A professional coach and challenge course facilitator, she has significant experience working with CEOs and executive teams. Her Ph.D. advisor described her as “one of the most intellectually gifted students" she ever taught. Since 2009, Gretchen, affectionately known as “the Veteran Lady,” has worked on future focused issues using America's resolve not to recreate the long-term outcomes of Vietnam as a catalyst to frame a new social contract that bridges the military-civilian divide, strengthens community, and enhances homeland security. She is a passionate advocate for the importance of community mobilization as the most reliable safety net to prevent America from losing another generation of young veterans and their families. She speaks and consults nationally with a focus on improving community systems to support post-9/11 military/veterans in transition in a way that strengthens community, saves money in local government, and creates economic growth on Main Street. MG James Kelley, U.S. Army (retired), once said, “Gretchen knows more about what it’s like to return home from combat than anyone I know who has never been in combat.” As a committed futurist, Gretchen is always open to new opportunities to nurture future global leaders and engaged citizens who recreate our grandchildren’s future through compassionate leadership, effective communication, relationships of trust, and interdependent teamwork.