Early Growth Financial Services Adds New Crowdfunded Companies to Growing Client Base

San Francisco, CA (PRWEB) May 03, 2013

Early Growth Financial Services, (EGFS), an accounting and financial services firm that specializes in providing outsourced support to early-stage companies, is announcing that they have recently added to their growing client list such niche crowdfunding companies as Indiegogo and successfully crowdfunded companies such as OUYA.

“In addition to signing on these most recent crowdfunded clients, everyday I’m meeting with new potential clients who have received their first rounds of funding and now require financial expertise to help manage these new funds,” said David Ehrenberg, CEO of EGFS. “More and more of these companies are funded by crowdsourcing. One great example of the power of crowdfunding is our new client OUYA, an Android-powered gaming console, which achieved massive levels of success with their Kickstarter campaign, raising $8.5 million. This isn’t something you would have seen back in 2008 when I first started EGFS. Now the capital is flowing directly to companies that need and deserve funding.”

According to Scott Jordan, of S. Jordan & Associates (SJA), a life sciences investment banking and business development consultancy, “Crowdfunding works by democratizing the flow of capital to promising start-ups; meaning investors of means (accredited investors) have the opportunity to participate in an asset class that was previously limited, and have the opportunity to diversify their holdings in this asset class as part of their overall asset allocation to minimize risk.”

http://www.digitaljournal.com/pr/1225896