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CONSUMER PRODUCTS & SERVICES | Household / Tools, Lawn & Garden
cuz-d.com

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Stage

Unattributed | Alive

Total Raised

$350K

Last Raised

$350K | 6 yrs ago

Revenue

$0000 

About CUZ-D Industries

CUZ-D Industries is the designer of the Straight Flush Saw, made of lighter magnesium materials and offering more versatility and functionally over any existing saw on the market today.

CUZ-D Industries Headquarter Location

5707 Lacey Blvd SE #108

Lacey, Washington, 98503,

United States

253-752-8355

Latest CUZ-D Industries News

Why no companies have yet been able to use Washington’s 2-year-old crowdfunding law

May 13, 2016

Contractor and electric saw designer Jake Cuzdey of Cuz-D Industries is pictured with his… more BUSINESS JOURNAL PHOTO | Anthony Bolante Not a single company has been able to use Washington’s 2-year-old crowdfunding law and a federal version – which goes into effect on Monday – is unlikely help the situation. That’s the subject of this week’s cover story “Crowdfailure. " Lacey entrepreneur Jake Cuzdey and business partner Mark Lunde have spent nine months and thousands of dollars in lawyer’s fees trying to use the state’s mechanism for crowdfunding, which allows entrepreneurs to raise small amounts of money from a large number of investors. It’s similar to websites Kickstarter and Indiegogo, but investors buy equity instead of products or rewards. Contractor and electric saw designer Jake Cuzdey of Cuz-D Industries is pictured with his… more BUSINESS JOURNAL PHOTO | Anthony Bolante So far, Cuzdey’s company Cuz-D Industries – which makes a six-in-one saw – has nothing to show for it. Meanwhile, 30 other states have similar – and, in many cases, more successful – crowdfunding mechanisms. Oregon, for example, has crowdfunded 17 companies in little more than a year since the state passed crowdfunding rules. I first covered Washington’s crowdfunding effort two years ago from Olympia. Congress had passed the federal Jumpstart Our Business Startups Act years earlier, and entrepreneurs were still waiting for the U.S. Securities and Exchange Commission to issue rules. Washington’s law was supposed to make crowdfunding accessible to entrepreneurs sooner. It’s been two years since then, and though it will be more expensive, entrepreneurs will likely be able to raise money through the federal version before they'll be able to use Washington’s law. Here, only two companies have started the long pre-approval process. That process is what many say is the law’s biggest barrier. Most of the successful state crowdfunding mechanisms don’t have such a process – the federal version doesn’t either. Subscribers can read this week's cover story to find out more about Washington's crowdfunding law, why it isn't as successful as Oregon's and what a solution would mean for the Puget Sound region's economy. Ashley Stewart covers technology and finance for the Puget Sound Business Journal. Related Content

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