Sharestates Gives Back
S
harestates began and participated in
Sunrise Gala: Michael Ramin & Raymond Y. Davoodi Shaving Sunrise Board Member David Miller’s famous hair and handle bar mustache.
a similar challenge to raise money for
a charity near to the executive team - The Sunrise Association, an organization that supports children with cancer around the world through day camps and in-hospital programs.
All players and spectators, made donations to charity. Pictured are Nicki Chadi and Eileen Davoodi (left to right)
To raise money and bring Long Island community members together, Sharestates has taken part in charity galas and hosted
Left to right: Bijan Nassi, Radni Davoodi, Sam Simani
poker tournaments. In addition to the galas and poker nights, this year the company challenged one of the Sunrise Association board members to shave off their iconic and beloved mustache for a sizable donation. Through the challenge, Sharestates encouraged community members to join in and increase the donation. It resulted in over 500 donations totaling in $1 million.
Left to right: David Zar, Michael Ramin, and David Miller
ethically righteous, but to ensure that they do not
works to generally raise public awareness and
ABOUT THE AUTHOR
is the demand of the highest player in the indus-
can reveal an opportunity from the crowd.
Allen Shayanfekr is the CEO of Sharestates.com. He is currently admitted to practice law in NY and CT. His legal expertise in securities and real estate law are paramount to Sharestates’ ability to promote and produce public and private offerings in a highly regulated space. Allen interacts regularly with the Securities and Exchange Commission, in addition to spearheading daily operations at Sharestates. His superior knowledge in real estate marketplace lending has landed him multiple speaking and thought leadership positions at the country’s top events and in major publications. Prior to launching Sharestates, Allen joined the Atlantis organization as their National Title Producer, holding approximately 28 Producer’s Licenses across the Country. Allen received his J.D. Magna Cum Laude from Touro Law Center where he graduated in the top 6% of his class and his B.A. in Political Science from New York University.
fall behind in this millennial driven world. If CSR try, then CSR is what is needed for companies to
engagement and increase a market reach that Following that, rather than just large com-
continue to prosper.
mercial banks having their hands in the funding
crowdfunding attributes into their CSR business
much more democratically diverse access to cap-
Companies that have been implementing
strategy have come to realize that this tactic
helps leverage technology to expand funding
opportunities and to collect different fields of expertise while increasing transparency. For example, the money raised for the Sunrise
Association was a direct result of the power of crowdfunding and how it can bring communities together for a common cause. Beyond
the scope of just funding, crowdfunding also
of a certain business, crowdfunding produces a ital. Crowdfunding platforms provide a unique space, where CSR can interact with donors,
employees, customers and local communities. Crowdsourcing has the ability to go beyond
just funding; it also helps to be beneficial for a company’s over CSR strategy. A true analysis
of this phenomenon for a CSR perspective can
have extremely beneficial results for changing a company’s culture and business model. ■
THE HISTORY OF CROWDFUNDING
2013: 34 PRIVATE LENDER
SYNDICATEROOM becomes the first equity crowdfunding platform in the U.K. to allow the crowd to co-invest in professionally led opportunities.