Friday, August 31, 2012

Crowdfunding News 8/31


Crowdfunding News 8/31/12
 
Crowdfunding: Kickstarter vs. IndieGoGo
Huffington Post
If you're going to start a crowdfunding campaign you will inevitably come to the point where you will need to decide what platform to use. For my first project for my book series, I ended up raising over $35,000 on my own, without either Kickstarter or ...
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Whatever happened to crowdfunding?
Mass High Tech
When President Barack Obama signed the JOBS Act on April 5, including its provisions to allow for crowdfunding, I couldn't wait to see what effect the bill would have on the startup companies I write about every day. Unfortunately, I had to wait. I ...
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Mass High Tech
Watsi Is Using Crowdfunding To Treat The 1B+ Worldwide Without Access To ...
TechCrunch
... high-impact treatment for those who lack access to necessary care. Drawing on the recent explosion of crowdfunding, Watsi is applying a familiar model to a space in which crowdfunding is more unfamiliar: Global healthcare. While there are health ...
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Crowdfunding: Portuguese Artists in Survival Mode
PRI's The World
Luís Tinoco, a classical music composer in Lisbon, successfully tapped Portugal's first Internet crowdfunding network to raise the final few thousand euors needed to complete his first CD. (Photo: Monica Campbell). As Europe's economic crisis drags on, ...
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PRI's The World
Austin projects that collect Kickstarter capital
Bizjournals.com (blog)
Kickstarter Inc. officials say Austin is the seventh-most active U.S. city using its crowdfunding model to launch projects. Fifty-three local projects are seeking funding from Kickstarter, company officials said. Local entrepreneurs have secured ...
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Drown casts Matt Levett, launches crowdfunding campaign
Inside Film
Local feature film Drown has cast Matt Levett in the lead role and has launched an online crowd-funding campaign. The low-budget film, which will tackle themes of bullying and homophobia, aims to raise $100,000 in 65 days via Indiegogo. Levett is ...
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Thursday, August 30, 2012

Crowdfunding News 8/30/12


Crowdfunding News 8/30/12
 
First SEC Rulings Launch Crowdfunding with Accrediteds
Forbes
For everyone in the crowdfunding community, this long-awaited announcement is a positive and essential step towards the realization of the full vision of crowdfunding with accredited investors and everyday non-accredited investors alike.
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Crowdfunding to Take Off
FINS
The Securities and Exchange Commission yesterday outlined its long-awaited rules to allow start-ups easier access to funding, a move expected to boost job creation by small business. The proposed rules implement a provision of the JOBS Act signed by ...
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Kansas City Startup AudioAnywhere Launches Indiegogo Crowdfunding ...
Examiner.com
After successful beta testing in early 2012, AudioAnywhere, a Kansas City-based startup that simplifies the streaming music experience, has launched a crowdfunding campaign through one of the world's largest global funding platforms, Indiegogo.
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Amanda Palmer on Crowdfunding and the Rebirth of the Working Musician
RollingStone.com (blog)
Former Dresden Dolls singer-songwriter Amanda Palmer rocked the recording industry in May by raising nearly $1.2 million on the crowfunding website Kickstarter for her new album Theatre Is Evil, out September 11th. Her first studio album since 2008's ...
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RollingStone.com (blog)
Crowdfunding Casts A Wider Net Through The Internet
NY1
From expanding a business to raising money for a medical procedure, the Internet is making it easier for "crowdfunding," when people ask friends, family and sometimes complete strangers to pitch in some bucks. NY1's Money Matters reporter Tara Lynn ...
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NY1
Crowdfunding a startup: now open for investors (but only if you're accredited)
VentureBeat
Other sites such as Gambitious and Indiegogo would also be able to raise capital for startups with this rule change, but crowdfunding titan Kickstarter would not — unless it changed its community rules. Currently, Kickstarter is only for projects, and ...
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VentureBeat
An IPO for the 99 percent
Upstart (blog)
First Line doesn't have to wait for new rules to kick in allowing crowdfunding for equity in order to launch IPO Village, since it's selling shares in public companies. The SEC is expected to approve rules for private companies to sell shares online to ...
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Stronghold Crusader 2 and the Quest for the Holy Crowdfund
TheSixthAxis
Firefly Studios have just announced Stronghold Crusader 2 in partnership with Gambitious, a newly launched entry into the crowdfunding market place. So far Firefly have embarked on the development of this game without a publisher backing them. Freshly ...
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TheSixthAxis
Avril Lavigne Taps Invested.in For Crowdfunding Effort
socalTech.com
Singer/songwriter Avril Lavigne has tapped online software from Los Angeles-based startup Invested.in for a new crowdfunding campaign for her Avril Lavigne Foundation, according to Lavigne. According to Lavigne, she has launched the Rockstar Room, ...
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socalTech.com



Wednesday, August 29, 2012

Crowdfunding News


Crowdfunding News 8/28/12
 
Recommended: Uwingu's mystery crowdfunding campaign pledges support for ...
NBCNews.com (blog)
Uwingu's founders declared today that half of any money it raises beyond the initial amount sought through its IndieGoGo crowdfunding campaign would go to the SETI Institute to support its Allen Telescope Array in Northern California. "We don't have to ...
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Kickstarter is Punk as F*ck: Crowd funding in a DIY world
Dane101
Crowd-funding is basically getting a little bit of money from a lot of different people in order to finance an independent project. Kickstarter has been used by people to make CDs, films, software applications, video games and more. The New York Times ...
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Dane101
Is Crowd Funding the Next Step for Dance?
Jakarta Globe
When Emily Oleson first unveiled "Vaudevival," a dance piece addressing race and culture-stealing last October, she was a University of Maryland graduate student and putting on the show as part of her degree. Oleson had ready access to a cast of ...
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Jakarta Globe
The Idiot's Guide To Kickstarter, Written By Two Of Its First Stars
Co.Design
The duo behind the crowdfunding platform's first mega-success offer advice to would-be independent entrepreneurs. 0 Comments. 0. 0. This has been the summer of Kickstarter. Dozens of millionaires have been made on the crowdfunding platform this year, ...
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Co.Design
Crowdfunding platform launches introducer channel
Mortgage Introducer
The firm has recently launched and operates in the alternative finance sector. It provides an online platform that connects businesses looking for finance with investors looking to achieve strong returns. Businesses submit their funding requirements to ...
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Mortgage Introducer
Crowdfunding to help Phillipe Dubois make watches
WatchPro.com
... the company up to investors and shareholders through a crowdfunding scheme. Thomas Steinemann, the brand's new owner, has opened the crowdfunding to generate the necessary funds to produce a new collection, which will be go on sale next year.
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Securities-Based Crowdfunding Opens Under GATE-Crowdfunder Alliance
MarketWatch (press release)
NEW YORK, Aug. 29, 2012 /PRNewswire via COMTEX/ -- In response to today's ruling by the Securities Exchange Commission (SEC) to relax general solicitation for accredited investors under the Sunshine Act, GATE Global Impact has announced a strategic ...
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Crowdfunding Innovator Return on Change Announces Startup Contest Winners
MarketWatch (press release)
NEW YORK, NY, Aug 29, 2012 (MARKETWIRE via COMTEX) -- Crowdfunding innovator Return on Change (RoC) today announced the winners of its startup contest. The judges selected Maya Mountain Cacao, Sentimed Medical Corporation and Thankster ...
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Revolution leads way in asking the crowd for funds
Yorkshire Post
Revolution leads way in asking the crowd for funds. Published on Wednesday 29 August 2012 06:00. SOFTWARE developer Revolution is using crowdfunding to develop the latest instalment of its multi million-selling Broken Sword adventure game series.
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Crowdfunding Webinar for Entrepreneurs and Investors August 31st
PR Web (press release)
An informative webinar discussing the pros and cons of the new crowdfunding financing vehicle will be available to interested entrepreneurs and investors on Friday, August 31st at 10 a.m. PDT during the TriTech SBDC Freestyle Entrepreneur Forum.
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PROPOSED AMENDMENTS TO RULE 506 AND FORM D


The SEC is "proposing amendments to Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933 to implement Section 201(a) of the Jumpstart Our Business Startups Act. The proposed amendment to Rule 506 would provide that the prohibition against general solicitation and general advertising contained in Rule 502(c) of Regulation D would not apply to offers and sales of securities made pursuant to Rule 506, provided that all purchasers of the securities are accredited investors. The proposed amendment to Rule 506 would also require that, in Rule 506 offerings that use general solicitation or general advertising, the issuer take reasonable steps to verify that purchasers of the securities are accredited investors. The proposed amendment to Rule 144A(d)(1) would provide that securities may be offered pursuant to Rule 144A to persons other than qualified institutional buyers, provided that the securities are sold only to persons that the seller and any person acting on behalf of the seller reasonably believe are qualified institutional buyers. We are also proposing to revise Form D to add a separate check box for issuers to indicate whether they are using general solicitation or general advertising in a Rule 506 offering."

In summary, PROPOSED AMENDMENTS TO RULE 506 AND FORM D
A. Eliminating the Prohibition Against General Solicitation
B. Reasonable Steps to Verify Accredited Investor Status
C. Reasonable Belief that All Purchasers Are Accredited Investors
D. Form D Check Box for Rule 506(c) Offerings
E. Specific Issues for Privately Offered Funds

See: http://sec.gov/rules/proposed/2012/33-9354.pdf
SEC Open mtg agenda

The above is from the SEC's meeting on Rule 506 of Regulation D. This is an important provision that will allow small firms to raise up to $50 million under the JOBS Act. The result of the meeting is that a draft rule will be posted to the SEC website concerning the mechanics of this provision later today. 

Tuesday, August 28, 2012

Crowdfunding News


News 8/28/12
Couragent Set to Raise Growth Capital With Nation's First Legal Investment ...
Embedded.com
28, 2012 /PRNewswire/ -- Mobile scanner manufacturer Couragent Inc. is launching the nation's first equity crowdfunding solicitation for consumer investors, using the Small Company Offering Registration (SCOR) procedure to register and legally solicit ...
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Crowdfunding may be coming to alternative energy
Hydrogen Fuel News
Crowdfunding has become a popular tactic for many companies interested in introducing new technologies or products without having to rely on private investments from larger companies or taking out a loan. The concept is relatively simple: Encourage ...
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Hydrogen Fuel News
Crowdfunding to be focus of CSUB small business seminar
Bakersfield Now
Last year, more than $1.5 billion was raised worldwide through crowdfunding and that amount is increasing dramatically, according to Kelly Bearden, director of the CSUB SBDC and seminar presenter. The concept will offer an even greater potential for ...
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"When You're Slapped You'll Take it and Like It!" –– How To Crowdfund Like ...
Daily Crowdsource
Classic movies can teach us a lot about life and the world today. It seems they may be able to teach us a little something about crowdfunding, too. I recently went through quite a lengthy phase in which I was watching only Hollywood classics and film ...
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Daily Crowdsource
Thrive puts the 'fun' in crowdfunding
Alliance Blog (blog)
For burgeoning entrepreneurs, cash capital is the lifeblood of their business. Now the Charleston Area Alliance is helping startups by giving them an infusion of cash in a fresh and inventive way. Thrive is the Alliance's new crowdfunding initiative ...
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CMF Launches Research on Crowdfunding
mediacaster
Crowdfunding is the raising of funds through the collection of small contributions from the general public (known as the crowd) using digital platforms including the Web, mobile and social media. Now, the Canada Media Fund has released a new study ...
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Dragons' Den Alumni Turns to Crowd Funding site Indiegogo
Techvibes (blog)
... is either no installation required or an easy, minor, and non-technical installation that can be performed by anyone. To kick-start their launch Emblm has started an Indiegogo crowd funding campaign to raise $50,000 in 50 days for production equipment.
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Glif and Cosmonaut creators Studio Neat publish book on crowdfunding and ...
The Next Web
Glif and Cosmonaut creators Studio Neat publish book on crowdfunding and launching an indie hardware brand. 28th August 2012 by Matthew Panzarino. cosmo_books-520x245. If you're not familiar with the Glif tripod mount for iPhone and the Cosmonaut ...
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The Next Web
Reddit Donate launches for nonprofit crowdfunding: 'no gimmicks, no tricks ...
The Verge
Reddit certainly has its horrors, but the community has also used its powers for good, spreading knowledge and speaking out on important issues that affect millions. Today, e-payment network Dwolla announced the creation of Reddit Donate, a service ...
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Crowd Funding appeals to investors
Fresh Business Thinking
Crowd Funding appeals to investors. Share. 28/08/2012. By Claire West £72bn could be injected into the UK economy thanks to seven in ten Brits willing to invest in British business. The average saver is prepared to invest £2,080 into businesses who are ...
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Monday, August 27, 2012

Crowdfunding News 8/27/12


Crowdfunding News
 
Week in Review: Crowdfunding, Africa and Hot Potatoes
Business Insider
Has the PE world become isolated? Compared with historical trends, PE shops have been mostly trading among themselves in the last few years. It also appears that PE firms have been sitting on their portfolio companies for longer than usual. It may not ...
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StartupValley Sponsors Crowdfunding Bootcamp for Entrepreneurs
The Herald | HeraldOnline.com
27, 2012 — /PRNewswire/ -- StartupValley will attend Crowdfunding Bootcamp and the First Annual CfPA National Conference on Oct. 9-11, 2012 at the Ravella Resort and Spa in Lake Las Vegas, NV. The event will combine conference style speaking with ...
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Small Businesses Turn to Crowdfunding to Find Investors
HispanicBusiness.com
When Grandview Theatre owner David Nedrow recently decided he needed a new marquee to grab the attention of potential moviegoers, he developed a plan for the look and size of the sign. But there was a problem: He didn't have the money for it.
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HispanicBusiness.com
Balance of the Planet — Crowdfunding Opportunity!
CleanTechnica
Kickstarter is the venue for my effort; it's a website that provides "crowd-funding" — people can contribute money to worthy projects. For the uninitiated, here's how it works: I prepare a project proposal and post it on Kickstarter. People can look ...
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'Armada Online' Still In Development, Seeks Crowd Funding - Screens
WorthPlaying.com
'Armada Online' Still In Development, Seeks Crowd Funding - Screens. by Rainier on Aug. 27, 2012 @ 2:55 a.m. PDT. Armada Online is a multiplayer action RPG, where you explore a universe that is dense with life and color. You command a single starship ...
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iCrowd Names Juan Carlos Martinez as Director of Marketing
Sacramento Bee
RYE, N.Y., Aug. 27, 2012 -- /PRNewswire-iReach/ -- iCrowd, a web-based Investment Crowdfunding platform for ordinary individuals to invest in small businesses, is proud to announce it has hired Juan Carlos Martinez as its new Director of Marketing.
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[Crowd Leader: Jonathan Moyal] Why Cloning Can Kill Crowdfunding
Daily Crowdsource
Crowdfunding is hot right now. You know it – you wouldn't be reading this website if you didn't. Everyone is talking about it. Whether it's the JOBS Act or good ol' fashion Kickstarter-style, everyone wants to get in on the craze. The easiest way is to ...
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Daily Crowdsource
Digital Living - crowd funding
ABC Local
It's called crowd funding and that's what the Digital Lving team explores in this edition. Print page; Email this · Permalink. Share. To view this media, please enabled Javascript in your browser setttings. Download this mp3 file. Digital Living ...
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Couple Trying to Resurrect Fenton Cinema
Patch.com
Their are several popular Crowdfunding websites operating under the guidelines of the recently passed bill and the LaFountains chose Peerbackers.com as their Crowdfunding source to work through. "The great thing about Peerbackers.com is that all of the ...
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Paid-For Social Net App.net Gets Its First Mobile App
Fast Company
App.net hit the headlines recently as it beat its crowdfunding goal and successfully launched as a paid-for alternative social media app like Twitter, but lacking adverts. Now it's gone mobile as an app called HooHa, courtesy of app makers TheModernInk ...
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Sunday, August 26, 2012

Crowdfunding


Crowdfunding News
 
Crowdfunding shows Te$la still has lots of juice
New York Post
A six-figure surge of crowdfunding cash has turned electric and will soon bring a Nikola Tesla museum to Long Island. An Indiegogo fundraiser started by Seattle comedian Matt Inman to buy land for the museum brought in more than $870,000 between Aug.
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New York Post
As Kickstarter and other crowdfunding sites grow, so does scrutiny
Denver Post
Not exactly the best batting average, but it is the nature of crowdfunding, where online donors pledge as little as $1 to help kick-start an artist or entrepreneur's sometimes far-flung idea. In return, they get a virtual high-five and, in most cases ...
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More than $136K raised for projects by Fort Collins crowdfunding website
The Coloradoan
Jacob Castillo, right, rear, shows Bill DeMarco, Sergey Mamatsiuk, and Joe Garreston, how a Panda Bike is made Thursday. Panda is using Community Funded in an effort to expand its apparel line. / V. Richard Haro/The Coloradoan ...
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Small businesses like the Grandview Theatre turn to 'crowdfunding' to find ...
Columbus Dispatch
Not in the fast-developing era of "crowdfunding." Crowdfunding involves raising money through many small pledges of cash online. One of the most popular vehicles for accomplishing that goal is through the website Kickstarter. Since its launch in April ...
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Columbus Dispatch
Is Pixate astroturfing Kickstarter?
The Next Web
The problem with crowdfunding: Is Pixate astroturfing Kickstarter? 26th August 2012 by Benjamin Jackson. mobile. Pixate is trying to make native mobile development easier. The company's Kickstarter campaign to fund initial development recently passed ...
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The Next Web
If it walks like a Little Duck ...
Crain's New York Business
Crowdfunding, or crowdsourcing, has generated a lot of buzz as websites like Kickstarter link musicians and filmmakers with those willing to finance their pet projects. But the JOBS Act promises to take this activity to a new level by allowing small ...
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Crowdfund interplanetary warfare, a voice-activated computer, and a surreal ...
io9
Crowdfund interplanetary warfare, a voice-activated computer, and a surreal short by Jodorowsky's Adan Jodorowsky wants to take you on a magical tour through mythical Miami where a husband searches for his wife's lost voice. A voice activated home ...
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--
My new book: The JOBS Act: Crowdfunding for Small Businesses and Startups
http://www.amazon.com/The-JOBS-Act-Crowdfunding-Businesses/dp/143024755X

Also see our crowdfunding webinar: jobsact.eventbrite.com