Tuesday, January 29, 2013

CrowdfundingNews 1/29/13


Crowdfunding 
News 1/29/13
 
P&G Taps Crowdfunding Site to Scout for Startup Brands
Businessweek
For small companies selling consumer products like makeup or snack food, a partnership with a big multinational company can mean the difference between obscurity and becoming a household name. How does a small brand get a behemoth's attention?
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Why the Next Hit Video Game May Be Crowdfunded
TIME
In his project video on the crowdfunding website, Schafer did not promise fans the greatest game of all time. He didn't even guarantee the game would be good. "Either the game will be great, or it will be a spectacular failure caught on camera for ...
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16 Innovative Ways to Use Crowdfunding for Education
Innovation Excellence (blog)
With success stories like a 3 million dollar crowdfunding on the Kickstart platform for the video game, Double Fine Adventure, the trend is catching on fast. And with less restrictions supported through recent laws, such as the JumpStart Our Business ...
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Developing Social Impact Through Crowdfunding in Latin America
Crowdsourcing.org
Editor's Note: The following comes to us from Georg Neumann, a communications specialist at the Multilateral Investment Fund (MIF) of the Interamerican Development Bank. MIF is exploring the potential of crowdfunding in Latin America, and it has ...
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Galveston to host crowdfunding cruise
Houston Business Journal (blog)
However, Dobyns, who is the Houston-based CEO of four different crowdfunding platforms, explained that the cruise is more of a gathering of crowdfunding experts. These include lawyers, angel investors, accountants and venture capitalists. There may be ...
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Universal Integrated Bike Lock Crowdfunding Project
Marketwire (press release)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2013) - The InterLock™ is a seat post with bike lock inside of it. This bike lock is an integrated lock that hides inside of the frame of virtually any bicycle. While the lock is not in use, it is ...
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Q&A: Lorenz 2.0 Owner Turns to Crowd Funding in Effort to Keep Store Going
Patch.com
Crowd funding is a relatively recent Internet fundraising method invented in the last decade and popularized in the last few years by sites like Kickstarter, Microventures, and Indiegogo, where charities, causes, businesses, or passionate groups and ...
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Crowdfunding for Cars, Rudy Keynote at Affiliate Summit, and Playing Wii on a ...
FeedFront Magazine
This week on the Affiliate Thing podcast (listen to the latest Affiliate Thing), Lisa Picarille and Shawn Collins talked about crowdfunding cars, pictures and videos from Affiliate Summit West 2013, and the upcoming Performance Marketing Summit. They ...
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Money Bomb for Women Filmmakers: Crowdfunding Platforms
Huffington Post
Hopefully gone are the days when filmmakers raised funds for their films by any means necessary -- medical experiments (El Mariachi, Robert Rodriguez), credit cards (Hollywood Shuffle, Robert Townsend) and family and friends (Kissing Jessica Stein, ...
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Indie Developers Turn to Crowdfunding to Save Homeworld Series
TechnoBuffalo
One of the forgotten victims in the whole THQ auction mess was the Homeworld series. I have to admit, it completely slipped under my radar as well. I know the series and the games, but I was unaware of THQ being the owners. At any rate, nobody decided ...
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--
Facebook: https://www.facebook.com/CrowdfundingBook and https://www.facebook.com/wmcunningham
Twitter: @CreativeInv

My new book: The JOBS Act: Crowdfunding for Small Businesses and Startups
http://www.apress.com/9781430247555

Also see our crowdfunding webinar: http://crowdfundingclass.eventbrite.com/
and
http://www.udemy.com/how-to-crowdfund/

Creativeinvest.com
Minorityfinance.com
Minoritybank.com
DiversityFund.net
Creative Investment Research, Inc.

http://about.me/wmc
Skype: william.michael.cunningham

866-867-3795

"A candle loses nothing by lighting another candle"

This communication (including all pages in this email and any attached document) are for the sole use of the intended recipient and may contain confidential information. Unauthorized use, distribution, disclosure or any action taken or omitted to be taken in reliance on this document is prohibited, and may be unlawful.  By inadvertent disclosure of this document Creative Investment Research, Inc. and William Michael Cunningham do not waive confidentiality privilege with respect hereto. This writing/publication is a creative work fully protected by all applicable copyright laws, as well as by misappropriation, trade secret, unfair competition and other applicable laws. No copyright is claimed in the text of statutes, regulations, and any excerpts from others' reports or articles quoted within this work. Copyright©2012 by William Michael Cunningham and Creative Investment Research, Inc. All rights reserved – including the right to reproduce in whole or in part in any form.

Monday, January 28, 2013

BlackGirlsHack, BlackGirlsCode, and Black Women in Computing (BWiC)

NewMe Community Meetup, Washington, D.C.
December 16, 2012
Something very interesting is going on.

The growth in the number of computer technology and programming groups launched by African American females is nothing short of amazing. In the past year, BlackGirlsHack, BlackGirlsCode, and Black Women in Computing (BWiC) have gained significant traction. Interest in minority tech firms has been growing and African American females are leading the charge.

For those of you not familiar with these efforts, let me note that BlackGirlsHack seeks to "bring the black tech community around the country, to help black founded startups and non-profits develop the mobile and web apps that they need to take their businesses to the next step, and to benefit a local non-profit with the proceeds from our events." Black Girls Code wants "to empower young women of color between the ages of 6-17 to embrace the current tech marketplace as builders and creators," and Black Women in Computing "is an online community created to provide online support, resources and to increase the number of black women in computing."

Signals that this is significant are visible. For example, eighty percent of the attendees at a recent meeting for the NewME Accelerator Project were African American females. The NewMeAccelerator works to "accelerate, educate, and empower underrepresented tech talent around the world." Of course, it is quite natural that NewMe have an affinity for African American females. It was founded by one, Angela Benton.

Unfortunately, the capital needed to support these companies is absent. As has been noted before, the performance of venture capital firms in financing high potential tech firms run by African Americans in general and African American females in particular, is abysmal. According to one source, "Venture capitalists invested $6.5 billion in 890 deals in the third quarter of 2012, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters." My research shows that very few of these dollars went to companies founded by or headed by African American females.

This may reflect a lack of minority participation in the industry. The National Venture Capital Association (NVCA) looked at the demographics of the venture capital industry and found the industry to be 87 percent white, 9 percent Asian, and 2 percent black or Latino.

Given the increase in activity by tech savvy African American females, I think the crowdfunding provisions of the JOBS Act provide an opportunity to raise startup capital from a community of supportative small scale investors, without having to go through venture capital firms. Crowdfunding is "Open Source Financing". It allows firms to raise money using the internet to efficiently and effectively manage the capital raising process, without needing to seek funding from organizations that have, though their employment practices and business funding track record, shown themselves to be biased. The crowdfunding provisions of the JOBS Act allow start-up and other companies to sell up to $1 million in equity, or ownership shares, in their business.

The potential benefit to these African American women run firms, and to the country, is huge.
________________________________________________
William Michael Cunningham is an economist and social investing advisor. He is the author of The JOBS Act: Crowdfunding for Small Businesses and Startups. http://www.amazon.com/The-JOBS-Act-Crowdfunding-Businesses/dp/143024755X

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Friday, January 25, 2013

Crowdfunding News 1/25/13


Crowdfunding News 1/25/13
Three awesome crowdfunding projects going on now
Boston.com (blog)
From an adorable puppy Facebook game to fresh produce for everyone, these local crowdfunding projects on Kickstarter and Indiegogo offer a little of something for everyone. Fresh Truck. What they do: Convert an old schoolbus into a mobile farmers ...
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Solar Crowdfunding Startup Lets Ordinary Investors Own A Piece Of The Sun
Forbes
Solar Crowdfunding Startup Lets Ordinary Investors Own A Piece Of The Sun. This story appears in the February 11, 2013 issue of Forbes. comments, called-out. Comment Now. Follow Comments Following Comments Unfollow Comments. Comment Now ...
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Forbes
Crowdfunding Helps Bring Xconomy to Colorado; Now Writers Needed
Xconomy
If you've spent much time in the Colorado back country, you probably remember feeling a profound sense of elation that comes after hours of relentless upward hiking, when you finally reach the summit and a panorama of the Rocky Mountains opens around ...
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Crowdfunding platforms gather at starting line
Silicon Valley Business Journal
One indication that crowdfunding of startups will explode once the Securities Exchange Commission approves rules for the industry: There were nearly 8,000 URLs with "crowdfunding" in their name, up from less than 900 at the start of 2012, as of Nov. 30.
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Crowdfunded project launched in Galápagos
pv magazine
Crowdfunding is emerging as an increasingly common tool for funding small to medium sized photovoltaic arrays. In the latest example Yosef Abramowitz, President of Israel's Arava Power, has launched the campaign through his Energiya Global project, ...
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pv magazine
Equity Crowdfunding Stalls
Practical Ecommerce
One advantage of the broker dealer partnerships with crowdfunding sites is that if the funding is open only to accredited investors, the size of the raise can be anywhere from $100,000 to $5 million. In contrast, the equity crowdfunding law restricts ...
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Announcing the 2nd Annual Global Crowdfunding Convention and Bootcamp
San Francisco Chronicle (press release)
Crowdfundingroadmap and NowStreet Media are pleased to announce the The 2nd Annual Global Crowdfunding Convention and Bootcamp. Comprised of the largest gathering of industry professionals, this year's convention is designed to provide ...
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Mary Jo White to Lead SEC: Crowdfunding Implications?
Crowdsourcing.org
President Barack Obama nominated Mary Jo White, a former federal prosecutor, to chair the Securities and Exchange Commission (SEC) earlier today. White first rose to national prominence in 1993, when she became the U.S. attorney for the Southern ...
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Crowdfunding Platform EarlyShares Launches University to Educate Investors ...
Crowdsourcing.org
EarlyShares , America's premier equity-based Crowdfunding platform, is excited to announce the launch of EarlyShares University to educate investors and business owners on Crowdfunding best practices and industry trends. The company will release an ...
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--
Facebook: https://www.facebook.com/CrowdfundingBook and https://www.facebook.com/wmcunningham
Twitter: @CreativeInv

My new book: The JOBS Act: Crowdfunding for Small Businesses and Startups
http://www.apress.com/9781430247555

Also see our crowdfunding webinar: http://crowdfundingclass.eventbrite.com/
and
http://www.udemy.com/how-to-crowdfund/

Creativeinvest.com
Minorityfinance.com
Minoritybank.com
DiversityFund.net
Creative Investment Research, Inc.

http://about.me/wmc
Skype: william.michael.cunningham

866-867-3795

"A candle loses nothing by lighting another candle"

This communication (including all pages in this email and any attached document) are for the sole use of the intended recipient and may contain confidential information. Unauthorized use, distribution, disclosure or any action taken or omitted to be taken in reliance on this document is prohibited, and may be unlawful.  By inadvertent disclosure of this document Creative Investment Research, Inc. and William Michael Cunningham do not waive confidentiality privilege with respect hereto. This writing/publication is a creative work fully protected by all applicable copyright laws, as well as by misappropriation, trade secret, unfair competition and other applicable laws. No copyright is claimed in the text of statutes, regulations, and any excerpts from others' reports or articles quoted within this work. Copyright©2012 by William Michael Cunningham and Creative Investment Research, Inc. All rights reserved – including the right to reproduce in whole or in part in any form.

Friday, January 18, 2013

CrowdfundingNews Jan 18, 2013


Crowdfunding News 1/18/13
Will Crowdfunding Change the Face of Consumer Electronics?
Forbes
Money At this year's Consumer Electronics Show (CES) a number of companies showed wares developed using the crowdfunding finance model popularized by Kickstarter, Indiegogo, and a variety of other firms. Some of these devices were recently ...
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Forbes
Warning: "Get Rich Crowdfunding" Might Not Be a Legit Business
Gizmodo
The WSJ reports that the rapid increase in crowdfunding websites comes from the Jumpstart Our Business Startups ("JOBS") Act signed into law last spring. The law changes existing rules so that private startups can raise up to $1 million a year from ...
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Crowdfunding Property Deals on Horizon With U.S. JOBS Act
Bloomberg
New U.S. securities laws intended to help startup companies raise money are poised to benefit real estate investors as well, allowing individuals to buy stakes in offices and other commercial buildings once off limits to them. The Jumpstart Our ...
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Caribbean Crowdfunding Cruise 2013
Crowdsourcing.org
Summary Robert Dobyns, CEO of Conzortia Business Funding, Inc. announced today that they will be hosting their first annual crowdfunding cruise aboard Carnival Cruise Lines Triumph, sailing from Galveston, Texas to Cozumel, Mexico. Description "The ...
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Crowdfunding: crowding in or crowding out?
Real Business
Crowdfunding is the process by which large numbers of private individual funders are connected through a web-based platform to projects and businesses that need funding, typically at a relatively early stage. Such funding covers a wide spectrum from ...
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Kickstart this: What worked in 2012 crowdfunding
DVICE
Kickstarter has helped a lot of people make a lot of things, and money. The Economist has put together a chart detailing the success rate, total money raised and the average pledge. The catalog of the crowdfunding site's successes provides some insight ...
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DVICE
Lights, camera, crowdfunding: how films are made Pozible
Crikey
US crowdfunding has matured to the point where it is becoming a significant funder of small and medium-sized projects, including feature films. Perhaps the best-known success story is pioneering climate change documentary maker Franny Armstrong, who ...
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Crikey
Cellanyx tries crowdfunding a better way to screen for prostate cancer
MedCity News
Even before the U.S. Preventive Service Task Force recommended against regular PSA testing for healthy men, the market for prostate cancer diagnostics was bustling. An estimated 2.5 million men are living with prostate cancer, but only 25 percent to 35 ...
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2013 Dodge Dart Registry: Kickstarter-Like Crowdfunded Purchasing
The Car Connection
Launching January 20 with a new commercial during the NFL's NFC championship game, and backed by crowdfunding service RocketHub, the Dodge Dart Registry allows interested Dart shoppers to register and then receive donations from, presumably, ...
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The Car Connection
Climate science projects seeks crowdfunding through Kickstarter
Greener Ideal
Climatologist Jason Box at the Byrd Polar Research Center at Ohio State University is hoping to use Kickstarter to raise $150,000 over the next months for his Dark Snow Project, to help finance an expedition this summer to the "ice dome" of Greenland.
See all stories on this topic »


Facebook: https://www.facebook.com/CrowdfundingBook and https://www.facebook.com/wmcunningham
Twitter: @CreativeInv

My new book: The JOBS Act: Crowdfunding for Small Businesses and Startups
http://www.apress.com/9781430247555

Also see our crowdfunding webinar: http://crowdfundingclass.eventbrite.com/
and
http://www.udemy.com/how-to-crowdfund/

Creativeinvest.com
Minorityfinance.com
Minoritybank.com
DiversityFund.net
Creative Investment Research, Inc.

http://about.me/wmc
Skype: william.michael.cunningham

866-867-3795

"A candle loses nothing by lighting another candle"

This communication (including all pages in this email and any attached document) are for the sole use of the intended recipient and may contain confidential information. Unauthorized use, distribution, disclosure or any action taken or omitted to be taken in reliance on this document is prohibited, and may be unlawful.  By inadvertent disclosure of this document Creative Investment Research, Inc. and William Michael Cunningham do not waive confidentiality privilege with respect hereto. This writing/publication is a creative work fully protected by all applicable copyright laws, as well as by misappropriation, trade secret, unfair competition and other applicable laws. No copyright is claimed in the text of statutes, regulations, and any excerpts from others' reports or articles quoted within this work. Copyright©2012 by William Michael Cunningham and Creative Investment Research, Inc. All rights reserved – including the right to reproduce in whole or in part in any form.

Thursday, January 17, 2013

Crowdfunding today 1/17/13


Crowdfunding News 1/17/13
'Dark snow' project turns to crowdfunding
The Guardian (blog)
There is already much excitement in the arts, media and beyond about the potential of crowdfunding - via sites such as Kickstarter and IndieGoGo – to finance projects that might others have remained an unfulfilled dream. To date, though, few scientific ...
See all stories on this topic »
Crowdfunding Social Enterprises for the Greater Good
Crowdsourcing.org
Last month, crowdfunding portal Crowdfunder launched a new effort to connect social entrepreneurs with impact investors. That's all a fancy way of saying that Crowdfunder has setup a community on its site that allows people to contribute to for-profit ...
See all stories on this topic »

Crowdsourcing.org
Securities law complaints down, but crowdfunding could change landscape ...
Plain Dealer
Under a new securities law signed by President Obama last April, companies are allowed to solicit money in a process known as crowdfunding, without going through the complexity and scrutiny of filing registration documents with the Securities and ...
See all stories on this topic »
Crowdfunding Sites Help People Pay Medical Bills
California Healthline
More people are turning to crowdfunding websites to ask friends, family members and strangers for assistance in paying medical bills. Crowdfunding sites provide people with a digital platform to describe why they need money and post updates to a ...
See all stories on this topic »
Yooli.com Chooses FICO To Provide Risk Management To China's Crowd ...
Daily Markets (press release)
China's crowd-funding business has grown significantly over the past two years. According to Fuscent, there are more than 150 crowd-funding online businesses with annual turnover of RMB 5 billion yuan in China. During a period of rapid growth, the ...
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ClickStartMe.com announces contest to select spokesmodel for crowdfunding site
PR NewsChannel (press release)
ClickStartMe.com, the new website that "puts the fun in crowdfunding," announced a nationwide contest to find a spokesmodel to be the face of its new and rapidly growing business. In their nationwide online contest, ClickStartMe is offering 10 ...
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Food Cooperative Uses Crowd Funding To Buy Property: A Community Rallies ...
STLtoday.com
Isla Vista, CA—This week, on the tails of the United Nations declaring 2012 the International Year of the Cooperative, the I.V. Food Co-op became the first cooperative in history to use crowd funding to purchase its property. More than 1,000 people ...
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Crowdfunding campaign for Azores Bullfinch
Bird Watch
An innovatory 'crowdfunding' campaign has been launched to help the conservation of Azores Bullfinch, one of the Western Palearctic's few endemic bird species. The campaign - entitled Let's save the Azores Bullfinch - runs until the end of February and ...
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Bird Watch
Downtown Napa Arts Space Earns Crowdfunding Support
Patch.com
A former warehouse across West Street from the Napa skate park is emerging as the valley's most intriguing arts nonprofit. Slack Collective Art Studios and Gallery is the brainchild of local musician and arts activist Paul Slack, whose vision of a ...
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Thursday, January 10, 2013

First Regulatory Paperwork Related to Crowdfunding Released

Today, FINRA issued the first official regulatory paperwork related to Crowdfunding: a voluntary, interim form that Cowdfunding portals can use to register with FINRA. If you are a portal helping people raise equity capital online, you must register with FINRA, so this gets the process started. An important move.

According to FINRA, "Filing of this interim form will not entitle you to FINRA membership. We will make membership available to funding portals after the SEC adopts funding portal rules and approves FINRA's funding portal rules.

Once funding portal rules are in place, FINRA will issue a final funding portal application that will be necessary for you to file to become a FINRA member. In applying for membership, you will not be bound by the responses you provided on this interim funding portal form." 

Sunday, January 6, 2013

CrowdfundingToday 1/6/13

Crowdfunding
News 1/6/13
The Crowdfunding Crowd Is Anxious
New York Times
To its advocates, crowdfunding is a way for capital-starved entrepreneurs to receive financing that neither big investors nor lenders are willing or able to provide. To others, it represents a potential minefield that could help bad businesses get off ...
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New York Times



--
Facebook: https://www.facebook.com/CrowdfundingBook and https://www.facebook.com/wmcunningham
Twitter: @CreativeInv

My new book: The JOBS Act: Crowdfunding for Small Businesses and Startups
http://www.apress.com/9781430247555

Also see our crowdfunding webinar: http://crowdfundingclass.eventbrite.com/
and
http://www.udemy.com/how-to-crowdfund/

Creativeinvest.com
Minorityfinance.com
Minoritybank.com
DiversityFund.net
Creative Investment Research, Inc.

http://about.me/wmc
Skype: william.michael.cunningham

866-867-3795

"A candle loses nothing by lighting another candle"

This communication (including all pages in this email and any attached document) are for the sole use of the intended recipient and may contain confidential information. Unauthorized use, distribution, disclosure or any action taken or omitted to be taken in reliance on this document is prohibited, and may be unlawful.  By inadvertent disclosure of this document Creative Investment Research, Inc. and William Michael Cunningham do not waive confidentiality privilege with respect hereto. This writing/publication is a creative work fully protected by all applicable copyright laws, as well as by misappropriation, trade secret, unfair competition and other applicable laws. No copyright is claimed in the text of statutes, regulations, and any excerpts from others' reports or articles quoted within this work. Copyright©2012 by William Michael Cunningham and Creative Investment Research, Inc. All rights reserved – including the right to reproduce in whole or in part in any form.

Friday, January 4, 2013

CrowdfundingToday


Crowdfunding
News Jan 4, 2013
IndieGoGo's 2012 In Crowdfunding: Campaigns Raised 20% More Than In 2011 ...
TechCrunch
Crowdfunding site Indiegogo shared some exclusive details regarding their past year with TechCrunch, and the stats essentially back up what Matt Burns said about 2012: In many ways, this was the year of crowdfunding. Campaigns raised more money in ...
See all stories on this topic »
Crowdfunded Pebble watch ready to drop
San Francisco Business Times (blog)
Seven months after raising $10.18 million through online "crowdfunding" from people who want one of its cellphone-linked "smartwatches," Pebble Technology says it finally has a product to put into people's hands. The Palo Alto startup's public ...
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GarageGames launches crowdfunding campaign to make everyone a game ...
VentureBeat
GarageGames has been around since 2000 making tools for professional developers. But starting today, it is taking its goal of democratizing game making a step further. It advances the do-it-yourself dream: if anyone can make movies or music, then why ...
See all stories on this topic »

VentureBeat
--
Facebook: https://www.facebook.com/CrowdfundingBook and https://www.facebook.com/wmcunningham
Twitter: @CreativeInv

My new book: The JOBS Act: Crowdfunding for Small Businesses and Startups
http://www.apress.com/9781430247555

Also see our crowdfunding webinar: http://crowdfundingclass.eventbrite.com/
and
http://www.udemy.com/how-to-crowdfund/

Creativeinvest.com
Minorityfinance.com
Minoritybank.com
DiversityFund.net
Creative Investment Research, Inc.

http://about.me/wmc
Skype: william.michael.cunningham

866-867-3795

"A candle loses nothing by lighting another candle"

This communication (including all pages in this email and any attached document) are for the sole use of the intended recipient and may contain confidential information. Unauthorized use, distribution, disclosure or any action taken or omitted to be taken in reliance on this document is prohibited, and may be unlawful.  By inadvertent disclosure of this document Creative Investment Research, Inc. and William Michael Cunningham do not waive confidentiality privilege with respect hereto. This writing/publication is a creative work fully protected by all applicable copyright laws, as well as by misappropriation, trade secret, unfair competition and other applicable laws. No copyright is claimed in the text of statutes, regulations, and any excerpts from others' reports or articles quoted within this work. Copyright©2012 by William Michael Cunningham and Creative Investment Research, Inc. All rights reserved – including the right to reproduce in whole or in part in any form.
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