Skip to main content

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 ...
See all stories on this topic »
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 ...
See all stories on this topic »

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 ...
See all stories on this topic »
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, ...
See all stories on this topic »

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 ...
See all stories on this topic »
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 ...
See all stories on this topic »



Comments

Popular posts from this blog

Crowdfunding Accounting 101 - Revenue Recognition in Crowdfunding

A start-up using crowd funding to create a product is different from a normal company. The start-up has cash inflows from donations but does not have a product, yet. In this situation, we recommend using completed-contract method to recognize revenue. Under this way of thinking, we assume the start-up is akin to a project or a long-term contract. The crowdfunding company will find it difficult to estimate the revenue from crowdfunders and, hence, the cost of rewards or perks. Under International Financial Reporting Standards (IFRS) and GAAP guidelines, if the firm cannot reliably measure the outcome of the project, revenue should be recognized based on contract costs. These costs should be expensed when incurred. Profit is recognized only at the completion of the project. In summary, for crowdfunding companies, revenue, expense, and profit are recognized only when the crowdfunded product is actually manufactured. 1 For example, assume that AAA Corp. wants to manufacture bicyc...

Crowdfunding for Gamers

The chart below shows the top 10 most funded video game crowdfunding campaigns from Kickstarter and Indiegogo. "Rank"   i s based on the dollar amount raised. The table was complied using data from our crowdfunding research reports: The Top 50 Crowdfunding Campaigns and the  Top Crowdfunding Campaigns for Computer Games As we saw from our analysis of the Top 50 most funded crowdfunding campaigns on Kickstarter and Indiegogo 34% of the top campaigns were video game related. The most notable gaming campaign is Star Citizen which raised $2,134,374 on Kickstarter. The developers of the Star Citizen video game went on to create a crowdfunding platform specifically for their game. With amazing graphics and a detailed storyline they managed to raise over $47 million, making this the most funded crowdfunding campaign of all time! This is great news for video game developers. It shows the potential that crowdfunding holds for that industry. So, what should...

Equity Crowdfunding in the District of Columbia 7/22 at 6:30 pm

Equity Crowdfunding in the District of Columbia According to recent news reports, "D.C. regulators are drawing up a proposed framework that would allow District startups to take advantage of equity crowdfunding from District investors, following a growing number of states which have passed similar measures in recent months. D.C.'s Department of Insurance, Securities and Banking (DISB) is preparing to publish a proposed rule that would give companies within the city “an alternative to existing methods of raising capital,” the agency said in a statement to the Washington Business Journal. That proposal, according to DISB, “is similar to those that are being developed in other states and the SEC’s proposed crowdfunding regulations.” We will describe state-level equity based crowdfunding, discuss specific crowdfunding campaigns and announce a new initiative. https://equitycrowdfundingdc.eventbrite.com