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