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Crowdfunding News  5 new results for crowdfunding
 
Get creative with crowd funding
The Canberra Times
Foley was taking part in something called crowd funding: putting an idea online and encouraging other people, mostly strangers, to chip in cash to make it happen. People behind these projects being pitched offer rewards to donors. For example, Foley ...
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SEC's Proposed Rule on General Solicitation Reads, "Sorry…Please Hold… It's ...
TechCrunch
Editor's note: Jason Best and Sherwood Neiss led the U.S. fight to legalize debt and equity based crowdfunding, co-authored Crowdfund Investing for Dummies and founded Crowdfund Capital Advisors where they provide strategy and technology services ...
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TechCrunch
Couragent using Launchpad to raise capital
Boulder County Business Report
BOULDER - Mobile-scanner manufacturing company Couragent Inc. wants to raise $350,000 online using a crowdfunding technology platform created by Funding Launchpad. Terms of the deal were not disclosed between Boulder-based Vim Funding Inc., ...
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EarlyShares.com Sponsors Small Business Challenge For Companies That ...
Daily Markets
In an effort to stimulate job creation in America, Equity Based Crowdfunding platform EarlyShares.com is sponsoring the Small Business Challenge, a competition that invites companies to compete for a share of $50,000 in cash and marketing resources to ...
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Crowdfunding Site For Artistic Projects Launches
PR Web (press release)
Robert Dobyns, CEO of Conzortia Business Funding, Inc. has announced the official launch of their new crowdfunding platform built specifically for Film, Art, Comic, Game and Mobile App Projects in the U.S.. Crowdfunding is a consortia of people pooling ...
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Crowdfunding heads to Georgetown

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Crowdfunding Accounting 101 - Revenue Recognition in Crowdfunding

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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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Why we are so optimistic about crowdfunding for minorities

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