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Crowdfunding News

News 9/5/12
 
Democrats Crowdfund Their Way To The National Convention
Forbes
Though a delegate to this year's Democratic National Convention, Minnesota native Dan McKenzie didn't vote for Barack Obama last time around. The problem wasn't that he took issue with the President's policies. The problem was that he was 16.
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Crowdfunding: a New Way to Get Things Done in Government
Governing (blog)
Your community is holding a referendum on a proposed bond offering, the proceeds of which would be used to widen a clogged road and expand a local school. You're all for relieving the traffic congestion, but aren't particularly interested in the school ...
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Steam Greenlight: Valve's crowd-funding scheme arrives
ITProPortal
Valve is certainly putting a lot of plans into motion when it comes to its gaming platform, Steam, from pushing forward with a version of Steam for Linux, to developing the service along crowdsourcing lines. Crowd-funding platform Kickstarter, which is ...
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ITProPortal
The Crowd Goes Wild: First Annual Film Crowdfunding Awards Announced
Sacramento Bee
4, 2012 -- /PRNewswire-USNewswire/ -- With the sources of film finance changing as rapidly as the weather in the Gulf, crowdfunding has appeared on the scene with great promise and long-term staying power. As a result, the Film Finance Awards (www.
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Kids' ebook start-up finds success with crowdfunding
Vancouver Sun
"Crowdfunding" is a rapidly evolving means of raising small amounts of money from many sources online. Those seeking funds create an appeal that's hosted on a site such as indi-egogo.com. Visitors to the site contribute to appeals as they wish ...
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'Crowd funding' plan frought with danger
Trade Arabia
The proposed US legislation on "crowd funding" could open the door for scam artists and fraudsters to misuse the scheme, warns an investment expert. "Crowd funding" refers to the funding of a company by selling small amounts of equity to many investors.
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How to Protect Your Intellectual Property When Using Crowdfunding
Corporate Counsel
The passage of the Jumpstart Our Business Startups Act (the JOBS Act) into law in April 2012 and the recent successes of the online funding site Kickstarter have raised crowdfunding's profile in the public consciousness. Crowdfunding is a way of ...
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Corporate Counsel
A guide to crowd funding
Prospectus
Inman intends to turn the laboratory into a Nicola Tesla museum and is using Indiegogo, a popular crowd funding site to raise these funds. Indiegogo was the first and is still the largest crowd funding site, but now there are dozens. Today, it is ...
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Silverball: Crowdfunding involves the consumer
Develop
Crowdfunding has lets developers involve their consumers in the development process for the better, says Silverball Studios, which today set to re-launch its classic Pro Pinball series via Kickstarter. The Pro Pinball franchise first emerged in 1995 ...
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Crowdfunding heads to Georgetown

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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

Why we are so optimistic about crowdfunding for minorities

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