Crowdfunding News

Crowdfunding News 9/9/12

Crowdfunding: an introduction
UK Fundraising
Crowdfunding is an empowering alternative to grant applications. Crowd funding can be for a variety of purposes - getting a project off the ground; refurbishing a building; financing a film or exhibition or funding a startup company or small business ...
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The First Kickstarter Satellites
Science 2.0
We are in a new space revolution, and in the past two years, several people have used the Kickstarter crowd-funding platform to try to get into space. Not all succeeded. Let's look at the current standings. They are, in order of kickstarter: Team ...
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Kickstarter is becoming a fertile ground for remakes of old games
Ars Technica
Crowdfunding platforms like Kickstarter have been a powerful force in connecting innovative and risky new ideas with the backing that traditional sources of capital may not be willing to offer. But there's a second front to this battle, promising the ...
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Ars Technica

Crowdfund a Homestuck video game, gruesome dog costumes, and Golden Age ...
io9
Crowdfund a Homestuck video game, gruesome dog costumes, and Golden Age baked goods Kickstarter has been on fire this week thanks to a single word: Homestuck. The uber-popular webcomic has a video game in the works, and you can help get it off ...
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Crowdfunding heads to Georgetown

So first Fundrise raises $31Million for real estate crowdfunding. Now Realty Mogul, a real estate crowdfunding platform, responds quickly with a rare opportunity to be a part of a $31.8 million project in the exclusive Georgetown neighborhood of Washington DC. #crowdfundrealestate Realty Mogul, along with JOSS Realty Partners ( "JOSS" ) , is introducing the Georgetown Plaza to the crowdfunding world. This 150,097 square foot Class B office building is located on Wisconsin Avenue, Washington DC's major north-south artery and half a mile north of Georgetown University's main campus and Georgetown University Hospital. The primary objective of this investment crowdfunding campaign is to acquire, lease-up, and reposition the office building before reselling. In this crowdfunding transaction, Realty Mogul investors will hold a partnership equity stake in Realty Mogul 19, LLC. Realty Mogul 19, LLC will subsequently invest in 2233 Wisconsin NY Member L

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

Dr. Mark Dean - On the IBM team that developed PC : "Mark E. Dean (born March 2, 1957) is an African American inventor and a computer engineer. He led the team that developed the ISA bus, and he led the design team responsible for creating the first one-gigahertz computer processor chip. Dean has also helped in the early development of the computer keyboard. He holds three of IBM's original nine PC patents." Jesse Russell , recognized father of digital cellular technology: "Jesse Eugene Russell (b April 26, 1948) is an African-American inventor and one of the visionaries’ whose innovative perspectives profoundly influenced the wireless communications industry, (a) driver of growth in the 21st century. Trained as an electrical engineer at Tennessee State University and Stanford University , and recognized globally as a thought-leader, technology expert and inventor in the field of wireless communication for over 20 years.." Emmitt McHenry , Founder of Ne

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