Crowdfunding
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Crowd funding website finds a way to improve neighborhoods ABC Action News Crowd funding website finds a way to improve neighborhoods. ABCActionNews. Subscribe Subscribed Unsubscribe. Loading... 9,931 videos. Loading... Alert icon. You need Adobe Flash Player to watch this video. Download it from Adobe. Alert icon. Close ... See all stories on this topic » | ||
2 upcoming panels I'm moderating - crowdfunding & angel investing Bizjournals.com (blog) Next Wednesday, Mass Innovation Nights will host its Crowdfunding Innovation event at the Microsoft NERD center in Cambridge, which will include presentations from startups seeking crowdfunding and a panel discussion with three successful crowdfunders ... See all stories on this topic » | ||
Employees Only, NYC Bar, Looks To Crowdfund Barback's Health Care Huffington Post The New York City bar Employees Only is crowdfunding on GoFundMe to help pay for facial reconstructive surgeries for one of its employees, Uros Miljkovic, who works as a barback at the West Village lounge and as as a bartender at sister bar Macao. See all stories on this topic » | ||
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AMP Turns To Crowdfunding For Sustainable Business Networking socalTech.com A new, Santa Monica-based startup, AMP, is hoping that crowdfunding will bring its bookmarking site and file exchange site for those interested in sustainability to life. The startup--started by Sarah McKinney and John Lehnert--said it turned to ... See all stories on this topic » | ||
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Crowdfunding sought for Bristol community bike cafe road.cc Coffee, cake and cycling. The three C's that make up the holy alliance of a great Sunday morning out. Being West Country folk, we might be biased here, but we can't help thinking that this Crowdfunder project for a bike shop -cum- cafe in Bristol ... See all stories on this topic » | ||
First Funder Launches Crowdfunding Site With Angel Backing techrockies.com Two, 18-year old entrepreneurs, Kevin Zell and Brendan Karp, are behind a brand, new, crowdfunding platform launched Friday, First Funder, aimed specifically at community-based organizations. First Funder said its crowd funding campaigns are sponsored ... See all stories on this topic » | ||
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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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