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How to make the best crowdfunding pitch Washington Post (blog) The Securities and Exchange Commission is drafting regulations for crowdfunding – a not yet legal practice allowing companies to sell stakes to large numbers of small investors, potentially online. Startups looking to pursue those dollars will need to ... See all stories on this topic » | ||
National Crowdfunding Association Partners with Equity Advertising Ventures to ... The Herald | HeraldOnline.com 26, 2012 /PRNewswire-USNewswire/ -- The National Crowdfunding Association today announced that it has partnered with Equity Advertising Ventures, a San Diego-based marketing and communications firm, to create enhanced marketing campaigns in ... See all stories on this topic » | ||
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Silicon Valley Debates the Do's and Don'ts of Equity Crowdfunding Xconomy Crowdfunding may be familiar to you in the form of existing websites like Kickstarter and Indiegogo, the online forums where artists or inventors can appeal for financial support from people who like their ideas. In return for their dough, contributors ... See all stories on this topic » | ||
Napa Chamber's October summit to highlight crowdfunding Napa Valley Register What on earth is crowd funding? According to Wikipedia, "Crowd funding or crowdfunding (alternately crowd financing, equity crowdfunding or hyper funding) describes the collective effort of individuals who network and pool their resources, usually via ... See all stories on this topic » | ||
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Ticketing News: Artful.ly Open Sources, Picatic Crowdfunds, Eventbrite x Apple ... hypebot.com Fractured Atlas recently open sourced their nonprofit-oriented ticketing, donations and contacts platform Artful.ly. Picatic is now offering a crowdfunding feature called EventTilt to test for event demand. And Eventbrite is helping mainstream mobile ... See all stories on this topic » | ||
Five healthcare startups that should have crowdfunding pitches on MedStartr MedCity News Health startups are always looking for money so what better solution than a crowdfunding site that understands the complexity of the industry. These five startups are good candidates for MedStartr campaigns. If you need help getting started, check out ... 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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