Crowdfunding Now!

BlackCrowdfunding.net aims to solve the issues of African-American unemployment. "Crowdfunding sites have become increasingly popular over the years with entrepreneurs seeking financial support for their big ideas.   William Michael Cunningham , the founder of  BlackCrowdfunding.net , recently launched the new crowdfunding website specifically to help African-Americans, who are still unemployed at numbers higher than the national rate.... Cunningham will be teaching crowdfunding at the  D.C. Hive  (Home of Innovators, Visionaries, Entrepreneurs), located in Southeast D.C., and encouraging students to use the site as a tool to raise money." http://www.bet.com/news/national/2013/04/19/new-crowdfunding-site-supports-black-entrepreneurs.html Related articles Crowdfunding Is a New Website that Specializes in Helping African American and Female Entrepreneurs The Download: A crowdfunding site for black entrepreneurs Piggybackr Launches Its 'Kickstarter For Ki...

"William Michael Cunningham says the black community has a tradition of 'passing the hat' to collect donations when a friend needs financial help. That same custom guides  BlackCrowdfunding.net , a Web site Cunningham has created where black entrepreneurs can raise money to start businesses." Read more at:  http://www.washingtonpost.com/ business/capitalbusiness/the- download-a-crowdfunding-site- for-black-entrepreneurs/2013/ 04/12/9089fe78-a2c9-11e2-be47- b44febada3a8_story.html# Related articles The Download: A crowdfunding site for black entrepreneurs Female Entrepreneur Takes the $2.8 Billion+ Crowdfunding Industry by Storm Crowdfunding News 2/21/13 What's Really Going on With Crowdfundin g Crowdfunding - is it the answer to Startup funding?

Since President Obama signed the Jumpstart Our Business Startups Act last spring, the most successful crowdfunding campaign — for an e-paper wristwatch called Pebble Watch — raised $10 million. Another campaign — this one for a video game, raised $6.3 million from 90,000 fans online — shows that companies with innovative products and services can raise significant amounts of money online. In about six months, the beleaguered Securities and Exchange Commission will put forward rules that will govern how companies can raise equity capital using crowdfunding . It has been slow going. The SEC, staggered by its role in the financial crisis, is extraordinarily cautious now. The agency remains under the influence of the industry it regulates, which is frightened by crowdfunding . Industry officials have built obstacles in the SEC’s path to creating crowdfunding rules. Critics of crowdfunding say that the risk of fraud is high, but their case is weak given that individual dollar in...