Crowdsourcing: A burgeoning jobs market for the jobless recovery

As the improvement in the nation’s economic outlook—coined the “jobless recovery” by the New York Times in 2010—has been slow-going in some markets, the number of unemployed and underemployed remains high. So the question is, where will the high-paying opportunities of the future come from? Are we destined for a world where these positions are merely sourced offshore to places with a lower cost of living? Part of the answer lies in an idea whose roots hearken back to the dawn of the “New Economy.” Fifteen years ago, Fast Company…

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Five Reasons Why Equity-Based Crowdfunding Under the JOBS Act Won’t Work

There’s so much hype surrounding crowdfunding and for good reason. Stories like the one of Ouya, a game console developer that raised $950,000 in just 8 hours on Kickstarter capture our imaginations. In 2012 alone, over 2 million people pledged approximately $319 million on Kickstarter while global crowdfunding is predicted to grow to $6 billion in 2013. So far so good. But existing crowdfunding models are based on donation and reward based models where backers donate money to projects with no prospect of enjoying the upside of a successfully funded…

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Venture capitalists prepare for the impact of crowdfunding

The Jobs Act

The Securities and Exchange Commission has yet to introduce regulatory guidelines for equity-based crowdfunding, but that hasn’t stopped some of the region’s venture capitalists from contemplating how it might impact their business. Crowdfunding allows entrepreneurs to collect small sums of money via the Internet from everyday people who then become investors in their business. On its face, the practice seems to pose a threat to traditional venture capital firms that will face new competition for the best deals. That’s not necessarily the case, some say. Capital Business spoke with several…

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Advocates urge SEC to propose crowd-funding rules

About a dozen crowd-funding and venture capital representatives and small-business advocates last Tuesday urged Securities and Exchange Commission Chairman Elisse Walter to propose rules for crowd funding. A type of financing that lets small investors buy equity or debt in startups over the Internet, crowd funding is among several provisions of the Jumpstart Our Business Startups Act — signed by President Barack Obama last April — designed to ease securities registration rules for entrepreneurs. The SEC has not yet proposed a crowd-funding rule, which was due in January. It is…

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EU & US for Growth, Investment Crowd-funding and Support

Invest in EU

Lots of people in the EU are asking tough questions. Will those prospects get better? How can we make Europe more dynamic and prosperous? How can we stay in the race with fierce global competition? How can we offer a better future for everyone? They are asking those questions profoundly and earnestly. But for me the answer is pretty easy; I don't need to look much further than this room. We need to innovate our way out of the crisis. And for that, we need entrepreneurs: risk-takers, willing to break…

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From Crowd sourcing to Crowd storming

The “crowd” has come to embody the organizations enabled by our new online connections. Crowdfunding provides an alternative to traditional sources of capital by directly linking those who need funding with those who have it. Collaborative consumption enables us to access assets such as homes or cars via online crowds. And crowds are offering an alternative to traditional outsourcing institutions, connecting those who have large or small tasks with those who are willing to perform them. Over the last decade, organizations like GE, P&G, DARPA and LEGO have pioneered a…

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Crowdfunding sites offer a different way to raise money

The Vampire Movie

Geoff Orlowski wants to take his filmmaking talents to the next level. The Whitesboro resident has been writing and making his own movies — from short films in college to his first feature film that he shot last year in Utica. To get to the next level with his second feature-length movie, though, he needs better equipment. And that means more money. The funds for his first film came straight out of his pocket, and it covered only meals and some equipment, he said. “It’s a sad thing, when you…

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Live discussion: Crowdfunding – Tuesday 5th March from 1-3pm

Barack Obama crowdfunding

Discussion on Tuesday 5th March from 1-3pm to discuss whether crowdfunding could be used to finance your charity campaign Barack Obama raised $137m during his campaign for US presidency by using crowdfunding. This method of fundraising is increasing in popularity in the voluntary sector, and many experts believe that it could provide an excellent source of finance for charities. Sites such as Buzzbnk, Solar Schools and Peoplefund.it allow organisations to raise money for a project online, through multiple donations or loans, from a number of donors, over a short period…

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Crowdfunding Solar Schools In Britain

solar-schools

Schools in the UK wanting to go solar but that are strapped for cash are able to participate in a new crowdfunding service. As was the case in Australia, UK schools were previously able to benefit from generous government incentives to install solar; but most of that support has now dried up and the situation is preventing many schools from accessing solar power. SolarSchools provides resources, training and staff support to help schools raise funds for a solar array. Each school is also provided with a web page on the…

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Five things Sundance can tell us about the future of film

Egyptian-Marquee

The deal making begins weeks before the celebrities touch down in Park City, Utah, a pop-up center of the universe for the culture industry during the ten-day run of the 2013 Sundance Film Festival. Open Road Films buys the Steve Jobs biopic jOBS, starring Ashton Kutcher as the Apple co-founder, long before audiences clap, yawn, or both at its Sundance Closing Weekend premiere. Other movies including Mud, starring Matthew McConaughey, and No, featuring Gael García Bernal, also arrive with deals intact. The pre-fest deals, as well as decisions by filmmakers…

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Latin American Crowdfunding Platform Idea.Me Hits $1 Million In Pledges

idea me

Over $1 million has been raised via Latin American crowdfunding platform Idea.me since its launch 18 months ago, contributing to the success of 180 creative projects, the startup announced today. As you may remember, we recently listed Idea.me as one of the 10 Latin American startups to look out for in 2013. Its model is similar to Kickstarter and Indiegogo, but its focus on Latin America represented a challenge, due to the fact that the concept of crowdfunding is still fairly new in the region. This means Idea.me had to…

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Crowdfunding portals try to get the word out as they wait for the SEC to set rules

Sites like local startup iCrowd are luring small business owners with free tools.

A local startup is looking to get a head start as it waits for the SEC to spell out rules on crowdfunding. Rye-based iCrowd, started by former Wall Street portfolio manager John Callaghan and Brad McGee, the ex-chief strategy officer of Tyco International, is one of dozens of companies lining up to get in on the crowdfunding bonanza. McGee was one of a group of Tyco employees who were handed unauthorized perks by disgraced ex-Tyco CEO Dennis Kozlowski, who was convicted and thrown into jail. The iCrowd co-founder, who was…

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Crowdfunding Is About Creating Jobs For The Right People

Crowdfunding is not just about creating jobs, it is about creating jobs for the right people. In April of 2012, President Obama signed the JOBS Act into law, authorizing crowdfunding of equity and debt for the sake of creating jobs. The more time I spend studying crowdfunding and working with the leaders in the crowdfund community, the clearer it becomes that not only will crowdfunding create jobs, it will create jobs in the right places. Recently, I sat down in a hidden valley near Park City, Utah with Candace Klein,…

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Crowdfunding service SliceBiz wins Apps4Africa cash prize

The SliceBiz team were one of three projects to win $10,000 as part of the annual competition

A Ghanaian start-up planning to popularise crowdfunding in Africa has been selected as one of the winners of this year’s Apps4Africa competition. SliceBiz plans to develop a service that will deliver 30-second pitches recorded by entrepreneurs to potential backers over the phone. It says investors will then be able to transfer cash into the projects they like via their mobiles. The Apps4Africa scheme is funded by the US State Department and the World Bank, It gives awards of $10,000 (£6,500) to three selected projects with the possibility of top-up funds…

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Advocates push SEC to propose crowd funding rules

DC Conference

About a dozen crowd funding and venture capital representatives and small-business advocates on Tuesday urged Securities and Exchange Commission Chairman Elisse Walter to propose rules for crowd funding. A type of financing that lets small investors buy equity or debt in startups over the Internet, crowd funding is among several provisions of the Jumpstart Our Business Startups Act — signed by President Barack Obama last April — designed to ease securities registration rules for entrepreneurs. The SEC has not yet proposed a crowd funding rule, which was due in January.…

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Will the S.E.C. Kill Crowdfunding?

Crowdfunding has the potential to provide new funding options for small businesses and stimulate job growth, and yet the S.E.C. has stalled on crowdfunding Rulings. Other countries are off and running with equity crowdfunding, such as the United Kingdom, Australia, Sweden, Norway and Finland. Why is the U.S. still stuck in first gear and lagging behind the pack? Aren’t we innovators and leaders in entrepreneurship? What’s going on with the S.E.C. crowdfunding Rulings, as spelled out in the JOBS Act? Why are they stalled? Will the S.E.C. abort crowdfunding before…

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