NASA trailer reaches crowdfunding goal, will be shown before ‘Star Trek: Into Darkness’

NASA

“We are the Explorers,” an Indiegogo campaign that aims to create a 30-second trailer about the US Space Program, reached its crowdfunding goal of $33,000 this morning, just five days after launching. Created by the Aerospace Industries Association (AIA) of America, the campaign was inspired by a nearly three-minute video that NASA released last year. The clip, embedded below, gives a brief overview of NASA’s history and its latest developments in spacecraft technology, but federal law prohibits the agency from purchasing advertising time to air it. That will soon change,…

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SEC gives blessing to FundersClub, opens the door for more crowdfunding

Security and Exchange Commission

The SEC just delivered a big gift to the nascent crowdfunding market by announcing that it would not pursue legal action against FundersClub, even though, technically, maybe, it’s breaking the law. FundersClub lets accredited investors put as little as $1,000 into startups, which list themselves on its website. FundersClub looks an awful lot like an investment advisory firm, but it’s not registered as such and thus isn’t making the same kind of disclosures that a normal broker-dealer would. FundersClub argues that it doesn’t actually provide any investment advice and never…

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A Crowdfunding First for Chinese, and International Athletes

Jacqueline Lai

China’s National Equestrian Championship Gold-Medalist, and Hong Kong international, 22-year-old Jacqueline Lai today successfully completed one of China’s largest crowdfunding campaigns to date on FringeBacker. Hong Kong (PRWEB) March 29, 2013 FringeBacker, the world’s only English-Chinese bilingual crowdfunding platform, today announces the achievement of an historic first, both for Chinese crowdfunding and for international athletes to raise funding. China’s National Equestrian Championship Gold-Medalist, and Hong Kong international, 22-year-old Jacqueline Lai today successfully completed one of China’s largest crowdfunding campaigns to date. This is also probably the world’s largest by an…

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For broker/dealers crowdfunding presents new opportunity

Wall Street New York Stock Exchange Building

While start-up owners eagerly await the Securities and Exchange Commission’s regulations for crowdfunding, a handful of broker/dealers are racing to be the first to capi­tal­ize on the phenomenon. An exemption in the Securities Act allows start-ups to conduct a version of crowdfunding today, as long it’s through broker/dealers — companies who buy or sell securities for themselves or customers and who are registered with the SEC. These intermediaries can issue securities to an unlimited number of accredited investors (typically, individuals with a net worth of more than$1 million, or whose…

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As Crowdfunding Takes Off, SEC Greenlights AngelList’s Investment Platform

The Securities and Exchange Commission is making way for a number of startups and online investment platforms to enable startups to crowdsource investment. Early last week, Y Combinator-backed FundersClub received notice from the SEC that the agency would not pursue action against its crowdfunding platform. But it wasn’t alone: a few days later, AngelList received a similar letter from the SEC. [hat tip to Danielle Morrill] The regulatory response came after AngelList requested its own assurance from the SEC that the agency wouldn’t pursue enforcement action against its investment platform,…

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Italy Leads The U.S. — In Equity Crowdfunding

Last March 29, Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB), the equivalent of the Securities and Exchange Commission in the US, submitted requests for public commenting on the equity crowdfunding rules currently considered. It seems that Italy will surpass the JOBS Act in the implementation of the first equity crowdfunding law in the world. One of the leading business angels in Milan, Alberto Giusti, commented that this crowdfund equity proposal has some limitations. “The definitions are not fully settled but right now only ‘innovative startups’ can be…

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HealthCare: When Crowdfunding Is A Matter Of Life And Death

healthcare

When Matt Fahey, a cameraman for Deadliest Catch, was diagnosed with colon cancer last November, he didn’t have health insurance. He nonetheless went through with surgery and got stuck with a $51,000 bill. Facing six months of follow-up treatments and a six-figure total cost, bankruptcy seemed almost inevitable. Instead, his cousin, Chuck Horton, a former professional fundraiser-turned-software-entrepreneur, stepped in and set up a Rally.org campaign called “Dumb Ass Cancer” to help pay for Fahey’s treatment. “We wanted something up and running quicker than a traditional fundraiser,” says Horton. “Matt has…

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Capitalism 2.0, The Amazing Promise of Crowd-Funding

The Promise of Crowd-Funding Years ago, when a friend and I were raising money for a technology company we had founded, a venture capitalist told us, ‘We don’t bet on the horse. We bet on the Jockey’. He was saying that if Bill Gates presented to him a terrible idea and an unknown teenager presented him with a terrific idea, Bill Gates was going to walk away with his money. The rich get richer because they have ‘proven’ their ability to create a profit. Creating Success But how do you…

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Crowdfunding for Minorities: An Opportunity to Level the Playing Field

Almost five years past the Wall Street melee and the banks have largely positioned back into a steady recovery. Within the last two years, banks have had consistent profitable net returns with a market that is outperforming expectations. Though Wall Street has positioned back on track, the much more unfortunate circumstance remains on main street were small businesses are still trying to position themselves into a positive operating capacity. Of the small businesses that were fortunate to survive through the recession, many of them are now having problems with acquiring…

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Crowdfunding hopefuls still waiting for rules

The implementation of equity crowdfunding, a way for small businesses to raise capital, has been delayed again. In my column last week, I said that the rules for launching the JOBS Act, which legalizes equity crowdfunding, would probably be finalized by this spring. That is not likely now. According to David Marlett, founder of the National Crowdfunding Association, “Now we are hoping for by end of 2013.” The trade association’s website, nlcfa.org, says that it is both an opportunity and a risk for investors to “invest money into or loan…

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Aerospace Industries Association Crowdfunding Campaign to Advertise for Space Program

Aerospace Industries Association

The Aerospace Industries Association is leading a first-of-its-kind crowdfund campaign to showcase to students and young people the exciting new era of U.S. space exploration. If the IndieGoGo campaign reaches its funding goal of $33,000 by May 1, AIA will buy advertising time for an ad trailer on NASA’s new exploration programs in more than 50 movie theaters. The ads will premier alongside the highly anticipated film, “Star Trek Into Darkness,” and run for eight weeks thereafter in Chicago, New York, Los Angeles and Washington, DC. Should the campaign go…

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JOBS Act Expected to Increase Diversity in Funding

The existing class of startup investors is predominantly white and male. New startup-funding legislation has the potential to change that. If more women and people of color are brought into the investing community, then, in turn, the hope is that more women and minority business owners will receive funding. The Jumpstart Our Business Startups Act, known as the JOBS Act, is expected to revolutionize the crowdfunding industry. It is also expected to change the face of the typical investor, according to Natalia Oberti Noguera, the founder of the Pipeline Fellowship,…

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Technology Startup Boom in Israel and Crowdfunding Venture Capitalists

Parko

The average Tel Avivian spends about a year of life trawling through traffic on the frustrating hunt for a car park, according to municipal statistics. That may seem like a lot, but it’s on par with the world’s other big cities, according to IBM’s Global Parking Survey 2011. Now, there’s an app for that. And it’s one of the products of Israel’s burgeoning technology startup scene: High-tech exports are estimated to be worth $18.4 billion a year, or almost one-half of the country’s entire exports, according to Central Bureau of…

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Global Outlook: The crowdfunding throng is growing fast

Subscribers to the showbiz news website Popbitch this week learnt more than the usual celebrity gossip. Alongside the truth behind those stories about Chris Huhne’s Twix bars in Wandsworth Prison were details of Popbitch’s plans to raise expansion money through a crowdfunding effort run by Kickstarter. That’s nothing new in the media world. Kickstarter has raised $500m for creative projects like this since launching in 2009. People with ideas for movie productions, theatre shows or fashion designs use the site in their thousands in search of investors to move their…

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InCrowd Capital is all dressed up and ready to go, but the SEC is late

Phil Shmerling is waiting—for the moment patiently—to launch a business. He has been developing a platform for investment-based crowdfunding for nearly a year and has been brainstorming seriously on the concept since 2011, months before President Barack Obama signed legislation last spring allowing equity crowdfunding. So what’s the holdup? The Securities and Exchange Commission must write regulations to protect investors as they begin to fund startups through crowdfunding platforms, such as Shmerling’sInCrowd Capital. The first deadline for the commission was set for January, which has come and gone. Shmerling is…

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Small Businesses Sign the White House Crowdfunding Petition to Gain Access to Startup Capital and Create Jobs

White House

Small businesses across America are being encouraged to sign the White House Crowdfunding Petition (http://wh.gov/vjao) to respectfully insist that the Securities Exchange Commission (SEC) expedite issuing Title II and III Crowdfunding guidelines. The Crowdfunding rules will provide access to investment startup capital, which is needed desperately by millions of entrepreneurs and small businesses that want to create new jobs. These businesses are ready, willing and perfectly positioned to create millions of new American jobs, but cannot get a bank loan to expand operations. Only 150 more signatures are needed to…

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