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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Crowd Supply: the next generation of crowdfunding

Crowd Supply answers to some of the shortcomings of any crowdfunding site for products that don’t offer store functions, from how the project pages function to managing product fulfillment, tracking, returns, and more.

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99Funding, a New Securities Crowdfunding Platform, Focuses on Investor Protection

99funding

Evisor Inc. today announced the launch of the 99Funding securities crowdfunding platform (http://www.99funding.com). Crowdfunding is already changing the way that startups are funded, and securities crowdfunding is poised to revolutionize private investment markets, according to Craig Goos and Jim Dowd, Managing Directors. The 99Funding platform offers a secure, transparent, and efficient marketplace for investment crowdfunding. The Jumpstart Our Business Startups or JOBS Act signed into law by President Obama in April of 2012 created a new class of exempt private offering —the crowdfunding exemption — that will allow companies to…

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The JOBS Act is (Almost) Finally Here!

The Jumpstart Our Business Startups (JOBS) Act passed Congress with bipartisan support and was signed into law by President Obama in April 2012. The bill was enacted to encourage small business and startup funding by reducing various federal regulations. It permits businesses to accept small contributions from individual investors, up to $1 million annually, without making an initial public offering. Some of the specifics include that private individuals who earn less than $100,000 annually can invest a maximum of $2,000 or five percent of their income, whichever is greater. Those…

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Crowdnetic and CrowdClear to Create First End-To-End Eco System for Funding Portals

Crowdnetic and CrowdClear

Crowdnetic, a leading provider of market data solutions and funding portal platform technology, and CrowdClear, a division of leading broker-dealer Bendigo Securities LLC, today announced a development and marketing alliance. This agreement provides for tighter integration of the two technology platforms to create the first end-to-end ecosystem for securities-based funding portals. While the SEC has yet to publish its regulations in regards to the JOBS Act, accredited investors can use funding portals for equity and debt investments today. CrowdClear provides the technology, regulatory and compliance services to complete these types…

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One problem with crowdfunding —there isn’t enough

Startup companies in Nova Scotia stand to benefit greatly from the spread of the crowdfunding movement. It’s just not happening fast enough. Crowdfunding, according to the Oxford Dictionary, is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. This opens up the world to Nova Scotians with good ideas who need access to money in order for their business dream to become reality. In the past, because of our small population, Nova Scotia startups…

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Agriculture startup grows crowdfunding platform to feed the hungry

Fquare

Farmland is a key part of American history and its economy, and yet people today are increasingly disconnected from the land and people that grow our food. Fquare is a company that helps investors customize and manage their land investment portfolio, and today it announced that it’s launching a crowdfunding initiative to feed the hungry. Food may be everywhere in America, but it is not always affordable. With 15 percent of the country living below the poverty line, many families cannot afford to buy nutritious ingredients, and too many children…

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