Crowdfunding News FeedBack to Crowdfunding
Crowdfunding is getting so much bigger than Kickstarter. Last year alone, it generated 1 million successful campaigns and $2.7 billion across the globe. Research firm Massolution gathered that data from 308 active crowdfunding platforms (CFPs) worldwide via the website for its 2013 Crowdfunding Industry Report. The information shows that crowdfunding nearly doubled last year, with an 81 percent increase over 2011. North America and Europe, taking second, dominate the market, with a more than 95 percent stake.
Venture Beat April 17, 2013
Doug Ellenoff, the leading attorney in the investment crowdfunding space will join me live at 4:00 Eastern today to discuss crowdfunding. We’ll discuss common misunderstandings in the crowdfunding community. We’ll also get Doug’s take on why the status quo—where 98 percent of Americans are essentially not allowed to invest in startups—is considered acceptable.
Forbes April 17, 2013
With the anniversary of the signing of the landmark JOBS Act signed on April 5, 2012, the investment crowdfunding community is champing at the bit to get to work, still waiting on the SEC to issue regulations required by the Act. The regulations, due on January 5, 2013, have not yet been promulgated. In fact, the agency has yet to issue draft regulations for...
Forbes April 3, 2013
No action is good action. At least for the online investment platform FundersClub, which today received a “no-action letter” from the Securities and Exchange Commission stating that it will not recommend enforcement action. The letter is a green light for FundersClub and validation that its investment model is legal. The news is significant for the venture capital and finance industries as well as startups looking for more flexible methods of fundraising.
Venture Beat March 28, 2013
In this latest of a special series of conversations with Douglas Ellenoff -- one of our contributing experts on the JOBS Act and the future of crowdfunding for equity in the US and elsewhere -- we tackle the much-debated issue of the potential for fraud in a new crowdfunding industry.
Crowdsourcing.org March 27, 2013
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?
Forbes February 19, 2013
During today’s crowdfunding press conference at the National Press Club, Doug Ellenoff of Ellenoff Grossman & Schole mentioned a rather hilarious acronym he’s built for the crowdfunding community. He shared that crowdfunding is CREDIBLE…
CrowdFund Insider February 19, 2013
This morning, Leverage PR provided media relations services at the State of Equity-Based Crowdfunding press conference at the National Press Club in Washington, D.C. The members of the Crowdfunding Professional Association who spoke at the event went on to meet with lawmakers and the press at Capitol Hill for an informational luncheon. At this morning’s press conference, leaders of the venture and Crowdfunding community pushed for immediate action on fulfilling the promises made in last year’s Jump Start Our Businesses Startups Act (JOBS Act) to make equity- and debt-based Crowdfunding a reality in the U.S.
Leverage PR February 19, 2013
Jumpstart Our Business Startups Act Frequently Asked Questions About the Exemption from Broker-Dealer Registration in Title II of the JOBS Act
The SEC Division of Trading and Markets has provided guidance on the exemption from broker-dealer registration in Title II of the Jumpstart Our Business Startups Act.
The SEC February 5, 2013
Investors using Crowdcube, an online “crowdfunding” platform, will now be able to claim compensation from the Financial Services Compensation Scheme and access the Financial Ombudsman Service if they have a complaint. Luke Lang, co founder of Exeter-based Crowdcube, said FSA approval was “crucial” for inspiring confidence among investors and small companies using the service.
The Telegraph February 4, 2013