Crowdfunding News FeedBack to Crowdfunding
The Jumpstart Our Business Startups Act (JOBS Act)—a new law aimed at increasing American job creation and economic growth—contains key provisions relating to securities offered or sold through “crowdfunding.” Under the new law, intermediaries performing crowdfunding on behalf of issuers must register with the Securities and Exchange Commission (SEC) as a “funding portal” or broker and must register with an applicable...
FINRA.org July 9, 2012
The North American Securities Administrators Association, Inc. (NASAA) published their comment letter on the JOBS Act.
SEC.gov July 3, 2012
For those of you eager investors, entrepreneurs and brokers out there who want to do crowdfunding tomorrow, you’ll just have to be patient.
Until the US Securities and Exchange Commission (SEC) writes and publishes rules for this online route to equity fundraising, any solicitation you get to do it now is a scam.
Forbes June 29, 2012
On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups (JOBS) Act, a series of legislative provisions intended to facilitate capital formation in the United States. Part of this legislation included the CROWDFUND Act, which makes significant changes in current federal and state securities laws.
North American Securities Administrators Association June 29, 2012
Crowdfunding Startup GoFundMe, Which Is Like KickStarter For The Rest Of Us, Is Pulling In $2 Million A Month
Crowdfunding has become a big industry, as people are increasingly seeking ways to finance new creative projects and technology ideas. But one crowdfunding startup is focusing more on helping people raise money for personal needs, and is starting to process some serious funding in the meantime.
That startup, called GoFundMe, was actually founded in 2008, long before Kickstarter made it big and around the same time that IndieGoGo first hit the scene.
Tech Crunch June 29, 2012
When it comes to crowdfunding platforms, the biggest (or at least most well known) kid on the block is Kickstarter. So when the company announced last week it would release stats on the projects within its platform, the analyst in me got all excited. Like many, I’ve wanted more granular data on the breakdown of projects as well as which ones do better than others.
Gigaom June 28, 2012
Crowdfunding won’t work for small businesses unless the Securities and Exchange Commission limits the burdens imposed on companies that use this new method of raising capital. That’s what crowdfunding experts told members of the House Oversight and Government Reform Committee today during a hearing on the JOBS Act, the new law that aims to make it easier for small businesses to raise capital.
The Business Journals June 27, 2012
The Congressional Committee on Oversight and Government Reform held a hearing on job creation and the Securities and Exchange Commission's efforts to implement the JOBS Act. Rep. Patrick McHenry (R-NC) chaired the hearing. RocketHub's CFO, Alon Hillel-Tuch, was invited to testify on the potential the "crowdfunding for equity" model holds for start-ups, job growth, and the US economy.
RocketHub June 27, 2012
A little extreme? Maybe. And sorry for offending any VCs out there. But have you heard the news from across the pond? Two entrepreneurs + one startup + 70k followers + 14 days = $933,342.00 in funding (600,000 British Pounds). And not a venture capitalist in sight.
Call it “crowdfunding”.
Now please understand I am not knocking the VC racket. (Oops, did I just call it a racket?)
Forbes June 25, 2012
How well does crowdfunding actually work? Fundraising website Kickstarter is giving a picture of some of its own numbers, including statistics on success rates and dollars pledged. The New York company, through which customers raise money to fund creative projects, has received pledges of $261 million so far, according to data published on the company’s site. Only successfully funded projects -- those that reach their pledge goals by their deadlines -- collect money; for those that fall short, the pledges are canceled.
Los Angeles Times June 22, 2012