StartEngine’s CEO Urges Crowdfunding Leaders to Push SEC to Release Title III Rules

Mary Jo White 865 days and Counting

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On Wednesday (August 20th), more than 40 participants from the crowdfunding industry gathered on a call to discuss key topics about the industry’s future. Those on the call were urged to join the #VoteOnCF movement, a campaign that urges the SEC to vote on the proposed rules of Title III.  In a recent article on… Read More

Diaspora Social Network, Originally Crowdfunded on Kickstarter, Now Being Used by ISIS

description of Diaspora

In a posting on the Diaspora blog entitled, “Islamic State Fighters on Diaspora*”, the site operators have clarified they cannot prevent anyone from using their software as multiple reports have been released indicating ISIS is actively using their platform. ISIS, or Islamic State of Iraq and Syria,  is a radicalized Islamic movement that has terrorized… Read More

GoFundMe Hosts Crowdfunding Campaigns for Both Darren Wilson & Michael Brown

Michael Brown Darren Wilson Crowdfunding Campaigns GoFundMe

Ferguson, Missouri Tragedy Has Captured Global Headlines as Both Sides Raise Funds via Crowdfunding. It has become the norm for sympathetic supporters, family members or those who just want to help out to launch crowdfunding campaigns to donate funds to assist those in need.  The day of August 9th started like any other in the… Read More

Update: Peachtree Audio’s deepblue2 Finishes Run on Indiegogo; Raises 498% of Original Goal

deepblue2 1

With only hours remained of its Indiegogo crowdfunding campaign, Peachtree Audio’s deepblue2 raised nearly $315,000 from close to 1,000 backers. Originally seeking only $63,000, the device reached its goal in a matter of days and continued to be a huge hit. deepblue2 uses a custom-developed 440-watt amplifier that is five times more powerful than any… Read More

Detroit Company Raises $50,000 on Patronicity to Clean Up City Alley

Midtown Detroit 1

Ready to make changes to the neighborhood, Midtown Detroit Inc. launched a $50,000 crowdfunding campaign on the platform Patronicity to clean and make green the alley between Alexandrine and Selden streets. The project raised $52,290 and will now receive help from other Detroit-based companies. According to Crain’s Detroit Business, the Michigan Economic Development Corp. will… Read More

Coin Delays Full Launch Until 2015

Coin one size fits all

According to several reports, Coin – the one card to replace them all- has delayed complete launch until next year. COIN released a wildly popular product as part of pretail crowdfunding campaign.  A witty pitch video, that went viral, described a product that most people quickly understood – and wanted.  A single credit card sized… Read More

Indiana Secretary of State Promotes New Crowdfunding Law

Indiana Small Businesses Engine of Economy

With a little under two months since investment crowdfunding has been legal in the state of Indiana, Secretary of State Connie Lawson spoke about the new opportunity the intrastate exemption is providing for growing businesses. Speaking about the state’s crowdfunding progress, Lawson stated, “Small businesses are the backbone of our economy so this is an… Read More

Kreyos Founder Steve Tan Responds to Disgruntled Backers

Happy Steve Tan Shopping

In a posting on Facebook the elusive Steve Tan, founder of the Kreyos Smartwatch, responded to his critics.  For those of you who are just catching up now,  Kreyos launched a crowdfunding campaign on Indiegogo in 2013 that was hugely successful.  The campaign closed as one of the most funded campaigns ever on the global… Read More

Australian Auto Maker Launches Crowdfunding Campaign For Supercar

Joss 3

Not letting a little speed bump get in the way of his automobile dreams, Australian native Matt Thomas launched a crowdfunding campaign on Kickstarter to bring his small supercar startup, JOSS, back to life. According to Motor Authority, Thomas founded JOSS in 1998 with a vision to design and produce a world-class supercar that was… Read More

On Who Gets Funding: Common Sense and Nonsense

Herd of Sheep Stampede

Recently, a man raised $55,492 on Kickstarter to make potato salad. While this campaign gained widespread attention, it is one of the strange and somewhat senseless campaigns that have been funded far past the initial goal amount. This drives the question: is crowdfunding being led (or misled) by a misguided herd mentality? Media tends to… Read More

MP Craig Foss Talks Crowdfunding on Snowball Effect

Craig Foss

The Honorable Craig Foss, a member of Parliament in New Zealand and former banker, has shared his opinion on the benefits of equity crowdfunding and peer to peer lending on Kiwi crowdfunding platform Snowball Effect.  The Financial Markets Conduct Act (FMC Act) legalized both equity crowdfunding and P2P lending in New Zealand.  The country has… Read More

Brief: Kickstarter Food Category Has Reached $50 Million in Pledges

Omnivore Salt Prep

So the Food Category on Kickstarter is not their biggest category by far.  In fact Food sits in 7th place with a below average success rate of a bit over 34%. The largest category on Kickstarter is games (both video and board games) representing about a quarter of all funding that flows through the rewards… Read More

GlobalGiving is Raising Funds for Ebola Epidemic Relief

Act Safe Ebola GlobalGiving

Non-profit donation based crowdfunding platform GlobalGiving, has launched an Ebola Epidemic Relief Fund to allow donors to contribute directly to locally driven Ebola relief efforts in West Africa.  The fund has been set up to supper nearly a dozen nonprofits that have been vetted by GlobalGiving. GlobalGiving reports that to date over 1500 individual donors… Read More

Organizers Behind “God Loves Gays” Billboard Raise Over $50,000 on Indiegogo

God Loves Gays 2

The “mysterious” comedian behind the Facebook Page, God, launched a Indiegogo crowdfunding campaign earlier this month to create billboard advertisements that support God and his love for gay people in the hometown of infamous religion organizations, Westboro Bapitst Church. The Topeka, Kansas-based “church” has been notoriously known for its hateful protests at soldier funerals, along… Read More

Stone Brewing Company Pushes Past $2M on Indiegogo

Stone Brewing Company

With less than a week and a half left crowdfunding on Indiegogo, California-based Stone Brewing Company has reached another huge milestone pushing past $2 million with the support of over 12,000 backers. The brewery’s flexible funding campaign was launched last month with an initial goal of $1 million for its groundbreaking collaborations. The adult beverage company embarked… Read More

Social Lending Awards are Set for January in UK

Social Lending Awards Judges

The inaugural Social Lending Awards is preparing to take place in London this coming January.  A veritable who’s who in the crowdfunding and peer to peer lending space will be participating in the ceremony.  The awards represent a major first for the social lending community with the intent to become the leading annual industry gathering for… Read More

Employees of Nice-Matin Launch Crowdfunding Campaign to Save Their Newspaper

Journalists at Nice Matin

“Les titres du groupe Nice-Matin sont au bord de la faillite” The staff of the French daily newspaper, Nice-Matin, has launched a crowdfunding campaign on the French platform Ulule to raise €300,000. The funds raised will hopefully save the publication and convert it into a worker’s co-operative.  According to the crowdfunding campaign page the paper,… Read More

Bunch O Balloons Finishes Its Run on Kickstarter; Raises $929,000

Bunch O Balloons 3

During the remaining hours of its crowdfunding campaign on Kickstarter, Piano, Texas-based company Tinnus Enterprises raised $929,160 from 21,455 for its fun-for-all product, Bunch O Balloons. As previously reported, founder and father of eight, Josh Malone, took to the crowdfunding giant to raise only $10,000. Within days, the campaign not only reached the initial goal,… Read More

Company Behind Vessyl Cup Closes on $3 Million Seed Round

Mille Vessyl (Limited)

Mark One, the company behind Vessyl, a cup that automatically tracks your consumption has closed $3 million in seed funding co-led by Felicis Ventures and Li Ka-shing’s Horizons Ventures. Vessyl ran a pretail crowdfunding campaign this past July where they quickly jumped to over $1 million in pre-sales.  Vessyl tracks the users consumption throughout the… Read More

Kreyos Smartwatch Called Scam As Backers Demand Refunds or Resolution

Kreyos on Wrist

Here is another crowdfunding campaign that is being labeled a “scampaign”.  Android Police published an article  last night on the odyssey of the Kreyos Smartwatch.  This was preceded by a post on Medium by Jonathan Barronville – another backer. Kreyos ran an enormously successful crowdfunding campaign on Indiegogo in June of 2013.  Labeled the ONLY smartwatch… Read More