Crowdfunding News Roundup: October 19, 2013

wepayVentureBeat: WePay’s API pays off, handles 648% more crowdfunding volume than last year

The headline says it all… WePay is seeing some pretty impressive traction providing payment services to crowdfunding campaigns, but they’re quickly moving toward robust solutions for platforms as well. A provided API has driven growth for WePay in the crowdfunding sector. The payment provider is now facilitating up to $1.5 million per day in transactions in the crowdfunding space.

Small Business Trends: Handling the Risks Associated with Raising Money on Kickstarter

Taxation and liability… two facets of crowdfunding campaigns that project creators need to be well-versed in before launching a campaign. This article tackles both issues and includes some solutions in regards to navigating the risks of both.

Oregon Live: Crowdfund investing gains appeal as risk of confusion grows

Are offerings to accredited investors true “crowdfunding?” That question lies at the core of this article, which tackles various forms of confusion in the crowdfunding space. It also mentions the new Fung Institute crowdfunding study, which we will be covering in tomorrow’s featured story on Crowdfund Insider.

angellist-logo2Haywire: Sobering Realities About Crowdfunding Startups

Semil Shah provides an interesting take on AngelList Syndicates, and specifically on managing the risks associated with using this new feature.

Forbes: Regulating Britain’s Crowdfunders For Their Own Sake

David Prosser examines the revelation that crowdfunding platforms in the UK actually long to be regulated. Specifically, he postulates that the platforms stand to benefit from the legitimacy and intrinsic trust that comes with operating in the sunshine. There are also potential benefits for investors that include sheltering returns from taxation.

Mashable: Researchers Know Within 4 Hours if Your Kickstarter Will Succeed

With 76% accuracy, researchers at the Swiss Federal Institute of Technology in Lausanne know whether a Kickstarter campaign will be successful or not within four hours of launch based on a proprietary algorithm. This is precisely why so many industry advocates tell crowdfunders to build a network and secure funding commitments before launching a campaign.

Yancey Kickstarter’s Yancey Strickler: the culture of advertising has been a corrupting one

Yancey Strickler opines on the difference between a good idea and a well-sold idea, an issue that is important for crowdfunding platforms like Kickstarter. “If you approach it with openness and ask people to help you, you get a lot more leeway,” Strickler says.

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