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SoMoLend In Hot Water: Allegations Of Securities Fraud From Ohio State Regulators [UPDATE]

UPDATE: The city of Cincinnati is suspending its relationship with SoMoLend pending resolution to the case described below. SoMoLend previously had a partnership with the City in order to facilitate loans for local businesses. Cincinnati.com is reporting that Ohio’s Division of Securities is investigating SoMoLend for… Read More

SEC, House Reps Spar Over General Solicitation

In a joint letter sent to SEC Chairman Mary Jo White on July 22nd, 2013, Rep. Patrick McHenry (R-NC) and Rep. Scott Garrett (R-NJ) raised serious concerns over the proposed implementation of Title II and the lifting of the ban on general solicitation for private… Read More

Soylent Rocks Funding Success on Crowdhoster, Raises Over $1 Million

“Free Your Body” is the mantra for the “meal replacement” mix Soylent which has caught the attention and imagination of thousands of supporters fascinated about the thought of being able to not worry about food.  Soylent may now free themselves from financing their product as… Read More

Advertising Private Placements Still An Evolving Process

SEC Formally Allows General Solicitation, or Advertising, for Certain Equity Offerings But Process to Accommodate is Still a Moving Target In the wake of Title II hitting the federal register, those active in the world of private placement securities are busy digesting the net effect… Read More

Brazilian Platform Queremos! Crowdfunding Concerts As WeDemand In North America

Queremos! – a crowdfunding site for concerts – has successfully organized many concerts in Brazil. The platform was founded in 2010 by five music lovers who discovered that it was difficult to get concerts scheduled in their home town of Rio. Promoters viewed the risk of scheduling… Read More

Considering crowdfunding? Burst the bubble first!

It could fund your project, boost our companies, create jobs and maybe even save our entire economy: crowdfunding. Advertised as the go-to digital cash machine if the bank doesn’t get you the money you need, crowdfunding is well on its way to become a major… Read More

Realty Mogul Now Operating In Four States, Texas Next On List

Realty Mogul issued the following release sharing the news that they’re now going to be active in four states in the US: Washington, California, Tennessee and Kansas. CEO Jilliene Helman shares a bit of insight into how Realty Mogul is strategically choosing which states to… Read More

Kickstarter Bans GMOs In Wake Of Glowing Plant Campaign

A recent Kickstarter project that aimed to reward backers with seeds for glowing plants was very well funded, having raised over $450,000. These seeds were said to produce glowing plants that had been modified with genes from fireflies and bioluminescent bacteria. Thousands of people backed… Read More

Star Citizen’s Crowdfunding Voyage Continues, Rockets Past $15 Million

When we last reported on crowdfunding video game Star Citizen it stood at $14 Million.  This was back in early July.  The ongoing crowdfunding voyage now stands at over $15 Million supported by over 221,000 “Star Citizens”. For those who have not been following the… Read More

HealthiosXchange: Equity Crowdfunding For The Health Care Sector

HealthiosXchange is a crowdfunding platform launching this month that focuses on the health care industry. It’s no secret that the health care industry is an important one here in the states. According to the US Census, the US health care sector as a whole garnered… Read More

Crowdfunding in Canada; An Interview with Craig Asano, Leader of NCFA Canada

Our neighbors to the North while much smaller in population have already established a vibrant crowdfunding scene.  With over 45% of the entire Canadian workforce employed in small business driving 28% of Canada’s GDP, it is clear that the importance of fostering a positive environment… Read More

SEC Chairman White: Crowdfunding Rules Coming In Fall

Yesterday SEC Chariman Mary Jo White addressed the timeline for implementation of the remainder of mandates enclosed in the JOBS Act, including rules regarding non-accredited crowdfund investing. The SEC has proposed or adopted rules for over 80 percent of the more than 90 Dodd-Frank Act… Read More

More Than Money: Crowdsourcing Impact

This article is contributed by Sang Lee (@rocsang), CEO and founder of Return on Change, the next generation’s investment crowdfunding portal (www.returnonchange.com). Follow Return on Change @rocspeaks for investment crowdfunding advice and updates. During a time when we have all been somewhat consumed by the importance of… Read More

Kickstarter Campaign Squanders $123K, Campaign Creator Responds

A campaign launched for a board game called “The Doom That Came To Atlantic City” raised $122,000, closing funding on June 6th of last year. Over 1200 backers chipped in. The campaign was launched by The Forking Path, a Portland, Oregon based game developer and… Read More

Balanced: Payments & Escrow For P2P Marketplaces, Crowdfunding Platforms

Balanced was created to increase the global economy through payments. As we built Balanced, it troubled me that we had adopted the closed-off culture common to the financial services industry, where everything was locked up for the sake of “competitive advantage.” That wasn’t the kind of… Read More

Crowdfunding Site Crowdcube to Partner with Innovation Warehouse

Startup accelerator Innovation Warehouse and UK based equity crowdfunding company Crowdcube have announced a formal partnership in their shared mission of growing and building innovative companies. Luke Lang, co-founder of Crowdcube, said “There’s a massive affinity between Crowdcube and Innovation Warehouse, not only in terms of… Read More

In-Depth: BancBox’s Payment Solution for Crowdfunding Platforms

One of the most important decisions any crowdfunding platform will undertake is deciding how to process payments. Platforms operate in a very specific (and complicated) context. In particular, two issues are bound to come up when considering whether to adopt a certain payment solution… Escrow… Read More

UK Crowdfunding Association Launches Wiki, Shares Policy Positions on Crowdfunding

The United Kingdom Crowdfunding Association or UKCFA has launched a very informational wiki on their site which engages users by asking for participation and feedback. The newly released wiki also indicates the crowdfunding advocate group’s position regarding important regulatory items affecting crowdfunding in the UK… Read More

Crowdfunding Platform I-Bankers Direct Comments on General Solicitation, Looks to the Future of Equity Crowdfunding

I-Bankers Direct is a new equity crowdfunding platform from a company that has been around for quite some time.  I-Bankers Securities started as a boutique investment banking firm in 1996 that has managed more than $6 Billion in transactions that went to small growth companies…. Read More

FOIA Machine on Kickstarter: Automating Freedom of Information Act Requests

The Freedom of Information Act (FOIA or FOY-ah) is a US law dating back to the Lyndon B. Johnson administration that facilitates the disclosure of information. The law is designed to hold the US government accountable for disclosing information. Additionally, it outlines the consequences of… Read More

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