General News

July 16, 2013 @ 12:34 pm By Charles Luzar  |  

There was a question recently posted to Quora seeking perspective on the interplay of regulation and the crowdfunding industry. Gust CEO David S. Rose offered an answer and it actually serves as a great primer on the crowdfunding industry as a whole. Read below… Read… Read More

July 16, 2013 @ 8:57 am By Charles Luzar  |  

The California Stock Xchange (Cal-X) and Cal-X Crowdfund Connect has selected San Diego-based EarlyIQ to provide enterprise management reports for use in vetting companies listed on the exchange. RELATED – From Main Street To Wall Street And Back: Cal-X Determined To Help Startups Succeed In partnership… Read More

July 15, 2013 @ 10:42 am By Charles Luzar  |  

479 backers can and should be proud. They had a major hand in achieving a goal that stood unmet for 30 years. That goal is called the Sikorsky Prize, and it is centered around a seemingly simply goal: make a human-powered helicopter fly for 60… Read More

July 14, 2013 @ 10:12 am By JD Alois  |  

Steve Case the former CEO of AOL, crowdfunding advocate and current Chairman and CEO of Revolution – a venture capitalist group, released a formal statement regarding the recent movement by the SEC on a portion of the JOBs Act. “I was pleased to see the… Read More

July 14, 2013 @ 8:12 am By JD Alois  |  

But Majority Are Not Noncerned That Crowdfunding Will Negatively Impact IPOs. BDO – a global accounting and consulting firm has released a report that which show skepticism on the part of executives regarding the intentions of the Jobs Act.   According to their research: Only… Read More

July 12, 2013 @ 2:59 pm By JD Alois  |  

The Crowdfunding Professional Assocation or CfPA has issued a release sharing their appreciation of the recent progress made regarding the Jobs Act.  Equity-based crowdfunding came one step closer to reality this past Wednesday as the SEC  voted to lift the ban on general solicitation of private placements… Read More

July 12, 2013 @ 9:33 am By Charles Luzar  |  

Fundable has released the following infographic explaining the high-level details of the removal of the ban on general solicitation for select private placement offerings. Fundable is a Columbus, Ohio based crowdfunding platform. NOTE: Brian Knight of CrowdCheck points out that the requirement to file Form… Read More

July 12, 2013 @ 12:30 am By JD Alois  |  

In an interview by CNBC’s Julia Boorstin at the Sun Valley gathering, famed Venture Capitalist commented on several issues regarding the financial world.  Andreessen continued on the theme that today’s IPO Market is “broken”. Effectively there is a two class market where private companies are… Read More

July 11, 2013 @ 10:36 pm By JD Alois  |  

As previously reported, FINRA held a board of Governors meeting today and addressed several important issues.  One of their agenda items was Title III of the Jobs Act which covers crowdfunding. In posting on the FINRA site signed by CEO and Chairman Richard Ketchum, FINRA… Read More

July 11, 2013 @ 5:31 pm By JD Alois  |  

Announces Founding Leadership of Organization.  Return on Change CEO Sang Lee to be Executive Director. Fifty leaders in the global crowdfunding industry are uniting to create a think tank for the advancement of a global crowdfunding ecosystem. CF50 is a nonprofit invite-only membership organization consisting… Read More

July 11, 2013 @ 3:00 pm By JD Alois  |  

In a Delivering Alpha segment on CNBC this morning, Second Market CEO Barry Silbert commented on the SEC’s revocation of the ban on General Solicitation, or advertising, for certain equity offerings.  Silbert notes that $1 Trillion a year is raised via private offerings and this… Read More

July 11, 2013 @ 11:37 am By Charles Luzar  |  

This is pretty amazing. A backer of Zach Braff’s Kickstarter campaign for his new movie “Wish I Was Here” managed to get the actor and director to help him propose to his girlfriend. Matt Hulbert created a video for his girlfriend Janice, and the video… Read More

July 11, 2013 @ 11:09 am By JD Alois  |  

The Crowdfunding Professional Association (CfPA), a leading trade organization for the crowdfunding industry, has released the agenda for its 2nd Annual Crowd Investing Innovation Forum.  The event is to be held on August 8th – 9th in Orlando, Florida. Event organizer Luan Cox commented on… Read More

July 11, 2013 @ 9:30 am By Charles Luzar  |  

Mark your calendar. July 10th was a big day in the fight for increased access to capital in the United States, as well as the overarching timeline of the fledgeling crowdfunding industry. Title II of the JOBS Act mandated a lifting of the ban on… Read More

July 10, 2013 @ 4:31 pm By JD Alois  |  

The SEC has released a set of three different Fact Sheets regarding their meeting today which addressed General Solicitation for certain offerings as well as Disqualification of Felons or “Bad Actors” from Rule 506 Private Placements along with rules which impact the number and types… Read More

July 10, 2013 @ 4:17 pm By JD Alois  |  

The SEC has issued a formal release regarding the approval of the removal of the ban on general solicitation, or advertisting, for private securities offerings.  Simulataneously the SEC commented on the rules regarding “Bad Actors”.  Rules become effective 60 days following publication in the Federal… Read More

July 8, 2013 @ 10:49 am By Charles Luzar  |  

The Soho Loft has teamed with FundingPost.com for an event in New York City this August. The NYC VC, Angel and Crowd Investing Conference will bring together representatives from venture capital, angel groups and the crowdfunding space to discuss how to access capital in the 21st… Read More

July 6, 2013 @ 3:31 pm By Charles Luzar  |  

HarperCollins, who publishes Maurice Sendak’s Where The Wild Things Are, has filed a notice under the Digital Millenium Copyright Act. That has forced Kickstarter to pull a project that aimed to bring an unlicensed sequel of the book to backers. Geoffery O. Todd and Rich Berner had… Read More

July 5, 2013 @ 10:54 am By Charles Luzar  |  

We recently reported on troubles within Double Fine Productions regarding the development of Broken Age, the subject of their first Kickstarter campaign. That campaign was backed to the tune of $3.3 million on a goal of just $400,000. RELATED: Double Fine Out Of Money For ‘Broken… Read More

July 5, 2013 @ 9:20 am By JD Alois  |  

The FINRA Board of Governors has scheduled a meeting on July 11th – one day after the SEC meeting to review portions of the jobs act, specifically regulation pertaining to Regulation D or private placements. The FINRA board will review a proposal to solicit comment… Read More