Tagged: massachusetts

March 9, 2015 @ 12:32 pm By JD Alois  |  

The Massachusetts Securities Division has published a call for feedback regarding the state’s crowdfunding exemption.  The rules were released as an “emergency” measure and now state authorities are asking the crowdfunding industry and other interested parties to respond to the enacted rules. Massachusetts has scheduled… Read More

March 5, 2015 @ 7:14 pm By JD Alois  |  

The state of Massachusetts, under the Office of the Secretary of the Commonwealth, enacted “emergency” crowdfunding regulations this past January. Secretary William Galvin, previously identified as highly skeptical of investment crowdfunding having vocally criticized the new form of finance, surprised industry followers when the rules… Read More

March 2, 2015 @ 9:28 am By Samantha Hurst  |  

On Monday (March 2nd), NeuroMetrix, Inc. (Nasdaq: NURO) announced the launch of its campaign on global crowdfunding platform, Indiegogo for a new wearable pain relief product, Quell. Frank McGillin, SVP and General Manager of Consumer Health at NeuroMetrix explained the campaign objective: “We are new to… Read More

February 17, 2015 @ 4:41 pm By Samantha Hurst  |  

KinderLab Robotics, a creator of toys and educational tools that teach four to seven year-olds to program and understand logic, has moved to new office space and manufacturing headquarters in Waltham, Massachusetts. The offices and manufacturing space is close to the historic technology hub of… Read More

February 7, 2015 @ 12:15 pm By Samantha Hurst  |  

Seeking to make changes to the old, unsafe, rather scary Massachusetts Bay Transportation Authority’s subway system, a Boston area resident has launched a $300M crowdfunding initiative on GoFundMe to help bring the transit into the 21st century. Explaining the situation (jokingly), campaign organizer, Janssen McCormick writes,”The… Read More

February 3, 2015 @ 4:30 pm By Samantha Hurst  |  

PALMco, a family owned and operated energy supply company, announced today that it has successfully raised an additional $25,000 for environmental science classroom projects through DonorsChoose, a non-profit crowdfunding platform where teachers can request classroom resources ranging from printer paper to educational magazine subscriptions. The combined… Read More

January 16, 2015 @ 6:47 pm By JD Alois  |  

Crowdfund Insider reported yesterday that Massachusetts, a state known for its leery stance to investment crowdfunding, released “emergency regulations” thus becoming the next state to have legalized crowdfunding in lieu of federal rules.  We now have a copy of the actual exemption (embedded below) to compare… Read More

January 15, 2015 @ 9:33 pm By JD Alois  |  

In a report from a local Media General TV station, Secretary of the Commonwealth William F. Galvin was quoted stating that Massachusetts has “adopted a crowdfunding exemption”.  While regulations were not readily available a Crowdfunding tips document was posted on the Secretary’s web site (embedded… Read More

December 18, 2014 @ 6:03 pm By JD Alois  |  

Lending Club (NYSE: LC), the  first publicly traded peer to peer lending platform, continues its expansion across the United States.  The company has shared its platforms is now available for investors based in Massachusetts.  All peer to peer lending platforms must deal with a wide… Read More

November 20, 2014 @ 12:53 pm By Samantha Hurst  |  

Today, PALMco, a family owned and operated energy supply company, announced a recommitment to funding environmental science projects in partnership with DonorsChoose.org, a non-profit crowdfunding platform where teachers can request classroom resources. As part of the DonorsChoose.org “Double Your Impact” initiative, PALMco will fund 50% of qualified… Read More

November 17, 2014 @ 9:04 am By Samantha Hurst  |  

Olin College startup indico announced $3 million in initial funding as part of Boston’s Techstars annual Demo Day. The event, held at the House of Blues, featured 12 groups of entrepreneurs who participated in the three-month Techstars Boston accelerator program. Olin College student and induce… Read More

October 16, 2014 @ 9:00 am By Samantha Hurst  |  

Historical Concord, Massachusetts’ Louisa May Alcott’s Orchard House, which is known as the home of Little Women, launched a crowdfunding campaign last month on Kickstarter to raise $150,000 for a new documentary. The project has already raised $104,759 from 454 backers. The film will be an hour-long, PBS… Read More

September 11, 2014 @ 11:25 am By Samantha Hurst  |  

Boston-based NVBOT, a 3D printing startup founded by MIT students, announced on Thursday (September 11th) it will be releasing the latest version of its self-titled 3D printing solution. Already proven to play a role in STEAM (Science, Technology, Engineering, Arts and Mathematics) innovation, as well… Read More

March 5, 2014 @ 10:38 am By Kendall Almerico  |  

A recently Marist-McClatchy poll found that eight out of 10 Americans no longer believe they can achieve the American Dream. Almost the same percentage of those polled said that things will not get better for future generations. The level of pessimism regarding the present economy… Read More

January 20, 2014 @ 5:11 pm By JD Alois  |  

Filed on the exact same day that the request for comments were open on the Securities and Exchange Commission platform, the state of Massachusetts posted a comment letter regarding proposed regulations for the new Regulation A under Title IV of the JOBS Act of 2012…. Read More

November 26, 2013 @ 10:14 am By Charles Luzar  |  

The State of Massachusetts, under the direction of Secretary of State William Galvin, spun up a crowdfunding watchdog group called I-Crowd. Yesterday the group released a brochure aimed at educating the public on what to watch for when considering investing in crowdfunding offerings. The I-Crowd… Read More

August 15, 2013 @ 1:49 pm By Charles Luzar  |  

Massachusetts Secretary of State William Galvin has taken a public stance on general solicitation, citing it as a risk to potential investors. This is at least in part the reason behind his launching a task force aimed at policing crowdfunding platforms, offerings and their issuers…. Read More

June 28, 2013 @ 9:11 am By Charles Luzar  |  

The Center for Independent Documentary has chosen Mimoona as the service provider for their new documentary-focused crowdfunding platform. Mimoona is one of a number of white-label crowdfunding platforms that enable entrepreneurs to launch a crowdfunding platform quickly and easily. Mimoona takes 2.5% of total funds raised… Read More

May 27, 2013 @ 11:10 am By The Boston Globe  |  

As a young industrial designer fresh out of school, David Laituri worked at General Motors. “There were American cars and there were foreign cars, and if you had a Honda, you had to park it in the far parking lot,” he says. That was the… Read More

December 30, 2012 @ 2:16 pm By JD Alois  |  

There was a recent release this past week coming from a law firm, titled: Are Massachusetts Crowdfunding Actions a Sign of Things to Come? This appeared to highlight the forthcoming risks of crowdfunding.  The statement starts by declaring; Massachusetts’s regulators recently filed fraud actions against… Read More