Monthly Archives: August 2012

Support from Beyond

It is reported that Ronald Reagan will appear Tupac-like in a Hologram to support the Crowd Fund Act. (You can’t make this stuff up). http://www.deadline.com/2012/08/reagan-hologram-developer-didnt-want-to-distract-from-mitt-romney-report/

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Yes, you can

crowdfund for just about anything, including, well, click on the link (mature audiences only): http://myfreeimplants.com/

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Crowd Funding Legitimized?

More crowd funded films are finding their way into theatrical distribution. Variety announced today that Drafthouse Films has acquired North American rights to Filipino crime thriller “Graceland” with plans for a limited theatrical and VOD release next year. http://www.variety.com/article/VR1118058483.html?cmpid=NLC|DailyHeadlines

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What Are They Thinking?

Yesterday, the Securities and Exchange Commission issued proposed rules to, among other things,  permit general advertising for private placements (Reg. D offerings) provided that the issuer takes reasonable steps to verify that all purchasers are “accredited investors” as defined by … Continue reading

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Foreshadowing?

The Wall Street Journal reported today: “The Securities and Exchange Commission is set Wednesday to propose allowing hedge funds and other businesses to mass market certain private stock offerings without restricting the advertising or spelling out how businesses must verify … Continue reading

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Wrist Slap Time Friday

Note SEC open meeting tomorrow (8/29/12) regarding whether to eliminate the prohibition against general solicitation and advertising in securities offerings conducted pursuant to Rule 506 of Regulation D and under Rule 144A. On Friday, Aug. 30, Chairman Schapiro is scheduled … Continue reading

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Dawn of the Dead

Dawn of the dead? Timing is everything. Sprowtt Marketplace, placed in the “deadpool” by TechCrunch in May 2010, appears to have been resurrected and visited with the SEC about crowd funding with their Wall Street counsel in August. http://www.crunchbase.com/company/sprowtt-marketplace

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Crowd Funding Quiz

Crowd funding quiz: What is the most successful fund raising art form on Kickstarter? (A) Film; (B) Music; (C) Dance; or (D) Transmedia? According to the Washington Post, it’s (surprise!) dance, where more than 70% of campaigns succeed. http://www.washingtonpost.com/lifestyle/style/kickstarter-for-dance-choreographers-could-be-a-gold-mine/2012/08/23/62329816-ea6c-11e1-a80b-9f898562d010_story.html

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The Adults in the Room

The Crowd Fund Act seeks to have the funding portals manage and supervise the capital raising effort. Recent commenters have suggested that funding portals: (i) have FINRA as the only SRO (as well as for brokers); (ii) perform due diligence … Continue reading

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Look Out Hollywood!

The Hollywood website The Wrap has curated 12 film projects now undergoing crowd funding. While most are modest ventures, the article does note the Lindsay Lohan project that had raised over $100,000 and is now in production. Taking the Reg … Continue reading

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