Monthly Archives: May 2013

A Little Crowd Funding Schadenfraude

For those seeking some crowd funding schadenfraude, 90’s TV star Melissa Joan Hart (“Sabrina, The Teenaged Witch”), closed her $2.0 million crowd funding project early after garnering only $51,000. Unlike Zach Braff, Hart was unable to raise the funding for … Continue reading

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Is Rep. McHenry For or Against Crowdfunding?

On April 17, Rep. Patrick McHenry (R-NC) posted on his blog that the SEC “(B)y ignoring the deadline to implement a key provision of a bipartisan law approved a year ago, … is costing America‚Äôs struggling economy desperately needed jobs.” … Continue reading

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Indie Producer Won’t Use Crowdfunding

Kevin Smith, the “multi-hyphenate” producer of indie films (latest “Red State”) won’t use Kickstarter to fund “Clerks III” because, he says, it’s “not fair to real indie filmmakers who need the help. Unlike back when I made “Clerks” in ’91, … Continue reading

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Crowdfunding – Faster! No, Slower!

Why do some folks think that Congress is bipolar? Maybe it’s because it’s putting pressure on the SEC to finalize the crowdfunding rules under the JOBS Act as soon as possible while at the same time considering requiring the SEC … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Will White Tackle Crowdfunding?

SEC Head Mary Jo White appears to be moving forward with finalizing regulations left undone by former chiefs Mary Schapiro and Elisse Walter. The Washington Post reports that yesterday, White appointed Keith Higgins of Ropes & Gray to head the … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Braff Leverages His Crowdfunding

Zach Braff, the star of the TV series Scrubs and the most recent Hollywood-type to crowdfund his pet movie project, has, on the basis of his Kickstarter campaign (now at $2.6 million from 38,797 backers with 8 days to go) … Continue reading

Posted in Banking, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Company Man

Not sure if this story is true, but if it is, it’s pretty scary. Wired writes about a 30-year-old part-time entrepreneur named Mike Merrill who sold himself on the open market. He divided himself into 100,000 shares and set an … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment