Monthly Archives: June 2013

Blurring the Lines On Crowdfunding

What is rewards-based crowdfunding but a pre-sales mechanism? The infomercial company, As Seen On TV, has created a new crowdfunding platform (using a white label website created by Launcht) to crowdfund (or pre-sell) consumer products that fit a “certain price … Continue reading

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Crowdfunding Rewards Get Exotic

Crowdfunders are getting more imaginative (or perhaps more brazen) with the rewards they are providing to their donors. Planetary Resources is offering a “space selfie” from its first publicly accessible space telescope (goal attained); the feature film “Live Nude Girsl” … Continue reading

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Crowdfunding: Dead on Arrival?

A commentator in Venturebeat suggests that crowdfunding via The JOBS Act is already dead. http://venturebeat.com/2013/06/21/state-crowdfunding-state-banks-will-moot-the-jobs-act/ The better solution is intra-state crowdfunding legislation (passed in GA and KS with bills pending in NC and WA)  and state banks (ND) that will loan … Continue reading

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Ready or Not – More Crowdfunding Legislation

Even though the SEC has yet to provide regulations to make the Crowd Fund Act effective, Congress is working on JOBS Act 2.0. Politico reported that the House Financial Services Committee is looking at a number of items, including making … Continue reading

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The Shame of Crowdfunding

As noted previously, the crowd funding phenomena has created a new class of consultants who, according to a WSJ article, get 5% to 13% of the net take and have earned  $20-30,000 per year. These professionals create buzz about their … Continue reading

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The Ying and Yang of Crowdfunding

The ying and yang of crowdfunding says that if it can be used for good, it can also be used for bad, or at least tasteless. The internet gossip rag Gawker crowdfunded $200,000 to pay an unnamed source to hand … Continue reading

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Crowdfunders Sniff Out Bad Meat Project

Cale Weissman posts today about how the crowd at Kickstarter sniffed out a potentially fraudulent project purporting to raise money for Kobe beef jerky. Unlike rewards based crowdfunding, under the Crowd Fund Act, the funding portals will be tasked with … Continue reading

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