Monthly Archives: August 2014

Peer-To-Peer Lender Files For IPO

Crowdfunding continues to become a legitimate funding alternative as Lending Club files for an IPO this week. Pre-filing valuation was at $4 Billion and the offering is seeking to raise $500 million. LC is a peer-to-peer lender that has recently … 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, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Burrito Bond Crowdfunded Successfully

The UK crowdfunding portal CrowdCube is touting the “first” crowdfunded Burrito Bond. The London-based Mexican-style restaurant chain, Chilangos, has successfully raised over GBP2 million (1 million over its target) selling 4 year “mini-bonds” at 8% interest to more than 600 … Continue reading

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Shark Tank Victims Give Advice for Crowdfunders

Shark Tank victims give some good advice in the Wall Street Journal to future crowdfunders, including: pitch the top 3 most important things; get your numbers right; have the salesmanship and perseverance as well as the business plan to make … Continue reading

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Biggest “Bad Actor” in Town

Back in Sept. 2013, when the SEC amended Reg. D permitting advertising of private placements, it also issued a companion rule that said that persons that commit certain actions, including being a recipient of an SEC administrative disciplinary order, would … 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Big News Crowdfunds to Pay for Its Reporters

We’ve seen major Hollywood studios do it (Warner Bros crowdfunding “Veronica Mars”). Now the news media wants you to pay for its journalists. Not in some foreign land, but in Ferguson, MO. The Huffington Post has posted a The Ferguson … Continue reading

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

Bizarre IPO Cancelled Due to Shareholder Failure to Perform

Vascular Biogenics issued shares in its $65 million IPO last week but after 6 days of trading on the Nasdaq, the company cancelled the offering and all trades were reversed. This bizarre situation resulted from the refusal of a standby … Continue reading

Posted in Banking, 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Tax On Crowdfunding An Innovation Blocker?

As I’ve mentioned before, if you crowdfund on a “rewards” web portal like Kickstarter and pre-sell a product, the IRS believes that the money you receive is income and wants to tax you on it. In Australia, there is a … Continue reading

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