Monthly Archives: August 2018

Crowdfunded Balloon To Fly In London

The right can play the blimp game also. After raising £59,452  of £75,000 stretch target in a crowdfunding campaign, Yanny Bruere, a “free speech” advocate running the Make London Safe Again campaign (sound familiar?), is planning to fly a blimp … Continue reading

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FTC Investigating Kickstarter Campaign

Crowdfunding buyers of the iBackPack have recently received inquiries from the Federal Trade Commission about the Kickstarter and Indiegogo crowdfunding campaigns that raised over $700,000 but have, as yet, fundamentally failed to deliver a product to its consumers. While the … Continue reading

Posted in accredited investor, balance, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Swiss Loosen Money Laundering Rules For Fintechs

In a move counter to today’s legal tightening, Swiss banking authorities are loosening rules to counter money laundering for small new fintech companies. The regulator, FINMA, has determined that “small” institutions are those with gross revenues under 1.2 million Swiss … Continue reading

Posted in accredited investor, Banking, Banks, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, Dodd Frank, fraud, Investments, Jobs, Legislative Intent, review, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment

VC Unicorn Crowdfunds News Operation

Would you donate to a crowdfunding effort by a Silicon Valley Unicorn? BuzzFeed News, a private venture capital backed company valued at over $1.7 Billion, is, according to the Wall Street Journal, planning to ask readers to donate “between $5 … Continue reading

Posted in accredited investor, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , | Leave a comment

Costs of Crowdfunding Revealed

An unscientific survey of the costs of an SEC Regulation CF #crowdfunding campaign found that, with an average capital raise of $319,040, startups spent an average of $16,878 (median $10,600). The average startup had 3 people focused on launching the … Continue reading

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Crypto & Crowdfunding Come Together

Crowdfunding has officially met cryptocurrency as the popular site Indiegogo is now hosting the Initial Coin Offering for the St. Regis Hotel Aspen. The hotel company is using Rule 506(c) under Regulation D to sell security tokens that will represent … Continue reading

Posted in accredited investor, Broker dealers, checkbook, Crowd Fund Act, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Not The Season For Crypto ETFs (Yet)

It’s still not time for cryptocurrency Exchange Traded Funds according to the Securities and Exchange Commission. Yesterday, it denied 9 applications to operate Bitcoin ETFs giving as their reason (as they reasoned when they turned down the Winklevoss Twins recently): … Continue reading

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