Irish Pro-Choice Crowdfunding Site Attacked

As of 1983, abortions became constitutionally illegal in Ireland by the Eighth Amendment, although women are allowed to leave the country to obtain one.

Together For Yes is a social movement and #crowdfunding campaign that is seeking to overturn the Eighth Amendment.

Facebook and Google have now pushed the campaign off of their platforms. And on May 9th, its own crowdfunding website was hit by a distributed denial of service (#DDoS) attack from inside the country.

“The attack took place at 5.45pm, which would ordinarily have been a peak time for donations, and the website shut down for 30 minutes.”

The referendum takes place in Ireland on May 25, 2018.

https://www.siliconrepublic.com/enterprise/referendum-ddos-attack-ireland

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Posted in balance, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Legislative Intent, technology | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunders Grouse About Reg. CF

People are grousing that the Securities and Exchange Commission’s Regulation Crowd Funding isn’t helping small business like it should.

Although 438 small companies have raised over $105 million since the regulation went effective in May 2016, the complaints about the disclosures, paperwork, accounting requirements and dollar limitations persist.

Even successful companies like Hylete complain that investors were upset that some could not invest because the funding limit was hit. (They did not do it right).

However, the alternative is the wild west of rewards crowdfunding where Kickstarter says that the current success rate is 36.1%, and where over promises in the best cases often result in delayed deliveries and in the worst cases are real fraud.

If you have a problem with Reg. CF suggest a way to make it better and stop bitching.

https://www.csmonitor.com/Business/2018/0509/Crowdfunding-loses-luster-as-investment-strategy-for-small-businesses

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

Misleading Crowdfunding For Stem Cell Therapy

The Journal of the American Medical Association (JAMA) published a paper that noted that crowdfunding campaigns used to raise money for generally unproven stem cell therapy are often misleading.

The authors studied 408 campaigns to determine how they represented the risks and efficacy (whether the treatment would be successful) of the therapy to be used.

The representations were ranked from low/no risk, medium or high risk. Efficacy was ranked from definitive to optimistic to no statements made.

Of those surveyed, 43.6% were definitive about efficacy, 30.4% were optimistic or hopeful, 15.4% were both definitive and optimistic and 10.5% made no efficacy claims.

However, strikingly, all mentions of risks said that the treatments had low/no risk compared to alternative treatments.

Thus, the researchers found that the campaigns under emphasized the risks and overstated whether the therapy would actually work.

https://jamanetwork.com/journals/jama/article-abstract/2680538?redirect=true

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

Crowdfunded Luggage Maker Regulated Out of Business

 A sucker punch in business is when you get hit from behind without warning.

Smart suitcase maker Bluestart took it hard. After #crowdfunding $2 million as a startup, it started making luggage that held lithium batteries so you could re-charge your mobile devices on the go and had a GPS chip so the bags could be tracked through the airport baggage systems.

But when the airlines imposed restrictions on lithium batteries in cargo holds due to potential fire hazards, sales tanked and Bluesmart is going out of business.

Sometimes even the risk factors can’t predict all the bad stuff that could happen.

Who knew?

http://www.aviationpros.com/news/12411359/maker-of-smart-luggage-goes-out-of-business-after-airlines-ban-bags-with-built-in-batteries

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Gun Startups Try Crowdfunding

Like the alt-right which has found no love on existing crowdfunding platforms, the gun industry is now seeking alternative sites to raise cash for entrepreneurial projects.

As one fund raiser puts it: “Parkland really brought out this open warfare against the gun community…”

So, an enterprising group has opened a website, gundynamics, for those who seek to profit from a currently shunned business.

That site owner is attempting to raise $50,000 for an adjustable trigger, garnering only $6,800 to date.

It’s a pre-sale campaign for the ST-1911 trigger.

https://dailytimes.com.pk/236836/shunned-by-corporations-us-gun-entrepreneurs-launch-start-ups/

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

Crowdfunding To Die

Exit International, a right to die organization, has set up a crowdfunding page to pay for a flight to Switzerland for 104 year old Prof. David Goodall.

The title of the page is “Help David Go To Switzerland.” Reading further you will note that the purpose of the trip is to allow Prof. Goodall to commit suicide, which is legal is that neutral country.

“Swiss law prohibits doctors from administering the lethal drugs, but allows people to take such medications for “non-selfish” reasons and hosts centers dedicated to assisting foreigners with ending their lives.”

The crowd has raised $20,906 of $15,000 goal from 375 people in 12 days.

No word on the fate of the good Professor.

http://www.newsweek.com/104-year-old-scientist-who-crowdfunded-his-euthanasia-arrives-switzerland-die-909240

Posted in Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Legislative Intent | Tagged , , , , , , , , , , , | Leave a comment

Telegram Avoids An Initial Coin Offering

Telegram, the encrypted messaging app now banned in Russia and Iran, announced that it was abandoning its plans for a public Initial Coin Offering since it was able to raise $1.7 Billion from fewer than 200 private investors.

Some think that the reason for avoiding a public offering was due to the rising scrutiny of the SEC and other regulators who have been debating the legal aspects of ICOs for months and have started to crack down on obvious fraudulent schemes.

The crypto press acknowledges that the cryptocurrency “space has become bogged down with schemes, poor products, and flat out thievery, and the need for supportive regulation is clear.”

And the result is that it is leaving the speculation to the people who can afford to lose their entire investments when the music stops.

https://cryptoinsider.21mil.com/what-does-telegram-canceled-ico-mean-for-the-future-of-crypto-crowdfunding/

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