Tag Archives: bankruptcy

Crowdfunded Business Fails

“A Very Sad Goodbye” is the latest update from Ossic X’s Kickstarter page. Although it is apparently still asking for money, the company says “It is with an extremely heavy heart that we must inform you that OSSIC is shutting … 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, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, 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 … Continue reading

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

Selling Stock On GoFundMe – Bad Idea

Let’s face it. Trying to crowdfund millions of dollars to take over a company where the donors get nothing in return is not a viable strategy. Issac Larian’s effort to raise $1 Billion has garnered only $62,000 in pledges to … Continue reading

Posted in accredited investor, balance, Broker dealers, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, discrepancies, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

ToysRUs Crowdfunding A Publicity Stunt

Billionaire Issac Larian is taking some flak for crowdfunding his attempt to rescue ToysRUs from liquidation. As previously noted, he’s offering donors a bumper sticker in exchange for their money, but no equity. His GoFundMe page says that he’s raised … Continue reading

Posted in accredited investor, Charity, checkbook, 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, VC, Venture Capital | Tagged , , , , , , , , , , , , , | Leave a comment

Billionaire Crowdfunds To Buy ToysRUs

If you’re a billionaire and want to do a bankruptcy buyout, do you really need to offer bumper stickers to people who donate (ie, not get equity) into your deal? NBC reports that the head of a private entertainment company … Continue reading

Posted in accredited investor, balance, Banking, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Investments, Jobs, Legislative Intent, review, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

A Happy Crowdfunding Ending To A Disaster

Would you crowdfund a motorcycle helmet with an Augmented Reality display on the visor? Over 1,900 backers put up almost $2.5 million at $1,500 a pop, but only a handful of helmets were delivered and tech support vanished and the … Continue reading

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

Banks Ban Use of Credit Cards To Buy Bitcoin

The money center banks, CitiGroup, Capital One,Bank of American and JP Morgan have now banned the use of their credit cards to buy Bitcoin. This is in reaction to many consumers who are leveraging their purchases using credit card debt. … Continue reading

Posted in accredited investor, Banking, Banks, CFTC, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, insufficient funds fees, Investments, Jobs, Legislative Intent, NSF, overdraft fee, Small Business, technology | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Kodak ICO Apparently Re-Boot Of Failed Crowdfunding

Some good reporting by ArsTechnica has uncovered that the Kodak Initial Coin Offering is apparently a re-hash/re-boot of a failed ICO by Wenn Digital known as the RYDE coin. The article notes that “RYDE coin that never got much attention … Continue reading

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

Congress Has Citizens Fighting Each Other To Crowdfund Their Healthcare

With high medical expenses for catastrophic illnesses being the single major cause of personal bankruptcies in the U.S., many sick people are turning to crowdfunding to help pay their medical bills. But Mother Jones suggests that crowdfunding may be “fueling … Continue reading

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

“Old World” Cab Company Crowdfunding To Stay Alive Vs. Uber

The last worker-owned “old world” taxi cab company in San Francisco is fighting for its economic life by crowdfunding on the charity site GoFundMe. Buffeted by Uber and Lyft, the original “green” cab company with a social mission of lowering … Continue reading

Posted in accredited investor, Charity, checkbook, Citizens Bank, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment