Tag Archives: fail

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

Duh? Crowdfunding is Risky.

This is news? The Wall Street Journal reports today that crowdfunding is ” …as close to gambling as you can get.” In a story in its Retirement section, the Journal finds that, OMG, investing in crowdfunded companies is risky and … Continue reading

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

DIY Crowdfunding Advice

In a well worn article, the Wall Street Journal rehashes advice on how to be a successful crowdfunder. Most importantly, it suggests that forming an entity (corporation or limited liability company) to protect your personal assets against (fraud) claims. You … 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, States, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Cold Water for Crowdfunders

A little cold water for crowdfunders: Most Kickstarter campaigns have failed. As of today, some stats from Kickstarter. Since inception, Kickstarter has raised over $920 million. Fees to Kickstarter have totaled approximately $46 million (5%), with payment processing fees of … Continue reading

Posted in Broker dealers, 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment