Tag Archives: failure

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

Kickstarter Stat Check

Here’s a stat check from Kickstarter: Of the 385,810 total projects, only¬†35.6% were successful as of today. The top five crowdfunding categories (in order) are: Music, Film, Games, Publishing and Art. In the Music category: 10% raised <$1,000; 71% raised … Continue reading

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Bad Crowdfunding Idea: Novel AND Useful

Want to make sure your crowdfunding campaign doesn’t meet its target? Then have a company that is a novel business that provides useful solutions to tough problems. Although that sounds like the perfect combination, a new study says: “When projects … 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Fine Line Between Crowdfunding Fraud and Bad Business Judgment

Failed crowdfunding companies may come close to committing fraud. Such is the story of Kanoa, the wireless earbud firm that displayed signs of failure at various stages, but no one person had all the facts to conclude that the company … 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, SEC, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunded Microbrewer Disappears Into The Mist

The Kansas City Star has outed Wilderness Brewing, a Kickstarter crowdfunded microbrewery for allegedly disappearing with donor money. It’s two owners raised over $40,000 six years ago to open the beer factory and have failed to do so and have … 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 | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Lego Drones Bypass Crowdfunding

With spectacular failures to deliver promised products on time (Coolest Cooler) or at all (Zano Nano Drone) and with this statistic running at an average of 9% of all successfully funded crowdfunding campaigns, the Lego Drone guys decided that the … Continue reading

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

Magazine Sours On Crowdfunding

The PopSlate 2 phone case million dollar crowdfunded startup is the latest big bust for Indiegogo as the crowdfunder has notified backers that it is filing bankruptcy. There will be no delivery of promised product and no backer refunds of … Continue reading

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