Tag Archives: loss

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

Insurer Denies Crypto Exchange Claim

Scary times in crypto-currency land as a major Korean insurer has denied the claim of a Bitcoin exchange. Yapian, the parent of YouBit, a crypto-currency exchange, filed a $2.8 million claim to recover for the hack with its insurer DB … 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, technology | Tagged , , , , , , , , , , , , , , | Leave a comment

Hacked Japanese Crypto Exchange Promises Discounted Refunds

More bad news for crypto-currencies as the Japanese exchange reported the largest hack in crypto history, >$500 million. But, the exchange, Coincheck has promised to pay its 260,000 customers for their losses out of its own pocket (but doesn’t know … 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, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Site Defends Its Diligence Process

In 2015, UK company Rebus raised “£816,790 via crowdfunding platform Crowdcube last year to fund an expansion that aimed to deliver investor returns of up to 10 times within three years,” per the Financial Times. It has since gone into … Continue reading

Posted in accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, technology, VC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Gone Guy – Crowdfunder Disappears

News reports the radio silence of the Kickstarter fund raiser (“Jig”) who received over $114,000 from more than 4,000 backers to create his video game The Stomping Land in June 2013. The latest communique is apparently a bulletin board message … Continue reading

Posted in Charity, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

When The Norm Is Failure

The Crowd Fund Act will require investor education and acknowledgement of risks. One of the risks will be that, based on a report in today’s (9/20/12) Wall Street Journal, 30% to 40% of “high potential U.S. startups fail,” failure defined … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Funding Portals, Investments, Jobs, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment