Tag Archives: pre-sale

FTC Investigating Kickstarter Campaign

Crowdfunding buyers of the iBackPack have recently received inquiries from the Federal Trade Commission about the Kickstarter and Indiegogo crowdfunding campaigns that raised over $700,000 but have, as yet, fundamentally failed to deliver a product to its consumers. While the … 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, technology, VC, Venture Capital | 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

Crowdfunders In A Bankruptcy: Go To The Back Of The Line

Everyone knows that startup financing is risky, especially crowdfunding. Although Kickstarter is requiring companies to show a prototype, the risk of design, production and delivery is still high and many companies fail. What you should know is that when your … Continue reading

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

The Rise of Serial Crowdfunding Scammers

Perhaps someone should start a Black Book of serial crowdfunders who raise large sums of money and continually fail to deliver on their promises of finished products. One complaint comes from HeatStreet where it alleges that so-called “social justice warriors” … Continue reading

Posted in accredited investor, Broker dealers, Charity, Consumer Financial Protection Bureau, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, Investments, Jobs, Legislative Intent, SEC, Small Business, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding While Cleaning Toilets

With crowdfunding now a $34 Billion a year industry, it is starting to change lives. As noted in the Washington Post article, crowdfunding is helping struggling artists get a start while they clean toilets to pay the rent. Crowdfunding seems … Continue reading

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

Pay Today, Get Tomorrow – A Real Business Model

Christina Bechold writes in the Wall Street Journal about how to start a start-up: ” Ask ‘Does anyone else really want this?’ You go door-to-door. You collect data points. You figure out who your competition is. You ask your friends … Continue reading

Posted in 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

Crowd Funding Record

Indiegogo has announced that they have procured the “biggest crowdfunding campaign of all time” raising over $10.2 million for The Ubuntu Edge. The Ubuntu Edge is the next generation of personal computing: smartphone and desktop PC in one state-of-the-art device. … Continue reading

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