Tag Archives: promises

SEC Runs Initial Coin Offering Scam

The newest, fabest ICO (Initial Coin Offering) pre-sale went live yesterday, the HoweyCoin. It offers a 15% bonus if you buy now, a number of executives who don’t exist, over 1% daily returns (go figure) and celebrity promoters. Sound fishy? … Continue reading

Posted in accredited investor, Banks, checkbook, 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

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

Indiegogo Engages Manufacturer to Avoid Crowdfunding Failures

One of the biggest issues in crowdfunding is the inability of companies to deliver promised products on time due to manufacturing glitches. Pre-sale crowdfunding portal Indiegogo has attempted to fix this problem by signing a deal with Arrow Electronics “to … Continue reading

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

Crowdfunding Disaster?

What is being billed as the “biggest Kickstarter disaster” is apparently getting worse. According to a hyperbolic report, the company that raised $18 million to manufacture a cooler is now asking backers to pony up another $97 for “expedited shipping.” … Continue reading

Posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, penalty, review, SEC, Small Business, technology, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Avoid Crowdfunding Disasters

Tips on how to avoid a crowdfunding disaster include: have a cynic on the management team who can anticipate how things will go wrong; double your budget for the cost of building your product (remember Murphy’s Law); triple the estimate … Continue reading

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

Has Crowdfunding Been Hijacked?

Geektime thinks that rewards-based crowdfunding has been hijacked by hardware makers looking for proof of concept to pre-sell their wares rather than artists seeking funds to express their views. Also changed are the backers who now expect that the offerings … Continue reading

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

It’s The Follow Through, Stupid !

The Crowd Fund Act continues to add jobs. Companies that have raised a lot of money are finding it difficult to produce promised results in a timely manner. New services have been established, CrowdHut being one and tech incubators, that … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Jobs, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , | Leave a comment