Tag Archives: shut down

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

Indiegogo Shuts Bump Stock Crowdfunding

As noted here last week, a company was crowdfunding a bump stock like device for Glocks on Indiegogo. This piece of plastic can apparently turn a handgun into an automatic weapon. Now, the web portal has shut down the campaign … Continue reading

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

Crowdfunding Site To Raise Bail Shuttered

The crowdfunding site JustGiving has shut down the campaign for Creighton basketball star Maurice Watson, Jr. that was started by his mother to help raise the $75,000 bail bond premium (10%) to get Watson out of jail. Watson is being … Continue reading

Posted in Charity, checkbook, Funding Portals, Legislative Intent, review | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Pebble Watch Donors Watch Doors Close

If you’re still waiting for that tech marvel the Pebble Watch that you pre-bought on Kickstarter, forget it. It’s not coming. Pebble was bought by FitBit for only $10 million more than it raised by crowdfunding (a record at the … Continue reading

Posted in accredited investor, checkbook, Congress, Crowd Fund Act, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

“I’m Sorry,” Say Crowdfunded Companies Gone Bust

Bloomberg reports that apology letters are starting to become a “thing” for crowdfunded companies that have burned through their investors’ funds and have gone bust. It notes that the Seedrs equity crowdfunding portal has seen at least 3 companies bite … Continue reading

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