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SEC to Propose Rules for Equity Crowdfunding on Oct 23rd!
http://crowdfundingforum.com/showthread.php/8293-Breaking-News-SEC-to-Relax-Equity-Crowdfunding-Required-Proposal-Oct-23rd
Penny Stock Scams Vs New Equity Crowdfunding
Very interesting article on the SEC's lack of enforcement and ouble standards....
http://crowdfundingforum.com/showthread.php/7013-Equity-Crowdfunding-Vs-Penny-Stock-Scams
Crowd Fudning Forum
Great resource for those who are big on the new industry like me :)
http://crowdfundingforum.com
haven't heard much at all for follow up on this congressional pork !!!
sec-warns-against-crowd-funding/
http://finance.fortune.cnn.com/2012/05/15/sec-warns-against-crowd-funding/
i was actually looking at kickstarter for a project of my own a few months ago, it's not quite the same as true CrowdFunding due to the 'rewards' I posted a mini thing on the difference between kickstarter and CFunding that I saw on other site with pretty graphs lol
another option for funding,,unique
http://www.kickstarter.com/
sec, yesterday,.may.14,.2012,..sec.halts.trading.on.379.co.'s
http://www.forbes.com/sites/danielfisher/2012/05/14/sec-euthanizes-397-dormant-shells-including-cray-computing-la-gear/
http://www.sec.gov/litigation/suspensions/2012/34-66980.pdf
why should I give up equity when I can raise money for free on Kickstarter?
The answer: Because you are unlikely to raise enough money to grow your business through a donation-based crowdfunding platform. Per the Crowdsourcing.org study “donation-based and reward-based crowdfunding… drive less funding volume than the mainstream media suggests. The campaigns in these categories are much smaller, with two-thirds of them generating less than $5,000.”
If you are reading this blog, no doubt you know the Pebble watch for iPhone and Android has raised seven figures. But have you also seen the Tactical Multi-Attachment Nano Watch which raised $155, The Alpha Watch ($605), the Nsect Watch ($640), the SOS Watch ($362), or the Digital/Analog Watch ($762), all of which raised only three figures? And there are many more projects, found just by searching “watches”, that have raised far too little money to fund any real business growth.
Looking at the research, the average donation-based crowdfunding project raised $4,076. By contrast, the average equity-based crowdfunding project raised $84,597, a whopping 20 times more money. (For an explanation of each type of crowdfunding, please see our guest post on the Leverage PR blog.)
Similarly, 35% of donation and rewards-based crowdfunding projects attain less than $2,500 while only 6% of equity-based projects achieve less than $10,000. On the upside, 42% of equity-based crowdfunding projects raise over $100,000.
In summary, Pebble and others have demonstrated you can raise millions for your company through donation-based crowdfunding. Then again, you can also win the lottery. More likely, after your donation-based crowdfunding campaign, your company will still be in fundraising mode. If you use equity-based crowdfunding, however, you have a far better shot of raising enough funds to implement your growth plans.
Yes there is another forum label OTC crowd funding, but I wanted to keep this discussing related and clear or pumpers etc. Since your a good link finder, add youself as mod and post your crowd funding links in the Ibox if important, or just as a post if its a daily or cool story etc. The other doesnt look like they will keep it updated
What an ingenious idea for a board!!
Crowd financing is going to be the next gold rush and make the current broken system go the way of the buggy whip.
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