Kickstarter raised the first $1 million in funding for the Veronica Mars movie in just 90 minutes. Within 11 hours it had raised $2 million.
Now that is impressive.
I don’t know what Veronica Mars is but do have a strong opinion about Kristen Bell needing to get out of the wretched and dreadful House of Lies into something else.
Codeislove launches a Kickstarter to create science games for kids
To have any chance of raising money through a crowdfunding site you need to be creative about how you will attract attention and stand out from the crowd.
I am impressed by how Amy is going about it. This is very clever.
Check out the pictures she posted of herself at Reddit:
Crowdsourcing and Crowdfunding Explained
Most people still don’t fully understand how crowdfunding works. So with that in mind here is a short video that explains how the system operates to bring entrepreneurs and investors together. Continue reading
Crowdfunding Industry Unites Behind Regulatory Organization to Protect Investors
WASHINGTON, DC and NEW YORK, NY–(Marketwire – Mar 23, 2012) – With the passage of the JOBS Act, the Crowdfunding Industry is uniting behind a Self Regulating Organization (SRO) to monitor and oversee this new
marketplace and ensure investor protection. The Crowdfund Intermediary Regulatory Association will commit to providing investor protection and market integrity through effective and efficient regulation of those within the crowdfunding industry. CFIRA will create rules, oversight and a united voice for the CrowdFund Investing platform companies as the industry is formed. CFIRA announced today that the founding partners will be:
- Startup Exemption, The CrowdFund Investing authors that wrote the framework for the Crowdfund legislation passed by Congress.
- The SoHo Loft Capital Creation (TSLCC) Events, the definitive event platform for the private markets aimed at facilitating capital formation and job creation.
- Gate Technologies & GATE Impact, a platform and electronic marketplace and that provides regulatory compliant private market transactions. Continue reading
Are there any Canadian crowdfunding sites?
The answer is that there is at least one: Fundweaver.
I don’t know if it’s equity, debt, or donation based.
Crowdfunding Site Profounder Shuts Down
Just got the news this morning that a crowdfunding site called Profounder is shutting down. A far as I know they never really got going but it’s still sad to hear about the loss of a prospective member of the community.
There is now a group that lobbies for crowdfunding that supporters should know about.
Crowdfunding Can Perform Miracles
Just three weeks I read a heart-wrenching story on Reddit.com about an attack on a defenseless orphanage in Kenya by some thugs. I’m not sure of the details but somehow the story ended up on Reddit with a graphic image of a man named Omari who had suffered a machete wound to the head while trying to protect the kids. The wound put him in the hospital for two days and required major stitching. (Don’t click that unless you can handle grisly wounds.) Omari and his Reddit associate then asked Redditors, who have raised money before for various good causes, to donate $2000 for a wall to protect the orphanage.
Long story short, within about 24 hours over $50K had been raised to build the wall and help the orphanage out in other ways. At last count, over $80K has been raised. Continue reading
House Passes McHenry Crowdfunding Bill
House Passes McHenry Crowdfunding Bill Removes Barriers to American Innovation, Job Creation Washington, Nov 3 – WASHINGTON Today, Congressman Patrick McHenry (NC-10), Chairman of the Oversight Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, applauded House passage of the Entrepreneur Access to Capital Act, H.R. 2930. The legislation enjoyed broad bipartisan support, passing by a vote of 407 to 17 and receiving a supportive Statement of Administration Policy* from the President. “Small business folks in Western North Carolina tell me time and time again that uncertainty and over-regulation are hampering their growth. Continue reading
What is FundaGeek?
Here’s a new site aimed providing crowdfunding for technical innovation. Continue reading