Crowd Funding
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
Crowdfunding for businesses
– 40billion http://www.40billion.com/
– appbackr http://www.appbackr.com/
– capangel http://www.capangel.com/
– cofundit http://www.cofundit.com/ 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
