Crowdfunding sites offer a different way to raise money

The Vampire Movie

Geoff Orlowski wants to take his filmmaking talents to the next level. The Whitesboro resident has been writing and making his own movies — from short films in college to his first feature film that he shot last year in Utica. To get to the next level with his second feature-length movie, though, he needs better equipment. And that means more money. The funds for his first film came straight out of his pocket, and it covered only meals and some equipment, he said. “It’s a sad thing, when you see all the skills that the actors and the crew members have and they’re not going…

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Live discussion: Crowdfunding – Tuesday 5th March from 1-3pm

Barack Obama crowdfunding

Discussion on Tuesday 5th March from 1-3pm to discuss whether crowdfunding could be used to finance your charity campaign Barack Obama raised $137m during his campaign for US presidency by using crowdfunding. This method of fundraising is increasing in popularity in the voluntary sector, and many experts believe that it could provide an excellent source of finance for charities. Sites such as Buzzbnk, Solar Schools and Peoplefund.it allow organisations to raise money for a project online, through multiple donations or loans, from a number of donors, over a short period of time. This allows for more flexibility when donating and offers social loan options. Success stories…

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Crowdfunding Solar Schools In Britain

solar-schools

Schools in the UK wanting to go solar but that are strapped for cash are able to participate in a new crowdfunding service. As was the case in Australia, UK schools were previously able to benefit from generous government incentives to install solar; but most of that support has now dried up and the situation is preventing many schools from accessing solar power. SolarSchools provides resources, training and staff support to help schools raise funds for a solar array. Each school is also provided with a web page on the Solar Schools site to showcase their project and act as a rallying point for fundraising. Each…

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Five things Sundance can tell us about the future of film

Egyptian-Marquee

The deal making begins weeks before the celebrities touch down in Park City, Utah, a pop-up center of the universe for the culture industry during the ten-day run of the 2013 Sundance Film Festival. Open Road Films buys the Steve Jobs biopic jOBS, starring Ashton Kutcher as the Apple co-founder, long before audiences clap, yawn, or both at its Sundance Closing Weekend premiere. Other movies including Mud, starring Matthew McConaughey, and No, featuring Gael García Bernal, also arrive with deals intact. The pre-fest deals, as well as decisions by filmmakers from former Nirvana drummer and Foo Fighters frontman Dave Grohl (Sound City) to Shane Carruth (Upstream…

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Latin American Crowdfunding Platform Idea.Me Hits $1 Million In Pledges

idea me

Over $1 million has been raised via Latin American crowdfunding platform Idea.me since its launch 18 months ago, contributing to the success of 180 creative projects, the startup announced today. As you may remember, we recently listed Idea.me as one of the 10 Latin American startups to look out for in 2013. Its model is similar to Kickstarter and Indiegogo, but its focus on Latin America represented a challenge, due to the fact that the concept of crowdfunding is still fairly new in the region. This means Idea.me had to do more evangelizing than its US counterparts, as well as making interesting tweaks to the original…

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Crowdfunding portals try to get the word out as they wait for the SEC to set rules

Sites like local startup iCrowd are luring small business owners with free tools.

A local startup is looking to get a head start as it waits for the SEC to spell out rules on crowdfunding. Rye-based iCrowd, started by former Wall Street portfolio manager John Callaghan and Brad McGee, the ex-chief strategy officer of Tyco International, is one of dozens of companies lining up to get in on the crowdfunding bonanza. McGee was one of a group of Tyco employees who were handed unauthorized perks by disgraced ex-Tyco CEO Dennis Kozlowski, who was convicted and thrown into jail. The iCrowd co-founder, who was not charged, left the company in 2003 and has since been advising small businesses. Now he’s…

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Crowdfunding Is About Creating Jobs For The Right People

Crowdfunding is not just about creating jobs, it is about creating jobs for the right people. In April of 2012, President Obama signed the JOBS Act into law, authorizing crowdfunding of equity and debt for the sake of creating jobs. The more time I spend studying crowdfunding and working with the leaders in the crowdfund community, the clearer it becomes that not only will crowdfunding create jobs, it will create jobs in the right places. Recently, I sat down in a hidden valley near Park City, Utah with Candace Klein, CEO of Somolend and founder of the nonprofit Bad Girl Ventures, who explained that overwhelmingly, the…

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Crowdfunding service SliceBiz wins Apps4Africa cash prize

The SliceBiz team were one of three projects to win $10,000 as part of the annual competition

A Ghanaian start-up planning to popularise crowdfunding in Africa has been selected as one of the winners of this year’s Apps4Africa competition. SliceBiz plans to develop a service that will deliver 30-second pitches recorded by entrepreneurs to potential backers over the phone. It says investors will then be able to transfer cash into the projects they like via their mobiles. The Apps4Africa scheme is funded by the US State Department and the World Bank, It gives awards of $10,000 (£6,500) to three selected projects with the possibility of top-up funds if the winners meet set targets. Crowdfunded cash SliceBiz was founded by William Edem Senyo, a…

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Advocates push SEC to propose crowd funding rules

DC Conference

About a dozen crowd funding and venture capital representatives and small-business advocates on Tuesday urged Securities and Exchange Commission Chairman Elisse Walter to propose rules for crowd funding. A type of financing that lets small investors buy equity or debt in startups over the Internet, crowd funding is among several provisions of the Jumpstart Our Business Startups Act — signed by President Barack Obama last April — designed to ease securities registration rules for entrepreneurs. The SEC has not yet proposed a crowd funding rule, which was due in January. It is one of several JOBS Act rules that have fallen behind schedule. “Chairman Walter has…

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Will the S.E.C. Kill Crowdfunding?

Crowdfunding has the potential to provide new funding options for small businesses and stimulate job growth, and yet the S.E.C. has stalled on crowdfunding Rulings. Other countries are off and running with equity crowdfunding, such as the United Kingdom, Australia, Sweden, Norway and Finland. Why is the U.S. still stuck in first gear and lagging behind the pack? Aren’t we innovators and leaders in entrepreneurship? What’s going on with the S.E.C. crowdfunding Rulings, as spelled out in the JOBS Act? Why are they stalled? Will the S.E.C. abort crowdfunding before it gets a fighting chance? Earlier this month on February 5th, leaders in government and business…

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The State of Equity-Based Crowdfunding…Primed, Capitalized and Waiting on the SEC

National Press Club

Washington, D.C. February 18, 2013 – Leaders of the venture capital and Crowdfunding community, as well as leading small business advocacy groups, will meet with law makers, regulators and policy officials on February 19th to provide an in-depth review of preparations that the Crowdfunding and investment community have taken to prepare for the legalization of Equity-based Crowdfunding. The all-day event will begin with the State of Equity-Based Crowdfunding press conference to be held at the National Press Club on the 19th at 10am EST in the Murrow Room. Call in information will be provided for members of the media unable to attend, email press contact for…

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Crowd-Funding Platforms Hope To Target Investors

Three Revolutions

Crowdfunding has taken off. Kickstarter is the best known crowdfunding site, but there are hundreds of online platforms devoted to raising money for individuals and businesses. The sites allow entrepreneurs, artists and others to pitch an idea for a project and collect donations to finance it. But the day may not be far off when crowdfunding is open not just to donors but to investors who want a return on their money. In Vermont some crowdfunding advocates say it could bolster efforts to help small businesses and non-profits. “Put Your Money Where Your Mouth Is” is the motto of Three Revolutions, a new Vermont based crowdfunding…

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Top Trends Entrepreneurs Should Watch This Year

toptrends

As an Internet entrepreneur, making accurate predictions for the coming year can be tricky: It’s a market space prone to rapid change and relentless innovation. However there are three areas I’m convinced will take center stage: Crowdfunding and Alternative Lending With crowdfunding estimated to hit a mind-blowing $500 billion dollars this year, we’re only going to see more alternative startup financing become accepted staples, from peer-to-peer lending and investor associations to revenue based financing and of course the impact of a growing pool of angel investors. Investment trends started by companies like the Dell Innovators Credit Fund and Google Ventures (where those who invested in often…

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Press Release