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In light of threatened legal action, Black Powder Media has pulled Vector Tanks and Vector Tanks Extreme from the app store because “It doesn’t seem to matter that the game bears only a vague...
Pryor Cashman Partners Stephen Goodman and Karen Robson, along with associate David Parsly, have authored an informative Legal Update in which they discuss the potential impact of these changes on...
Campaigners seeking to launch legal action against bailed-out bank are attracting donations via crowdfunding, a financing method all the rage in small business circles that involves drawing cash...
Dear everyone, does anyone know what kind of legal agreement are made with banks to run a crowdfunding activity ? Is it about escrow services or something else ? And what kind of technology...
Today was not meant to be the day that the JOBS Act and the provisions to legalize crowdfunding for equity within it move forward. Democratic efforts to add amendments to the bill were blocked by Republicans, who responded by postponing any further action on the package until Wednesday.
There is a solution to the nation’s poor growth and anemic state of job creation. However, it requires updating Security and Exchange Commission (SEC) regulations regarding general solicitation and accreditation so average Americans can choose to invest in local small businesses. It is called Crowdfund Investing (CFI) — a common sense idea that has attracted the interest and support of President Barack Obama. Republican House member Patrick McHenry (NC) recently introduced H.R. 2930, the Entrepreneur Access to Capital Act, legislation that aligns with the general framework supported by the President. So here we have a “common ground” idea where both sides of the political aisle agree on many key details. There is no excuse to move slowly with crowdfund investing as it will help thousands of small businesses and add fuel to our gasping economy.
Nascent entrepreneurs and growth-oriented firms continue to have a difficult time finding capital to expand, innovate and grow. Of course, our nation has counted on the job-creating prowess of small businesses to lead us out of difficult economic periods. This time around, unfortunately, the uncertainties have become too great. New start-ups, which have fueled job creation after previous recessions, have not taken root at the same pace as in the past. Weak demand, tight capital and credit markets, and policy uncertainties continue to erode confidence. The CFI solution is one leg of the stool that will help entrepreneurs identify new sources of capital, thus providing optimism and much needed resources for investment and growth.
Crowdsourcing.org founder Carl Esposti offers this in-depth look at the crowdfunding bills now being considered in Washington, D.C. and how they could shape the future. This is the first post in a two-part series.
The Entrepreneur Access to Capital Act has been folded into the "Jumpstart Our Business Startups" or JOBS Act, along with five other bills previously approved by the House Financial Services Committee that seek to open capital markets.
The U.S. House of Representatives today passed a bill to legalize crowdfunding — originally introduced by Rep. Patrick McHenry (R-NC) — for the second time.
Up until this week, I was still telling friends and family about pending legislation to legalize crowdfunding for equity in the U.S. and describing it as "a very important bill that you've probably heard nothing about." That all changed this week as the Jumpstart Our Business Startups (JOBS) Act that contains the means to legalize crowdfunding took centerstage and, along the way, became bogged down by what I can only generously refer to as typical inside the beltway bumbling.
Crowdfunding is really heating up in Washington, D.C. with new developments every day and plenty of mainstream media attention. But few people are as close to the issue as Crowdsourcing.org's contributors. The following comes to us from contributing expert William Carleton, who has been following the different bills to legalize crowdfunding in the U.S. Congress for us for months now. This post was originally published on his blog. Carleton is a Seattle attorney with experience as a startup lawyer and angel investor.
On Tuesday, the U.S. Senate is scheduled to make some procedural votes on the JOBS Act, which includes a framework to legalize crowdfunding for equity in the United States.
President Obama signed the Jumpstart Our Business Startups Act — and the provisions within it to legalize crowdfunding for equity in the United States — at around 2:40 PM EDT time today.
During this week's Live Chat, we will be providing an update on CFIRA's progress working with the Securities & Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and other affected governmental and quasi-governmental entities to help establish industry standards and best practices.
We will also be discussing efforts to unite a broad-based coalition of industry participants from within the growing crowdfunding community to ensure the credible development of the industry, including a commitment to the highest ethical standards.
Crowdsourcing Land Rights in Ukraine uncovers the story of Natasha Kobeleva of Alushta City in Ukraine, who fought the government for years over a plot of land. Kobeleva ultimately took her own...
The London Embassy of Ecuador has released the following statement: “This afternoon Mr Julian Assange arrived at the Ecuadorian Embassy seeking political asylum from the Ecuadorian...
![Julian Assange Seeks Asylum at Ecuador’s U.K. Embassy [UPDATED]](/images/resized//document_16629_120x90_crop.jpg?1341684936)
The following post comes to us from Chance Barnett, co-founder and CEO of crowdfunder, which has been holding a series of startup competitions across the country this year in advance of the crowdfunding system legalized in the JOBS Act to drive home the notion that equity crowdfunding holds major promise for local economies.
Hoping to spur growth, innovation, and access to capital for entrepreneurs, the Italian government recently passed a law that legalizes crowdfunding.
NASA is updating its website for the first time in five years, and it wants to hear what changes the crowd thinks should be implemented. For the initiative, which started last week, NASA paired up with the crowdsourcing platform IdeaScale. Ideas will be accepted until December 19th.
A lawsuit filed in a federal court against leading cloud labor platform Crowdflower challenges an assumption that is at the very foundation of crowdsourcing, at least in the United States.
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space, Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding practice expertise and unbiased thought leadership.
