2,822 crowdsourcing and crowdfunding sites
Folio Investing has a lofty goal: it wants to make the management of private securities as simple as public ones. If the company succeeds, it can have drastic effects on the private placement and the emerging equity crowdfunding industries by filling a number of clear needs.
Tilt has a grand vision: it wants to be for crowdfunding what WordPress is for blogging. That is, the San Francisco-based company wants to make it simple and free for people to have a crowdfunding campaign up in minimal time, for anything they think is worth funding. The company has made a series of moves to put its ambitious goals well within reach; indeed, in multiple major ways, the company has already delivered.
With crowdfunding continuing to grow in Europe, a new industry body, the European Equity Crowdfunding Association, formed in late May to represent specifically equity- and debt-based crowdfunding industries. Recently, EECA held its first board meeting, so we caught up with the organization's General Counsel and Manager Alessandro Lerro to find out more about the association.
Wealth Migrate CEO Scott Picken believes that global real estate crowdfunding can create a “bridge of safety” between the emerging and developed worlds: investors in emerging countries want a way to invest safely in developed world, while people in the first world aren’t happy with the returns they’re getting, and want to invest in the emerging world. Find out how his company is helping to build those bridges after the jump.
The line between making factual statements about a company and overpromising can be difficult to pin down, especially for entrepreneurs who truly believe that their companies are destined for greatness. Tom Vass, manager of The Private Capital Market, spoke with securities attorney James Verdonik about how to stay within the bounds of the law when advertising private securities deals.
On Sunday, a powerful cyclone hit India’s eastern Andhra Pradesh and Orissa states, causing widespread destruction and killing 25. As part of the effort, Andhra Pradesh’s regional government has set up a website and launched an Android app to collect information about the damage caused by the cyclone.
CloudFactory, a distributed cloud labor platform, announced on Friday that it has raised $3 million in a Series A round. The funding was led by David Clouse, founder of VRBO, with other institutional and angel investors also participating.
Kickstarter, arguably the best known crowdfunding platform around, released its Q3 funding numbers yesterday. The platform raised $139 million in the period from July 1 to September 30, successfully funding 6124 projects.
The US Agency for International Development (USAID) unveiled earlier this week an initiative titled Fighting Ebola: A Grand Challenge for Development. The initiative was first announced by President Obama back in late September. As the name suggests, it’s an open innovation and crowdsourcing effort to help curb the spread of the deadly disease.
Most crowdfunding platforms offer their users a little bit of social outreach help. These features are fairly standard: Tweet and Facebook buttons on the campaign page, for instance, and embeddable widgets allowing bloggers to post information about a campaign on their site. The team behind HeadFunder, however, decided to go further, and form its crowdfunding platform around the concept of social reach.
Los Angeles-based equity crowdfunding platform Crowdfunder announced today that it has raised $3.5 million in a Series A round. The funding, the company said, will go toward continuing growing its userbase and the number of deals flowing through the platform.
With US Congressional elections less than a month away, readers have probably noticed an uptick in political messages appearing on their social networks. While such messages are well-intentioned, they’re typically viewed as somewhat futile. Either a bunch of people see the post, like it, and then forget about it, the thinking goes, or the discussion around them gets so polarizing that it turns off anybody on the fence about an issue. A 2012 UCSD study, however, suggests that the picture may not be so simple.
Big news came out of France earlier this week: crowdfunding, or financement participatif as it’s known in the nation, is now live. We spoke with Joachim Dupont of the French equity crowdfunding platform Anaxago to get his take on the laws, and the equity crowdfunding landscape in his country.
“We believe we have reached a real milestone and transformative moment in the world of high-tech finance,” OurCrowd wrote on its blog, announcing the deal. “This investment underscores the fact that the startup investment playing field is being levelled — OurCrowd investors get access to the same deals multi-billion dollar corporations are seeing, at the same terms.”
Reddit, the self-proclaimed front page of the universe, announced earlier this week that it has raised $50 million in a Series B funding round. The investment was led by Sam Altman, president of Y Combinator, with Alfred Lin of Sequoia Capital and Marc Andreessen of Andreessen Horowitz, among others, also participating.
Kickstarter, the Brooklyn-based crowdfunding platform, announced yesterday that it’s coming to London later this month for a series of events, culminating with a special screening of Kickstarter Film Fest. The events are taking place all over London and include sessions for both specific industries, as well as more general discussions.
To help facilitate innovation around the industry, the recently-launched platform CrowdFundingPays, UC Irvine’s ANTrepreneur Center, and Blackstone LaunchPad are hosting a crowdfunding hackathon from October 10 to 12 in Irvine, California. The free event, titled FundHack, promises “interesting speakers, prizes, and knowledgeable mentors, who will coach participants through the process of their choice.”
With news stories emerging daily about crowdfunding for real estate, more and more individuals in the US and abroad are taking note of the new way of investing their money in property. While real estate investing may seem best suited for local opportunities, a recent deal conducted by the international real estate crowdfunding platform Wealth Migrate, founded in South Africa, demonstrates how crowdfunding can open up real estate investing on a global scale.
New Zealand recently passed an act to make investment in startups easier, and paving the way for equity crowdfunding in the small nation. Not surprisingly, a number of early actors entered the fray, and earlier this month, the first successful crowdfunding round raised NZ$700,000 ($540,000) for Renaissance Brewing, a beer company. Check out an infographic about the raise below!
In this edition: crowdsourcing financial market movements; crowdsourcing not yet competing with professional creative agencies; CrowdCheck's business shift due to SEC delays; equity crowdfunding for accredited investors, one year on; sharing economy turns users into perpetual hustlers; and more.