Posts Tagged ‘ Kickstarter ’

Law Opens Financing of Start-Ups to Crowds

Law Opens Financing of Start-Ups to Crowds

Entrepreneurs looking to the crowd to finance their big ideas just got a little extra help from the government. On Monday, federal legislation goes into effect to allow “emerging growth” companies — essentially, small start-ups — to ask for equity investments publicly, such as through social media sites or elsewhere on the Internet, without having to register the shares for public trading. Business owners will now be able to raise up to $1 million a year this way. The legislation is part of the 2012 “Jumpstart Our Business Start-ups Act,” or JOBS Act, meant to encourage…

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Top 3 Most Successfully Funded Technology Campaigns on Kickstarter

Top 3 Most Successfully Funded Technology Campaigns on Kickstarter

Crowdfundbeat – Nicole Chow, Staff Writer – September 23, 2013 – Recently, Ubuntu Edge, a crowdfunding campaign on Indiegogo has managed to raise more than $12 million dollars from a number of backers and supporters. Although it fell short of its $32 million goal, the funds collected are definitely sufficient for the company to put their smartphone into production. The crowdfunding industry has made an impact on the way we develop and market products especially in the technology industry. Since this industry is considered as one of the toughest for startups to break into, there have…

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New crowdfunding platform targets Drupal development

New crowdfunding platform targets Drupal development

A new crowdfunding platform – Drupalfund – is intended to make it easier to contribute to Drupal and accelerate development work on the open source content platform, according to Jozef Toth. Toth, a co-founder of Drupalfund and the CEO of Slovakia-based Web development agency Mogdesign.eu, said that a large portion of Drupal development has been based on individuals and companies donating time and money to the CMS. “The majority of this development, even core development, is done during developers’ free time, even in many cases cutting into time that could be spent on paid work,” Toth…

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IBM’s Internal Crowdfunding Rewards Employee Innovation

IBM’s Internal Crowdfunding Rewards Employee Innovation

All employees have ideas, credible or otherwise, on how to improve their job environment. Very few, however, get an allowance and an opportunity to act on their thoughts. At most highly structured and hierarchical enterprises, the prospect of such an initiative seems far off. At IBM, however, several departments have already tested a program that puts employees in the middle of the ideation process. The internal crowdfunding initiative was first jointly implemented during summer 2012 at a New York state IBM research office and an office in Cambridge, says Michael Muller, researcher and master innovator at…

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Crowdfunding can help startup businesses get to market faster

Crowdfunding can help startup businesses get to market faster

Entrepreneur Paul Chipperton aims to raise $129,000 by the end of October for marketing a technology that can suspend the arrival of distracting emails, text messages and phone calls to handheld and other devices. But he’s leaving this fundraising to online, not to the banks or venture capital. In a growing movement called crowdfunding, entrepreneurs make video pitches to consumers to help get their projects to market. It all comes down to whether the amount of donations meet the startup company’s funding target and deadline. Chipperton is putting his MyFocus Solution product on the U.S.-based crowdfunding…

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Secrets For A Successful Crowdfund Campaign

Secrets For A Successful Crowdfund Campaign

Crowdfunding 101: Achieving Success on Kickstarter and Indie-Go-Go 1. Deliver on your promises. More than just asking for money from people, your Kickstarter campaign builds a reputation. People may forget your project but they won’t forget if they gave you money and got nothing back. Deliver what you promise, even if you over-promised. “It’s much better to fail to fund than to fail to deliver,” said presenter Jake Parker. 2. Get social backing for your idea. It’s helpful to have a base of people who know and like your work, because they follow you on social…

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Crowdfunding site, Dragon Investment, Helps Hardware Startups

Crowdfunding site, Dragon Investment, Helps Hardware Startups

Dulcie Madden has spent two years developing a monitor attached to a onesie that tracks an infant’s breathing and temperature and beams the data to a parent’s smartphone. Her five-person Boston startup, Rest Devices, raised $600,000 from angel investors to build a prototype. To secure the funds she needs to manufacture her monitor, Madden bypassed better-known crowdfunding websites and turned to Dragon Innovation, a new site run by a consulting company of the same name. On Kickstarter and Indiegogo, entrepreneurs solicit donations and promise a product in return. Yet for many, raising money turns out to…

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Prodigy Network hopes to raise $31M in equity to crowdfund a Manhattan Hotel

Prodigy Network hopes to raise $31M in equity to crowdfund a Manhattan Hotel

A New York real-estate company that has been a leader in crowdfunding in South America plans to replicate that strategy in the U.S. Prodigy Network—known for raising $171 million in $20,000 increments for a mixed-use skyscraper development under way in Bogotá, Colombia—hopes to raise $31 million in equity, $100,000 at a time, for a hotel project in downtown Manhattan, according to a person familiar with the plans. The developer plans to convert the apartment building at 17 John St. to an extended-stay hotel. Prodigy is trying to take advantage of the Securities and Exchange Commission’s move…

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Bountysource CEO talks open source crowdfunding and bounties for developers

Bountysource CEO talks open source crowdfunding and bounties for developers

Nearly a decade ago, two friends set out to create a full project management platform for open source software called Bountysource. The year was 2004 and the friends were Warren Konkel and David Rappo, and their vision included creating code repositories, file hosting, issue tracking, and bounty support. The pair spent a few months building out the basic features, but then other projects and jobs got in the way. Konkel went on to become the first hire at LivingSocial and Rappo was working as a producer on video games like Guitar Hero, Transformers, and Skylanders. The…

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Canada to launch crowdfunding reality TV show

Canada to launch crowdfunding reality TV show

The next time you hear about a new crowdfunding campaign, it may not be through Facebook or Twitter – instead, it could be from your TV. It seems almost counter-intuitive, but bigger broadcasting networks seem to have taken notice of the hubbub around crowdfunding, with a new show being launched around Vancouver-based Fundrazr, Canada’s largest crowdfunding platform. Every week, the Crowd Funder Show, which runs for about 30 minutes per episode, will tell the stories of six to seven campaigners and why they are trying to raise funds for their causes. As Fundrazr allows campaigns to…

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