Learn The Easy Way…From Mistakes Of Others

From Duke DiAnni, Campaign Manager at Crowdfunder

“Seven dirty, gritty, real startup lessons that cost my $2 million,” is a hard-nosed, brash look at the common mistakes of startup founders that was recently published by Pando Daily.  While detailing the most common pitfalls all companies should avoid, writer  Pablo Fuentes remains brutally honest about his own struggles as a founder and CEO of a software product company, that, in his words, has “sucked a lot since its launch in 2009.”  Among his many helpful tips, Fuentes stresses the importance of developing a clear, concise pitch.  Gain a fresh perspective on your business from friends, the community, and always be open to their feedback.  See more….

Wanted: The 10 Top Startups in LA

Investors and the crowd are looking to identify the Top 10 Startups in Los Angeles. If you are one of them, you won’t want to miss this…

Crowdfunder has partnered with Social Media Week LA and Silicon Beach LA to launch CROWDFUNDxLA — the second acceleration process for the local LA startup ecosystem, that engages investors and the crowd in identifying the Top Startups in Los Angeles. Continue reading…

Text Me Tix wins Crowdstart-Vegas startup contest and possible $500K investment from Vegas Tech Fund’s Tony Hsieh and partners

Press Release
September 18, 2012

Las Vegas, NV – Text Me Tix, a text message “fire-sale” platform that brings last-minute ticket discounts to subscriber’s pockets and helps sports, arts and entertainment venues sell excess inventory, just landed a coveted front-row seat worth as much as $500,000 after winning CROWDSTART Las Vegas, a startup contest in historic downtown Las Vegas. Hosted by business crowdfunding platform crowdfunder in partnership with Vegas Tech Fund and support by Switch The InNEVation Center, Crowdstart-Vegas drew over 200 entries from across the western U.S. in an eight-week competition that began with Vegas Startup Weekend.
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Will Crowdfunding Ignite Investing For Profits And Purpose?

Re-posted from Forbes
By Chance Barnett, CEO of crowdfunder

Can you earn a healthy return on your investment and help change the world at the same time?

If you haven’t been paying attention, there are already thousands of entrepreneurs and investors betting that you can, with a multibillion-dollar market to show for it.

The companies and investors in this market aim to create “impact” beyond mere profit – whether that be social or environmental impact. But unlike non-profits, revenues and profits sustain these companies.

These for-profit companies, often called “social enterprises,” are becoming more and more common. Among investors, they’re called “impact investments.” Continue reading…

Crowdfunding 101: The Basics

Re-posted from Forbes
By Chance Barnett, CEO of crowdfunder

Imagine an eBay-type website for investing and donating where you could login and browse causes and businesses, and find an “investment” that appeals to you.

You could contribute a small amount, become part of a community, and over time see the impact of your donation or investment.

Crowdfunding, at its essence, is exactly that — connecting “crowds” directly to those who need funds.

Crowdfunding websites offer a hassle-free way to find, vet, and support companies, causes and organizations, and contribute or invest directly without a middleman.

Crowdfunding makes investing more personal and impactful – giving you direct access to information and opportunities that were once the exclusive domain of people “in the know” or the privileged one percent of accredited investors. Continue reading…

Will Crowdfunding For Businesses Succeed Or Fail?

Re-posted from Forbes
By Chance Barnett, CEO of crowdfunder

A revolution in early stage finance is about to take place. But will the revolution succeed?

Thanks to the passage of the JOBS Act, a new market is being born that will revolutionize how early stage investing and fundraising works. It’s called equity-based crowdfunding.

For the first time in our lifetime, every American will have access to investing in startups and small businesses. Amy Cortese, Author of “Locavesting”, put it this way:

“If Americans shifted just 1% of the $30 trillion they hold in long-term investments to small businesses, it would amount to more than 10 times the venture capital invested in all of 2011.”

That’s not a game-changer. That’s a revolution. Continue reading…

How Soon Can You Crowdfund Your Business?

Important Updates on Crowdfunding Laws & SEC Rulings

We’ve got some inside scoop for you on crowdfunding laws and the timelines.

As a quick reminder… Congress passed the JOBS Act to much fanfare, and President Obama signed it into law on April 5th. Many people thought that the battle was won and that business crowdfunding was legal.

Well… not exactly.

Business crowdfunding (equity crowdfunding) is what we call “pre-legal.”

The SEC was given a 270 day period to give Rulings on crowdfunding- scheduled for December 31st. Since then, and over the past few weeks in particular, there has been quite a bit in the press about the slow pace with which it appears SEC and FINRA, the two agencies in charge of creating the regulations for the crowdfunding industry, are embracing their Congressional mandate to do so. Continue reading…

The Benefits of Incorporating Your Startup

Incorporating or forming a limited liability company (LLC) will secure many advantages for your startup, not the least of which is the ability to use Crowdfunder.com and attract investors. With only a few downsides (additional taxes), early incorporation is a smart step for your business’ longer term viability and growth.

Here’s why you should incorporate:

Startups need to incorporate in order to raise funds from investors on crowdfunder.com or elsewhere. If your business isn’t separate from your personal financial affairs, investors will not give you startup money. Instead, opt to run your company out of an entity like a corporation or an LLC. These entities can be split into many pieces, called shares or membership interests, which can be sold to investors who provide the business with capital. In return, the investors own a fraction of the business and have certain rights, usually including a share of any dividends declared.

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What is crowdfunding?

For a quick overview on how crowdfunding for businesses will work and the history behind the JOBS Act and the business/equity crowdfunding market, see our Business Crowdfunding Infographic

Crowdfunding occurs when many donors collectively pool their small contributions together to raise a larger sum of money for a single project or company.

Any entrepreneur can post his or her project online and have access to millions of potential investors. Crowdfunding, as opposed to most other capital markets, does not require a bank or underwriter to facilitate the process.

A crowdfunded project can be of creative nature, a charitable cause, or in the case of crowdfunder, a business venture that offers contribution, equity or revenue sharing to those who contribute funds.
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