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The law that President Obama is set to sign this week is expected to unleash a wave of crowdfunding. That promises to give some startups access to capital they wouldn't have had otherwise, but it could set up unwary entrepreneurs for a headache. Crowdfunding is a way of raising capital that involves getting [...]
The ink is still drying on a piece of legislation that President Obama signed today, and the new law is good news for entrepreneurs seeking capital. Here's a rundown of what is in the law and why it matters to you and your business. The JOBS (an acronym for Jumpstart Our Business [...]
Mari Alstin knew the $10,000 she had in savings and credit wouldn't be enough to open her women's clothing boutique. To cover the cost of rent, a security deposit, displays and inventory, she needed an additional $15,000--fast. Waiting on a bank loan was out of the question, and her credit [...]
Thanks to the JOBS Act signed into law in April, startup founders soon will be able to tap average Joes and Janes for equity-based investments. To help the process along, a new crop of crowdfunding companies has already sprung up. In April, industry resource Crowdsourcing.org predicted the world would have 536 crowdfunding companies [...]
The existing class of startup investors is predominantly white and male. New startup-funding legislation has the potential to change that. If more women and people of color are brought into the investing community, then, in turn, the hope is that more women and minority business owners will receive funding. The Jumpstart [...]
To make the leap from theory to reality, crowdfunding will require the core elements of entrepreneurial spirit: a tolerance for risk and an urgency to execute on a great idea. Sadly, both of those qualities are in short supply in Washington, D.C. While the U.S. government slid under its New Year deadline [...]
The crowdfunding industry is frustrated that the Securities and Exchange Commission has not yet finalized rules that will potentially turbocharge the industry. But it is also cautiously optimistic that there will be movement this year. The SEC is expected to finalize and implement rules on the provision of the Jumpstart [...]
107,000 writers and graphic, web and industrial designers from 195 countries More than 1 million entries submitted for projects each year Estimated value of Give Back projects completed: more than $20,000 As the photojournalists' organization In Our Own Backyard made plans to launch AmericanPoverty.org, co-founder Steve Liss knew the project would [...]
Don’t have time or money to do all of the marketing you’d like? Why not get your customers, consultants, freelancers, experts, writers, and more to help you? That’s what crowdsourcing is, and it’s a great way to enhance small business marketing efforts. By tapping into the “crowd” (particularly the massive online crowd), [...]
Entrepreneurs are known for being early adopters. But when it comes to certain kinds of crowdsourcing, large corporations are out ahead of entrepreneurs, according to David Bratvold, founder of Daily Crowdsource, a San Diego, Calif.-based website, which offers news, research and guidance on crowdsourcing to large corporations. Leaders from companies including Walmart, [...]
Entrepreneurs are known for being early adopters. But when it comes to certain kinds of crowdsourcing, large corporations are out ahead of entrepreneurs, according to David Bratvold, founder of Daily Crowdsource, a San Diego, Calif.-based website, which offers news, research and guidance on crowdsourcing to large corporations. Leaders from companies including Walmart, [...]
Ben Kaufman was on the subway in New York City in 2005 when he had his light-bulb moment. He saw a girl--a stranger--sporting a pair of headphones he designed at mophie, the iPod accessories company he founded the day he graduated from high school. "I saw something I invented [...]