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"In Silicon Valley the venture capitalists are telling me they're moving investment away from consumer and into enterprise because they're seeing that the consumer markets are too risky. "They're investing less in consumer kinds of things - they're trying to get the kids to focus on the enterprise market."
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What’s particularly notable is that these Crowdtilt donations are tax-deductible, and the company takes a relatively small fee.
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This approach has been very successful for technology startups such as Pebble Technology which raised a record breaking 10.3 million dollars through Kickstarter.
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Anyone can already start a Crowdtilt group with a funding goal. Now they can select a 501(c)(3) organization from Crowdtilt’s index to receive that money. If the campaign “tilts” — a.k.a. reaches its goal — that money goes directly to the nonprofit, minus Crowdtilt’s regular 2.5 percent fee.
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For Kickstarter, unrefined and/or overpromised goods are a real problem. Not so long ago, amidst a wave of bad press from outlets like NPR, Kickstarter enacted some new policies to remind “backers” that this was an investment (risk-oriented) site, and that products may differ from sales pitches. Product renders and simulations were banned, since anyone can draw a flying car. And a risks section was added to each listing, requiring project leads to explain problems that could arise in producing their good. These changes certainly protect consumers--err, investors--but I’m not sure they solve the larger problem: Is Kickstarter a venue that encourages good designs to become great ones, or great designs to be scaled into incredible manufactured products?
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There are now scores of startups offering to connect people and their product ideas with funding sources and potential customers. Is this gold rush an ominous sign? Will crowdfunding be the next daily deals bubble? Probably not. Crowdfunding works through interested investors or enthusiastic supporters, which seems more sustainable than merchants providing steep discounts to get customers in the door.
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Kickstarter is being sued for promoting a new 3D printer due to patent infringement after drumming up more than 2,000 supporters. The 3D printer in question has already helped to raise Formlabs over $2.9 million to build the device.
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3D systems has filed a lawsuit against both Formlabs and Kickstarter for patent infringement. Formlabs is the manufacturer of a low-cost 3D printer called the Form 1.
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The Kickstarter fundraising campaign topped $1.4 million in pre-orders in just under a week, making it one of the notable successes of the platform. Formlabs ultimately raised $2,945,885. Kickstarter is financially involved as it takes a 5 percent cut on each campaign, according to the BBC.
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crowdfunders seem to understand the high risk of putting money into a new idea, the survey shows. They're well aware that most small businesses fail. As a result, they spread their investments. Moreover, many take due-diligence seriously, and they limit their investments to amounts they can afford to lose.
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Emmanuel Gilloz, the creator of the Foldarap 3d printer has launched a crowdfunding project on Ulule. The FoldaRap is an open-source 3D-Printer, a foldable RepRap.
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Everyone has an opinion on the crowdfunding industry these days: it’s the new thing; it’s over; it’s just getting started, it’s overheated; it’s the future of finance, it’s fundamentally flawed.
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when a technology business ends up on a crowdfunding platform for growth capital, an investor might safely assume that the so-called smart money in Silicon Valley (or elsewhere) have already learned of and passed on the opportunity.
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Veloso has a bunch of contributor incentives for his campaign, for example someone who donates $159 will get a disc in the mail with all of the plans to build one of his printers, for about $3,999 a contributor will get a complete kit with all parts needed and 1 Kg of the UV resin! The price might be a bit steep but after you see the kind of detail that this printer can achieve you may find yourself seriously considering it.
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Needless to say, individual investors, most of whom are investing as little as $1,000, simply can’t muster anything close to those resources. It makes sense, then, for crowdfunding investors to focus on companies and industries that are more accessible, easier to understand, and on which they can realistically perform due diligence themselves.
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enture capitalists and angel investors spend weeks or months negotiating the terms and the structure of a new investment. Crowdfunding investors frankly can’t. Instead, they are typically forced to accept one-size-fits-all terms proposed by the company’s founders or a lead investor.
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Of course not. So why would you invest in securities on a site that is run by a management team that had no experience in investing and no demonstrated knowledge of the securities business? Common sense will help lead investors to screen crowdfunding portals for those that have an established background
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Aside from direct patent infringement, 3D Systems claims that the crowd-funding campaign has caused “immediate and irreparable injury and damage to 3D Systems” by promoting the new printer.
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two-thirds of investors surveyed expressed the need to feel some emotional connection with a target company.
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They should engage customers and other potential funders through social media and present a human face.
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A wise company will stress the risks to avoid a backlash on the same networks that it used to raise cash.
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The company's new small shareholders get discounts on the company's products, and they can gather in a private forum to chat. This is more than a straightforward financial holding. Like social media itself, it's all about community.
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Fiction Kitchen used Kickstarter, a crowd-funding website, to raise $37,423 for new kitchen equipment, including an exhaust hood and range that have never come in contact with meat.The restaurant’s campaign, which kicked off Sept. 6, attracted 590 backers and surpassed the owners’ $36,000 goal by their Oct. 13 deadline.“Not only is it a way to raise money, but it’s also a way for me and Siobhan to gauge whether this is a viable thing,” Morrison said.
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Yes the Project Eternity Kickstarter ended with record breaking numbers a while ago, but PayPal donations stayed open. Yesterday marked the end-proper of crowd-funding, and the new grand total stands at $4.3 million, Obsidian announced. That total can still budge slightly via a solo Slacker Backer tier left open on the Obsidian site - $29 for game code, basically. There's also the option to simply donate money for nothing in return. There have been a few updates worthy of note since the Kickstarter drive ended.
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. Both government and private leadership see that growth in the funding of small businesses is a critical corner piece in the jigsaw puzzle of economic growth, and thus jobs. But why do we think small businesses are so important?
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Crowdfund Investing is a great example of this in action, as provided for by key sections within the JOBS Act.
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As a result, I believe small business investment through crowdfunding will prove to be a game-changing “bottom-up” approach to economic development using Finance. Jobs will follow as quality businesses are funded and this new capital market grows. We’re just waiting on the S.E.C. to finalize their Rulings, which have been delayed, but will roll out in two phases throughout 2013: first empowering accredited investors, then later in the year, non-accrediteds.
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Crowdfunding is exactly the kind of bottom-up “help us help ourselves” solution that government should be doing more of to help small businesses.
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If job creation through crowdfunding is going to be effective, and credible, there needs to be data and tracking behind it, which will in turn help guide all those involved in creating access to capital towards more effective jobs creation.
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MicroVentures is an online peer-to-peer investment marketplace. It helps accredited investors pool their cash together and get access to startup funding opportunities that aren't usually available outside of the traditional venture capital network.
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Indiegogo is part of the old guard in the crowdfunding space, at the ripe old age of four. The company says it's "the world's largest global funding platform."
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Mike Norman says he created Boston-based WeFunder "specifically to respond to the new opportunities the JOBS Act provides."