Crowdfunding for education in Egypt: Funding for civil society democratised | Ahram OnlineCrowdfunding has been steadily growing in popularity around the world as an alternative fundraising tool; over the past three years, Egypt has been catching up with the global trend. In 2012 and 2013, several initiatives and artists successfully used crowdfunding platforms such as indiegogo, kickstarter and the Lebanon-based Zoomal to raise funds for their projects, such as independent media collective Mosireen, urban-discourse platformCairobserver, revolution graffiti book Walls of Freedom and for films by Omar Robert Hamilton and Sherief Elkatsha.
Mosaic, Enphase unveil partnership | RechargeMosaic offers a fully automated online portal that allows homeowners to process all paperwork instantaneously, to have a solar energy system installed and to benefit from a prepaid service plan for no money up-front – while lowering their monthly electric bill.Through the Mosaic Home Solar Loan, homeowners maximize their return on investment by keeping the investment tax credit and owning their solar system.Additionally, the Mosaic Home Solar Loan mitigates any potential issues for the homeowner when selling the house. At that time, the homeowner can re-pay the loan at any time with no penalty or transfer it to the new homeowner, according to the two companies.
MH370 reward campaign organisers extend crowdfunding deadline | The Malaysian InsiderOrganiser Ethan Hunt said in a post on the crowdfunding website Indiegogo.com yesterday that the decision to extend the campaign for another 30 days was made “to ensure we have every opportunity to raise the funds required to meet our objectives.“While there is never a good time to commence a campaign, recent world events have conspired against us.
P2Binvestors Issues One of the Largest Loans in Crowdfunding History | Crowdfund InsiderP2Binvestor (P2Bi) announces a $2 million line of credit to a Boulder-based client, representing one of the largest single crowdlending transactions ever. This credit line adds to P2Bi’s rapid growth and puts the young company on track to achieve a lending portfolio of $25 million this fiscal year.
How does graphics crowdsourcing work in the business world? | e27Clients won’t be getting run-of-the-mill artwork either. CEO Yuya Kuratomi said to e27 that there’s an in-house art director who oversees the project and provides quality control. The biggest challenge he and his company have to face is cultural differences. “Because we are a global company working with artists from all over the world, there can sometimes be cultural differences (which include language barriers and timezone issues). Finding highly-skilled artists who can work in a client’s time frame is difficult, but it’s worth it in the long run.”
Citizens Proffer Solution To End Terrorism In Nigeria | Sahara ReportersTired of mere condemnations and the usual blame game, citizens on social media platforms responded to a call for suggestions on ways to combat this surge of terror. Over 1,000 suggestions were received in two days, with the hashtag #CitizensSolutionToEndTerrorism trending on Twitter on both days.
Yahoo Uses Crowdsourcing To Teach GPS To Find Scenic Routes | CBS LocalIt inspired Yahoo researchers to parse through metadata of more than 5 million pictures in Flickr and Foursquare to capture which routes people find interesting and enjoyable, even if it took longer.After converting votes from more than 3,300 individuals in London and Boston into quantitative measures of location perceptions, a smaller group of participants were asked to rate the researcher’s recommendations through photos.
Mapping the ‘sharing economy’ | Houston ChronicleAll that peer-to-peer commerce isn’t spread equally across the world, of course. Airbnb, perhaps the most successful so far, lists around 550,000 places to spend a night — in 34,000 cities around the globe. In the map shown above — a map that appears in Airbnb’s 2013 annual report — the trend is obvious: Most rentals are in cities that attract tourists. New Orleans is huge. Austin is significant. And Houston isn’t even a dot.
Housetrip targets mums not backpackers | Marketing WeekHousetrip launched a television advertising campaign in May created by McGarry Bowen that introduced the concept of “Housetripping” and the strapline “Do you Housetrip yet?”.Al-Qassab added that the TV activity was just the beginning of turning Housetrip into a household name and he was looking to sign partnership deals with some trusted brands in the near future.
Wellspring Announces New Web Address | Digital JournalThe Chicago-based Open Innovation software company was founded in 2003 as a spin-out of Carnegie Mellon University, initially providing technology transfer software solutions to universities and hospitals. Wellspring’s Sophia software platform is now used in universities across the world, in hospitals such as University Hospitals/Case Medical Center and Children’s Hospital of Los Angeles, and by corporations such as Johnson & Johnson Consumer Products, as well as within government departments including the US Department of Veterans Affairs. Wellspring recently closed $5 million in capital from MK Capital, with plans to strengthen its existing products and provide new technologies in Open Innovation for all sectors of R&D.
GE Launches Global Ecomagination Innovation Challenge to Reduce GHG Emissions in Canada’s Oil Sands | The Wall Street JournalGE is calling for the best global minds, within and outside the industry, to help develop solutions that can be scaled and commercialized within the industry. The Challenge is in two parts, with submissions due September 30, 2014 and March 15, 2015 respectively. Winners of the Challenge can potentially share up to CAD$1 million in seed funding to further develop and commercialize the proposed solutions and will be eligible to become a supplier or contractor to GE on future projects.Read More →
Thomas Vass, manager of the Private Capital Market and a frequent contributor to Crowdsourcing.org, is an expert on the topic of companies raising capital. A crowdfunding evangelist, he’s published countless research articles on the matter.
Recently, Vass begun appearing on Wilmington, North Carolina-based WMYT 106.7’s program ‘Curtis Wright on the Beat.’ In a weekly segment called ‘Cape Fear Capital Connections,’ Vass and Wright discuss the state’s economic, financial, and stock market news, among other topics — including crowdfunding. The 30-minute segment airs every Monday at 7am.
In the latest episode, Vass discusses crowdfunding with guest Dwight Loftis, a South Carolina state representative who recently introduced an intrastate crowdfunding bill. You can listen to the conversation below, and also view the previous installments here.Read More →
School may be out for summer, but the nation’s education-focused technology startups are still hitting the books, drumming up new business and new investments to capitalize on overwhelming demand for innovation from primary and secondary schools and colleges.
New government initiatives are underway nationally — where education spending is expected to top $1 trillion — and… Read More
There are VCs, and then there are classic VCs. It was 1980, and 30 year old Dave Marquardt was a young, hot shot VC at Technology Venture Investors looking for his next deal. He heard through the grapevine that another young hotshot, “Billy Gates,” was having success with a startup called Microsoft, and he called one of Gates’ employees Steve Ballmer, who was his former… Read More
The Cutting Edge Capital DPO offers an unsecured note with a four percent annual interest rate over a term of five years, and is being listed on CuttingEdgeX (CEX), an online marketplace that connects everyday investors with independent, social enterprises that need growth capital. CEX, launched in partnership with Hylo, is the only nationwide crowdsourcing platform that currently provides a legal way for both accredited and non-accredited investors to discover and participate in DPOs.
SOURCE: http://www.prweb.com/releases/2014/06/prweb11940821.htmRead More →
Nearly one month after collecting the first tranche of a $50 million round in the form of a strategic investment from home security company ADT, Life360 has named a chief technology officer, and expanded its platform as new competitors encroach.
The San Francisco-based company named former Klout chief technology officer Virendra Vase as its new CTO. Vase previously worked at Salesforce and Yahoo! Read More
The equity crowdfunding platform SeedInvest announced yesterday that it closed a $4.15 million Series A round.
The first $2 million came from several VC firms, including Scout Ventures, Great Oaks Venture Capital, Avenue A Ventures, Archer Gray, and Krillion Ventures. The rest came from 42 accredited investors through the crowdfunding platform’s own raise. The average investment size on its platform came out to just over $51,000.
“We decided there was no better way to illustrate our conviction in our platform than by utilizing it ourselves,” said Ryan Feit, CEO and co-founder of SeedInvest in a statement. “This was the perfect occasion to tap our rapidly growing investor base and provide them with the opportunity to join our journey.”
SeedInvest claims it raised its $3 million target in a week, which is a bit misleading since it had secured the $2 million from VCs back in April. Still, it’s an impressive step for the company that’s taken an active role in promoting equity crowdfunding since the JOBS Act was signed into law back in April 2012.
In just the past three months, the company claims, it has helped firms raise over $6 million through its platform.
Though it eventually wants to open up to the unaccredited crowd, for now SeedInvest is limited only to accredited investors — that’s the case for nearly all crowdfunding platforms operating at the moment. A select few, like Fundrise, register certain offerings with the SEC, allowing for the unaccredited to participate, too.Read More →
Over the last two years, crowdfunding thought leaders have been coming together in Las Vegas for the Global Crowdfunding Convention and Bootcamp.
This year is no different, with the third iteration of the event scheduled for October 23-25.
The annual event draws crowdfunding evangelists and entrepreneurs to network and discuss crowdfunding trends and emerging technologies. For those who are less familiar with the industry, there’s a crowdfunding master class scheduled. The agenda also includes crowdfunding advice from successful campaign owners, awards, and more.
As in past years, there’s an impressive speaker and panelist lineup. Some of the names include Douglass Ellenoff of Ellenoff Grossman & Schole, Sherwood Neiss and Jason Best of Crowdfund Capital Advisors; Kevin Carreno of FINRA; Paul Niederer of ASSOB, Daryl Hatton of FundRazr, and Kendall Almerico of Fund Hub, among many others.
On Friday, event organizer Ruth Hedges announced that Shark Tank investor Kevin Harrington and author and speaker Scott McKain are joining the speaking roster.Read More →