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SEC allows regular Americans to become venture capitalists, no Silicon Valley cred required

By   /  March 25, 2015  /  Business  /  No Comments

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Get the PayPal account ready.

Startups can now raise up to $50 million by selling stock online to anyone, opening the door for Internet-based equity crowdfunding platforms to begin operation

The Securities and Exchange Commission voted unanimously on Wednesday to adopt rules that permit startups to raise money from the vast majority of Americans, including provisions that allow for deals to be made over the Internet

Previously, only individuals with more than $1 million in net worth or income of at least $200,000 for each of the last two years — so called “accredited investors” — could easily invest in startups. Some websites already offer the chance to invest in startups online, but prospective investors had to be accredited and subject to more stringent regulations. Read more…

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Documentary about film scores seeks final crescendo of Kickstarter funds

By   /  March 14, 2015  /  Business  /  No Comments

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LOS ANGELES — To the right of Kenny Holmes’ half-eaten bagel, his phone flashes with notifications from a Kickstarter app, each pop-up message signifying a new donation to his already fully funded crowdfunding campaign to create a documentary about film scores

Score: A Film Music Documentary, which will explore the world of composers and the powerful scores they produce for major movies, will include interviews with Hans Zimmer, Danny Elfman, John Powell and dozens more musical stalwarts.

Just from midnight to noon, local time, on Friday, 45 donors pledged $2,230, bringing the total raised since Feb. 15 to more than $91,000, Holmes showed Mashable at a local café. Read more…

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Pebble Time breaks original’s Kickstarter record in just 48 hours

By   /  February 26, 2015  /  Business  /  No Comments

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It took the original Pebble smartwatch a little over 5 weeks to raise $10.27 million. It took Pebble Time just 48 hours to top that.

Officially unveiled Tuesday, the Pebble Time broke Kickstarter records, raising its first million in just 49 minutes.

The Pebble Time is the next-generation Pebble smartwatch. It has a thinner design, a color, e-paper display and a microphone for voice replies and notes. Still, the Pebble Time remains waterproof and promises a battery life of up to 7 days

The Pebble Time will retail online and in stores for $199 but Kickstarter backers can get the device early. The first 10,000 backers were able to get the Pebble Time for $159, the current price is $179. Read more…

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A Kurt Vonnegut documentary is a Kickstarter you might actually want to back

By   /  February 10, 2015  /  Business  /  No Comments

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At the age of 22, Robert Weide wrote a letter to Kurt Vonnegut in which he proposed a documentary about the 60-year-old legendary novelist.

Vonnegut agreed. That was 33 years ago

A new Kickstarter project aims to turn the hours of footage into a documentary called “Kurt Vonnegut: Unstuck in Time.”

This is no ordinary documentary; it’s one about a friendship that grew out of an attempt at a documentary.

As Weide began filming Vonnegut, including trips to the author’s boyhood homes and his 60th high school reunion, the two became friends. This relationship, Weide worried, would affect the documentary Read more…

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Teen goes to Target for a tie, leaves totally prepped for first job interview

By   /  February 6, 2015  /  Business  /  No Comments

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Sometimes, you really can depend on the kindness of strangers.

A teenager in Raleigh, North Carolina, was only shopping for a clip-on tie at his local Target, but left with much more than he bargained for, thanks to a helpful employee.

That particular Target didn’t sell clip-on ties, so the teen — who needed one for a job interview at Chick-fil-A — asked for assistance from an employee named Cathy Scott. Scott then asked her coworker, Dennis Roberts, to help the teenager tie a (real) tie. But Roberts didn’t stop there; he also imparted words of wisdom. Read more…

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Alaska man takes 46-mile stroll in sub-zero temperatures

By   /  February 6, 2015  /  Business  /  No Comments

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An Alaska man who attempted to walk 50 miles between two villages at 35 below zero was found in good shape 4 miles from his goal by searchers called by his family.

Lawrence James, 52, wore heavy winter gear and carried water and a .22-caliber rifle. He walked nonstop for 15 hours and told searchers he didn’t get cold on the long stroll between Birch Creek and Fort Yukon, the Fairbanks Daily News-Miner reported.

James left Birch Creek at about 7 p.m. Monday and spoke to Fort Yukon Police Officer Michael Ivie on Tuesday when he was found. Read more…

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Crowdfunding drive raises £285,000 to relocate pensioner with disabilities after attack

By   /  February 2, 2015  /  Business  /  No Comments

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LONDON — When a 67-year-old man with disabilities was attacked and left with a broken collar bone outside his home in Gateshead, one woman decided she wanted to help.

Beautician Katie Cutler read about Alan Barnes’ plight – and how he’s frightened to return to his home following the ordeal – and set up a Go Fund Me page to raise money to help towards the cost of relocating him.

She asked for £500 ($750), the Internet responded with £285,000 ($430,000) and counting.

Barnes, who is visually impaired, was mugged outside his home on Jan. 25. The attack, which was described as “disgraceful” by police, left him too afraid to return home. Read more…

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A woman raised thousands to help a disabled man after brutal attack

By   /  February 2, 2015  /  Business  /  No Comments

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LONDON — When a 67-year-old man with disabilities was attacked and left with a broken collar bone outside his home in Gateshead, one woman decided she wanted to help.

Beautician Katie Cutler read about Alan Barnes’ plight — and how he’s frightened to return to his home following the ordeal — and set up a Go Fund Me page to raise money to help towards the cost of relocating him.

She asked for £500 ($750), the Internet responded with £285,000 ($430,000) and counting.

Barnes, who is visually impaired, was mugged outside his home on Jan. 25. The attack, which was described as “disgraceful” by police, left him too afraid to return home. Read more…

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‘Frank’s final wish’: Strangers fund Super Bowl trip for Patriots fan with stage 4 cancer

By   /  January 28, 2015  /  Business  /  No Comments

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A few days before the AFC Championship Game on Jan. 18, a Long Island man named John Borzumato picked up the phone and called a few close friends in Bellingham, Massachusetts. He wanted to check in, see how things were going, learn about the updates in his friends’ lives since they’d talked last. Perhaps there’d be a bit of pre-game banter, too

Borzumato is a die-hard Colts fan. But Frank and Leigh Clark, you see, are Patriots fans. Frank, a 48-year-old Massachusetts native, said he was “born into it.” It was their two respective teams set to face off in the AFC title game, with a trip to Super Bowl XLIX on the line. What better time for a call? Read more…

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TLC’s Kickstarter for final album reaches goal with Katy Perry’s help

By   /  January 24, 2015  /  Business  /  No Comments

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LOS ANGELES — Katy Perry roared out of nowhere to help the ladies of TLC successfully and swiftly reach their $150,000 goal on Kickstarter to fund a farewell album.

In mere days since announcing the campaign, TLC has soared past the crowdfunding goal thanks to 2,000 donors, including “Roar” singer Katy Perry

The Super Bowl halftime show headliner supported the campaign with a $5,000 pledge. Rozonda “Chilli” Thomas and Tionne “T-Boz” Watkins quickly thanked Perry with emoji-filled tweets. As of Friday, the campaign has raised $212,000 with 26 days remaining Read more…

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