News

Banks to publish local lending data

(Banks feel the competitive force of Peer to Peer lenders and crowdfinance - http://theodi.org/blog/peer-peer-lending-businesses-lead-way-opening-financial-data) Major UK banks will reveal details from January of their lending in thousands of local areas, Chief Secretary to the Treasury Danny Alexander has announced. He hopes publishing lending data across 10,000 postcode areas will boost...

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Crowdfunding: Income or Gift? IRS Taxes and SEC Regulations Could Hurt Startups And Innovation On Kickstarter And Indiegogo

Say you’re raising money on Kickstarter for an independent film project: Are the proceeds a sort of communal gift-giving or simply a clever source of standard taxable income? The distinction matters, but nobody seems to know for sure. The U.S. Internal Revenue Service may have an opinion on the matter,...

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The hardware revolution will be crowdfunded

  Just a quick look at any of the crowdfunding platforms shows that the concept of funding projects via the web is impacting a huge number of industries. Whether it’s film, print, music or philanthropy, crowdfunding has enabled consumer capital to flow into initiatives easier than ever before. Of all the categories being...

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Crowdfunding a Poor Investment?

When Congress passed President Obama's JOBS Act in March 2012, one of the most intriguing provisions would enable crowdfunding—the ability for large groups of anonymous investors to fund startups. More than a year after the law was passed, however, the provision remains tied up in...

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Crowdfunding Nuts And Bolts: Tackling Fulfilment

One of the biggest challenges for very successful crowdfunded projects, as I mentioned in my last piece on crowdfunding, is how to deal with sending out all those rewards. Distributing digital rewards is quite simple, but physical items can be more problematic, especially if you get significantly...

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