Charging bull and defiant girl at the bayshore

Posted on Leave a commentPosted in Crowdfunding, government, Leadership

This sculpture exhibit and the associated story in Wall Street Journal this week perfectly symbolize for me where we stand today in the evolution of humanity. It strikes a chord with me personally having transitioned from Wall Street to environmental advocacy and now facing the threats of institutional power. This week the small business nonprofit […]

Crowdfunding update at year end 2016

Posted on Leave a commentPosted in Crowdfunding, Financial Planning

Yesterday the National Law Review published a concise and useful update on Regulation CF crowdfunding written by Samuel Effron. The article summarized the results of the first six months of Regulation CF crowdfunding (July – December 2016). I exchanged emails with the author. We agree that crowdfunding is still in its infancy and we have too […]

Evaluating the risks and rewards of small business crowdfunding

Posted on 1 CommentPosted in Accounting, Crowdfunding, Real Estate

I’m now loosely tracking 17 activity different US-based small business crowdfunding portals. This excludes all the portals intended for personal or charitable crowdfunding that would bring the total to 31. The number of investment options continues to grow and the field continues to grow more complicated. The risk to investors remains high and grows in […]

More warnings of crowdfunding fraud

Posted on 1 CommentPosted in Accounting, Computers and Internet, Crowdfunding

“There was a time when a fool and his money were soon parted, but now it happens to everybody”. Yesterday GrindTV ran an article about more crowdfunding fraud. Investment without responsible independent financial oversight leads to disaster. That’s why the accounting profession exists. Investors simply need a healthy dose of reality here. The most basic […]

Another reason to stay clear of GoFundMe

Posted on 1 CommentPosted in Crowdfunding, Entertainment, Scam

In a post titled “Fraud in Crowdfunding” I’ve written about the ridiculously high rate of fraud on GoFundMe campaigns. Some third-party evidence suggest that the majority of campaigns on that site involve some type of fraud, deception or mismanagement. The scams reported target both the project sponsors and those who fund the projects. Simply put, […]

Small business equity crowdfunding: the first 90 days

Posted on 1 CommentPosted in Crowdfunding

In the first three months that small business equity crowdfunding was allowed, only 17 of the 117 businesses that registered offerings on SEC-approved platforms met their minimum funding requirement, according to a NextGen Crowdfunding press release. By ‘small business equity crowdfunding’ I am referring to public offerings up to $1 million sometime referred to as […]

Crowdfunding at its worst

Posted on 1 CommentPosted in Crowdfunding, Financial Planning, Investment

It was bound to happen. A crowdfunding platform called First Asia Alliance apparently misrepresented investments, may have mishandled investors’ money and now the owners may now be bankrupt. Crowdfunding is a ripe opportunity for fraud and we know that mismanagement is rampant in some non-business crowdfunding platforms like Gofundme. Fortunately, this failed crowdfunding project was in Asia so few […]