Pirate Bay cofounder Peter Sunde is building a new mobile messaging app that will have superior encryption to prevent pretty much any outside party from listening in on your conversation, he said.
The app, named Hemlis (Swedish for “secret”), is undoubtedly in response to the NSA’s controversial PRISM online surveillance program that was leaked to the public by Edward Snowden just weeks ago. Sunde, who along with fellow cofounders Linus Olsson and Leif Högberg announced the app today, said the service will be so secure that no one will be able to compromise the data — not even the app’s creators.
The crowdfunding industry made it clear it isn't going anywhere last year. Popular crowdfunding platforms like Kickstarter and Indiegogo made it simple for entrepreneurs to fund their creative projects by soliciting donations from the general public. With more than 600 platforms worldwide, crowdfunding has grown from a $530 million industry in 2009 to nearly $2.7 billion last year, according to a recent study by Massolution, a research firm specializing in crowdsourcing businesses.
The relatively new funding strategy -- in which entrepreneurs receive donations often in exchange for small perks or gifts -- is predicted to eclipse $5 billion in total funding in 2013, according to the study.
But not everyone has fully adopted crowdfunding. Platforms in Asia, home to more than half of the world's population, were responsible for only $33 million in funding last year—just over 1% of the total raised, according to the study. With so many entrepreneurs relying on the masses to jumpstart their projects, it's noticeable that the largest concentration of people on the globe appears to be uninterested.
It’s said that investors are wont to follow. Once a startup has persuaded the first angel or VC to invest, it’s significantly easier to get others to join the round. A similar mentality at scale can be seen in crowdfunding. Campaigns that garner enough backers early on reach a tipping point that often sees the project funded well before its deadline. Meanwhile, those that fail to attract enough initial backers are usually destined to be consigned to the crowdfunding graveyard.
We have all heard the buzzword but... what is crowdfunding exactly? And what is its potential for growth in Europe? To fully understand the opportunities and risks of this fast-growing field, the European Commission organized a workshop with crowdfunding platforms, their users, consumer protection bodies and regulators. Check it out and have your say! More info on crowdfunding in Europe inhttp://ec.europa.eu/internal_market/f...
It’s 10am in Nabbesh’s offices in Dubai. The team is a bit speechless. “We’re at 29%,” someone says excitedly. Founder Loulou Khazen sounds surprised.
Yesterday, at the same time, Nabbesh, a skill exchange platform based in Dubai, debuted the first equity crowdfunding campaign on Eureeca, an equity crowdfunding platform, since it went live last month.
According to industry estimates, there are currently over 500 active crowdfunding platforms – some sources have quoted 9,000 registered domain names related to crowdfunding. While these platforms vary along stated dimensions like form of security to investor—equity, debt, rewards, donation, industry and geography—there is another more important, often not stated, dimension that differentiates emerging platforms: quality. While the term “quality” can mean many different things, in the context of crowdfunding platforms it should come down to this: the more transparently that a platform brings together investors and entrepreneurs with the tools needed to make informed decisions which allow for mutual benefit, whether financial or psychological, the higher the quality of that crowdfunding site. The platforms that achieve this goal responsibly will share five characteristics...
Crowdfunding is a growth industry. Not only is the number of successfully funded projects increasing, but also the number of platforms available increases. This is a good development because each platform can specialize to offer the best chances to each type of project. SellAnApp, the crowdfunding platform for apps, uses crowdfunding for their own company and has chosen to run a hybrid campaign, both on the Dutch Symbid platform and on FundedByMe, an international platform based in Sweden. We interviewed Susan Sjölund, marketing manager of FundedByMe about their growth in The Netherlands and what makes campaigns successful.
Toronto- Crowdfunding should advance social welfare and the rate and direction of innovation, according to a new paper released this month by a team of economists at the University of Toronto. Professors Ajay Agrawal, Christian Catalini and Avi Goldfarb released a paper entitled “Some Simple Economics of Crowdfunding” to offer some economic insight into the pros and cons of equity crowdfunding that will be authorize under the US Jumpstart Our Businesses Startups Act.
Fundable has released the following infographic explaining the high-level details of the removal of the ban on general solicitation for select private placement offerings. Fundable is a Columbus, Ohio based crowdfunding platform.
The SEC has just voted 4 to 1 in favor of implementing section 201(a) of the JOBS Act, which lifts the ban on general solicitation and permits startups, venture capitalists, and hedge funds to openly advertise that they’re raising money in private offerings. While it may pose added risk of investors being misled, it should make it significantly easier for companies to raise capital to start or continue financing a business.
Dubai, 08 July 2013The world's leading regulated crowdfunding platform, Crowdcube has announced that they are planning to expand in the MENA region. Crowdcube has formed a JV partnership known as Crowdcube MENA.
You’ve just spent the most intense month of your life sending hundreds of online updates via all the Social Media platforms available on Earth, asking your friends and the friends of your friends, and the guy on the line at CVS to spend their money and use their contacts to help you reach your goal and you did! Life is awesome.
You’ve been dreaming about telling this story for so long! And now, not only do you have the money you need, but you also have an audience, a group of people rooting for you, waiting for you to share your vision and what you have to say about the world. What else can you ask for?
Well, I don’t know about that, but I know that the people who have invested in you are asking for much much more than what you expect.Welcome to the more-work-for-no-money period of your life.
Kickstarter just announced via its Twitter account that it will be opening up its crowdfunding platform for Canada-based projects as of “later this summer.” Thus far, that’s as specific as the company is getting, but anyone interested in finding out more can sign up at Kickstarter’s Canada launch page with their email and project category of interest to get an alert when things go live.
On Wednesday morning Kickstarter was sent a blog post quoting disturbing material found on Reddit. The offensive material was part of a draft for a “seduction guide” that someone was using Kickstarter to publish. The posts offended a lot of people — us included — and many asked us to cancel the creator’s project. We didn’t.
Danae Ringelmann, co-founder of Indiegogo, said she is "excited" about equity crowdfunding, but her organization may not pursue the option if rules handed down by U.S. and Canadian authorities are too rigid to allow her platform to adapt its implementation or that could "stifle innovation."