10 Bitcoin Startups to Benefit from Crowdfunding Initiative
Simon Dixon and Max Keiser are joining forces to help launch 10 non-competing bitcoin startups on the crowdfunding and equity crowdfunding platform BankToTheFuture.com. The aim, says Dixon, is to help the companies get "investment ready" by aiding them with their tax, legal issues, business plan, financial model, valuation, video pitch and marketing for their equity crowdfunding campaign, and take them through the initial stages of securing funding. Dixon pioneered the development of equity crowdfunding, consulting the Bank of England, Treasury and Financial Conduct Authority for a change....
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People can now back projects and business ideas using bitcoin, as RLabs launched its mToto bitcoin crowdfunding platform recently. This is an initiative between Uusi and RLabs which aims to help underserved education and health centers in under-resourced communities in South Africa and to develop tools for innovative challenges and products. Companies or groups that are able to raise enough capital through the mToto bitcoin crowdfunding platform will receive the amount converted to cash. "We convert the Bitcoin to cash and resources and share the results each month with the broader....
The U. S. Securities and Exchange Commission (SEC) announced regulations allowing crowdfunding for newer and smaller companies, which could help support bitcoin startups. These could allow companies still struggling to raise capital to gain access to funds even from alternative sources. Prior to this regulation, companies could usually raise a significant amount of capital by issuing stock or securities to wealthy individuals only after undergoing a thorough and expensive registration process under the SEC. This has been a barrier to market entry for some, as not all startups have enough....
Decentralized crowdfunding startup Swarm has announced the first class of businesses that will feature on its bitcoin-powered platform. The crowdfunding platform's application process saw a number of groups submit applications, with a select few advancing to the video presentation stage. Entrepreneurs hoping to take part in the initiative pitched their projects, all emphasizing the importance of decentralized innovation. The company now says that five companies and organizations comprise its first class: Manna - a developer of smart personal drone networks. Coinspace - an operator of a....
Crowdfunding platforms is one key area where Bitcoin has not yet been able to break much ground, even though there are local initiatives such as BitFlyer’s platform. Now that major electronics company Sony has announced their Japanese crowdfunding platform, things might be picking up for Bitflyer and Bitcoin as well. It is no secret that Sony has been dabbling around in the world of crowdfunding platforms in the past. But rather than trying to secure funding for their own projects, First Flight will take a slightly different approach. First Flight is the latest initiative coming from....
The SEC has just made equity crowdfunding legal. Here's our take on how this applies to bitcoin and the blockchain. Last October, the US Securities and Exchange Commission released this update, which detailed the adoption of the final rules surrounding equity based crowdfunding offerings. The concept was first addressed as part of the Jumpstart Our Business Startups (JOBS) act way back in 2012, which was signed in by Barack Obama, as a tool that would facilitate the process through which small and medium business enterprises gain access to operating and development capital. Up until now,....