Crowdfunding sites are a lifesaver to NY businesses affected by Hurricane Sandy. Victor Chen’s Peck Slip sushi spot, SUteiShi, was six feet underwater after the storm. Although he applied for Small Business Administration loans, he hasn’t received anything. According to Crain’s New York [Full Story…]
NY #Bookstores Find #Crowdfunding Success
December 16, 2012 at 2:04 pm
When its subtenant The Cupcake Cafe closed, it put Books of Wonder in a difficult situation, leaving the Flatiron bookshop with an additional 40% of additional rent. The $32,000 monthly rent drained the store's resources. According to Crain's New York Business, owner Peter Glassman started a [Full Story…]
Unglue.it Breathes New Life into Out-of-Print Books
October 1, 2012 at 10:03 am
NJ based Unglue.it is a crowdfunding website devoted to buying the rights to out-of-print books. When enough funds have accumulated, the money is transferred to the rights holders and Unglue.it releases a free digital edition of the book. The site "unglues" books with a creative commons license [Full Story…]
NY’s Kickstarter Passes $250 Million
August 19, 2012 at 12:06 pm
NY's Kickstarter is the largest of dozens of sites devoted to crowdfunding, in which donors contribute small sums of money to get a project off the ground. The startup works by letting inventors, artists and entrepreneurs post their projects on a Kickstarter page, and set a fixed duration for their [Full Story…]
Funding Post: Angels and VCs Approve of Crowdfunding #FundingPost
August 13, 2012 at 9:34 am
By Lauren Keyson FundingPost held its Summer Angel & Venture Event at The Soho Loft recently to discuss crowdfunding and the JOBS Act. A panel talked about what the new bill means to angels and VCs, and how entrepreneurs can take advantage of it to grow their businesses. The premise is that [Full Story…]
#NYEBN – Five Crowdfunding Stars Love Kickstarter
July 9, 2012 at 12:40 pm
By Lauren Keyson NY Entrepreneur Business Network invited five winning startup founders to Columbia University on Thursday to advise a room full of entrepreneurs and students on how to be successful at raising money on Kickstarter, as well as other microfinance platforms. Every week, tens of [Full Story…]
KeyWiFi Looks to Crowdfunding
March 30, 2012 at 3:26 pm
KeyWifi, a NY-based startup aimed at creating a way for people to "rent out" their unused WiFi networks to nearby users. To do this, they need more funding; and so, they have started a crowd-funding campaign with the hopes of raising $20,000 to complete their project. Currently, the company has [Full Story…]
Mobcaster Creates Crowd-Funded TV Shows
March 23, 2012 at 11:55 am
The NY-based startup Mobcaster is a new crowdfunded Web TV channel where creators get immediate feedback on their projects. Similar to Kickstarter for TV, users pitch story ideas, set funding goals and establish a timeline. Audiences support their favorite shows with funding, resulting in a [Full Story…]
Artists Receive Support via Financial Crowd-Sourcing
March 22, 2012 at 7:11 am
While the economy continues to trip over its feet, attempting to regain balance, money troubles have taken a stark toll on artists, who have been forced to heighten their hunt for new fund-raising strategies. According to The New York Times, financial crowd-sourcing on the Internet has been embraced [Full Story…]
NY Startups Give Their Take on Crowdfunding for Equity Capital
January 17, 2012 at 3:09 pm
New legislation pending in Congress could create crowdfunding sources like NY-based startups Kickstarter and RocketHub that provide equity capital to businesses. The bills have supporters among Democrats, Republicans and entrepreneurs. “I see [crowd funding] as a positive,” Ian Fichtenbaum, [Full Story…]
Lucky Ant Looks to Move Crowdfunding to Community Level
January 6, 2012 at 10:04 am
Street Fight Mag recently spoke to Jonathan Moyal, the co-founder of the hyperlocal crowdfunding site Lucky Ant. Moyal explained that the name Lucky Ant comes from their slogan, "No ant works alone" and from the idea of people getting together to make something bigger happen. The service provides [Full Story…]
Kickstarter Announces It Has Over One Million Backers
October 16, 2011 at 2:06 pm
Kickstarter, the NY-based crowd funding platform, announced they have more than one million people backing at least one project. In the last five months, the company has acquired more than 400,000 backers and, according to Mashable, "Out of those 1 million backers, approximately 16% (166,823 people) [Full Story…]
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