Blockchain Security Firm Rivetz Launches ICO

Source: Blockchain Security Firm Rivetz Launches ICO

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Almost half of all money raised through crowdfunding is going toward medical expenses

crowdmedicalAlmost half of the money raised on crowdfunding sites like GoFundMe and YouCaring is going toward medical expenses.

Medical campaigns make up $930 million of the $2 billion raised on GoFundMe, according to NerdWallet. Almost half of the $800 million raised on YouCaring, another crowdfunding platform, went towards medical expenses, Bloomberg reports.

The reasons people cite for turning to crowdfunding vary from trying to fill in gaps in Medicare to hitting deductibles ( the amount of money a person needs to pay out of pocket before insurance kicks in) to just generally hoping to make ends meet.

Under the American Health Care Act, the Obamacare replacement bill that passed the House in May, 23 million more Americans could become uninsured by 2026, leaving millions more on the hook to pay for medical expenses out of pocket.

“Whether it’s Obamacare or Trumpcare, the weight of health-care costs on consumers will only increase,” YouCaring CEO Dan Saper told Bloomberg.

Source: Almost half of all money raised through crowdfunding is going toward medical expenses

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What You Should Know About Crowdfunding as Facebook Readies the Feature

2015-11-18-image-16Facebook soon will launch its own personal crowdfunding platform, which, like GoFundMe and other websites, will let individuals publicly ask for financial help, for their own benefit or someone else’s.

The social media giant’s foray into personal fundraising could make it a big player in a crowded field that attracts billions of dollars annually. A 2015 survey by the Pew Research Center found that one in five Americans has donated to a crowdfunding campaign, with about half giving from $11 to $50.

A big reason this kind of crowdfunding has become so popular is that it makes it easy to directly assist individuals facing difficult—or joyous—life events, or trying to put money together for a good cause.

For instance, on GoFundMe, the largest personal fundraising site, a Florida woman was recently seeking $50,000 for stem cell therapy for her young son, who she said had suffered a brain injury. A community in Washington state used crowdfunding to drum up more than $100,000 to save their beloved independently owned movie theater. Others have used crowdfunding to raise money for their weddings or to help pay their student debt.

Clearly, crowdfunding can make a huge difference in people’s lives. But is this kind of giving an effective way to spend your charitable dollars? Is it safe? How do you know you’re not funding a fraud? Before you give money to a crowdfunding campaign, it pays to understand the possible drawbacks and know how to avoid them.

 

Source: What You Should Know About Crowdfunding as Facebook Readies the Feature

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How crowdfunding is democratizing real estate investing

"Crowdfunding means democratizing access, in our case, to large-scale commercial real estate assets," says Rodrigo Niño, founder and CEO of Prodigy Network.
“Crowdfunding means democratizing access, in our case, to large-scale commercial real estate assets,” says Rodrigo Niño, founder and CEO of Prodigy Network. – TIMOTHY A. CLARY/AFP/Getty Images

Facebook recently introduced a crowdfunding feature called Personal Fundraising hoping to emulate successful crowdfunding platforms like GoFundMe. But crowdfunding has also become a popular source of financing for real estate developments. It exploded onto the scene since 2012 when the federal Jumpstart Our Business Startups (JOBS) Act, changed the way individuals could invest in projects or companies. Rodrigo Niño is founder and CEO of a platform called Prodigy Network, which uses crowdfunding to build commercial real estate, like the tallest skyscraper in his home country of Colombia. Marketplace’s Molly Wood talked with Niño about crowdfunding. Below is an edited transcript of their conversation.

Source: How crowdfunding is democratizing real estate investing

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How Crowdfunding Took On Private Equity And Won

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Commuters walk past cat posters at Clapham Common Underground station in south west London on September 16, 2016.Creative collective, Citizens Advertising Takeover Service (CATS), a project started by a group called Glimpse, have replaced many of the adverts in Clapham Common Underground station with posters featuring stray cats from Battersea Dogs & Cats Home and Cats Protection, after raising £23,000 from almost 700 people via crowdfunding website kickstarter. / AFP / Jack TAYLOR (Photo credit should read JACK TAYLOR/AFP/Getty Images)

Until very recently, anyone running a private company in the UK would have automatically turned to the private equity or venture capital sectors when looking for their first slice of equity capital. But research just published suggests this conventional route to fund-raising no longer offers the greatest prospects of success; online crowdfunding platforms are now more likely to provide the financing such companies are looking for.

Research agency Beauhurst’s analysis of investments into non-listed high-growth investments in the UK last year reveals that crowdfunding is now outperforming. The two largest platforms, Seedrs and Crowdcube, together accounted for 21 per cent of all such equity investment in the UK last year according to Beauhurst’s research.

Given that these two businesses didn’t even exist six years ago – Crowdcube launched in 2011 while Seedrs came along in 2012 – that’s remarkable. Between them, the two platforms funded more than 250 companies last year, with 45,000 investments from users in these companies’ equity.

Source: How Crowdfunding Took On Private Equity And Won

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NextGen Announces Crowdfunding Video Awards to Recognize The Best Crowdfunding Campaign Videos | Business Wire

LOS ANGELES–(BUSINESS WIRE)–NextGen Crowdfunding, the leading company that helps people explore new types of crowdfunding, announces the Crowdfunding Video Awards (CVAs). This new series of online awards programs will showcase the best videos from both rewards-based crowdfunding campaigns featured on Indiegogo, Kickstarter and other platforms, and equity crowdfunding campaigns. This contest celebrates and encourages the spirit of startups, entrepreneurship, and pursuing the dream of creating and owning a business.

“Founders throughout the world are leveraging crowdfunding as a way to pursue their passions and chase their dreams, and we want to help shine a light on their efforts.”

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The CVAs will provide entrepreneurs with new ways to promote their crowdfunding campaigns and products to backers and potential investors. The first season will debut in January 2017 with online pilot programming, as well as continuing programming through April 2017. The season will include five preliminary awards shows, and will culminate in a sixth and final seasonal awards show.nextgen-crowdfunding

Source: NextGen Announces Crowdfunding Video Awards to Recognize The Best Crowdfunding Campaign Videos | Business Wire

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SportsEngine/NBC Sports acquires RallyMe

 

SportsEngine/NBC Sports acquires RallyMe
 

SportsEngine announced today that it has acquired RallyMe, the No. 1 platform for online sports fundraising. SportsEngine, an NBC Sports Group company, is the leading provider of Sport Life Management web software and mobile applications for youth, amateur, and professional sports.

“As costs for youth sports participation continue to rise, the need to fundraise has never been more critical,” said Bill Kerig, RallyMe Founder and CEO. “RallyMe has helped thousands of athletes, teams, and organizations raise millions. Now, by joining SportsEngine and the NBC Sports Group, we look forward to expanding our reach to help millions of hard-working athletes fund their dreams.”

SportsEngine’s acquisition rounds out the company’s whole-product solution for youth and amateur sports.

“RallyMe is the perfect fit for SportsEngine and the athletes, teams and organizations we’re serving,” said Justin Kaufenberg, co-founder and CEO at SportsEngine. “We believe that participation in sports changes lives by teaching us priceless lessons in character, commitment, leadership and discipline.”

Kerig, along with RallyMe president Whitney Childers, will continue to lead RallyMe from its Salt Lake City headquarters.

“By joining SportsEngine/NBC Sports, we will have marketing and staffing resources to increase our level of service for athletes and organizations,” said Childers. “Our goal is to ensure that no athlete ever has to quit playing their sport because of lack of funds.”

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About SportsEngine
Helping the world play smarter and live more, SportsEngine is the leading provider of Sport Life Management web software and mobile applications for youth, amateur, and professional sports. Powering more than 500,000 sports teams, leagues, clubs, and associations, SportsEngine features a complete suite of easy-to-use tools that help sports organizations manage, connect, and communicate with a diverse range of stakeholders. Founded in 2008, SportsEngine is based in Minneapolis, Minn. For more information, visit www.sportsengine.com; like the company on Facebook at Facebook.com/nbcsportsengine; or follow SportsEngine on Twitter at@nbcsportsengine.

About RallyMe
RallyMe is the No. 1 online sports fundraising platform. RallyMe has partnered with over 35 sports National Governing Bodies and top sports organizations across the globe to help athletes, teams and organizations raise the funds they need to train and compete. Thousands have raised millions on RallyMe. The platform is safe, secure and provides sophisticated tools and templates to help athletes and organizations raise funds through their personal and social media networks. CNBC called RallyMe the “Gold medal standard” for athlete crowdfunding. Learn more at http://rallyme.com.

Media Contact:
Jim Dahline
SportsEngine, Director of Communications
press@sportsengine.com

Whitney Childers
RallyMe, Director of Operations
support@rallyme.com

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