FundWok Reverse Crowdfunding Site Launches

FundWokDecember 4, 2014 – FundWok has announced the official launch of their exciting new platform that uniquely infuses crowdfunding with the premise of online social community. After two months of private beta testing, FundWok is now available to the public.

The platform is uniquely different from traditional crowdfunding websites in a few ways. FundWok gives funders the ability to choose how much money they want to contribute while letting them choose which conditions they’d like to set, all without any commitments. FundWok serves as a meeting place for exciting ideas and initiatives where established professionals or individuals can make a difference however they would like. Essentially, anyone can fund any project they are interested in.

Unlike other crowdfunding websites, FundWok doesn’t just allow funding for creative projects. Instead, funders can pledge donations for initiatives, ideas, and goals. Another big difference between FundWok and traditional crowdfunding websites is that FundWok doesn’t require a lengthy marketing script to describe their project. Users can simply start searching for the funds that are already being offered through the platform.

Whether someone wants to start a fund for marketing a business, buying someone flowers, or adopting a pet, FundWok makes it simple for users to start a fund. Users can fund as little as $5 to as many projects or ideas as they would like. Once applicants have showed interest in the funds, funders and applicants can start communicating to get to know each other’s needs. Applicants have an opportunity to explain to the funder in 200 words or less why they want and need the funds. Then, the funder is able to select which applicant he or she would like to receive the funds.

FundWok’s team is excited to announce the launch of the new platform. Sonia Lin, Founder of FundWok recently said, “With FundWok, the sky’s the limit. There is no limits to how many projects can be funded. Any type of project can be funded. Companies and individuals can merge here to really make a difference.” Through the website’s social platform, funders and applicants can start and find the funds they need to make their dreams come true.

After two months of beta testing, the new platform is up and running. At this time, individuals and professionals can start and apply to funds. Further information about the new FundWok platform can be found online atwww.fundwok.com .

About FundWok

FundWok is an innovative online social community where resources are located and shared effectively. It serves as a hub for great ideas and initiatives that are encouraged and supported.

Contact

Scarlett Lee

(415)799-7368

info@fundwok.com 

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LENDING CLUB IPO QUIET PERIOD CONCLUDES

Renaud Laplanche, Carrtie DolanOn January 5, 2015, the 25-day quiet period concluded regarding the Lending Club IPO, one of the leading marketplace lenders in the U.S. This means that those responsible for underwriting the securities may start publishing their analysis of the company starting today. The underwriters include many top banks, including Morgan Stanley, Goldman Sachs, Credit Suisse, Citigroup, BMO Capital and Wells Fargo.

The Lending Club offering was well received by the market, including a spike of approximately 65% over its initial offering price of $15, which was already at the high end of its expected share price. The stock has traded as high as $29.29, with an end-of-day closing high of $27.90. The stock opened today at $24.15, and any insight that can be gleaned from the underwriters is expected to have an impact on the stock.

Although Lending Club is one of the leading marketplace-lending platforms, its IPO and ensuing stock market growth provides validation to an area of alternative finance that many see as a niche industry. An online marketplace-lending intermediary such as Lending Club has many advantages over traditional banks. They are able to utilize technology in order to both reduce operational costs and inefficiencies as well as more proficiently connect the supply and demand of the lending market through automated processes.

The firm originally operated exclusively in the peer-to-peer lending space, but has subsequently expanded to include small businesses as the recipient of loans funded through marketplace lending. The market for these loans continues to grow, especially as borrowers are unable to secure loans from banks, which have a limited ability to lend under increased regulatory restrictions. In its SEC filings, Lending Club reported that since its inception in 2007, it has origination in excess of $6 billion in loans, with $1.2 billion of this in the third quarter of 2014.

With the success of Lending Club’s IPO represented by the market’s positive response to the company, marketplace lending has taken another step forward to become a more established, viable form of alternative finance lending. Lending Club is not alone in this industry, with many, well-known marketplace-lending competitors also seeing an increasing numbers of borrowers. This coupled with investor enthusiasm showing few signs of abating, this new, technologically-adept form of linking borrowers and investors with attractive rates appears to have well-positioned itself to see an increased position in the debt markets.

SEC’s Sunshine Act Meeting

Seal of the U.S. Securities and Exchange Commi...
Seal of the U.S. Securities and Exchange Commission. (Photo credit: Wikipedia)

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Sunshine Act Meeting.

Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Pub. L. 94-409, that the Securities and Exchange Commission will hold an Open Meeting on Wednesday, October 23, 2013 at 10:00 a.m., in the Auditorium, Room L-002.

The subject matter of the Open Meeting will be:

  • The Commission will consider whether to propose rules and forms related to the offer and sale of securities through crowdfunding pursuant to Section 4(a)(6) of the Securities Act of 1933, as mandated by Title III of the Jumpstart Our Business Startups Act.

The duty officer has determined that no earlier notice was possible.

At times, changes in Commission priorities require alterations in the scheduling of meeting items.

For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact:

The Office of the Secretary at (202) 551-5400.

Elizabeth M. Murphy
Secretary

Dated: October 21, 2013

 

http://www.sec.gov/news/openmeetings/2013/ssamtg102313.htm

 

 

CrowdPad.co’s Release Postponed – Developers Warn Real Estate Crowfunding Investors

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English: A frame from a screencast from the US...
English: A frame from a screencast from the US House Financial Committee full committee hearing “An Examination of the Extraordinary Efforts by the Federal Reserve Bank to Provide Liquidity in the Current Financial Crisis which took place Tuesday, February 10, 2009, 1:00pm, 2128 Rayburn House Office Building. The frame shows Chairmen Ben Bernanke responding to a question posited by John E. Sweeney Full Committee (Photo credit: Wikipedia)

We’ve decided to hold of the launch of this real estate crowdfunding platform due to inherent legal difficulties and risks involved in crowdfunding real estate. We will revisit this later after the SEC rulings roll out and the kinks are worked out on existing sites; however, we see significant investment risk and an unacceptable (to us) litigation risk in all existing real estate crowdfunding platforms, at least a great deal more than we are willing to expose our client’s investment capital to. We will launch The Aria Group’s investment portal for accredited investors next week. It is unknown at this time if we will release the crowdfunding portal of non-accredited investors. We wish to err to the side of caution and not run into the already crowded space with anything less than our ability to offer investors a fully secure, predictable and litigation proof investment vehicle. Although recent market indicators predict a rebounding market yesterday’s meeting of The Federal Reserve’s Open Market Committee posed some significant unanswered questions that we at CrowdPad would like to see resolved which won’t happen until sometime after Fed Chairman Bernanke‘s successor takes the reins at the end of January 2014. We feel that the loss of traction by waiting until February will be far outweighed by our ability to continue to monitor existing real estate crowdfunding platform performance following the SEC’s release of the new regulations for several months and also allowing for the transition to Bernake’s successor and the release and analysis of the upcoming holiday shopping indicators.

We will instead opening our closed investment portal for accredited investors only within the next few weeks on our parent corp’s website at The Aria Group. We take the integrity and security of our client’s investments very seriously and simply do not wish to get caught up in the current frenzy to rush to market an investment platform which we see as having a higher than acceptable risk factor for our clients.ARIALogoSpec1

Direct Public Offerings & Crowdfunding

A photo of the Bulgarian First Investment Bank...
A photo of the Bulgarian First Investment Bank from Sofia, 2006. (Photo credit: Wikipedia)

Obviously this is not our standard review style post, we believe that in order to keep ahead of the crowdfunding trend we must devote a section of our site to Direct Public Offerings (DPOs). Going forward we will be researching and reaching out to firms that provide services allowing small companies to raise capital form the public without the expense of a Wall St. investment bank.
Over the last 25 years Direct Public Offerings have ebbed and flowed in both quantity of offerings and success with which those offerings have been received. Our belief is that with the growth of social media, crowdfunding coming mainstream and the passing of the JOBs Act, Direct Public Offerings will finally get the recognition they deserve as a cost effective and democratic means of raising capital for small business.
Over the next few weeks we will be providing reviews of various DPO service providers. The combination of Direct Public Offerings and crowdfunding will in our opinion eventually be the “winner” from the JOBs Act by combining the established secondary markets with the cost effective benefits of an equity crowdfunding style platform hosted directly on the issuing companies website.

 

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Crowdnetic Acquires NowStreet Journal and Strengthens its Management Team with Key Hire

Industry Pioneers Unite to Construct the Infrastructure Necessary to Support the Rapid Growth of Crowdfinance

NEW YORK–(BUSINESS WIRE)–Crowdnetic, the leading provider of funding portal platform technology and market data solutions, announced today that it has agreed to acquire NowStreet Journal, the preeminent educational platform for the burgeoning industry of crowdfinance.

Crowdfinance, perceived by many as the next frontier in financial services, has been increasingly popularizing emerging asset classes such as peer-to-peer (“P2P”) lending and securities-based crowdfunding. These promising assets democratize the flow of capital by giving America’s smaller investors and businesses newfound opportunities to prosper in a financial system that tends to favor large corporate entities and institutional buyers.

While financial terms of the agreement were not disclosed, upon completion of the acquisition, NowStreet’s Founder, Dara Albright, will join Crowdnetic’s management team as its Chief Strategy Officer. In her new role, Albright will drive the expansion of Crowdnetic’s existing product portfolio as well as work with the team to launch a new line of products specifically designed to help conventional financial service providers increase assets under management, widen margins and add new revenue streams.

“It is an honor for me to join the Crowdnetic team and to have the opportunity to work alongside the very individuals who helped build the infrastructure in the 1990’s that allowed financial services to go online in the first place. Since starting NowStreet a few years ago, it has been my personal mission to help ignite the resurgence of the small cap underwriters who, throughout history, have consistently fostered economic growth by bringing some of the world’s most promising innovations to the investing public. With Crowdnetic’s technology and expertise, I finally have the chance to see this goal to its fruition,” said Albright.

Commenting on the acquisition, Luan Cox, Crowdnetic’s CEO, said, “Dara is a true visionary who, through NowStreet, has brought a great deal of Wall Street awareness to the nascent industry of crowdfinance. This union will not only bring a recognized media brand under the Crowdnetic umbrella, but it will also enable us to broaden our product suite, expand our sales reach and significantly increase both revenue and shareholder value.”

ABOUT CROWDNETIC
Crowdnetic is a leading provider of funding portal platform technology and market data solutions to the private equity and crowdfunded securities industry. We operate the industry’s premier centralized hub for real-time market data aggregated from platforms across the globe. Founded in 2011 by experienced financial technology and data industry experts, Crowdnetic is committed to creating a productive and sustainable marketplace for web-based private raises. Bringing over 15 years of experience in building complex, data intensive customized solutions, the leadership team has been instrumental in revolutionizing the equities industry through developing market data and analytics solutions. We are now bringing our expertise to the increasingly intricate crowdfunding space. Additional information can be found at www.crowdnetic.com.

ABOUT NOWSTREET
Symbolizing the Wall Street of tomorrow, NowStreet is a leading financial media and advisory company on the forefront of financial innovation. NowStreet is most known for its cutting-edge commentary and acclaimed financial events that introduce crowdfinancing mechanisms and neoteric asset classes to Wall Street. Some of the most prominent figures in the financial industry as well as the legislature have participated in NowStreet events. Our programs help issuers, investors as well as conventional financial service providers capitalize during this unprecedented period of financial industry disruption and regulatory reform. Additional information can be found at www.nowstreetjournal.com.

 

You’ve Got Funds – Crowdfunding For Startups

Friends (The Beach Boys album)
Friends (The Beach Boys album) (Photo credit: Wikipedia)

 

Here’s information on a new crowdfunding site for startups at www.youvegotfunds.com

 

 

 

At YouveGotFunds, our website connects your new ideas with the world and our business development experts. Not only do we help you get funding, we help you execute your business plan and advise you how to optimize your success.
Need a business license or info on domain names? We can take care of that. Want to file a patent to protect your design? Our network of professionals can help you with the process. We can assist you with a To Do list, estimate your financial costs and provide you a roadmap for marketing. If you need a logo or a website, we have expert designers that can bring your presence to the web and optimize its’ visibility.
YouveGotFunds is dedicated to funding your next big idea. Whether it’s a new business, film, CD, art project, invention, personal cause or technology, we believe in your creativity. We help you gain exposure to a wider audience, find funding and market your concept to transform your dream into reality.
It use to be that when you needed money, you had to go ask the bank for a loan, max out your credit cards or beg your friends or relatives. In today’s world, luckily there are other options. Did you know that Nanolight, the creator of the world’s most efficient light bulb asked for $20,000 to complete their product development? Not only did they reinvent the light bulb, but they found an audience that believed so strongly in their product that they have raised over $135,000 with a month left in their campaign!
With our extensive business background, we have developed multiple start-up companies, derived from an initial concept to numerous successful and productive operations. With a combined 50+ years in business, we can help you raise capital and connect with resources.
We have experience not only, in sales, marketing, and web-based businesses, but our contacts also include legal, accounting, human resources, web design and manufacturing just to name a few. Our team is comprised of all ages and experience. When you join our fund connection, you have access to all these specialties and at discounted rates. We’ve been there: From a brick and mortar retail outlet to an internet company, or a self-publisher, photographer or a Human Resources Generalist. We’ve got you covered. Want to join our network? Click Here.
With Crowdfunding, you have the opportunity to share your vision to the whole world over the internet. ThroughYouveGotFunds.com and our links to Facebook, Twitter, Linked In, Instagram & My Space, you can tell the universe about your projects and plans. You will find people excited and willing to help you because they believe in your idea or cause.
Although this type of funding has been around for decades, it has only recently become a popular and desirable option. Entrepreneurs, artists, college students, senior citizens and more are finding this a powerful tool to validate their ideas, gain worldwide exposure, and raise capital. Ever heard of the Elevation Dock for iphones? Well, if you haven’t, you will soon. It is a newly designed docking station that can be used with or without phone cases. Initially, they had a goal of $75,000. They surpassed their target and raised almost $1.5 million from iphone users that saw an important need.
Even the Beach Boys have turned to Crowdsourcing to find people interested in participating in the making of their new concert tribute film. Finally, remember, Karen the elderly Bus Monitor that was verbally harassed by a bunch of students while trying to keep kids safe on the way to school? A proposal to raise $5,000 for a well needed vacation was suggested and an amazing $700,000 was raised. Now, Karen will most likely be enjoying her retirement.
YouveGotFunds is just as interested in your success as you are, and we will help you reach your goal as quickly as possible. While the completion of your project may often take longer, our recommendations for a fundraising campaign are 30, 45 or 60 days as we have found these are the optimal choices to complete a successful campaign.
Unlike some of the other funding sites, like Kickstarter, our fees are not based on the success of your fundraising. Nor, like Indiegogo are they based on the type of campaign that you choose. YouveGotFunds is positioned to showcase your cause or project and give you more exposure than some of the other sites.
Allow us to help you gain public exposure and funding for your success. Besides you own friends and neighborhood, wouldn’t it be exciting if someone in England or Bangladesh loved your idea and believed in your cause. At YouveGotFunds, we believe in coloring outside the lines and thinking outside the box. If you can dream it, we can support you in making it a reality.