By Jyothi Chillara, CPA, Senior Tax Manager
ASL Emerging Business Group
Crowdfunding is a method of raising financing for projects from the public via crowdfunding platforms and social media. Some of the most common crowdfunding platforms are Kickstarter, Indiegogo and GoFundMe. According to Investopedia, Kickstarter has raised over $2 billion since 2009.
Forbes predicts that crowdfunding eventually will surpass venture capital for investing. According to Business News Daily, ““Crowdfunding is here to stay. By 2025, the global crowdfunding market potential could be between $90 billion and $96 billion,” said Bill Clerico, co-founder and CEO of WePay, citing data from the World Bank.” (more…)
By Josh Cross, Senior Audit Manager
The landscape of nonprofits is changing and ironically it is looking a lot like the for-profit start-up world. These social entrepreneurs are using the same methods and ideas used by the most successful start-ups in the marketplace today and most of it is centered on harnessing the power of technology. (more…)
Silicon Valley continues to buzz as a hub for start-up capital around the world. I’ve lived here my whole life and it is amazing to me how much private capital is available and just waiting to be invested in the next Google, the next Amazon, and the next eBay. Recently, it seems capital is being made available through so many more channels than just the traditional “straight to IPO” pathway. It seems to me that the “IPO way” is becoming less and less attractive to founders and entrepreneurs. I’ve been thinking about whether the stock markets as we historically know them to operate will continue and, if so, for how long and in what capacity?…
Ever wonder how new words get added to the dictionary? I did when I came across a seminar on crowdfunding and thought (as some of you may be thinking as you read this), “Is that even a real word?” Turns out, it is and the meaning is quite literal, too. Crowdfunding involves raising small amounts of money from the general public through the internet and other mass media channels. So, why do we care about crowdfunding?…