What’s Illegal About Crowd Funding?
February 22, 2012 by Dr. Letitia Wright
Filed under Crowd Funding, Featured Articles, Front Page
Image via Wikipedia
People say you can not do general solicitation.
If you are trying to sell securities by general solicitation, then you are doing something which
violates SEC rules.
SEC RULES
One of the conditions of Rule 506 is the ban on general solicitation. The ban on general solicitation is described in accompanying Rule 502 and provides:
Limitation on manner of offering. Except as provided in Rule 504(b)(1), neither the issuer nor any person acting on its behalf shall offer or sell the securities by any form of general solicitation or general advertising, including, but not limited to, the following:
Any advertisement, article, notice or other communication published in any newspaper, magazine, or similar media or broadcast over television or radio; and
Any seminar or meeting whose attendees have been invited by any general solicitation or general advertising;
Your Crowd funding can not be about offering shares of your business. Talk with your attorney on how
to structure it.
Crowd Funding a Dance TV Show
February 16, 2012 by Dr. Letitia Wright
Filed under Crowd Funding, Featured Articles, Front Page, Wright Ideas
film (Photo credit: seriykotik1970)
Thinking about Crowd Funding Ideas in Media?
Filmmaker, actress and entrepreneur Lucinda Chrisman is raising funds for a TV series she’s creating in Sacramento.
The show, “Around the World in 80 Dances,” will be a musical travelogue, taking its host (Chrisman) to various spots on the planet to check out native dancing and food. Chrisman has been raising funds to shoot the first episode of the show. Her goal was $4,000 and she made $6,470 so far.
Movies on a movie device
Vinod Bharathan is receiving accolades in short film making. One of his films was shot using the mobile phone camera. He crowd funding the movie for $4,814.64. It took them about 2 months. Vinod, who hails from Kochi and is settled in Copenhagen, is breaking new ground in short film making. His ‘Limbo’, all of three minutes, recently won the ‘best film shot using a mobile device’ award at the IndieFone Festival, U.S.A.
Zombie Run
You guys know by know I love a good zombie (movie, story, book, tv show, whatever) This game sounds really good to me. If you donated even just a dollar, you could have gotten your name in the game as a survivor! They raised over $70,000
Let’s talk about YOUR idea or business that needs money. Can crowd funding work for you? It does not cost anything for us to talk about it.
Give me a little information about what you are doing and let’s see if your project is something we can work on
Go Here: http://www.wrightplacetv.com/cfp
How FoodCycle eco café raised $7,942 in a Week
February 15, 2012 by Dr. Letitia Wright
Filed under Crowd Funding, Featured Articles, Front Page, Wright Ideas
FoodCycle is an Eco Cafe in London which uses food that
would have gone to a landfill to create a “pay what you can” lunch.
They are only open on Fridays.
This money will help them stay open for another year.
They used the Peoplefun.it platform.
They used Twitter and had some celebrities support it.
274 people backed this project.
They also used Facebook, Google+, Tumbler, and Linked in
This was a very short project. No doubt they were clear on
their audience and did a lot of pre-planning.
Thom from Channel 4’s Three Hungry Boys visited the café to show their support by
making a video.
Daniel Turi, the FoodCycle Café Co-ordinator, said: “It’s amazing how people came together through Twitter over just five days and raised enough money to keep the café going for another year.
“It shows the importance of the café in the community and we’re now really looking forward to doing more and more in the future.”
Ready to start your project? Give yourself the best chance of success with my coaching!
Call Dr. Wright at 909 626 3835 and let’s talk about your project and see if we can work together.
