On May 3, 2011, I participated in the panel discussion
titled "Creative Alternative Financing - Crowdfunding & Crowdsourcing" at
the 2011 MBE Annual Meeting organized by New York & New Jersey Minority
Supplier Development Council. I was honored that my co-panelists were David
Crowdfunding is a method of raising funds for a business
venture or a project by requesting a small amount of money from a large number
of people (typically through the Internet). An average amount of money raised
is between $2,000 and $10,000.
Crowdfunding is not a new phenomenon. We have seen it...
Crowdfunding is just one of many ways of financing a
business venture or a project. Like all other methods, crowdfunding has its
advantages and disadvantages. Below I discuss some pros and cons of raising
money through a donation-based crowdfunding platform.
In my opinion, the main and unique...
In this post, I would like to summarize the information I
posted previously about crowdfunding and discuss the kind of company or
individual that would benefit the most from this type of financing. In the
donor-based model of crowdfunding, it would be a person or a team with a
creative novel idea, something...
Some beer lovers who were fans of Pabst Blue Ribbon heard
that its parent company, the Pabst Brewing Co., was up for sale. The previous
owner had died, leaving it to a charitable trust. Charities couldn't hold on to
the asset so they had to sell it.
The beer lovers were a few hundred million...
On June 8, 2011, the SEC entered a cease and desist order
against two individuals, Michael Migliozzi II and Brian William Flatow, who
launched a crowdfunding campaign at their website BuyaBeerCompany.com to raise
$300 million to buy Pabst Brewing Company. Migliozzi and Flatow solicitated