The promise of small nonaccredited investors to fund their favorite community businesses moved closer this October toward leveling the playing field for upcoming entrepreneurs and growing small businesses. The SEC’s newest ruling establishes a clear trajectory toward democratizing investment in America.
Category: SOCIAL CAPITAL
Finding funding for developing projects no longer belongs only to banks or traditional investors. Nowadays, many people turn to those closest to them to help fund passion projects—their social networks. During 2012, the total amount invested through crowdfunding neared $3 billion globally, with the expectation it will surpass $5 billion in 2013. As crowdfunding has solidified its place in business as a reliable source of capital, one sector that has benefited immensely from this platform is clean energy.
It’s imperative for kids to grow up seeing nuanced and inspiring role models – both male and female – in their media. The days of male characters taking action and being fully-formed, rounded protagonists, while female characters are relegated to the role of girlfriend, the princess to be rescued, or the token, generic “girl” among a group of individualized boys, should be well behind us, but unfortunately they’re not.
So you are looking for a little investment capital. Maybe you need some cash to add a solar powered juice press to your shop or more moolah for inventory to expand your handmade accessory store. But maybe your local bank has turned you down for a loan. If you have $100,000 in revenues and a [...]
Good Business New York team members attended the “How to Crowdfund Your Next Project” on February 5 at the fabulous WeWork space in Soho. The evening was presented by local event organizer Creative Village and featured a presentation by RocketHub founder Brian Meese.
Since we write so much about CrowdFunding at Good-b, we decided to try it ourselves. In February, we will be introducing our first CrowdFunding Campaign for our newest media initiative. We have been working on this initiative for months and now need funding to get it rolling. It is something we are really excited about that directly tells the story of small business. We know you will excited about it too! So tune in and we will keep you posted!
After years of experience and observation of over 10,000 funding campaigns, RocketHub has narrowed down the formula to find success with crowdfunding. These factors determine which projects achieve their goals (and which ones don’t). Those who press the funding button will make an emotional connection with how you talk about your project. RocketHub data shows funders may be moved by your passion, the project itself, or both, but somehow you made them feel they had to support you.
What if there was a bank that went beyond compliance to do “the right thing” even when no one was watching? What if that bank cared about the environment so much that it made loans to environmentally sustainable initiatives a priority? What is that bank was focused on building the local economy through supporting community jobs and socially responsible non-profits?
How do you bank on sustainable values for the long-term? In other words, is it truly possible to maintain a profitable bottom line and support environmental and community needs at the same time? That is the grand ambition of the Global Alliance for Banking on Values.
Imagine an American bank who put mission before profit. A bank that began its story to save the environment not ignore the environment. A bank that cares as much about the planet as it does about profit. Phew! A dream, a mirage, a hoax? Nope, The First Green Bank of Central Florida. The CEO and Founder Ken LaRoe made some big bucks selling his former regional bank to a bigger financial institution. Set to retire, he followed Albert Brooks model in “Lost in America” and traveled the U.S. in search of higher purpose.
At the UN Social Innovation Summit held at the end of May in New York City, a plenary panelist stated that social enterprises and social innovation are “really the same thing.” This conclusion was not questioned and appeared to be a point of view the conference leaders and speakers were eager to adopt.
Richard Branson proved to be a genuine highlight at the 2012 World Business Forum. Surprisingly conversational and reserved, Branson seemed a much more accessible version of his more public and impossibly prolific self. An unnatural amalgam of figures like Errol Flynn, Henry Ford, William Parry and Bobby Kennedy, Branson is an uncanny entrepreneur whose ability to innovate customer experiences and product delivery has positioned him among the historic elite of global business figures.