Australian Small Scale Offerings Board

Australia’s ‘Small Scale Offerings’ legislation combined with our regulator ASIC's ‘Class Order’ or exemption to the rules regarding the promotion of these types of equity offers is, inarguably the first equity crowdfunding legislation in the world. Both the Small Scale Offerings legislation that was enshrined into our Commonwealth Corporations Act in 2000 and the ASIC Class Order [...]

Because reward crowdfunding came first most regulators are fashioning their equity crowdfunding legislation for unaccredited investors around the pathway and figures reward crowdfunding has trodden. They are two different animals though. 1) Reward crowdfunding is based on instant gratification (You get the DVD, watch, cooler etc as a reward) 2) Equity crowdfunding is based on [...]

Andrew Ward and Startup88 recently hosted a discussion on the recent CAMAC Australian report on Crowdfunding. Here are the closing summaries from Paul Niederer and John Kluver. The full discussion can be accessed here! My view is that the report was well researched and well written. However unless there are other changes in the early [...]

Crowd is a broad word and it can be your crowd (or tribe), someone else's crowd (their tribe) or an awaiting crowd in the big wide world. While many a crowdfunding raise yearns to leap into volumes of people that the offering has no contact with at the start of the raise, in reality, not [...]

So Auntie Madge has a bit of money. You have a brilliant idea that needs funding. Madge is not so savvy about startups but she loves your story, your enthusiasm (and you) and hands over her $10,000. supposedly for equity. Other than hope ... what does she get in return. And how do you feel? Over [...]

One of the effects of the U.S. leading the world in crowdfunding regulation advances is that its introduction is following the regulators step by step. Title II then Title III. Incumbent players like broker dealers, investment bankers and other vested interests get to have a go first. This brings in a focus on things like [...]

This post is inspired by a quote from Dr Richard Swart. He is a globally recognized authority on crowdfunding, equity crowdfunding and crowdfund investing. He directs the University of California, Berkeley research program studying crowdfunding and innovation. Recently he hosted an event where five years of statistics from the ASSOB equity crowdfunding platform were presented in the form [...]

Investor, analyst, Blog Radio host and senior industry executive Doug Atkin takes a look at how technology and crowdfunding are changing Wall Street. He travels the country to talk to key players in the sector, discovers new businesses based on this funding model, and is joined by some of the financial and tech industry's leading [...]

After 300 or so raises on the ASSOB Equity Crowdfunding platform it may be valuable to others to understand what processes are in place to prevent fraud. Since 2005 there have been zero cases of fraud. Firstly though what is Fraud? Usually any definitions of fraud include statements like ...   an untrue statement of [...]

Many a good innovation dies on the vine due to the lack of funds to make a prototype or take it to market. Crowdfunding is bridging this gap. The main idea with reward and equity crowdfunding is that the innovators and their helpers set up a fund raise as a new project on a crowdfunding [...]