Second INITIATE: Pacific Crowdfunding Summit held in Sydney

By Crowdfund Vibe Staff writers

Sydney hosted the INITIATE 2: Pacific Crowdfunding Summit on 8 September 2014.  Held in the historic State Library of NSW,  the event featured a veritable who’s who of leading Australian and global crowdfunding sites, including the founders of Pozible, ASSOB & StartSomeGood along with Anna Maguire, author of Crowdfund It. Jason Best, founder of Crowd Capital Advisers, gave an fascinating presentation via video link from San Francisco.

This was the second outing of the INITIATE formula following on from a successful first event last year in Wellington. Crowdfunding sites have been operating in Australia for a number of years. The diversity of its applications was one of the themes, in addition to the question of how to regulate equity funding in the country.

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Cheers all round: 1st equity crowdfunding campaign in New Zealand raises $700k

By Crowdfund Vibe staff writers

Renaissance Brewing Company has something to celebrate, apart from this weekend’s convincing win by the All Blacks over their fierce rugby rivals, the Australian Wallabies. On Saturday it successfully closed the first capital raising under New Zealand’s new equity crowdfunding laws after just 10 days.

The Marlborough craft brewery launched a campaign to raise NZD $600,000 on 13 August 2014, on the country’s new equity crowdfunding platform, Snowball Effect. Reflecting the strong interest in this new form of fundraising – and no doubt with the added attraction of some free product with its shares – Renaissance reached its initial goal on 21 August. The campaign closed yesterday when a total of 287 investors helped it achieve its funding cap of NZD $700,000.

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The Philippines: Crowdfunding to recover from Typhoon Haiyan

By Crowdfund Vibe staff writers

Typhoon Haiyan (Yolanda) devastated Southeast Asia in November of 2013. It was particularly destructive in the Philippines and catastrophic to the Visayan Islands, leaving thousands homeless. Some of the hardest hit  locations are remote where it is difficult to provide assistance. Governments and organizations like the International Red Cross have helped with money and resources, but more is still needed for the rebuilding effort. In today’s age of technology many people around the world wanted to help those affected by the typhoon; the internet and crowdfunding have been able to raise the necessary funds to do just that.

Large US-based international sites such as Crowdrise, GoFundMe and Indiegogo generated significant funds to help the victims of Typhoon Haiyan. These sites had scores of campaigns from around the world. GoFundMe eventually counted over 230 separate campaigns to help affected people. The not-for-profit crowdfunding platform Crowdrise, at one point featured a rotating carousel of Haiyan aid campaigns at the top of its front page. Two notable high profile efforts were the $65,000 raised by the rock band Linkin Park for their Music for Relief campaign, and the $1.7M that United Airlines raised.

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