Crowdfunding Capital in the Age of Blockchain-Based Tokens
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The Startup and Venture Capital Trends Report
//////////////////////////////////////////////////////////// STARTUP AND VENTURE CAPITAL TRENDS AT THE UNIVERSITY OF CALIFORNIA, BERKELEY THE INAUGURAL REPORT ON UC BERKELEY’S STARTUP ECOSYSTEM PREPARED BY: PUBLISHED AUGUST 2018 TABLE OF CONTENTS //////////////////////////////////////////////////////////////////////////////////////////////// PART ONE INTRODUCTION 3 About The Report 4 Data, Methodology and Key Definitions 5 Ecosystem Overview ABOUT STARTUP@BERKELEYLAW PART TWO ECOSYSTEM TRENDS Startup@BerkeleyLaw is an initiative of the Berkeley Center for Law and Business (BCLB) in collaboration with the Berkeley 8 Key Sector Trends Center for Law and Technology. BCLB is Berkeley Law’s hub for rigorous, relevant, and empirically-based research, 10 Venture Capital education, and programming on the interrelationships of the 11 Small Business Innovation Research law and business. Areas of focus include venture capital and entrepreneurship, corporate social responsibility, capital (SBIR) Grants markets, and mergers and acquisitions. 13 Demographic Trends Startup@BerkeleyLaw serves as UC Berkeley’s primary platform for training entrepreneurs, investors, and students on the legal, financial, and operational issues confronting PART THREE CONCLUSION early stage companies. Current undergraduate and graduate students, post docs, staff, faculty, and alumni from across 15 Closing Remarks UC Berkeley attend training workshops and lectures aimed to 16 Contributors enable them to be successful entrepreneurs from the very start of their endeavors. ABOUT -
Meet the Husband-And-Wife Team That Run Angelpad, the Exclusive Startup Accelerator Whose Early Bet on Postmates Just Led to a $2.65 Billion Uber Acquisition
Meet the husband-and-wife team that run AngelPad, the exclusive startup accelerator whose early bet on Postmates just led to a $2.65 billion Uber acquisition Troy Wolverton Jul 21, 2020, 3:27 PM AngelPad was one of the earliest accelerators — companies that help founders get their startups up and running — and is still going strong a decade later. Although it's less well known than some of its peers, AngelPad has had repeated successes and just scored a big hit when Postmates, one of its earliest startups, agreed earlier this month to be acquired by Uber for $2.7 billion. Unlike other accelerators, AngelPad has largely stayed true to the original vision of its founders, Carine Magescas and Thomas Korte; they still run its programs and mentor its startups. Magescas and Korte still enjoy working with founders and helping build solid companies. When Gautam Narang and his cofounders were launching Gatik three years ago, they knew they wanted to jumpstart their autonomous vehicle startup by going through an accelerator program. They also knew just which one they wanted to join — AngelPad. Accelerator programs oer aspiring founders a way to turn their ideas into nascent businesses. Although there are many of them now, AngelPad was among the rst. And unlike some of its more well- known peers, such as 500 Startups and Y Combinator, AngelPad has stayed close to its roots and largely under the radar. It's still run by the same two people, and it still only accepts a small group of companies into each of its accelerator groups. -
Map of Funding Sources for EU XR Technologies
This project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement N° 825545. XR4ALL (Grant Agreement 825545) “eXtended Reality for All” Coordination and Support Action D5.1: Map of funding sources for XR technologies Issued by: LucidWeb Issue date: 30/08/2019 Due date: 31/08/2019 Work Package Leader: Europe Unlimited Start date of project: 01 December 2018 Duration: 30 months Document History Version Date Changes 0.1 05/08/2019 First draft 0.2 26/08/2019 First version submitted for partners review 1.0 30/08/2019 Final version incorporating partners input Dissemination Level PU Public Restricted to other programme participants (including the EC PP Services) Restricted to a group specified by the consortium (including the EC RE Services) CO Confidential, only for members of the consortium (including the EC) This project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement N° 825545. Main authors Name Organisation Leen Segers, Diana del Olmo LCWB Quality reviewers Name Organisation Youssef Sabbah, Tanja Baltus EUN Jacques Verly, Alain Gallez I3D LEGAL NOTICE The information and views set out in this report are those of the authors and do not necessarily reflect the official opinion of the European Union. Neither the European Union institutions and bodies nor any person acting on their behalf may be held responsible for the use which may be made of the information contained therein. © XR4ALL Consortium, 2019 Reproduction is authorised provided the source is acknowledged. D5.1 Map of funding sources for XR technologies - 30/08/2019 Page 1 Table of Contents INTRODUCTION ................................................................................................................ -
The SAFE, the KISS, and the Note: a Survey of Startup Seed Financing Contracts
Essay The SAFE, the KISS, and the Note: A Survey of Startup Seed Financing Contracts John F. Coyle† & Joseph M. Green†† INTRODUCTION Over the past decade, there has been an explosion in seed financing for early-stage technology startups.1 Increasingly, this seed financing is channeled to these companies via an entirely new form of investment contract—the deferred equity agree- ment.2 One version of this agreement—the Simple Agreement for Future Equity (SAFE)—made its debut in 2013. Another ver- sion—the Keep It Simple Security (KISS)—first appeared in 2014. While these instruments have attracted extensive atten- tion in the startup blogosphere, there exists remarkably little in- formation about the role they play in the real world.3 Nobody seems to know, for example, precisely who is using these new contracts. It is likewise unclear where exactly these agreements † Reef C. Ivey II Term Professor of Law, University of North Carolina at Chapel Hill. Copyright © John F. Coyle. †† Senior Legal Editor (Startups & Venture Capital), Thomson Reuters Practical Law. Thanks to Darian Ibrahim, Elizabeth Pollman, participants at the 2018 BYU Winter Deals Conference, and participants at the ABA Business Law Section 2018 Annual Meeting for their comments on an earlier draft of this Essay. Copyright © Joseph M. Green. 1. A seed financing is the initial round of capital raised by a startup com- pany, which typically uses those funds to begin the development of a prototype or alpha version of a product as it works to demonstrate proof of concept. 2. For a useful survey of the wide variety of instruments through which capital is funneled to startups, see Brad Bernthal, The Evolution of Entrepre- neurial Finance: A New Typology, 2018 BYU L. -
An Empirical Investigation of Volatility Dynamics in the Cryptocurrency Market
This is a repository copy of An empirical investigation of volatility dynamics in the cryptocurrency market. White Rose Research Online URL for this paper: http://eprints.whiterose.ac.uk/147457/ Version: Accepted Version Article: Katsiampa, P. orcid.org/0000-0003-0477-6503 (2019) An empirical investigation of volatility dynamics in the cryptocurrency market. Research in International Business and Finance. ISSN 0275-5319 https://doi.org/10.1016/j.ribaf.2019.06.004 Article available under the terms of the CC-BY-NC-ND licence (https://creativecommons.org/licenses/by-nc-nd/4.0/). Reuse This article is distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs (CC BY-NC-ND) licence. This licence only allows you to download this work and share it with others as long as you credit the authors, but you can’t change the article in any way or use it commercially. More information and the full terms of the licence here: https://creativecommons.org/licenses/ Takedown If you consider content in White Rose Research Online to be in breach of UK law, please notify us by emailing [email protected] including the URL of the record and the reason for the withdrawal request. [email protected] https://eprints.whiterose.ac.uk/ An empirical investigation of volatility dynamics in the cryptocurrency market Abstract: By employing an asymmetric Diagonal BEKK model, this paper examines volatility dynamics of five major cryptocurrencies, namely Bitcoin, Ether, Ripple, Litecoin, and Stellar Lumen. It is shown that the conditional variances of all the five cryptocurrencies are significantly affected by both previous squared errors and past conditional volatility. -
UC Berkeley Other Recent Work
UC Berkeley Other Recent Work Title From Research to Market:What the EU can learn from the USA? Permalink https://escholarship.org/uc/item/7zp5b130 Author Novikova, Jekaterina Publication Date 2019-06-12 eScholarship.org Powered by the California Digital Library University of California From Research to Market: 30/06/2019 What the EU can learn from the USA? Jekaterina Novikova EU FELLOW AT THE INSTUTUTE OF EUROPEAN STUDIES AT UC BERKELEY EU POLICY COORDINATOR AT THE EUROPEAN INNOVATION COUNCIL TASK FORCE Table of contents Executive Summary....................................................................................3 Introduction.................................................................................................4 1. From University Lab to Market..............................................................6 1.1. From Idea to Invention Disclosure...................................................7 1.2. To Patent or Not to Patent...............................................................8 1.3. Who and When is Bringing the Technology to Market?.................10 1.4. The Assessment of Technological Potential and Company Viability 13 1.5. Lab-to-market Example: Neuroracer’s Video Game.......................16 2. Governmental Measures Facilitating the Transition of Research Results to Market...................................................................................................17 2.1. Fellowship to Support Entrepreneurial Scientists (example of Cyclotron Road)......................................................................................18 -
The Economics of Crowdfunding : Entrepreneurs’ and Platforms’ Strategies Jordana Viotto Da Cruz
The Economics of Crowdfunding : Entrepreneurs’ and Platforms’ Strategies Jordana Viotto da Cruz To cite this version: Jordana Viotto da Cruz. The Economics of Crowdfunding : Entrepreneurs’ and Platforms’ Strategies. Sociology. Université Sorbonne Paris Cité, 2017. English. NNT : 2017USPCD030. tel-01899518 HAL Id: tel-01899518 https://tel.archives-ouvertes.fr/tel-01899518 Submitted on 19 Oct 2018 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. |_|_|_|_|_|_|_|_|_|_| UNIVERSITE PARIS 13 U.F.R. DE SCIENCES ÉCONOMIQUES ÉCOLE DOCTORALE : ERASME NO 493 THÈSE Pour obtention du grade de Docteur de l’Université Paris 13 Discipline : Sciences Économiques Présentée et soutenue publiquement par Jordana VIOTTO DA CRUZ Le 13 novembre 2017 « The Economics of Crowdfunding: Entrepreneurs’ and Platforms’ Strategies » Directeurs de thèse Marc BOURREAU, Télécom ParisTech François MOREAU, Université Paris 13 Jury Thierry PÉNARD, Professeur, Université Rennes 1 Président Paul BELLEFLAMME, Professeur, Aix-Marseille Université Rapporteur Jörg CLAUSSEN, Professeur, Ludwig-Maximilians-Universität München Rapporteur Françoise BENHAMOU, Professeur, Université Paris 13 Examinateur Marc BOURREAU, Professeur, Télécom ParisTech Directeur de thèse François MOREAU, Professeur, Université Paris 13 Directeur de thèse UNIVERSITÉ PARIS 13 U.F.R. -
In Re Bitconnect Securities Litigation 18-CV-80086-Third Amended Class Action Complaint
Case 9:18-cv-80086-DMM Document 48 Entered on FLSD Docket 07/03/2018 Page 1 of 64 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA WEST PALM BEACH DIVISION IN RE BITCONNECT SECURITIES LITIGATION Lead Case No.: 9:18-cv-80086-DMM CLASS ACTION JURY TRIAL DEMANDED THIRD AMENDED CLASS ACTION COMPLAINT Respectfully submitted, SILVER MILLER LEVI & KORSINSKY, LLP 11780 W. Sample Road EDUARD KORSINSKY Coral Springs, Florida 33065 E-mail: [email protected] Telephone: (954) 516-6000 30 Broad Street, 24th Floor DAVID C. SILVER New York, New York 10004 Florida Bar No. 572764 Telephone: (212) 363-7500 E-mail: [email protected] Facsimile: (212) 636-7171 JASON S. MILLER Florida Bar No. 072206 DONALD J. ENRIGHT E-mail: [email protected] E-mail: [email protected] ELIZABETH K. TRIPODI E-mail: [email protected] JOHN A. CARRIEL E-mail: [email protected] LEVI & KORSINSKY, LLP 1101 30th Street, N.W., Suite 115 Washington, DC 20007 Telephone: (202) 524-4290 Facsimile: (202) 333-2121 Co-Lead Counsel for Plaintiffs Case 9:18-cv-80086-DMM Document 48 Entered on FLSD Docket 07/03/2018 Page 2 of 64 Lead Case No.: 9:18-cv-80086-DMM TABLE OF CONTENTS Page NATURE OF THE ACTION ..........................................................................................................1 JURISDICTION AND VENUE ......................................................................................................8 PARTIES AND RELEVANT NON-PARTIES ..............................................................................8 I. PLAINTIFFS ...........................................................................................................8 -
A Survey on Volatility Fluctuations in the Decentralized Cryptocurrency Financial Assets
Journal of Risk and Financial Management Review A Survey on Volatility Fluctuations in the Decentralized Cryptocurrency Financial Assets Nikolaos A. Kyriazis Department of Economics, University of Thessaly, 38333 Volos, Greece; [email protected] Abstract: This study is an integrated survey of GARCH methodologies applications on 67 empirical papers that focus on cryptocurrencies. More sophisticated GARCH models are found to better explain the fluctuations in the volatility of cryptocurrencies. The main characteristics and the optimal approaches for modeling returns and volatility of cryptocurrencies are under scrutiny. Moreover, emphasis is placed on interconnectedness and hedging and/or diversifying abilities, measurement of profit-making and risk, efficiency and herding behavior. This leads to fruitful results and sheds light on a broad spectrum of aspects. In-depth analysis is provided of the speculative character of digital currencies and the possibility of improvement of the risk–return trade-off in investors’ portfolios. Overall, it is found that the inclusion of Bitcoin in portfolios with conventional assets could significantly improve the risk–return trade-off of investors’ decisions. Results on whether Bitcoin resembles gold are split. The same is true about whether Bitcoins volatility presents larger reactions to positive or negative shocks. Cryptocurrency markets are found not to be efficient. This study provides a roadmap for researchers and investors as well as authorities. Keywords: decentralized cryptocurrency; Bitcoin; survey; volatility modelling Citation: Kyriazis, Nikolaos A. 2021. A Survey on Volatility Fluctuations in the Decentralized Cryptocurrency Financial Assets. Journal of Risk and 1. Introduction Financial Management 14: 293. The continuing evolution of cryptocurrency markets and exchanges during the last few https://doi.org/10.3390/jrfm years has aroused sparkling interest amid academic researchers, monetary policymakers, 14070293 regulators, investors and the financial press. -
Crowdfunding, Crowdsourcing and Digital Fundraising
Fundraising for Archives Crowdsourcing, Crowdfunding and Online Fundraising Crowdfunding, Crowdsourcing & Digital Fundraising Aim of Today This session will help to demystify the landscape surrounding crowdsourcing, crowdfunding, and online fundraising providing you with information and tools essential when considering these different platforms. Plan for today • Understand the digital fundraising techniques • Evaluate what components are required for an online campaign to be successful • What does a good online case for support look like • Reflect on examples of good practice • Build a crowdfunder plan 4 5 Apples…….oranges……or pears? Digital isn’t complicated – change is! 7 DO YOU HAVE THE RIGHT TOOLS FOR THE JOB TO NAVIGATE THE MAZE 8 Your Crowd… • Internal Stakeholders • External Stakeholders Databases: Which one do you choose? Microsoft Dynamics 10 Who’s Online ONS 2015 ONLINE DONATION METHOD Blackbaud 2014 12 DO YOU HAVE THE RIGHT TOOLS FOR THE JOB TO NAVIGATE THE MAZE • Email • Website / online platform • Social Media • CRM System / Database • Any others…… You need to be able to engage with your online audience on multiple platforms! 13 Email "Correo." by Itzel402 - Own work. Licensed under CC BY-SA 3.0 via Wikimedia Commons - 14 https://commons.wikimedia.org/wiki/File:Correo..jpg#/media/File:Correo..jpg http://uk.pcmag.com/e-mail-products/3708/guide/the-best-email-marketing-services-of-2015 15 Social Media 16 Social Media Channel Quick Guide •Facebook - Needs little explanation. Growing a little older in terms of demographics. Visual and video content working well. Tends to get higher engagement than Twitter. •Twitter - The other main channel. Especially useful for networking and news distribution. -
Innovative Financing of Creative Projects on the Kickstarter Platform: Ukrainian and Polish Experience
E3S Web of Conferences 166, 13019 (2020) https://doi.org/10.1051/e3sconf/202016613019 ICSF 2020 Innovative financing of creative projects on the Kickstarter platform: Ukrainian and Polish experience Iuliia Gernego1,*, Liudmyla Petrenko2, Mykhailo Dyba1, and Vitalii Tsarov2 1Kyiv National Economic University named after Vadym Hetman, Corporate Finance and Controlling Department, 54/1 Peremohy Ave., Kyiv, 03057, Ukraine 2Kyiv National Economic University named after Vadym Hetman, Business Economics and Entrepreneurship Department, 54/1 Peremohy Ave., Kyiv, 03057, Ukraine Abstract. In the era of digital economy, the crowdfunding platforms provide the background to mitigate cross-country differences within project financing. In particular, creative projects are important as a vital driver in maintaining business and social sector competitive. Thereby, research problem lays upon the potential of providing crowdfunding support to overcome the creative project divide in different countries. The paper aims to provide scientific support on creative projects innovative financing in Ukraine and Poland within Kickstarter. The research methodology is based on Kickstarter data (10 years; 83 industries and 898 projects) processed by statistical analysis. The Concentration Ratio (CR) was modified to measure the concentration of efforts, considering the largest creative industries within Kickstarter platform. The results section represents high rates of concentration of efforts for Ukrainian creative projects that commercialize tangible physical goods: Product Design and Gadgets. At the same time, in Poland the main concentration of efforts is in the field of intangible intellectual products: Tabletop Games and Video Games. Thus, digital platform is a reflection of interrelations between intangible and tangible values in economies. The study results can be used within national programs of creative innovative projects financial support. -
Ten Things You Need to Know Before Engaging in Accredited Crowdfunding
BOSTON CONNECTICUT NEW JERSEY NEW YORK WASHINGTON, DC www.daypitney.com Ten Things You Need to Know Before Engaging in Accredited Crowdfunding By Eliza Sporn Fromberg and Norbert Mehl It has been over a year since the Securities and Exchange Commission (SEC) permitted securities issuers to market their capital raises using general solicitation and general advertising while still qualifying for an exemption from public registration. During this time, hundreds of online crowdfunding platforms have launched – seemingly overnight – offering investment opportunities in private companies. For a company seeking to raise capital, these “accredited crowdfunding”1 platforms offer the tantalizing possibility of raising funds with the click of a button. As this new industry grows and develops, it’s conceivable certain accredited crowdfunding platforms may become as ubiquitous as traditional broker-dealers. But in this nascent industry, how should a company seeking to raise capital for a new or existing venture go about selecting the most suitable crowdfunding solution? The following are 10 things you should know before engaging in accredited crowdfunding. 1. Who is eligible to raise funds through accredited crowdfunding? In the United States, securities offerings made pursuant to Rule 506 of Regulation D under the Securities Act of 1933 are not deemed “public” offerings under the securities laws and are therefore exempt from public registration with the SEC. With one exception, any company can make this type of “private” offering of its securities – and raise an unlimited amount of money from accredited investors – using general solicitation and general advertising, either on its own or using an intermediary such as an accredited crowdfunding platform.