Could Crowdfunding be the way to raise funds for Start-ups and growing businesses? | Wildfire Crowdfunding Your Start-up Business Raising money for a business can be really tough, especially since the big financial crash, it feels as if the lending by banks has come to an end for small businesses and new start-ups. Banks have become more strict as to who they will lend their money, making it hard to get a loan for a new start or to buy equipment for an existing business. If you are one of the lucky ones who get offered a loan, then you might find that the banks want security or the rates of interest they charge are well above what you can afford, even though the bank of England interest rates are at an historic low of 0. 5%. Where do people go to raise funds?If you already have savings of your own and can afford to invest the money into the business then this is usually the preferred option. Friends and FamilyIn most cases a new start-up ends up asking for financial help from a direct or extended family member or friends. Some Crowdfunding statistics to get you motivated:
Peer-to-peer renting Peer-to-peer renting refers to the process of an individual renting an owned good, service, or property to another individual. It is also referred to as Person-to-Person rental, P2P renting, Collaborative Consumption, the sharing economy and Product Service System. The term is mainly used to describe online enabled rental transactions between individuals. Individuals have been renting from each other for decades, particularly in the real estate domain, however, with the Internet acting as a facilitator, there is a growing trend of websites that offer to facilitate peer-to-peer rental transactions. The term Peer-to-peer renting is inspired from the computer networking term Peer-to-peer, which allows cumulative network bandwidth through direct and multiple connectivity between users. Peer-to-peer renting services and Platforms are usually online marketplaces connecting individuals and enabling rental transactions between them. See also[edit] Notes and references[edit] External links[edit]
Jeffrey Tucker: Bitcoin Makes The Dollar Look Like A Dinosaur How is crowdfunding changing culture? | Culture professionals network | Guardian Professional Crowdfunding has developed from a digital quirk to a powerful tool – this much we've talked about. But there is something even deeper going on with this new model, one that's less predictable than civic participation and far more disruptive. Kickstarter itself is changing under the influence of digital culture. At first it was about making established forms of art. The first million dollar project on Kickstarter was the Pebble watch. Is it possible that crowdfunding is telling us something rather profound – that the most important and popular form of creativity at this point in history is not 'useless' art, but digital invention? I think it is. When Kickstarter started out it decided not to prioritise (or curate) which creations were most important. This new communal instinct can do amazing things like route around the warping influence of capitalism and digital platform wars. Firstly, it is fostering the new 'maker' culture with projects like Stompy and Makey Makey.
Collaborative consumption A sharing economy takes a variety of forms, often leveraging information technology to empower individuals, corporations, non-profits and government with information that enables distribution, sharing and reuse of excess capacity in goods and services.[1] A common premise is that when information about goods is shared (typically via an online marketplace), the value of those goods may increase, for the business, for individuals, and for the community.[2] Collaborative consumption as a phenomenon is a class of economic arrangements in which participants share access to products or services, rather than having individual ownership.[3] The collaborative consumption model is used in marketplaces such as eBay, Craigslist, Tradepal and Krrb, emerging sectors such as social lending, peer-to-peer accommodation, peer-to-peer travel experiences, peer-to-peer task assignments or travel advising, car sharing or commute-bus sharing.[4] Scope[edit] Types of collaborative consumption[edit] History[edit]
AF Bitcoins | Bitcoins charts and analysis P2P Lending Publication date: October 2012 Report size: 77 pages Keywords : Loan, personal loan, personal loan rate, lending market, borrower, lending rate, Interest only loan Synopsis - This report analyses and defines the P2P lending mechanism globally - It discusses the advantages and disadvantages of P2P lending over banks and other financial institutions - This report includes detailed case studies of existing and inactive companies and examines the potential impact of P2P lending on financial services - It details the sector’s challenges, market operators, growth drivers and future outloo... Search ReportLinker The Largest Collection of Market Research Reports » 1.2 Million Industry Reports » 450,000 Company Profiles » 850,000 Market Briefings » 40,000 Country Guides From +200,000 authoritative sources Synopsis Summary The concept of P2P lending started in around 2005, but growth was initially very slow and it took time for people to understand the deliverables and advantages of social lending. Scope
Collaborative Consumption Gold in them bits: Inside the world’s most mysterious Bitcoin mining company This is the first in a two-part series exploring Butterfly Labs and its lineup of dedicated Bitcoin-mining hardware. In part one, we look at the company and the experiences customers have had with it. In part two, to be published on June 29, we share our experiences running a Bitcoin miner for a couple weeks. Spoiler alert: we made money. The more I dig into Bitcoin, the stranger it gets. There’s gray-market online gambling and Russian-operated futures markets—to say nothing of the virtual currency’s wild ride over the last several months. While reporting on a Bitcoin-based gambling story earlier this year, I interviewed Bryan Micon, who works with a Bitcoin-based poker site called Seals With Clubs. His latest target is Butterfly Labs (BFL), a US-based company that makes ASIC-based Bitcoin miners. New orders for the next-generation machines flooded in. BFL initially estimated a ship date of late November 2012, but the deadline passed and the ASIC machines didn't appear. The bet
CivilisedMoney: The Future Of Finance? / Money Watch November 3rd, 2011 1 Comment » | POSTED BY ROB A new website has launched which is promising to be a “game-changing alternative to conventional banking”. CivilisedMoney is the brainchild of Neil Crofts and Jason Scott, who hope that people-to-people technology will revolutionise funding, investing and lending, making it more transparent, fairer and indeed, more civilised than from traditional sources. civilisedmoney will enable people to invest, donate, lend, borrow and transact money with each other directly at fair and transparent rates, cutting out need for the middlemen, the banks. Lenders such as Zopa have shown that peer-to-peer services can be successful and civilisedmoney will be bringing together a range of these services. They’re also using CrowdCube to secure some of their own funding, giving all of us the opportunity to own part of the business for as little as £10. Related Posts Tags: banking, CivilisedMoney, p2p
Defining P2P as the relational dynamic of distributed networks 2.1.A. Defining P2P as the relational dynamic of distributed networks Alexander Galloway in his book Protocol makes an important and clear distinction between centralized networks (with one central hub where everything must pass and be authorized, as in the old telephone switching systems), decentralized systems, with more than one center, but these subcenters still being authorative (such as the airport system in the U.S. centered around hubs where planes must pass through), from distributed systems, where hubs may exist, but are not obligatory (such as the internet). So: what is peer to peer? P2P processes are not structureless, but are characterized by dynamic and changing structures which adapt themselves to phase changes. P2P is a network, not a pyramidal hierarchy (though it may have elements of it); it is 'distributed', though it may have elements of hierarchy, centralization and 'decentralization'; intelligence is not located at any center, but everywhere within the system.
Germany recognizes Bitcoin as a “private money,” subject to capital gains tax In response to a query by a member of parliament, the German Finance Ministry has declared (Google Translate) that it accepts bitcoins as a “unit of account.” The Ministry added that bitcoins are a sort of “private money” and that mining bitcoins constitutes “private money creation.” The Ministry also clarified that if a German taxpayer holds bitcoins for more than a year, she is exempt from paying the 25 percent capital gains tax. Such a tax would ordinarily be paid after profiting from the sale of a stock, bond, or other security. How would the Finance Ministry even know if a taxpayer holds bitcoins? The German lawmaker, Frank Schäffler—a member of the Free Democratic Party (FDP), a pro-business, center-right party—wrote on Twitter that famed Austrian economist Friedrich Hayek would be happy with this decision.
One Stop Funding - Home Page We have an existing portfolio of Hire Purchase Agreements in excess of £700,000 net financed with a total receivable under those agreements in excess of £1,600,000. This represents security with a value of over double the original investment, giving a significant margin against defaults. These existing agreements are being offered to lenders in order to facilitate our continued growth. As the lender you will have the specific Hire Purchase Agreement/s assigned to you to act as security against your loan to us. The Hire Purchase Agreements are with our finance subsidiary which is 100% owned by One Stop Car Credit Ltd (OSCC). The trading activities of OSCC are restricted to raising financing for the business and administering those loans.