Tagged: bankruptcy

January 22, 2016 @ 8:03 am By JD Alois  |  

TrustBuddy, a publicly traded peer to peer lending platform, filed for bankruptcy in October of 2015.  This event occurred soon after it was revealed that management had uncovered “suspected misconduct” regarding the operations of the firm. Once the announcement of financial irregularities hit, it was… Read More

October 10, 2015 @ 3:57 pm By JD Alois  |  

SyndicateRoom, one of the leading equity crowdfunding platforms in the UK, has revealed it has experienced its first company failure.  Soshi Games, which raised £285,000 in January 2014, recently entered into the liquidation process as the company has filed for bankruptcy. Investing in early stage companies… Read More

August 20, 2015 @ 3:04 pm By Samantha Hurst  |  

Nearly two months after its failed attempt to raise $100,000 on Indiegogo, German encrypted email startup, Lavaboom, announced that it is shutting down and has filed for bankruptcy. According to TechCrunch, CEO and co-founder Felix Müller-Irion admitted that Lavaboom intends to continue running its services until next… Read More

August 14, 2015 @ 2:53 pm By Samantha Hurst  |  

Last summer, Belgium-based GRIN Gamestudio took to Kickstarter to raise funds for its video game, Woolfe- The Red Hood Diaries. Woolfe- The Red Hood Diaries is described as a twisted fable in a rich, fantasy setting of smoke-spewing factories and evil forests. It is considered an action-platforming fairy… Read More

January 24, 2015 @ 12:29 pm By Samantha Hurst  |  

  Last year, We shared some details about the Kickstarter- crowdfunding success SOAP Rablet, the all-in-on home automation router. The device was described as 2 GB/S WiFi 802.11AC, BLE, Zigbee, Zwave, Insteon, RFID/NFC, Home Media Server, Your Own Cloud and Domain.  Kind of a swiss army knife of… Read More

July 24, 2014 @ 9:17 am By JD Alois  |  

Highlighting the risk of investing in startups, goodz GmbH, a Berlin based company that did an equity crowdfunding round this past Spring, has filed for bankruptcy. goodz was an “e-boutique”, launched in February 2014, that featured cutting edge products in a curated e-commerce platform that… Read More

December 19, 2013 @ 8:39 am By Charles Luzar  |  

Central Falls, Rhode Island Director of Economic Development Shares Insights For Other Cities Looking To Crowdfund Public Projects In the wake of the financial crisis, budgets at all levels of government have tightened. Words like “sequester” are now a part of our common, everyday lexicon…. Read More

November 16, 2013 @ 10:55 am By Charles Luzar  |  

Central Falls, Rhode Island is “the smallest city in the smallest state” in the United States, but it is a densely populated city; it’s comprised of nearly 20,000 residents in an area of about one square mile. Central Falls fell on hard times in the… Read More