March 25, 2007
What happens when Joe Investor ("sophisticated" or otherwise) backs too many ventures that go bust that take him down with them? Now that crowdfunding is legal thanks to the JOBS Act passed in 2012, scenarios like this and worse have the potential of becoming much more frequent. But just because it's legal doesn't mean it's free of regulation. In fact, the regulations that are still being hammered out promise to be fierce. How will a crowd sourcing investment site, or an enterprise looking for financing on one of those sites, keep track of it all? Actually, that may not even be possible--unless the funding portal uses a service like the Crowdbouncer API.
In preparation for next month’s launch of its 3D controller, Leap Motion is moving to the next phase of its beta testing. The gesture control company has opened up Airspace, its online app store, along with other aspects of its software to early access developers.