Crowdfunding 101: The Four Types You Need To Know


This post was originally written by Dylan Rochon, 2015 Foley & Lardner LLP Startup Connector.

The term “crowdfunding” is closely associated with websites such as and These sites provide a platform for startup companies to attract attention and funding. They provide an avenue for a wider group of investors to help fund or completely fund entrepreneurial startup projects. They have become popular among entrepreneurs, allowing them to “test the waters” and launch ideas that may otherwise not have been launched. In 2013, the crowdfunding economy reached $5.1B, more than three times larger than it was in 2011. Crowdfunding is said to be in startup mode itself and is expected to continue rapid expansion.

There are essentially four types of crowdfunding, and each one has its own pros and cons.

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Acquisition of HERE – a Prime Example of How IP Can “Drive” Value


Earlier this month, the news reported that several automakers, including BMW, Audi and Daimler, agreed to acquire HERE Global (Nokia’s map business) for $2.8 billion. Reuters reported that HERE’s primary competitor is Google Maps, and that the automakers outbid Uber and Baidu.

Why would the automakers pay billions for an alternative to Google Maps? What is “driving” this acquisition?

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Mark Your Calendars: 2015 FOLEYTech Summit


Join us on October 1, 2015 as we explore how the evolution of technology has transformed business and altered the investing landscape. Our 11th annual FOLEYTech Summit will bring together tech entrepreneurs, executives, managers, investors and advisers.

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Should Your Startup Become a Public Benefit Corporation?


With the increased attention paid to companies that feature public benefits or social impact as part of their mission or business plan and with the rise of social impact investors, more and more states are enacting public benefit corporation statutes (five will go effective this year). Delaware revised its statute to include the public benefit corporation in 2013.

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