tag:blogger.com,1999:blog-24338064.post2403064518940443645..comments2024-02-11T19:28:27.997+11:00Comments on Personal Reflections: Monday Forum – cooperatives and the disruptive power of crowd funding and its likeJim Belshawhttp://www.blogger.com/profile/10075614280789984767noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-24338064.post-33239506054358482752014-12-12T07:49:59.883+11:002014-12-12T07:49:59.883+11:00Crowd funding is a very unique way to raise funds ...Crowd funding is a very unique way to raise funds for your projects, and very different from seeking finances through more traditional methods. It is a fairly new sector which is growing rapidly. JosephHoguehttp://www.crowd101.com/noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-88665495602552439502014-10-23T05:31:27.577+11:002014-10-23T05:31:27.577+11:00My problem, of course, Winton lay in the fact tha...My problem, of course, Winton lay in the fact that I didn't get the shares in the first place!<br /><br />Evan, you have mentioned Race before. Not sure about Facebook, but will try to access some of his writing.Jim Belshawhttps://www.blogger.com/profile/10075614280789984767noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-85568834906401282742014-10-22T19:33:46.532+11:002014-10-22T19:33:46.532+11:00Jim, your AMP example illustrates the point I was ...Jim, your AMP example illustrates the point I was making very well. <br />However, the extent of your loss might not not be huge if you kept your shares. I think the optimal strategy was to sell the shares soon after they floated.Winton Bateshttps://www.blogger.com/profile/07383561940886657594noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-80079906956691027552014-10-22T12:52:36.450+11:002014-10-22T12:52:36.450+11:00The goto guy on co-ops in Oz I think is Race Matth...The goto guy on co-ops in Oz I think is Race Matthews.<br /><br />He has a book Jobs of Our Own and is very open to friend requests on Facebook (i.e. he was willing to friend me).<br /><br />Crowdfunding I find very hopeful. It is a little different to fundraising because it uses an existing platform rather than going to other organisations and events.Evanhttps://www.blogger.com/profile/13355215688351759230noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-60136906347265022152014-10-22T05:00:16.531+11:002014-10-22T05:00:16.531+11:00That - the return to owner from capital, is an int...That - the return to owner from capital, is an interesting one in a conceptual sense, Winton. I let my AMP policies lapse. Had I held on for another year, I would have received a large allocation of AMP stock. I was really annoyed. <br /><br />The Fonterra model as I understand it allows farmers to realise the value of their equity from an internal market. I'm not sure how this works.<br /><br />Oddly, the analytical model that I have in the back of my mind comes from law. There you have a partnership that provides a return from work (equivalent to the farmer selling milk)plus a return on capital. I have argues that the partnership needs to keep those elements separate. In law, too, you have the issue of how to pay exiting partners. Jim Belshawhttps://www.blogger.com/profile/10075614280789984767noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-63432801387583685462014-10-22T04:48:49.257+11:002014-10-22T04:48:49.257+11:00Thanks, Noric. I actually missed that post. I will...Thanks, Noric. I actually missed that post. I will bring it up in my main post. Jim Belshawhttps://www.blogger.com/profile/10075614280789984767noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-67813990137502186072014-10-22T04:44:21.229+11:002014-10-22T04:44:21.229+11:00Hi Rod. In a sense you are right, but the platform...Hi Rod. In a sense you are right, but the platform makes the difference because it allows the proponent or proponents to reach out to a wider base in a low cost way sometimes seeking quite small sums of money. Once the platforms are there, their potential use seems to widen as people seek to use them in different ways. <br /><br />Take a self-published book. You used to put out your money then try to recoup through sales. Alternatively, you directly asked people for cash to help fund you.<br /><br />With crowd funding, you have the option of putting it out there as a project and getting cash up front. You still have to promote the project to those who might subscribe, but its another option. Jim Belshawhttps://www.blogger.com/profile/10075614280789984767noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-78311112826185961252014-10-21T19:43:03.275+11:002014-10-21T19:43:03.275+11:00Just a short comment on cooperatives:
There is a ...Just a short comment on cooperatives:<br /> There is a big problem in allowing owners to recoup the value of their investment when the firm accumulates assets through re-investment of profits. Last time I looked, NZ dairy farmers who decide to sell their farms and leave the industry get a poor return from their shares in Fonterra.<br /><br /><br />Winton Bateshttps://www.blogger.com/profile/07383561940886657594noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-19524986379666208282014-10-21T17:47:24.174+11:002014-10-21T17:47:24.174+11:00My comment is our blog post titled "Tax and v...My comment is our blog post titled "Tax and valuation of crowdfunding initiatives". Since writing it there's been more developments but they don't change the substance of the positions we took in the post.<br /><br />http://www.dilanchian.com.au/index.php/lightbulb-blog/70-finance-securities/769-tax-and-valuation-of-crowdfunding-initiativesNoric Dilanchianhttps://www.blogger.com/profile/07971423154965231907noreply@blogger.comtag:blogger.com,1999:blog-24338064.post-4093249561521511292014-10-21T14:14:59.383+11:002014-10-21T14:14:59.383+11:00Isn't the term "Crowd Funding" just ...Isn't the term "Crowd Funding" just a new fancy-shmancy way of saying "fund-raising"? Even if there is a possibility of a return then in reality it is just seeking investors... I don't think this is a new thing. Just new terminology?Rodhttps://www.blogger.com/profile/10962789743908134314noreply@blogger.com