The Daily Dig for Tuesday, Sept. 23

A skeptic is converted to P2P and a sci-fi geek turned politician finds out resistance apparently is not futile in today’s Daily Dig.

Crowdfunding as a business incubator: pros and cons

Proof of demand and early product development funding are two of the good crowdfunding features that appeal to investors.  There is a downside, some of which revolves around novice investors unfamiliar with timing and other issues, writes Chris Morris.

Investor explains why he chose Zopa

As rates of return in other areas were a pittance, and he saw the safeguards in place, author Richard Evans decided to invest with leading U.K. P2P Zopa.  So far, so good, he writes.

Chinese web company unveils movie crowdfunding platform

Baifa Youxi enables ordinary Chinese citizens to invest in big movie projects.  It is the creation of web search company Baidu.  Clifford Coonan has the details.

Canadian politician forced to back off cheesy crowdfunding campaign

Resistance is not futile in the halls of Parliament, this Canadian politician has discovered

Resistance is not futile in the halls of Parliament, this Canadian politician has discovered

Rookie New Democrat MP Charmaine Borg was forced to take down a fundraising campaign in which she promised to say “Resistance is futile” in the House of Commons for every $1,000 pledge.  An opposition pol called the campaign “a profoundly bad idea.”  Read the CBC report here.

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