Brazil’s economy expanded more than forecast by all analysts in the second quarter, as government stimulus propped up investment and a weaker real boosted the outlook for manufacturing. Read the full article.
CrowdIt is getting a lot of attention with its June 4th launch for one very simple reason: it makes sense! The result of combining crowdfunding with the power of mentorship si a potent cocktail, and something the marketplace sorely needs. Read the full article on Entrepreneur’s website here.
25º Capital signs agreement with government and private partners to pioneer new real estate approach.
In the Brazilian city of Ponta Grossa, 25° Capital is partnering with the local mayoral administration, government agencies, and one of the largest contractors in the area to develop a new housing complex targeted at a specific buyer. The extremely successful federal housing program Minha Casa Minha Vida (MCMV) seeks to help low- to middle-income Brazilians secure affordable financing for housing. Most of the developments in the Ponta Grossa area have been targeted at the lowest earning MCMV category (Track 1). However, the next income segment up, Track 2, also has an immediate demand for affordable, high quality housing. 25º Capital’s new project, “New Life”, will provide exactly that. The project was signed into contract on Wednesday May 15, 2013.
The film industry is a prime demographic to utilize crowdfunding portals for capital generation. CrowdIt’s enhanced utilization of the crowd offers the Indie film industry significant advantage, even over the existing Goliaths as well as such new-comers as Donald Trumps FundAnything crowdfunding site. Read IndieWire’s article here.
Billionaire Warren Buffett wants to learn a thing or two about deal making and the Brazilian marketplace from Brazil’s richest man, Jorge Paulo Lemann, a.k.a the “Rainmaker of Rio.” Watch the Bloomberg video here.
According to Wired.com, Crowdfunding is at a tipping point. “We’re all about to discover whether this new funding movement will become endemic — a standard, behind-the-scenes, constant method of funding — or go the way of Groupon’s daily deals, gradually fizzling out.” The next generation of Crowdfunding innovators are going to determine the answer to this issue. Read the full article at Wired.com here.
Baron VC portfolio company 25 Degree Capital addresses the most significant challenge facing developers and contractors in Brazil: finding appropriate, affordable land that meets the requirements of the government sponsored housing program Minha Casa, Minha Vida (My House, My Life). Read the translated article here.
How can an entrepreneur tap the full power of ‘the crowd’ when it comes not just to funding an enterprise, but also developing and executing his/her core strategy? Welcome to the next generation of Crowdfunding! Check out the article at Small Business Trends.