2,824 crowdsourcing and crowdfunding sites
Editor's Note: We continue our look at the leading industry research and advisory work that our sister organization massolution is engaged in. For more information on massolution and its industry research, go to crowdsourcing.org/research; for services, visit massolution.com
On Monday, our sister firm massolution released 2013CF: The Crowdfunding Industry Report, which found an 81 percent increase between 2011 and 2012 in the amount raised globally through crowdfunding and predicts an even larger increase for 2013.
By noon, international media outlets were spreading the word far and wide. As Reuters writes:
Massolution predicted $5.1 billion would be raised via crowdfunding platforms in 2013, with a greater shift towards funding start-up businesses and small firms rather than social projects, which are currently the most popular category.
“There is an immense desire to want to support the aspirations of entrepreneurs and people who are pursuing causes,” massolution's Carl Esposti told Time.
Bloomberg Businessweek highlighted massolution's findings regarding the growth of crowd-based lending:
More surprising is that crowdfunded loans, made over lending platforms such as Prosper and Kiva, more than doubled, to $1.17 billion from $555 million the year before.
“Crowdfunding offers a great opportunity for everyone to leverage their social networks and transform social capital into financial support,” massolution analyst and research director Kevin Berg Kartaszewicz-Grell told VentureBeat. “Clearly, companies that already make use of distributed networks — such as software developers, media companies, Internet companies, etc. — are in positions of relative strength because the communication networks have already been established, and reaching out via crowdfunding campaigns is thus a natural extension of their networking activities."
Find more info on 2013CF: The Crowdfunding Industry Report by clicking here.
Massolution is a unique research and advisory firm specializing in the crowdsourcing and crowdfunding industries. Massolution works with governments, institutions and enterprises in the design and implementation of crowdsourcing and crowdfunding business models that drive improved business performance, product and service innovation, enhanced levels of customer engagement and in the formation of new sources of capital.
Massolution also operates the industry website Crowdsourcing.org.
You can reach a representative at massolution by emailing contact-at-crowdsourcing.org.