2,963 crowdsourcing and crowdfunding sites
In this Crowd Coffee: another crowdfunding campaign owner penalized for not delivering rewards; crowdfunding classroom needs; crowdfunding as an investment leveler; Weathernews partners with Moji for crowdsourced weather; and more.
Each fraudulent crowdfunding campaign not only undermines the credibility of its creator, but of the entire industry. There are a few resources out there tracking suspicious crowdfunding projects, and we reached out to Rafał Wrona, creator of CrowdFrauds, to find out how he became interested in crowdfunding fraud, and what backers can do to prevent themselves from getting duped.
In this Crowd Coffee: Smithsonian increases Kickstarter spacesuit campaign goal; European Securities and Markets Authority issues warning on crowdfunding; crowdsourcing Istanbul's future; sharing economy for business travel heats up; and more.
From an economics perspective, companies like Amazon Mechanical Turk (AMT) and Uber are highly interesting; it’s not difficult to see why GOP candidates have embraced them. By reducing rigidities (like the time it takes to apply and interview for jobs, or minimum wages), sharing economy startups create more efficient labor markets. At a time when almost anyone can sign up on Postmates and earn money as a courier, unemployment can seem to be a truly voluntary phenomenon.
In this end-of-week edition of Crowd Coffee: a close look at Smithsonian's crowdfunding initiatives; Chloe Sevigny is crowdfunding her new movie; AccuWeather launches crowdsourcing app; looking at the sharing economy's labor problem; and more.
To date, a handful of platforms have had crowdfunded startups make a successful exit. We’ve looked around, spoken with platform operators, and compiled a list of startups that raised money via the crowd and went on to deliver a positive return to these investors (via an acquisition, a share buyback, or an IPO). See the list, after the jump.
In this edition of Crowd Coffee: a breakdown of Virgina's new equity crowdfunding law; analysis of E-Car Club's equity crowdfunding success story; a creative's view on crowdsourcing platforms; partisan clashes over sharing economy continue; and more.
The company claims to have grown 3000 percent in the past year, with the last several months being especially fruitful, raising close to a crore each month (that's 10 million rupees, or around $150,000, monthly). The platform’s recent success seems to come from the visibility it has gotten from celebrity endorsements and partnerships.
In this mid-week edition of Crowd Coffee: another museum turns to the crowd; protesting via crowdfunding; crowdsourcing story ideas for journalists; scientists crowdsource bad data sets; UK creating trustmark for sharing economy; and more.
Pioneers like Zach Braff and the team behind Veronica Mars faced a lot of criticism when they took to Kickstarter to raise money for their projects, as known entities. The RA and Smithsonian aren’t generating the same level of criticism — if any at all. That’s a good thing for crowdfunding: celebrities and big institutions are more likely to put on big, visible projects; deliver on the promises made in the campaign; and raise a lot of money, which is clearly beneficial to the platforms they partner with.
In this Crowd Coffee: crowdfunding keeps gaining popularity in Detroit; Smithsonian turns to Kickstarter to save spacesuit; crowdsourcing Apple's earnings; three reasons to support the sharing economy; and more.
Freelancer, the Sydney-based crowdsourcing marketplace, announced last week that it has partnered with NASA’s Center of Excellence for Collaborative Innovation (CoECI) to create CAD models that can be used by a humanoid robot on the International Space Station.
In this Crowd Coffee: crowdsourcing real estate in Minnesota; MIT's Christian Catalini on equity crowdfunding; Michigan-backed crowdfunding projects hit 97 percent success rate in year one; sharing economy faces a backlash; and more.
We speak with Wealth Migrate CEO Scott Picken about the advantages of real estate crowdfunding platforms over REITs. "Crowdfunding enables people who want to be in control of their lives, take responsibility for their decisions and be accountable for the results," he says. "This is why we focus on only two things: education and solutions. We ensure that we educate people so that they can make informed decisions as to what they want. Each person’s needs are different and we are creating the tools to empower themselves to make the best decisions for them and their families."
A troubling trend has been identified and discussed openly on sites like Reddit and well reported elsewhere. It involves the practice of taking existing products found on Alibaba or eBay and repackaging them as new in order to raise funds on crowdfunding sites.
In this end-of-week edition of Crowd Coffee: crowdfunding bills still competing in North Carolina; hyperlocal crowdfunding initiatives can lower risk for investors; Jeb Bush stands up for sharing economy; 2015 Open Innovation Forum to focus on technology's impact on humanity; and more.
Several days ago, TechCrunch reported that CircleUp, an equity crowdfunding platform focused on consumer goods brands, raised $22 million for a fund of its own, which will match investments made on the platform by others. To find out more about the initiative, we reached over with questions for the company’s COO and co-founder Rory Eakin. He was kind enough to provide the answers after the jump.
In this edition of Crowd Coffee: Royal Academy crowdfunding on Kickstarter; crowdfunding and bitcoin meet via mToto; crowdsourced flood maps in Jakarta; US politicians struggle to define position on sharing economy; and more.
Realty Mogul, the real estate crowdfunding platform, announced yesterday that it has raised $35 million in a Series B round. The financing was led by Sorenson Capital, with previous investor Canaan Partners also taking part in the raise. The investment continues a trend we’ve seen over the last few months of prominent crowdfunding platforms receiving funding of their own to grow operations.
In this Crowd Coffee: how equity crowdfunding can spread wealth across the globe; crowdfunding the Syrian refugee crisis; crowdsourcing ideas for Singapore's future; will millennials outgrow the sharing economy; and more.