2,920 crowdsourcing and crowdfunding sites
This is the single most common question I get asked. There's a lot of misinformation about this, so let's clear it up...
Keep in mind that a “platform” is just a website. It's NOT a business in and of itself (people often confuse a 506b/c or Reg A platform with a Title III "portal" as defined in the JOBS Act, and they are very different things). A platform is simply a tool for general solicitation. So you are not a platform, you are an issuer/investment adviser/listing service/broker-dealer who might have a website that lists offerings of securities, might use other websites that promote offerings of securities, might use social media to promote offerings of securities, might run newspaper ads to promote offerings of securities, might send emails to promote offerings of securities…you get the picture.
Crowdfunding is becoming ubiquitous and success stories like the Coolest Cooler, Pebble or An Hour of Code for Every Student impressively demonstrate how this new wave of funding for startups, creative ideas and causes via the crowd can be used to turn dreams into reality. Undoubtedly the most successful crowdfunding campaign of all times, Star Citizen has raised over $88 million dollars at the time of writing this post and shows no signs of slowing down.
Google's initiative to raise funds through a donation-matching campaign raised $11 million (€10M) since its launch on Tuesday.
Given their crucial role in the UK economy, it’s important to support SMEs as they continue to increase investment in the coming years. Yet SMEs are often unable to secure credit for a reasonable cost — the Federation of Small Business, for example, found that at the end of 2014, 22 percent of businesses reported high cost of finance as a barrier to growth. In this context, it’s not difficult to see why crowdfunding and P2P lending is growing fast in the UK, but crowd-powered solutions are not the only ones to offer SMEs an affordable and efficient way of securing financing.
Scott Purcell, serial entrepreneur and founder and CEO of FundAmerica, keeps a highly informative blog, focusing on equity crowdfunding in the US, and we are sharing the latest post after the jump. In his latest post, Scott poses the question, "what will the securities crowdfunding industry look like in 5 years? 10 years?"
Duolingo, the popular language-learning company, announced yesterday that it has launched the Duolingo Quick Test, a free assessment that can help individuals test their English language proficiency. After completing the test, users have the option of displaying their score on their LinkedIn profile. The test takes around 20 minutes to complete and some parts can be tricky even for fluent speakers.
Tony De Nazareth, director at Crowd for Angels, "the first directly regulated crowdfunding platform for debt and equity funding for private and public companies," writes in to explain how debt crowdfunding differs from equity, and what businesses may benefit from the fledgling funding model.
Kiron University, a Berlin-based social enterprise, has launched a crowdfunding campaign to allow refugees to get access to higher education. The online university is looking to raise as much as €1,200,000 ($1,340,000 million) over the next two months to create a two-year program in partnership with massive open online course providers, followed by a one or two year program at a partner university.
In this Crowd Coffee: MuckRock expands crowdfunding capabilities; Harmonix and Fig link up; crowdsourcing for journalistic organizations; the sharing economy and the future; and more.
Crowdcube, one of the leading equity-based crowdfunding platforms in the UK, announced yesterday that it has passed the £100 million ($152 million) successful funding threshold. The company also revealed that it has paid back investors over £600,000 in 2015, with the returns being generated by the platform’s first successful exit, E-Car Club, as well as interest payments made by various mini-bonds that the platform has made available on its platform.
In this Crowd Coffee: crowdfunding a leg-up for entrepreneurs; five ways to attract more funding to your campaign; why companies are embracing open innovation; why crowdsourcing is risky; sharing economy for international deliveries; and more.
Many people have heard of crowdsourcing, but most tend to associate it with the latest funding effort for a project on Kickstarter or Indiegogo. While funding is one option, crowdsourcing can be used for so much more and as we’re now finding, it offers many different options and benefits that companies have not even begun to understand or leverage. Companies are stuck in a development cycle that has been around for decades, and I believe many executives just need to open their minds to the true potential that crowdsourcing brings to the table to help solve this issue.
In this Crowd Coffee: Manhattan's first crowdfunded condos; Alex Cox on crowdfunding movies; crowdsourcing seeds in Nepal; Nokia's open innovation challenges; and more.
Alex Mondau, director at Community Sourced Capital, a crowdsourced lending platform for small businesses around the US, writes in to discuss food-related businesses, and why he believes they have an advantage when it comes to crowdfunding.
In this edition of Crowd Coffee: some atypical crowdfunding campaigns; smaller One Spark crowdfunding festival scheduled for 2016; The Young Turks crowdsourcing to expand coverage; differences among sharing economy models; and more.
WealthMigrate, one of the leading global real estate crowdfunding platforms, announced late last week that it’s opening up an office in Shanghai. It’s the second office in the region for the real estate platform, which also has an office in Singapore. The office is meant to expand the company’s footprint in China, which has a burgeoning crowdfunding scene, and to help the country’s investors get access to real estate opportunities in overseas markets.
In this edition of Crowd Coffee: Sony launches new product on its First Flight platform; crowdsourcing is not sustainable for media, says one executive; the sharing economy for boats; and more.
Andrew Adcock, the chief marketing officer at Crowd for Angels, writes in to discuss why equity crowdfunding makes sense for startups, compiling some of the most popular arguments for the new funding model.
In this Crowd Coffee: another big firm turns to crowdfunding; predicting how the recent global market fluctuations will affect crowdfunding; a look back at Tomnod's crowdsourced MH370 plane search; and more.
This year, Kickstarter is taking its film festival across the nation, having paired up with 32 cinemas in 31 cities. The festival will take place on October 15, and will show five films, two feature-length ones, and three shorts.