2,824 crowdsourcing and crowdfunding sites
We recently introduced you to VentureHealth, an online venture fund that connects accredited investors with biotech startups. Today we feature the second part of our conversation with VentureHealth co-founder Talat Imran, who also serves as the platform's lead developer. Discussion topics include security concerns, payment processing, past investments, and the company's future.
The crowdsourcing and crowdfunding industry is picking up momentum at an exceptional rate. Validity of the models involved is now grounded in the ever-increasing size of the participatory crowd, the scale of the capital networks involved, and the unique value delivered to customers, communities, and investors alike. Astute expansion-stage venture firms are now decisively backing and further fuelling explosive high-growth in crowd-driven companies. With more than $280 million invested in 35 different crowdsourcing and crowdfunding platforms during 2011 — an average investment of $8 million per funding round — it is clear that the industry’s probationary period is over.
Crowd funding is a practice that allows entrepreneurs to reach out, typically online, to Average Joe-investors who put up small amounts of money in exchange for some product or perk. Many...
Open innovation is rapidly changing the way organizations tackle tough problems. Even the United States government loves open innovation, using its Challenge.gov platform to monitor pollution, improve employment opportunities for people with disabilities, and crowdsource a “next-generation” combat vehicle, among other initiatives.
ChallengePost, which runs Challenge.gov for the federal government in addition to software competitions for private companies, firmly believes that competition breeds innovation. We spoke with Brian Koles, business development manager at ChallengePost, who explained the myriad benefits of open innovation.
With the well-established institutional frameworks of South-Africa and Cape Town, the city is an ideal piloting area for such new mechanisms by providing stable and proven legal institutions,...
There are a myriad of possibilities in the search for crowdsourcing milestones that announced its advent and its adoption as a model for online production, problem solving and for organizing for collective action: Commercial applications, advertising campaigns that succeed or backfire, funding for entrepreneurial ventures. This list of one dozen focuses on the pinnacles that demonstrate crowdsourcing’s highest potential: For public good, scientific research and technological innovation.
Each of these events involves a seminal moment when crowdsourcing came into greater public awareness being driven from calls to action that resulted in ever increasing numbers of individuals working together in a manner that has raised our collective consciousness.
We have selected our landmark crowdsourcing events based on criteria that make them notable because of their scale, their impact and the extent of their outreach to a wider audience both demographically and geographically. See if you agree with our choices!
I am not a writer. I am not a journalist. I am a software developer and I built LocalByUs. I may not be a writer, but writing software is a lot like writing a book: you write it, refine it, and publish it. You don’t know if anyone will buy it, read it or like it. It’s not easy.
Writing LocalByUs was challenging. At times during the last six months, I coded away like a madwoman, making quick progress on the site. At other times, I stared at the screen, blocked, stumped by impossible-to-solve issues — that, of course, seem simple in retrospect. Tough as it was, it was also fun. Working through all the problems, I have learned more in the last six months than I did in the last six years. But when I started, I did not know that building LocalByUs would be a worthwhile venture. So why build it?
I like my local newspaper. It hasn’t gone out of business… yet. Experts think the days of local newspapers are numbered. People search the web for the information they used to get from their local newspaper. Some newspapers have morphed into online local newspapers. AOL’s Patch is trying an online newspaper model at a big scale. By all reports, it is failing as well. But most of what the local newspaper reports — school sports, business news, police blotter, neighborhood association news, local politics and so on — could very well be crowdsourced.
Late last month, GoodWorldCreations LLC officially launched HelpersUnite, a crowdfunding platform that links creative and commercial ventures with charitable causes and events. In stark contrast to popular crowdfunding platforms like Kickstarter and IndieGoGo, which do not allow charitable giving, HelpersUnite requires project creators to donate at least five percent (5%) of funds raised to a cause of their choice. Crowdsourcing.org spoke with Luan Cox, co-founder and CEO of HelpersUnite, to learn more about her fresh, charitably inclined take on crowdfunding.
Obtaining the right source of finance at the right price is one of the biggest challenges faced by entrepreneurs. Currently, a wide variety of funding options are available to expand or start their business initiative. One out-of-the-box funding solution that has emerged in the recent years is the phenomenon of ‘crowdfunding’.
For centuries, family and friends have been one of the most common sources of early-stage seed capital. Crowdfunding is the natural extension of this model, enabling fundraisers to connect through social networks with a larger, online network of friends, colleagues and other people that are simply just into their idea and want to help them.
Courtesy of social media and crowdfunding websites, everyone from start-up entrepreneurs to the champions of social causes are now able to build interconnected networks more easily and more effectively than ever before. By leveraging their own personal networks to spread the word about the project to potential contributors through word of mouth, email, Facebook, Twitter and other social media platforms, they can tap into existing communities of potential contributors, to launch and promote their campaigns.
As crowdfunding becomes an ever more popular method for raising funds online, new sites continue to emerge that appeal to localities previously unexposed to the transformative fundraising model. One such site is Fondomat, the first crowdfunding enterprise in the Czech Republic. It’s also the “cheapest crowdfunding website to use for both creative projects and charity-based fundraising in the world,” boasts Fondomat co-founder Conrad Watts. Crowdsourcing.org spoke with Watts to get the inside scoop on his new crowdfunding venture.
Founder and CEO Wil Schroter is hoping to sculpt this new company into a way for companies to fund projects that don’t quite fit into the conventional avenues. He created an incubator, Virtucon...
But as the crowdfunding platform continues to grow, seemingly unstoppably, it might be challenging its inherent worth. A lot of this is pure math: the more projects there are the more money is...
One region which hasn't seen crowdfunding take off in a big way is Middle East and North Africa. We profile Shekra, an Egyptian crowdfunding platform that hopes its Shariah-compliant model can appeal to investors.
The teams in the MJFF competition were challenged to develop a model that could use the data to identify the Parkinson’s patients from the control group and identify what stage of the disease...
Bountysource aims to streamline the funding process for open-source software projects. With a fresh $1.1 million seed round on hand, the company is betting on crowdfunding as a game changer for the open-source community.
In this edition of Crowd Coffee, where we compile the latest crowd-related stories from around the web, you can read about how Apple's new patent may lead to crowdsourced mapping, a new crowdsourced venture by Twitter cofounder Biz Stone, and a crowdfunding drive for one of India's political parties.
Fresh off a $43 million raise from Goldman Sachs and with a re-branding on the way that underscores the company’s growing ambitions, uTest (soon to be known as Applause) is preparing itself for a big year. We recently spoke with Matt Johnston, the company’s chief marketing and strategy officer, to get a peek at uTest’s plans for 2014.
In this edition: crowdsourcing food prices in Africa to detect inflation; cops ask the crowd to submit footage of Kevin Ward's death; crowdfunding's big projects attractive to VCs; proposed rules would open equity crowdfunding in DC; the sharing economy in the UK; and more.