2,524 crowdsourcing and crowdfunding sites
For anyone deciding to use crowdfunding to get their projects off the ground, a question ultimately arises: “What will help me fund it successfully?” The debate is on, and we’ve had a chance to talk about it with Matt Finlin. Matt is a young film director who has successfully funded his amazing documentary Below New York on Kickstarter last summer. As Matt himself calls it, Below New York is a “love letter, a personal essay” to New York and its great subway artists. Matt requested for $3000 to finish the shooting and the production of the documentary and within a little over a month the amount was gathered.
Crowdfunding is used to raise money for all sorts of projects, from the weird to the wonderful. This week, a couple used crowdfunding to bring new life into the world. The IndieGoGo Baby project (in which a Florida-based couple raised money for IVF treatment) brought to mind a case last year when a couple from Minneapolis sought the help of an online crowd to decide whether to abort their baby or not. Here’s a closer look at both of these baby stories.
Last week, we spoke with Alysia Wanczyk, marketing director for the U.K.-based, crowdfunding platform Seedrs, to learn about the platform’s progress and plans for the future.
Every change in a system encounters resistance, especially those changes which make the most sense. In our new information economy, where value is derived from the richness of our networks and the novel ways in which we find to organize information and connections, a matching capital formation mechanism makes sense. So it is no surprise that crowdfunding, an organic response to service capital needs within our new economy, is growing exponentially. And it's quite anticipated that it should meet resistance.
The resistance to crowdfunding comes in the form of the "fraud bogeyman." Apparently, this phantom stalks only unregistered investments, waiting to emerge from the shadows and steal all of our money. Of course, fear is a potent tool (for better or for worse), and wherever it's sold, one can usually quickly find a lack of real arguments. For example, inherent in a fraudster's ability to steal all of our money via crowdfunding, is someone who invests all of his or her money in one business. And yet, I cannot find a single person who thinks that doing so is a good idea. (If you find such a mythical person, please have them write a blog post about it, and forward me a link!)
The fraud bogeyman has been appearing in a number of places recently, including big media sites and small blogs alike. The number of concurrent mentions of the words 'portfolio' or 'diversification' in the same articles ... ZERO. As usual, fear, uncertainty and doubt are delivered in a vacuum, without any relativity or context. How does anyone lose all of their money on fraud when they're diversified? That's an inconvenient question, of course.
It is now possible to buy something pretty close to a Star Trek replicator for a few hundred dollars (or a few thousand if you don't want to play Scottie and build from a kit). The era of 3D printing is upon us, and if you listen to some of its devotees, it's going to change the world.
Our weekly crowdfunding live chats are becoming one of the hottest tickets around as the gears start turning to put the new investing framework in place. Our third live event was held this past Monday, just a few days after members of the Crowdfunding Intermediary Regulatory Association met with officials from FINRA and the SEC.
On Monday Crowdsourcing.org hosted our fourth crowdfunding live chat and below is the full transcript of the conversation as promised. The discussion included the official announcement of the creation of the Crowdfunding Professional Association. A detailed statement on CfPA also immediately followed the conclusion of the live chat. CfPA will act as a sister organization to CFIRA, and answers to plenty more questions about the new organization can be found in this full transcript:
The design director for the 2008 Obama presidential campaign, Scott Thomas was an early pioneer on Kickstarter with his Designing Obama campaign. At a time when few crowdfunding programs had caught the public’s eye, and raising six-figure amounts through online pledges seemed just a pipe dream, he managed to pull in an impressive $84,613 for a historical book chronicling the art and design that helped propel Barack Obama into office.
By many accounts Facebook's IPO was a mess and there's even allegations laws were broken in the process. Could legal crowdfunding have prevented the entire fiasco?
Every so often, we stumble across a crowdfunded project so cool we need to learn more about it — then share our newfound knowledge with everyone we know. That’s why we’re starting this semi-regular “Crowdfunding Spotlight” feature, where we speak to the people behind the most audacious and exciting crowdfunding campaigns. In this inaugural spotlight article, we speak with Ari Atkins, co-founder of Unplugged Instruments and designer of the Unlimited Electric Guitar.
Homicide Watch D.C. is a community-oriented news site that covers violent crime in the nation’s capital. The site's editor and founder, Laura Amico, documents cases of homicide and then follows them to uncover the circumstances surrounding each death. We talk to Amico about her work and a recently-successful Kickstarter campaign that will power the site for the upcoming year.
Game developer Chris Roberts’ fans shelled out $6.2 million to help finance the upcoming Star Citizen title, making it the most successfully crowdfunded video game yet. Roberts and his team ran a dual campaign, with $2.13 million coming from Kickstarter, and $4.09 from their own crowdfunding initiative.
Georg Neumann, a communications specialist at the Multilateral Investment Fund (MIF) of the Interamerican Development Bank, recently previewed a workshop being organized by the MIF and massolution (a Crowdsourcing.org sister company) on the potential of crowdfunding in Latin America. We share it here with the author's permission.
The Malaysian government recently engaged our CEO Carl Esposti to speak at an event on crowdsourcing and how it can be used within the scope of the country's 'Digital Malaysia' initiative. We take a look at the program, how it got started, and how crowdsourcing will be used to create jobs for the "bottom 40" percent of the population.