2,803 crowdsourcing and crowdfunding sites
Not all fees have been dropped: those selling items via the ‘Sell Something’ option will still need to pay 2.5 percent, as will those fundraising for causes. And as Beshara mentioned above, those paying with credit cards for Collect campaigns will still need to pay processing fees, though that’s standard across the industry.
Wrike, a project management software company, recently put together a list of 26 platforms to help users navigate the landscape. It’s not an exhaustive account, but it acts as a good starting point for those who are beginning to explore crowdfunding, and what platforms they should use for their own campaigns.
We share a PhD thesis uploaded by one of our community members: Michael Gebert, founder and CEO of Marketing Society-Crowd Mentor Network, and organizer of the CrowdDialog conference in Munich. It's a research paper that's exhaustive enough to serve both as an introduction to crowdsourcing for the newcomers, as well as an interesting exploration of risk management for those more familiar with crowdsourcing.
The Coolest Cooler is now the most-funded Kickstarter campaign, taking the crown from the Pebble smartwatch after 862 days of reign. According to Kickstarter, who updated its blog post about the ‘History of #1,’ the takeover took place at around 10pm Eastern last night.
Betterific, the crowdsourced ideation company, announced recently the first product to come out of its platform: tags on fitted sheets to show which side of the sheet fits which side of the bed. The product was picked up by Dormify, an online store that caters to college kids, and hit the online shelves last month.
The Coolest Cooler campaign is on the verge of breaking the Kickstarter record for the most-funded project on the platform. At the time of this writing, the campaign stood at around $10,190,000 — less than $80,000 from reaching the $10,266,845 the Pebble smartwatch raised in May 2012.
Have you been wondering how intrastate crowdfunding exemptions are shaping up? Anthony Zeoli, Georgia Quinn, and Crowdcheck came up with two handy charts to help you navigate the state crowdfunding landscape.
Pono Music had already been well-known among the crowdfunding community because of its highly successful Kickstarter campaign. With its latest achievement, it seems poised to enter the crowdfunding hall of fame.
uBiome, the company that’s sequencing microbiome with the crowd’s help, has raised $4.5 million from VC firm Andreessen Horowitz and angel investors, according to TechCrunch. It’s big news for the company, which has previously received funding from 500 Startups and Y Combinator. It first caught our eye when it was looking to raise $100,000 on Indiegogo; it ended up raising $350,000.
Renewable energy seems to be a good fit for crowdfunding. Many people feel passionately about ridding the world of pollution, and renewable energy projects can go a long way in making that dream a reality. It’s hardly surprising, then, that a number of crowdfunding platforms have popped up across the world to support renewable energy. Indeed, the industry niche has become prominent enough to host its own conference in London on October 30.
Anticipating that the Finnish Financial Supervisory Agency's (FIN-FSA) new rules for equity crowdfunding will require platforms to register as investment firms, Invesdor has applied for the appropriate license. While the FIN-FSA hasn’t yet finalized this rule, Invesdor’s co-founder and CEO Lasse Mäkelä recently told us that his company was preparing for the regulatory change.
Since the passage of the JOBS Act, the prevailing mood about equity crowdfunding for the unaccredited has soured. The SEC has been working hard to draft the rules and read the comments that are coming in about Title III crowdfunding, but with leadership changes and a backlog that includes the monumental Dodd-Frank law, progress has been slow.
To commemorate its fourth birthday, Funding Circle put out the following infographic which showcases some of the key events around peer-to-peer lending in the UK, and statistics about the company and its users.
Yesterday evening, the Office of the Undersecretary of Defense Policy put out a request for proposal, looking to “procure the services of a crowdsourcing entity with the capability to apply a crowdsourcing methodology that leverages a broad range of expertise.”
Various crowdsourcing initiatives, whether they were led by a small startup in Silicon Valley or a team of engineers working out of an esteemed university, have added to our understanding of crowdsourcing, raised awareness of its merits and shortcomings, and reinforced the notion that collective action can be highly beneficial — if it’s applied correctly. Some of the most interesting crowdsourcing work, however, has been undertaken by government agencies.
One of the first equity crowdfunding players on the scene in Finland, Invesdor has been around since 2012. The platform claims to have 60 percent of the equity crowdfunding market share in its country, and has attracted investors from 38 different countries en route to €2.6 million raised for 20 companies. Its success is not accidental — the platform has developed a number of features and processes to help entrepreneurs and investors connect as seamlessly as possible.
The American Heart Association (AHA) has an ambitious goal: “to improve the cardiovascular health of all Americans by 20 percent while reducing death from cardiovascular diseases and stroke by 20 percent by the year 2020.” To make sure it gets there, the AHA recently launched an open innovation and crowdfunding challenge, which seeks “new innovative tools to prevent or manage heart disease and stroke.”
Crowdfunding is sometimes touted as a solid stepping stone to further funding from VCs and angel investors. To see if there's truth to this, CB Insights looked at the most successful hardware crowdfunding campaigns on Kickstarter and Indiegogo, and whether they were successful in getting more money following their campaigns.
Tilt, the San Francisco-based crowdfunding platform formerly known as ‘Crowdtilt,’ announced yesterday that it has launched a new tool that enables ESPN fantasy football league managers to collect, manage, and pay out dues. In a Facebook post about the new feature, CEO James Beshara wrote that if “you’re looking for a solution for fantasy league dues, give it a try... it is insanely simple and intuitive. Like, *insanely* simple.”
Advancing Human Rights (AHR), a New York-based NGO, recently launched Movements.org, a crowdsourcing platform that connects dissidents with legal experts, journalists, policy makers, technology experts, and others. The goal is to help dissidents amplify their work, and to spread their stories.