2,901 crowdsourcing and crowdfunding sites
The Pebble team, responsible for the highly successful Pebble smartwatch campaign that was Kickstarter’s first seven-digit project, is back on Kickstarter, and it's offering backers the chance to pre-order its new Pebble Time. The campaign, which launched yesterday, has topped $9 million in pledges, and has already broken one record, according to Kickstarter.
Exploding Kittens, a card game from Elan Lee, Shane Small, and the Oatmeal’s Matthew Inman, wrapped up its record-breaking Kickstarter campaign with a total of $8.78 million dollars raised. The campaign more than doubled the previous record (held by Reading Rainbow) for the number of backers, finishing with nearly 220,000; it is also the third most funded campaign on Kickstarter, behind only the Coolest Cooler and the Pebble smartwatch.
Crowdfunding is finally reaching the mainstream, with campaigns regularly making the news, breaking and re-breaking old records, and introducing innovative products to market. But the new way of funding projects and companies is only beginning to tap its potential. In the US and in much of the world, for instance, equity crowdfunding is just starting to take shape. Where does crowdfunding (of both financial and non-financial nature) stand now, and how far can it go? That was the topic of a panel at the Crowdfunding Asia Summit, which recently took place in Bangkok.
The third annual Silicon Valley Crowdfunding Conference is taking place in just over two weeks, on March 5 and 6, at the Computer History Museum in Mountain View, California. This year’s conference is titled ‘The Rise of Alternative Finance.’ The topics discussed will range from equity crowdfunding on the global level and real estate crowdfunding, to the effect of digital currencies on crowdfunding.
CloudFactory, the crowdsourced labor platform, announced on Friday that it’s received a $2 million Program Related Investment from the Rockefeller Foundation. The investment will go toward expanding the company’s SpeakerText service, which enables customers to get video and audio files transcribed. CloudFactory had previously secured a $3 million in a Series A round in October.
The Monetary Authority of Singapore (MAS) published today a consultation paper that sets out the basic framework for a potential equity crowdfunding regulation in the country. The authority is now soliciting comments from interested parties; the comment period will end on March 18.
As crowd-powered business models prove to be more effective, they are piquing the interest of companies, governments, and organizations that have not yet worked with the crowd. Crowdsourcing.org and Massolution founder and CEO Carl Esposti recently presented a grounding speech at the CrowdFunding Asia Thailand Summit 2015. Among other topics, Esposti discussed different ways of engaging the crowd, presented use cases of large enterprises making use of crowdfunding, and offered projections on where the crowdfunding space is moving, based on the upcoming 2015CF Crowdfunding Industry Report.
Earlier this month, the freelancer marketplace Sribulancer released an infographic showing some of the stats around the workers on its platform, helping to paint a picture of the freelancer marketplace in Indonesia. The company surveyed 1000 users, roughly a tenth of the 10,000 registered freelancers on the platform. Check out the infographic after the jump.
The UK’s FCA published this week a document titled ‘A review of the regulatory regime for crowdfunding and the promotion of non-readily realisable securities by other media.’ The document examines the crowdfunding landscape in the country, looking specifically at how well crowdfunding and peer-to-peer lending firms are following the rules that were laid out by the FCA in March of last year.
In late October, Reddit, the popular community-driven news site, announced some exciting news: it was launching a crowdfunding platform called RedditMade. Only three months after the announcement was made, however, the company is ending its crowdfunding experiment.
Funding Circle, one of the leading peer-to-peer lending platforms, announced earlier this week that it has launched a fractional loan marketplace in the US. The new marketplace allows lenders (currently, only accredited investors are allowed to participate) to diversify their loans, helping to reduce their overall risk. We speak with co-founder Sam Hodges about how the new product came to be, and what it means for lenders and borrowers on the platform.
Matthew Inman, the creator of the Oatmeal, is no stranger to crowdfunding — and it seems that every time he launches a campaign, he makes crowdfunding history. Inman’s latest crowdfunding project is Exploding Kittens, a card game, and yesterday it broke Kickstarter’s record for the campaign with the most backers.
The annual Sundance Film Festival is a fantastic opportunity for independent filmmakers and actors to showcase their talents to the world, and crowdfunding is playing an increasingly large role in helping the films make it to the prestigious festival. We take a look at how crowdfunding is affecting this year's festival, and what platforms are doing to make themselves more appealing to filmmakers.
Waze is known for helping its millions users worldwide to avoid traffic, find gas stations with the lowest prices, and point out any potential hazards on the road. The app also allows users to map police officers that they see while on their journey. That’s starting to become a point of contention, with some officers expressing concern that the feature promotes police stalking.
Tongal, the video crowdsourcing company, enjoyed a strong 2014. The company grew its community by 120 percent, completed 270 projects, and saw five of its community-produced short films premiere at the Sundance Film Festival. Tongal recently released an infographic showing some of its successes of the past year -- check it out after the jump!
The Royal Bank of Scotland announced yesterday that it's partnering up with two leading peer-to-peer lending platforms in the UK, Funding Circle and Assetz Capital. The deal brings further legitimacy to the P2P lending space.
Crowdsourced Super Bowl ads are nothing new. Two years ago, it seemed like everyone was doing it and several brands are once again turning to the crowd to make a splash in America’s biggest annual television event. Perhaps the most innovative crowdsourced ad campaign this year belongs to Newcastle Brown Ale — a brewery based in the United Kingdom.
TLC, the legendary R&B and hip hop group, announced this week that they’re putting out a new, fifth album, which will also be their last. To help make it possible, the duo has turned to the crowd, asking for fans to pledge money toward the album on Kickstarter. The campaign is off to a fast start, having already collected $110,000 of its $150,000 target.
Lending Club, the San Francisco-based crowdlending platform, announced yesterday a pilot program with search giant Google to provide low-interest financing to eligible Google partners.
2015 marks the 800th anniversary of the Magna Carta, an occasion that will surely inspire countless historians, researchers, and political theorists to look back at the charter and evaluate its place in history. One department of the London School of Economics and Political Science, however, wishes to use the anniversary to look forward and attempt to improve on the current state of the political system in the UK.