2,790 crowdsourcing and crowdfunding sites
When asking the crowd to submit ideas that may eventually be used as a part of a marketing campaign, companies need to make sure they’re protected from any intellectual property issues that may arise at a future date. What are the potential legal concerns that may arise, and how does a crowdsourcing platform work around these issues? eYeka’s Eric Favreau addressed just these types of questions in a recent webinar called ‘Creative Crowdsourcing From A Legal Perspective.’
Organizations that rely on the crowd may put themselves in a potentially sticky legal position. That’s why n0tice, a user generated content management tool that’s built specifically for news organizations, recently put out a white paper called ‘The Legal Risks of UGC.’
With banks hesitant to lend to small businesses, entrepreneurs are beginning to turn to peer-to-peer (P2P) lending platforms. One of the most prominent players in this field is Funding Circle, which made headlines recently when it raised a $65 million funding round to continue to beef up its operations in the UK and the US. One of the advantages crowdlending platforms tout over banks is speed. To show exactly how long it typically takes to secure a loan via Funding Circle vs. a traditional bank, Funding Circle put out the following infographic.
Crowdfunding has exploded over the past few years, as Kickstarter and Indiegogo campaigns raised millions of dollars and the JOBS Act promised to open angel investing to the masses. The company BusinessProfiles recently put out a good infographic showing some of the emerging industry trends, including self-run campaigns, niche platforms, and international expansion.
Since early 2013, the Canadian Climate Change and Emissions Management Corporation (CCEMC) has been working with NineSigma, the open innovation intermediary, on an international ‘grand challenge’ to find new uses for carbon. In April, CCEMC held an awards ceremony to announce the 24 winners of the first round — four more than initially anticipated.
The BuildTheTip campaign aims to immortalize the defensive play made by Richard Sherman in the NFC Championship game against the 49ers, when Sherman tipped the ball away from Michael Crabtree in the end zone. Had Crabtree made the catch, the 49ers would likely have advanced.
Crowdcube announced that it completed its latest, £1.2 million ($2 million) self-run crowdfunding raise in just 16 minutes. The crowdfunding campaign was just a part of a larger, £5 million ($8.5 million) Series B round, which also saw Balderton Capital invest £3.8 million ($6.5 million) last week.
We take a look at Squishable, a company that has been asking its community for toy design input since it launched back in 2007. Plush toys aren’t the first thing most would associate with crowdsourcing, but 'Chief Squisher' Zoe Fraade-Blanar thinks they are a fantastic fit, and tells us why.
The real estate equity crowdfunding market is growing fast in the US. A number of platforms have come online in the past year, and they are attracting both investor and issuer interest. That, in turn, has convinced VCs and angels to back the platforms, further legitimizing the young industry and fueling growth. Now, another player has joined the ranks.
Yesterday, Crowdcube, one of Britain’s leading equity crowdfunding platforms, announced that it has raised £3.8 million ($6.5 million) of a £5 million ($8.5 million) round. The rest of the cash Crowdcube will be raising on its own platform -- the campaign will open on Tuesday.
We recently reached out to Pauliina Seppälä, co-founder of the Finnish rewards-based crowdfunding platform Mesenaatti with some questions about her platform, as well as the crowdfunding scene in her country, in general. Check out her responses after the jump!
Funding Circle, the online peer-to-peer lending platform for small business, announced last night that it has raised a $65 million Series D round. The round was led by Index Ventures, with previous investors Accel Partners, Union Square Ventures, and Ribbit Capital also participating.
Real estate crowdfunding is hot these days: VCs investing in the startups, and accredited investors are taking note of the opportunities on existing platforms. We profile Patch of Land, a real estate debt crowdfunding platform that launched in October 2013.
Lending Club, one of the leading peer-to-peer lending platforms around, announced last week that it recorded its first billion-dollar quarter. The company has now facilitated over $5 billion dollars in loans since it was founded back in 2007.
OurCrowd, the Jerusalem-based equity crowdfunding company, announced today that it has helped startups on its platform successfully raise $60 million since launching early last year. The company’s portfolio is made up of 46 startups. Twenty have raised over a million dollars, and four of those have raised over $3 million.
RapGenius, the crowdsourced lyric annotation site, announced on Friday that it has raised $40 million round led by Dan Gilbert, changed its name to just Genius, and introduced a new feature that allows users to make their own sites annotatable.
The International Astronomical Union (IAU) has launched an initiative called NameExoWorlds that invites astronomy organizations and groups to submit names for 305 planets outside our solar system that were discovered before December 31, 2008. After the names are submitted, the crowd will be able to vote on the suggestions.
Having a creator explain the methodology behind a crowdsourcing project can be highly useful when the campaign is successful. But perhaps it's even more helpful when the project is not as engaging as its creators hoped it would be. That’s exactly what Doug Reside of the NYPL does in his paper ‘Crowdsourcing Performance Arts History with NYPL’s Ensemble.’
The platform’s Q1 numbers weren’t very inspiring, though there wasn’t too much cause for concern. Backers were reluctant to spend after the holiday season, and Kickstarter was hacked in mid-February, which may have given some potential backers temporary pause. That’s all a distant memory now, and it’s encouraging to see a bounce-back on Kickstarter’s part.
Thinking about crowdfund investing, but don’t know how to get started? RockThePost, the New York-based equity crowdfunding platform that has helped startups on its platform raise more than $65 million, is hosting a webinar on Tuesday, July 15 at 7pm Eastern (4pm Pacific) to help educate individuals thinking about investing in startups.