2,942 crowdsourcing and crowdfunding sites
Duolingo, the popular language-learning company, announced yesterday that it has launched the Duolingo Quick Test, a free assessment that can help individuals test their English language proficiency. After completing the test, users have the option of displaying their score on their LinkedIn profile. The test takes around 20 minutes to complete and some parts can be tricky even for fluent speakers.
Kiron University, a Berlin-based social enterprise, has launched a crowdfunding campaign to allow refugees to get access to higher education. The online university is looking to raise as much as €1,200,000 ($1,340,000 million) over the next two months to create a two-year program in partnership with massive open online course providers, followed by a one or two year program at a partner university.
Crowdcube, one of the leading equity-based crowdfunding platforms in the UK, announced yesterday that it has passed the £100 million ($152 million) successful funding threshold. The company also revealed that it has paid back investors over £600,000 in 2015, with the returns being generated by the platform’s first successful exit, E-Car Club, as well as interest payments made by various mini-bonds that the platform has made available on its platform.
WealthMigrate, one of the leading global real estate crowdfunding platforms, announced late last week that it’s opening up an office in Shanghai. It’s the second office in the region for the real estate platform, which also has an office in Singapore. The office is meant to expand the company’s footprint in China, which has a burgeoning crowdfunding scene, and to help the country’s investors get access to real estate opportunities in overseas markets.
This year, Kickstarter is taking its film festival across the nation, having paired up with 32 cinemas in 31 cities. The festival will take place on October 15, and will show five films, two feature-length ones, and three shorts.
Over the past few years, the Foundation has backed a number of crowd-powered projects and startups, and this year is no different. Earlier this month, the organization backed its latest 22 projects; each one received $35,000 in seed funding. Looking at the winners, two themes emerge: data and crowdsourcing.
Motivating users to participate in competitions or to complete tasks is a crucial role of crowdsourcing intermediaries. The most straightforward way to motivate a crowd is through payment. Gamification can also play a role, with members of the crowd competing to grab the top spot on a leaderboard. But what else serves as motivation? A new research paper in the Journal of Management Studies looks to answer just that question.
Pubslush, the niche crowdfunding platform for books, announced yesterday that it has been acquired by Colborne Communications; the deal will be finalized on Monday. It’s a fortuitous turn of events for Pubslush, which only last week sent out a message to its members informing them that the platform would shutter today.
It should come as no surprise that Brazil, one of the largest economies in the world, has a rapidly growing crowdfunding ecosystem. Brazilians are entrepreneurial and social media savvy. At the same time, the entrepreneurs see numerous obstacles to funding — especially those under 40. Crowdfunding capitalizes on the citizens’ strengths to open up access to funding, so it’s natural to see artists, project leaders, and entrepreneurs raising money on one of Brazil’s many rewards- and donation-based platforms. What is less known, however, is that Brazil also has a budding equity crowdfunding scene. We speak with EqSeed's Greg Kelly to find out more.
Over the past few years, a number of platforms and consultants have put out pamphlets, blogs, and books about the keys to crowdfunding success. We share six free resources (focused on rewards-based crowdfunding) that project creators can turn to in order to get up to speed on what it takes to create a potent crowdfunding campaign. Creators should keep in mind that each project is different, so no guide will be a perfect blueprint.
Crowdfunding is a growing topic of academic research — and when smart people have something to say about the emerging method of financing, it’s always a good idea to pay attention. Recently, we came across a highly interesting article by Brian Frye, a professor at the University of Kentucky’s College of Law. The research, published in the Oregon Law Review, examines how crowdfunding can help to solve ‘charity failures,’ or charitable donations market inefficiencies.
Crowdtesting is rapidly becoming a very crowded field, with both established companies and newcomers looking to stand out from the competition by offering unique services and better results. Ubertesters is somewhere in the middle of that spectrum, having launched in early 2013. Since then, it has built up a community of “many thousands of testers” in over 80 countries, cofounder and CEO Ran Rachlin told Crowdsourcing.org. We take a look at how it differentiates itself from its competitors.
RocketHub and Ovation, a US TV network for artists, have joined forces to launch Creative Studio, an initiative to help fund and spotlight three crowdfunding projects. The winners will receive $5000 toward their projects, and may appear on TV to promote their campaigns. Creative Studio also promises to provide pre-launch tips and training, as well as marketing support throughout the process.
Tim Draper, the well-known Silicon Valley entrepreneur and investor, announced on Monday the final four ideas for the Fix California Challenge, a crowdsourced initiative to improve California’s governance. The challenge is the first initiative executed by Innovate Your State, a non-profit founded by Draper to encourage public participation in government.
Joel Peterson believes gamification can be used in the realm of crowdfunding, and he founded the ‘game-based crowdfunding’ platform Guess for Good to test his hypothesis. To find out more about the platform, 'game-based crowdfunding' more generally, and the company’s recent launch campaign, we reached out to Peterson to ask a few questions.
Late last month, the US Department of the Treasury announced that it’s seeking comments on online marketplace lending, also known as peer to peer lending. Only three comments have been published thus far.
As crowdfunding continues to mature, more and more players are entering the marketplace to provide support services for issuers, intermediaries, and investors. One new player, DealIndex, recently released a report highlighting key trends and providing data around crowdlending and equity crowdfunding. We take a look at the findings.
Two of UK's leading equity crowdfunding platforms, Seedrs and Crowdcube, announced that they've raised capital of their own over the past few days. We take a look at the deals, after the jump.
When a company decides to engage the crowd, getting a large number of responses is typically one of the main goals. The reasoning behind that is intuitive: by casting a wide net, a company increases the chances of finding a quality solution. But is getting a ton of responses really all that great? A new research paper shows the potential negatives of attracting a crowd too large.
In April 2014, Washington’s Attorney General Bob Ferguson decided to take Ed Polchlopek (also known as Ed Nash) to court. The reason? Polchlopek, president of a company called Altius Management, raised over $25,000 for a Kickstarter campaign for a deck of playing cards called Asylum. After missing the December 2012 deadline and several months of empty promises, the creator went silent in July 2013. Two years on, Polchlopek has now been ordered to pay over $54,000 for not delivering on the campaign’s promises.