Skip to main content

Crowdfunding News

Image
By
Crowdfunding News 9/9/12
Crowdfunding: an introduction
UK Fundraising
Crowdfunding is an empowering alternative to grant applications. Crowd funding can be for a variety of purposes - getting a project off the ground; refurbishing a building; financing a film or exhibition or funding a startup company or small business ...
See all stories on this topic »
The First Kickstarter Satellites
Science 2.0
We are in a new space revolution, and in the past two years, several people have used the Kickstarter crowd-funding platform to try to get into space. Not all succeeded. Let's look at the current standings. They are, in order of kickstarter: Team ...
See all stories on this topic »
Kickstarter is becoming a fertile ground for remakes of old games
Ars Technica
Crowdfunding platforms like Kickstarter have been a powerful force in connecting innovative and risky new ideas with the backing that traditional sources of capital may not be willing to offer. But there's a second front to this battle, promising the ...
See all stories on this topic »
Ars Technica
Crowdfund a Homestuck video game, gruesome dog costumes, and Golden Age ...
io9
Crowdfund a Homestuck video game, gruesome dog costumes, and Golden Age baked goods Kickstarter has been on fire this week thanks to a single word: Homestuck. The uber-popular webcomic has a video game in the works, and you can help get it off ...
See all stories on this topic »


Labels:

Comments

Post a Comment

Popular posts from this blog

Crowdfunding Accounting 101 - Revenue Recognition in Crowdfunding

By
A start-up using crowd funding to create a product is different from a normal company. The start-up has cash inflows from donations but does not have a product, yet. In this situation, we recommend using completed-contract method to recognize revenue. Under this way of thinking, we assume the start-up is akin to a project or a long-term contract. The crowdfunding company will find it difficult to estimate the revenue from crowdfunders and, hence, the cost of rewards or perks. Under International Financial Reporting Standards (IFRS) and GAAP guidelines, if the firm cannot reliably measure the outcome of the project, revenue should be recognized based on contract costs. These costs should be expensed when incurred. Profit is recognized only at the completion of the project. In summary, for crowdfunding companies, revenue, expense, and profit are recognized only when the crowdfunded product is actually manufactured. 1 For example, assume that AAA Corp. wants to manufacture bicyc...
Post a Comment
Read more

Top 50 Crowdfunding Campaigns: Fifty Most Successful Crowdfunding Campaigns

By
  Top 50 Crowdfunding Campaigns: Fifty Most Successful Crowdfunding Campaigns Kindle Edition https://www.amazon.com/gp/product/B00RKK4NL0/ref=dbs_a_def_rwt_bibl_vppi_i0
Post a Comment
Read more

Top 50 Crowdfunding Campaigns

By
The chart below results from an analysis of the Top 50 crowdfunding campaigns on Indiegogo, 'Top' measured by total dollars raised. The X axis shows the dollar amount of the reward or  perk ($1 to $10, $11 to $20, etc.) The Y axis shows the cumulative number of rewards/perks collected across all 50 campaigns, so the chart shows that, for the top 50 crowdfunding campaigns on Indiegogo, 100,000 rewards/perks with a  value ranging from $1 dollar to $10 dollars were selected by supporters.  Normally, we might expect this chart to be convex, declining steadily from $1 to $5000. This is not what we see, however. It seems that people are willing to donate small dollar amounts, up to about $50, and then contributors look to donate at least $100. What's going on here? To explain this phenomenon, classify backers into two categories: 1. The first category are people who simply want to help. They donate less than $50 dollars and do not donate for the reward (normally a T-shi...
2 comments
Read more