Wednesday, October 31, 2012

Article: "Why So Little Racial and Ethnic Diversity in Crowdfunding?"

Thought this was an interesting article, reminiscent of:

Why Does the Fed Have So Little Supplier Diversity?

In the Crowdfunding article under review here, "Tides Foundation Program Director Anthony Jewett raises an interesting question about crowdfunding: 'Where’s the color in the crowd?' He acknowledges many crowdfunding success stories in an industry that he says will generate $2.8 billion in funding for start-up and small enterprises this year (nearly double what it generated last year) and he argues that crowdfunding has 'more serious potential to democratize access to capital across the for-profit, nonprofit and political arenas over the long term.' But he is troubled by the lack of people of color in the crowdfunding industry, which is dominated by leaders looking much like the venture capital and private equity industries in terms of ethnic and racial diversity—which isn’t much."

We agree. 

Tuesday, October 30, 2012

Crowdfunding News 10/30/12


Crowdfunding News 10/30/12
 
Could a "fund of crowdfunds" help investors take the plunge?
VentureBeat
What are the legitimate risks involved with crowdfunding as defined by Title III of the JOBS Act? For one, this type of crowdfunding in the US marketplace is a complete unknown. We can learn lessons from other countries that have implemented some form ...
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VentureBeat
From Open Source to Crowdfunding
ComputerworldUK (blog)
Crowdfunding can be defined as a collective effort of many individuals who network and pool their resources to support efforts initiated by other people or organizations. This is usually done via or with the help of the Internet. Individual projects ...
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Crowdfunding For The Rest Of Us
Co.Exist
Of course, she can't--the platform explicitly forbids "fund my life projects" in favor of creative ones--but there's room for her on When You Wish, a crowdfunding platform that connects those with an ask with cash, for pretty much any reason. "If you ...
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Co.Exist
Why So Little Racial and Ethnic Diversity in Crowdfunding?
The Nonprofit Quarterly
He acknowledges many crowdfunding success stories in an industry that he says will generate $2.8 billion in funding for start-up and small enterprises this year (nearly double what it generated last year) and he argues that crowdfunding has "more ...
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RocketHub's Brian Meece talks to Handshake360 about crowdfunding in higher ...
Crowdsourcing.org (blog)
Description Crowdfunding has quickly become one of the most important tools for an entrepreneur to utilize. The problem is, most don't know what it is or how it works. Brian Meece, CEO/co-founder of RocketHub, tells Handshake360 exactly why it's so ...
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My Ten Point Plan For Social Entrepreneurs to Change the World
Forbes
Use crowdfunding. After you've exhausted your own ability to fund your venture, use crowdfunding to raise the money you need for your projects. With each effort at crowdfunding, you can build an audience of followers and fans who will support each new ...
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Forbes
MechWarrior Online to be "a lot better" thanks to crowdfunding
VG247
"The product will be a lot better for players because of the crowdfunding. It's allowed us to maintain a higher level of ongoing development in the product, than if we were waiting for momentum to build immediately after going live. In the next few ...
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Catapult - Drawing the Line Against Gender Inequality
AllAfrica.com
Catapult is the first and only crowdfunding platform dedicated to fund raising for girls and women. We are the first site dedicated to driving funds to projects and organisations that improve the lives of girls and women around the world. Catapult ...
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Crowdfunders Want More EU Support
Wall Street Journal (blog)
By Nick Clayton. Crowdfunding appears to offer a novel and valuable way of raising capital and creating jobs, especially in the wake of the banking crisis which has starved entrepreneurs and small businesses of investment. But providing legislative ...
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Sofar looks to the crowd for more gigs
brand-m.biz
Pop-up gigs outfit Sofar has launched a campaign on crowdfunding site PledgeMusic so that it can put on even more cosy live music performances. Since lighting in 2009, Sofar has played host to laid-back, private concerts in 30 different cities in the ...
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Monday, October 29, 2012

Crowdfunding the Supreme Court

Submitting a brief to the Supreme Court


There is a case before the Supreme Court that will allow every person responsible for the recent financial crisis to escape punishment. The case is Gabelli v. Securities and Exchange Commission and "a decision is expected in the court's upcoming term, which ends in June."

I have decided to file a research paper (called an Amicus Brief) with the Supreme Court explaining why letting these guys go might be a bad idea for the rest of us, but I need your help.

Sunday, October 28, 2012

Crowdfunding News 10/28/12


Crowdfunding News 10/28/12
Anipopo, crowdfunding for anime to be launched
DigitalJournal.com
The Internet has provided a convenient means of procuring revenue, donations, profit, and all other funding. In terms of political campaigning, the Internet has proven to be an invaluable resource as it allowed supporters to directly donate to campaigns.
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Crowd Funding the Man Who Wrote for Tony Hancock Ten Years After He Died
Huffington Post UK (blog)
Robert Ross has written books on the Carry On films, Fawlty Towers, Marty Feldman, The Goodies, Benny Hill, Frankie Howerd, Sid James, Monty Python - the list goes on and on and on. But his latest book Forgotten Heroes of Comedy is not being handled ...
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Animation Crowdfunding Site Anipipo Launching
Anime News Network
The Japanese/Thai IT service development company Goopa launched a preview of its crowdfunding service Anipipo on Thursday. The service, which will be available in English and Japanese, is being developed to exclusively fund animated projects through ...
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My Digital TV UHF Antenna Project [Crowdfunding Project on Pozible]
Crowdsourcing.org
Description In the years since, my filmmaking days, I used to install TV antennas and satellite dishes antenna. We've been more than just a technology business and have finished building and testing a compact prototype digital TV UHF, which is ...
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Friday, October 26, 2012

Crowdfunding News 10/26/12


Crowdfunding News 9/26/12
A Cloudy Forecast: Equity Crowdfunding in Europe [Part 2]
Crowdsourcing.org
Equity crowdfunding in Europe has been touted by many organizations, ours included, as evidence that crowdfunding can work in the U.S. Indeed, platforms like Seedrs and Crowdcube have operated there for several years now. The picture, however, is not ...
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Crowdsourcing.org
How Politics Influences Crowdfunding Behavior
Huffington Post
Here at Indiegogo, we wanted to investigate these political divides in the context of crowdfunding. Specifically, what similarities and differences are there in campaign and contribution behavior across red, blue, and swing states? Using information ...
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Questions Around Crowdfunding
Wall Street Journal
Crowdfunding is a hot topic, and it may turn out to be an important and viable source of seed capital to start-ups. But because it lets small businesses sell equity directly to investors, it may also turn out to be a headache for the brokerage business ...
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Crowd-Funding For Everything Else: Pets, Healthcare, College, You Name It
Co.Exist
Crowd-Funding For Everything Else: Pets, Healthcare, College, You Name It. As crowd-funding becomes more popular, people are starting to use it for things beyond their album or meaningful project. Maybe you just want some people to help pay for your ...
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Co.Exist
SBAC Financing Option for Entrepreneurs
Fox Business
Members looking for a crowdfunding loan with SBAC would apply for the amount they want and then set a cap on the amount of interest they are willing to pay. People bid on the loan and the interest rate they will charge. Pledges keep accumulating until ...
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Begging for Change: Local Developers Use Crowdfunding to Build Game About ...
Techvibes (blog)
Ideally, art is a mirror: films, songs, paintings and sculpture reflect the truth back at us and give us pause for thought about aspects of our lives and selves we might otherwise turn away from. If games are ever to be fully recognized as works of art ...
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Crafting a bamboo phone: ADzero's journey from concept to crowd-funding reality
The Verge
In mid-September, the worst nightmares of AD, the company behind the ADzero bamboo phone, came true. AD's production prototypes revealed a fatal flaw: the bamboo cases — the phone's key distinguishing feature — were splintering. To make matters ...
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Tuesday, October 23, 2012

Crowdfunding News 10/23/12


Crowdfunding News 10/23/12
Using Crowdfunding to Start a Company With a Cause
New York Times (blog)
They started out pitching themselves to Kickstarter for a crowdfunding campaign and were turned down. Determined not to give up, the sisters reached out to a niche crowdfunding site, MedStartr, that specializes in projects and start-ups that involve ...
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New York Times (blog)
Bay Area Startups Await Crowdfunding Regulations
NBC Bay Area
Currently, crowdfunding websites are limited to rewards-based models like Kickstarter, where people can donate money in exchange for goods. An individual soliciting donations to support the production of a documentary, for example, might give free ...
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Crowdfunding Startup Gets Its Own Venture Capital
Wired
You might think that VC firms in Silicon Valley had all the leads on the next big thing they needed. You'd be wrong, which explains why new crowdfunding outfit Funders Club just raised $6 million from a gang of expert early-stage investors, including ...
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Pop Acts Go to the Highest-Bidding City
New York Times
Some crowdfunding sites are starting to change this geography, however, letting fans raise money to bring their favorite bands to town and mitigating artists' risk in traveling to new places. On Tuesday Mr. Bird's fans in Latin America can start ...
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Crowd Funding Watch: Political Cartoonist Matt Bors' 'Life Begins At ...
ComicsAlliance
ComicsAlliance: Why did you decided to use a crowd-funding platform over going through a traditional publisher for Life Begins at Incorporation? Matt Bors: Publishers aren't interested in anthologies as much these days, especially political cartoons ...
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Alumni share crowdfunding tips ahead of CEE seminar
Illinois State University Stories
Web-based crowdfunding, on sites such as Kickstarter and indiegogo, has matured from a novel fundraising tool into a vital resource for thousands of businesses and artists. On Kickstarter alone, more than $350 million has been pledged by more than 2.5 ...
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Illinois State University Stories
Crowdfunding IVF: A new way to afford treatment?
BabyCenter (blog)
Up until a few days ago, I never considered that I could play a role in getting another woman pregnant. My parts just don't work that way. Through the powers of Facebook, however, I bumped into Cherie MacLean, a friend of a friend who has turned to ...
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BabyCenter (blog)
Crowdfunding: there may be trouble ahead as Kickstarter launches in the UK
Digital Arts Online
Crowdfunding has been hailed by creatives as an exciting new way to raise capital for self-generated projects, allowing entrepreneurs to crowdsource investment from friends, family and third-party investors. But some industry professionals are warning ...
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Crowdfunding expert joins Good Innovation
UK Fundraising
Crowdfunding pioneer Ryan Bromley has joined innovation consultancy Good Innovation to help other charities develop their digital and social media impact. He joins from Cancer Research UK (CRUK) where he was Online Community Manager. While there ...
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Crowd Funding for Sauerkraut in Ann Arbor
Michigan Radio
Credit http://www.kickstarter.com/projects/1396675400/40-barrels-in-40-nights?ref=live. Kickstarter Web page for Sauerkraut fundraiser. An Ann Arbor pickling business hopes "crowd funding" will pay for a lot of sauerkraut – 12 thousand pounds to be exact.
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Tuesday, October 2, 2012

Crowdfunding 10/2/12


Crowdfunding News 10/2/12
Ben Bernanke's QE3: The Best Thing for Crowdfunding Since the JOBS Act
Forbes
On September 13th, Federal Reserve Chairman Ben Bernanke announced a third round of quantitative easing (QE3), which came in the form of an open-ended commitment by the Fed to purchase $40 billion of mortgage debt per month until the job market ...
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Crowdfunding Rescues Provocative South Korean Film
Sci-Tech Today
Corporate investors had shunned the South Korean revenge movie 26 Years, due to fears about investing in such a politically sensitive movie ahead of the presidential election this year. Now, online donations -- known as crowdfunding -- have saved the film.
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Sci-Tech Today
Crowd funding for business start up has advantages
Corpus Christi Caller Times
ANSWER: There are two crowd funding sources. The congressional "Jumpstart Our Business Startups Act" will allow businesses to sell equity stock to small investors online. The Securities and Exchange Commission regulations governing stock sales will be ...
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CrowdHut Launches First Ever Platform For Crowdfunded Innovations
The Herald | HeraldOnline.com
CrowdHut is changing the crowdfunding industry and leading it into a bright future by giving entrepreneurs guidance after having ran a successful crowdfunding campaign. Bloomberg News has referred to CrowdHut as the future of crowdfunding.
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Tesla Museum Campaign Ends, Sets Indiegogo Crowdfunding Record
Crowdsourcing.org
The Oatmeal's crowdfunding campaign to build a museum celebrating scientist Nikola Tesla ended over the weekend, having raised a total of $1.37 million. This makes it the most successfully funded campaign on Indiegogo, nearly doubling the $702,000 ...
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Crowdsourcing.org
Followup: Meander's Kitchen crowdfunding campaign, as work begins at new ...
West Seattle Blog (blog)
P.S. Her crowdfunding pitch, by the way, isn't a simple case of "give me money." As many do with these types of campaigns, she's offering gifts for donors at various levels, such as her homemade ketchup for $30 donors and a private dinner party for ...
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West Seattle Blog (blog)
Making Sense of the JOBS Act and Crowdfunding [Infographic]
Business Insider
Every day at my company Fundable, we get the chance to speak to entrepreneurs across the country. We love hearing about their innovative ideas, witnessing their hard work in action, and answering their questions about what it takes to create and grow a ...
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Veteran using "crowdfunding" to help open whiskey distillery in South Bend
ABC 57 News
SOUTH BEND, Ind. – A local army veteran plans to start a whiskey distillery, the first of its kind using purely Indiana ingredients, in South Bend. Charles Florance was inspired to start The Indiana Whiskey Company after being hospitalized for Guillain ...
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EventTilt: Crowdfunding for Events
Small Business Trends
Crowdfunding sites like Kickstarter have already become widely used to help startups and individuals fund new products and initiatives. But now online ticketing startup Picatic is offering a similar opportunity for event planners, promoters, and venues ...
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Small Business Trends



--
My new book: The JOBS Act: Crowdfunding for Small Businesses and Startups
http://www.amazon.com/The-JOBS-Act-Crowdfunding-Businesses/dp/143024755X

Also see our crowdfunding webinar: jobsact.eventbrite.com


Monday, October 1, 2012

How To Crowdfund

Crowdfunding, getting investments and donations from individuals via the internet, has taken off, giving individuals who have, until now, been shut out of funding markets access to much needed cash. It will especially help socially responsible individuals and those seeking to fund socially responsible projects. These are exactly the types of projects that have had an extraordinarily difficult time raising capital in the current economic downturn. 

In my new book on crowdfunding (The JOBS Act: Crowdfunding for Small Businesses and Startups, published by Apress) I discuss how to raise money online. For those with an interest, let me offer a few hints.

1. In my book, I use data provided by GoFundMe, a crowdfunding website, that shows the average successful campaign initiator had 482 friends on Facebook. This suggests that successful campaigns will bring the first part of the crowd with them. Here’s what I think is going on. Your friends and family don’t have to fund your entire campaign, but they must vouch for you. Your Facebook friends provide social data that validates your identity and your character. It turns out that this social media provided validation is critical to any crowdfunding effort. The bottom line:  crowdfunding is about the crowd, and you must have at least the beginnings of one to be successful.


2. Modesty pays. On average, GoFundMe campaigns raised $1,126.00. This is a modest amount. It is very unlikely that you are going, like Pebble Watch, to raise $10 million online. You might, but is is unlikely. The bottom line: start small.

3. Certain types of solicitations work. On GoFundMe, Medical, Education and Volunteer projects make up 47% of projects on the site. Other crowdfunding websites have different focal areas and specialties. Do your homework. Review all of the major Crowdfunding websites. Bottom line: make sure you post your project on the right site.

Of course, these are just hints. Crowdfunding is complicated. It requires discipline and skill.

If you think this has been useful, please "like" our Facebook page: http://www.facebook.com/CrowdfundingBook 

I'll have more to say about crowdfunding at our webinar on How to Crowdfund. To register, go to: http://jobsact.eventbrite.com