Skip to main content

Crowdfunding today 1/17/13


Crowdfunding News 1/17/13
'Dark snow' project turns to crowdfunding
The Guardian (blog)
There is already much excitement in the arts, media and beyond about the potential of crowdfunding - via sites such as Kickstarter and IndieGoGo – to finance projects that might others have remained an unfulfilled dream. To date, though, few scientific ...
See all stories on this topic »
Crowdfunding Social Enterprises for the Greater Good
Crowdsourcing.org
Last month, crowdfunding portal Crowdfunder launched a new effort to connect social entrepreneurs with impact investors. That's all a fancy way of saying that Crowdfunder has setup a community on its site that allows people to contribute to for-profit ...
See all stories on this topic »

Crowdsourcing.org
Securities law complaints down, but crowdfunding could change landscape ...
Plain Dealer
Under a new securities law signed by President Obama last April, companies are allowed to solicit money in a process known as crowdfunding, without going through the complexity and scrutiny of filing registration documents with the Securities and ...
See all stories on this topic »
Crowdfunding Sites Help People Pay Medical Bills
California Healthline
More people are turning to crowdfunding websites to ask friends, family members and strangers for assistance in paying medical bills. Crowdfunding sites provide people with a digital platform to describe why they need money and post updates to a ...
See all stories on this topic »
Yooli.com Chooses FICO To Provide Risk Management To China's Crowd ...
Daily Markets (press release)
China's crowd-funding business has grown significantly over the past two years. According to Fuscent, there are more than 150 crowd-funding online businesses with annual turnover of RMB 5 billion yuan in China. During a period of rapid growth, the ...
See all stories on this topic »
ClickStartMe.com announces contest to select spokesmodel for crowdfunding site
PR NewsChannel (press release)
ClickStartMe.com, the new website that "puts the fun in crowdfunding," announced a nationwide contest to find a spokesmodel to be the face of its new and rapidly growing business. In their nationwide online contest, ClickStartMe is offering 10 ...
See all stories on this topic »
Food Cooperative Uses Crowd Funding To Buy Property: A Community Rallies ...
STLtoday.com
Isla Vista, CA—This week, on the tails of the United Nations declaring 2012 the International Year of the Cooperative, the I.V. Food Co-op became the first cooperative in history to use crowd funding to purchase its property. More than 1,000 people ...
See all stories on this topic »
Crowdfunding campaign for Azores Bullfinch
Bird Watch
An innovatory 'crowdfunding' campaign has been launched to help the conservation of Azores Bullfinch, one of the Western Palearctic's few endemic bird species. The campaign - entitled Let's save the Azores Bullfinch - runs until the end of February and ...
See all stories on this topic »

Bird Watch
Downtown Napa Arts Space Earns Crowdfunding Support
Patch.com
A former warehouse across West Street from the Napa skate park is emerging as the valley's most intriguing arts nonprofit. Slack Collective Art Studios and Gallery is the brainchild of local musician and arts activist Paul Slack, whose vision of a ...
See all stories on this topic »

Comments

Popular posts from this blog

Crowdfunding Accounting 101 - Revenue Recognition in Crowdfunding

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...

Top 50 Crowdfunding Campaigns: Fifty Most Successful Crowdfunding Campaigns

  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

Top 50 Crowdfunding Campaigns

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...