Friday, December 26, 2014

Mystery Star Over Bethlehem


Star of Bethlehem
Astronomers Baffled. Does this indicate an unusual occurrence on Earth?

Sunday, November 30, 2014

William Michael Cunningham Talks Crowdfunding on Next Word TV

Fwd: DC Crowdfunding Events!


National Crowdfunding Services, LLC. December 1, 2014. Volume 4. Number 22.

National
CROWDFUNDING

CROWDFUNDING FOR dc, minority and women businesses

This newsletter is being sent to you because you signed up at National Crowdfunding Services, BlackCrowdfunding.net or MinorityFinance.com

DC Crowdfunding!

Shiloh Baptist Church holds a shopping expo every year at the Shiloh Family Center, 1510 9th Street, NW, Washington, DC. This year, we attended with DC Gives More, "an initiative to bring together a diverse and dedicated group of local organizations to raise awareness for #GivingTuesday and to help reach generous fundraising goals for Washington, DC."

The Shiloh event was fantastic, and it does not stop here. It will be held on the weekends of December 6, 13 and 20. 


other events and news


Financing Options for Startups and Small
Businesses.


On Saturday, 12/6/14, from 9:30 a.m. to 12:30 p.m. the National Council of Negro
Women, Inc. (NCNW) will hold a seminar of Financing Options for Startups and Small
Businesses. The event will be held at the Dorothy I. Height Building, 633 Pennsylvania Avenue, NW,
Washington, DC. Free, but you must register by close of business on Tuesday, December 2 at hackshawncnw@gmail.com



Next DC Equity Crowdfunding Meetup 12/3/14 at 7pm

We held the DC Crowdfunding Challenge  launched the DC Equity Crowdfunding Meetup Group several weeks ago to facilitate the development of equity crowdfunding in DC.

Our next meeting is on Wednesday, December 3, 2014 at 7 pm. Mr. Theodore Miles (left), Assistant Director, DC Department of Insurance, Securities and Banking, the agency responsible for regulating equity crowdfunding in DC, will speak about the new regulation allowing equity crowdfunding in DC. Wednesday, 12/3/14. 7:00 p.m. DC Equity Crowdfunding Offerings? Mellow
Mushroom, 2436 18 Street, NW, Washington, DC. Free. RSVP at:
http://www.meetup.com/DC-Equity-Crowdfunding-Meetup/events/218894597/

Four DC businesses use crowdfunding in support of innovative projects!  

National Crowdfunding Services (NCS)  introduces several DC-based entrepreneurs and business owners to crowdfunding every month via the "Washington DC Crowdfunding Challenge", an initiative created by NCS and supported by the DC Government. At our most recent event, four DC-based individuals and businesses launched crowdfunding campaigns in support of innovative projects and products:

City Fitness Gym, owned by Dega Schembri and Lucinda LaRee, is a local company founded in 1983. They are seeking help City Fitness to stay an independently owned neighborhood gym. http://igg.me/at/cityfitness

Wanda's on 7th is crowdfunding a new product, Shirley's Secret, made with peanut oil and sage, Shirley's Secret "Keeps hair moist, strong and healthy."  http://igg.me/at/wandas

Uniontown Bar and Grill is seeking to bring communities together. Uniontown wants to be known as a venue for bringing jazz musicians from all over the US to Anacostia. http://igg.me/at/uniontown

African Heritage Dancers & Drummers has launched a campaign to create an archival book detailing and describing the origins and history of African Dance in America. http://igg.me/at/africanheritage

For more, please see: http://www.slideshare.net/wmcunningham/nov-18-dc-crowdfunding-challenge-press-41867326


Schedule an appointment
Learn more or to start crowdfunding (nominal fee): https://nationalcrowdfundingservices.acuityscheduling.com/


Our New app! 
We have created a small app for National Crowdfunding. Please download it and let us know what you think: 
http://ncsdca.appsme.com





 


Equity Crowdfunding Video and Top 50 Crowdfunding Report

National Crowdfunding Services, LLC has been actively working to make sure DC residents are fully informed. These efforts include a Video on Equity Crowdfunding: http://youtu.be/HfZuroZG51Y

National Crowdfunding Services has also been actively researching crowdfunding, having recently published a unique analysis of the Top 50 Crowdfunding Campaigns.
Avg Raised by the Top 50 Crowdfunding Campaigns
The report, available online, notes that the best crowdfunding campaigns are about something people can't get anywhere else, at any price. They also are about something that makes life better for someone else.

For more information or to schedule a consultation, contact wmc@nationalcrowdfundingservices.com or call 202-455-0430.


Other Crowdfunding Articles and News:

Subscribe to Crowdfunding Now!
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Copyright (C) 2014 Creative Investment Research, Inc. All rights reserved. 
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Note: Not an offer to buy or sell securities. Past performance is no guarantee of future results. Investing, even socially responsible investing, involves risk. All information from sources believed reliable, but the Advisor is not responsible for errors contained herein. 
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Speaking: http://www.williammichaelcunningham.com
Crowdfunding: http://www.Nationalcrowdfundingservices.com
Twitter: @CreativeInv

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

866-867-3795

"Evil is not driven out, but crowded out...through the expulsive power of something good. " MLK

This communication (including all pages in this email and any attached document) are for the sole use of the intended recipient and may contain confidential information. Unauthorized use, distribution, disclosure or any action taken or omitted to be taken in reliance on this document is prohibited, and may be unlawful.  By inadvertent disclosure of this document Creative Investment Research, Inc. and William Michael Cunningham do not waive confidentiality privilege with respect hereto. This writing/publication is a creative work fully protected by all applicable copyright laws, as well as by misappropriation, trade secret, unfair competition and other applicable laws. No copyright is claimed in the text of statutes, regulations, and any excerpts from others' reports or articles quoted within this work. Copyright©2014 by William Michael Cunningham and Creative Investment Research, Inc. All rights reserved – including the right to reproduce in whole or in part in any form.

Thursday, November 20, 2014

Impact of Mid-term Elections on Crowdfunding

The 2014 Midterm elections were a sweep for the Republicans. What is the impact on crowdfunding?

The breakout of the US Congress post-election is:

House of Representatives -186 Democrats, 244 Republicans
Senate - 46 Democrats, 53 Republicans (shown below):

The Republican majority in the House is significant. In political reality, this means that the Republicans control the government.

Legislative priorities identified so far include:
 ·       Significant tax reform
·        Health care
·        401K reform
·        Obama care repeal
·        Increase in number of visas granted to the high tech industry
·        Copyright protection

Note that crowdfunding is not on this list. Nor is small business. 

Conventional wisdom states that Republican control means a pro-business atmosphere. While this should be good for crowdfunding, the disruptive impact that crowdfunding has on large financial institutions may be a barrier. We know that large financial institutions, with much to lose from crowdfunding, are well represented by the Republican Party. The Republican Party is the party of big, not small, business. These large institutions will seek to slow the adaptation of crowdfunding.

Opinion by William Michael Cunningham

Research by Jing Chen & Jianning Zhang, Masters Candidates in Accounting, Smith School of Business, University of Maryland. They are both Crowdfunding Research and Development Interns, NCS, Fall, 2014. 

Tuesday, November 11, 2014

NCS App

We have created a small, summary application providing information on NCS and the Top 50 Crowdfunding campaigns. Download at: http://ncsdca.appsme.com or click on the picture below.

NCS App

Friday, October 24, 2014

Top 50 Crowdfunding Campaigns


The chart above shows an analysis of the Top 50 crowdfunding campaigns, '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. To see the exact number of rewards taken at each range, click on the red bars in the chart. For the full report ($129.00) and a description of the crowdfunding tactics that follow from this analysis, see: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=77A2P3AZJ3TA2

Friday, September 26, 2014

Crowdfunding in China: Three key issues

Given different financial environments, legal systems and cultural practices, Chinese crowdfunding is a totally different phenomenon. For example, in the United States, after passage of the JOBS ACT, crowdfunding has legal validation and subsequent protection. In this environment, a crowdfunding platform is free to move toward perfection. With equity crowdfunding on the horizon, investment and return is soon to be a factor in crowdfunding.

But, in China, the crowdfunding environment is still not sound. Compared to the United States, the development of crowdfunding in China is differentiated by three factors. First, innovative projects are harder to find in China than in the United States. Secondly, people in China seem to lack confidence in crowdfunding. Third, the legal basis for crowdfunding is uncertain. The following article discusses each of the issues in detail.

1. Supply Side: Lack of innovative projects

“Innovative ideas (in China), especially in the technology category, trails far behind the United States in terms of both quality and quantity. The situation is sometimes likened to be too many ships chasing for too few fish in the river,” the authors of a study on crowdfunding published by the World Bank wrote.

Actually, given cultural and historical differences, Chinese people seem to be more focused on the traditional. Therefor, the ability to innovate seems lower currently than in the US. This is bound to change, however.

Since crowdfunding is a powerful tool that lets innovative businesses attract funds, the number of good crowdfunding campaigns is limited in China.

2. Demand Side: Lack of confidence

The key issue in Chinese crowdfunding is the problem of "donating money to a stranger." This has reduced confidence in crowdfunding. The supply of willing sponsors is not so as high as in the US. People do not want to donate money to crowdfunding projects because people in China may not have as much confidence in small business as people in the US have. Since most crowdfunding campaigns end in failure, some people do not want to take the risk of putting money into such high probability of failure projects. Moreover, because the Chinese still have limited knowledge of crowdfunding, they cannot accurately assess the value of helping a crowdfunding project succeed. Even if they find a very attractive project, they think, “oh, while
this idea is not bad, I will buy one after they have produced it.” They do not realize that without supporters, the business may find it impossible to produce the product.

As a result, Chinese crowdfunders must make an extra effort to advertise and promote their campaign. This increases the cost of crowdfunding and, at the margin, makes it less likely to succeed. Since crowdfunding is a totally new idea in China, we need to introduce the concept to the public, giving them confidence in crowdfunding and showing them the importance of contributors. We must let the public know clearly that, if you like an idea, you must donate now, or you may never see this product in the market! In my opinion, only when this idea is imbedded can crowdfunding succeed in China

3. Lack of law and regulation

China’s weak intellectual property laws do not provide adequate protection for entrepreneurs. Without a legal system that protects new ideas, the financial incentive behind innovation is effectively eliminated. Entrepreneurial ventures already incur plenty of risk; when competitors or market dominators can steal ideas with little to no retribution, the viability of new ventures is degraded.

In equity crowdfunding, Chinese property law has clearly forbidden private financing for small businesses, so key legal issues must be resolved as soon as possible. These issues include: what is the difference between
equity crowdfunding and illegal private financing, and, most importantly, is equity crowdfunding legal in China? Therefor, it is urgent that the Chinese government release a law that takes specific aim at crowdfunding activities and clearly define standards and rules.

Even though there are many problems and obstacles of crowdfunding in China, the World Bank has a high expectation on China market. The most recent World Bank report predicts that by the year of 2025, the total amount of crowdfunding worldwide will be US $90-$96 billion per year and that the greatest potential lies in China, which accounts for US $46 to US $50 billion of that figure. Given the sheer size of the population, this prediction makes sense. China has the largest number of people and one of the largest markets in the world, so there is no reason why crowdfunding cannot be popular in China.

If Chinese crowdfunders resolve the three issues cited above, we are certain that crowdfunding will boom in China.

Posting by Jing Chen & Jianning Zhang, Masters Candidates in Accounting, Smith School of Business, University of Maryland. They are both Crowdfunding Research and Development Interns, NCS, Fall, 2014. 

Edited by William Michael Cunningham. 

Monday, August 25, 2014

India becomes the first country to crowdfund a project!

"To raise funds for Prime Minister Narendra Modi’s dream project — Statue of Unity, world’s tallest statue at 182 metres — the state government has roped in the multinational IT consultant Accenture to build an IT platform for crowdfunding to raise funds for a project through the Internet.
Accenture has been granted a tender of Rs 3 crore which was floated by the Sardar Sarovar Narmada Nigam Limited (SSNNL), the state government agency executing the project. Official sources said that Accenture was the only bidder for the tender which submitted a bid of Rs 2.5 crore. Accenture has also paid the security deposit of 10 per cent of its bid to the SSNNL.
The state government has already granted the tender for the construction and maintenance of the statue to engineering giant Larsen & Toubro Limited (L&T). The government had floated a tender of Rs 2,063 crore for the project against which L&T emerged as the lowest bidder which offered its services at the cost of Rs 2,980 crore. Interestingly, to build and maintain the statue, the government had only two bids. The other bidder was a consortium of three companies led by JMC Projects India that had submitted bid of Rs 4,100 crore. Government sources said that L&T will be issued a Letter of Intent to build and maintain the statue shortly following which the company would carry out exercise for designing the project in the next 3-4 months and then construction work will begin.
The state government requires funds presently estimated to be more than Rs 2,063 crore for the project. Chief Minister Anandiben Patel, who heads the Sardar Vallabhbhai Patel Rashtriya Ekta Trust (SVPRET), the special body to execute the project, has demanded status of a national monument for the project."

Sunday, August 24, 2014

Equity Crowdfunding Legal in Texas on Sept 1.

As one article notes, "The Texas State Securities Board, led by Commissioner John Morgan, is scheduled to meet August 27, 2014 to pass the new (crowdfunding) rules slated to go into effect the first of September."

Another article states that "Texas as is now the 13th state to create its own equity crowdfunding rules and by-pass the JOBS Act. The U. S. SEC has not released or finalized the federal rules and some states see the billion dollar opportunity equity crowdfunding presents and they have decided to take the bull by the horn and jumpstart small business and economic development in their state.

Section 3(a)(11) of the 33 Act exempts from registration any security that is part of an offering sold only to persons residing within a single state if the company is also doing business in that state. So, as long as a company complies with the federal intrastate exemption, it only needs to be concerned with the state’s crowdfunding rules when conducting a crowdfunding offering; it won’t also have to comply with the federal crowdfunding law.

Texas-based businesses now have more options to raise capital. This alternative may lead to new innovations, more jobs and stronger companies that will boost the local economy. Well, at least that’s the hope. Businesses in the oil and gas, real estate, technology, art and entertainment, agriculture, food and hospitality industries may see an uptick in investment through online equity crowdfunding activities. This may be true for those business executives who are savvy enough to recognize the opportunity, create a strategy and execute said strategy."

For more information, contact

John Morgan
Securities Commissioner
State Securities Board
(512) 305-8303

Proposed Crowdfunding Forms can be found here.

Tuesday, August 12, 2014

DC Crowdfunding Exemption Proposed

The D.C. Department of Insurance, Securities and Banking issued a Notice of Proposed Rulemaking on the District of Columbia-Only Securities Offerings Exemption on August 8, 2014. Comments are due Sept. 6, 2014.

"The proposed rulemaking would establish a localized exemption from the District’s full securities registration requirements in order to simplify and encourage investing in D.C.-based small businesses.
To qualify for the exemption, the business must be organized under D.C. law, have its principal place of business in the District and the securities in the offering must be offered only to D.C. residents. The proposed method of funding (up to $2 million) will be available only to D.C.-based businesses..."
All persons desiring to file comments on the proposed rulemaking should submit written comments via e-mail to disb.dconlyregs@dc.gov. or by mail to the Department of Insurance, Securities, and Banking, 810 First Street, NE, Suite 701, Washington, DC 20002, Attn: Lilah R. Blackstone, Assistant General Counsel.

Friday, August 1, 2014

NCS Selected as Crowdfunding Advisor to the Government of the District of Columbia

National Crowdfunding Services, LLC (NCS) today announced the company was selected as Crowdfunding Advisor to the Government of the District of Columbia. Specifically, NCS will provide crowdfunding services to selected grantees of the District's Great Streets Program.

Great Streets “is the District's multi-year, multi-agency commercial revitalization initiative to transform emerging corridors into thriving and inviting neighborhood centers. Led by the Office of the Deputy Mayor for Planning and Economic Development (DMPED) in conjunction with the Office of Planning (OP) and the District Department of Transportation (DDOT), Great Streets has grown into a multi-year, multi-agency program that utilizes public actions and resources to leverage private investment in retail, office space, housing, and cultural facilities across the District.”

DC native and Howard University graduate William Michael Cunningham, Managing Partner at National Crowdfunding Services said, “We are honored. NCS has long been regarded as a leader in the crowdfunding space, providing not only the most in-depth research and analysis, but also providing thought leadership. We will use crowdfunding to address critical small business market development and financing needs. We believe crowdfunding is a critical emerging tool in the small business development and financing toolbox, and are glad the Government of the District of Columbia agrees. We look forward to working with the many extraordinary businesses along the Great Streets corridors.”

NCS will help the City evaluate six Great Streets Grantees who will be selected for the DC Crowdfunding Challenge. NCS will work with the six finalists to launch and manage crowdfunding campaigns.

For complete details about the DC Challenge contact Henry W. Burger, Director of Business Development, National Crowdfunding Services at (202) 430-6330  or front.office@nationalcrowdfundingservices.com

Saturday, July 19, 2014

Equity Crowdfunding in the District of Columbia 7/22 at 6:30 pm

Tuesday, July 15, 2014

Top 5 Reasons People Contribute to Crowdfunding Campaigns

We have been researching this issue for some time now, and I thought I would outline what we have learned so far. This is ever changing, so stay tuned.

A. EAS (Early Adapter Syndrome). There is a guy in my office building who is a crowdfunding junkie. Daily, he tells me about the latest gadget he just bought on Indiegogo or Kickstarter. He MUST be the first to own the latest toy. Here's the thing: he has grown quite knowledgeable about both technology and about selecting tech products. His success ratio has grown to near 100% now. He can spot a troubled product or crowdfunding campaign a mile away. Not a bad skill to have, actually.

B. Love. People donate to products, causes and events they feel excited about. They LOVE what you, the crowdfunder, is doing. Now, part of the issue is making sure that love comes through. If there is a disconnect, people will not know that they love what you are doing.

C. Community. It speaks to the community, whatever community that is. It can be a small or large group of people who are, or may be impacted by what you are doing. They love it (see 2. above), love you for doing it, and are willing to part with a few dollars to help you (and the community) out.

D. Belief. They like you. They really, really do. Not only do they like you, but they

  1. Want to be the first to own (or to help). 
  2. Love what you are doing.
  3. Think it will help.

Basically, they think you can do whatever it is you are trying to do. They believe in you.

There you have it.

Oh, the fifth reason? Yet to be discovered.....

Saturday, July 12, 2014

Much ado about potato salad

In the crowdfunding world, there has been much talk about potato salad, but not the delectable summertime dish. We're talking about a Kickstarter campaign that, so far, has raised over $46,000 with a $10 goal. Upon first hearing of this, one would assume there is some catch, that maybe the goal had something to do with a great social concern that potato salad could help fix, maybe hunger among six year olds....

Nope. Zack Danger Brown simply wants to make potato salad. I'm sure not even he thought that his campaign would garner so much support and notoriety. The campaign has spawned several copy-cats and off-shoots: "Potato Salad" by Philip "Call me Fredo" Morganelli and "Macaroni Salad - Yum!".

The overwhelming success of this campaign should serve as a wake up for several reasons. Firstly, the goal was overly simplistic. There was no elaborate reasoning or even a video. Secondly, there was no product to promote or great social benefit.

So, with much of the emerging data on successful crowdfunding campaigns recommending certain practices over others, does a campaign like "Potato Salad" completely do away with that advice? The answer, we believe, is no. It does not take much to raise $10, so the success of the campaign comes as no surprise. What is surprising is the $46,000 part. More than likely the silliness of the campaign caused it to go viral, allowing more and more people to see it. Those that did liked what they saw, were probably intrigued, and contributed. In other words, the campaign was successful because it ignored "best practices," not despite best practices. Let this be a lesson. Oh, and there is the possibility that people simply REALLY like potato salad.

As the crowdfunding industry grows there will be more successful efforts that go completely off the rails relative to "successful campaign" standards for one reason or another. In the same fashion, many campaigns will be unsuccessful even though the cause was sincere and well-thought out and they did all the "right" things one would think you have to do to have a successful campaign. The truth is there will occasionally come a campaign that will completely defy all standards. This is what we would call an anomaly. As one backer said "Everyone needs room in their life for a little of the absurd!" Either way, the campaign proves once again that literally any idea has the potential get funded.

I  like it, even though this smells like a set up....still...

Thursday, July 10, 2014

Nonprofit Crowdfunding and Tax Benefits

Starting a nonprofit crowdfunding campaign is neither easy nor simple despite the positive social motivation of the typical campaigner. The reason for this is that the process of creating a nonprofit is complicated, due to the benefits they receive from the government. One of the most useful assistance the U.S. government provides is support to social benefit organizations via an exemption or tax deduction for contributions. Since normal successful crowdfunding campaigns usually spend around 30% of their revenue paying taxes (or they should anyway), this tax advantage will generate huge financial benefit for those who are not subject to taxes. However receiving this huge benefit requires official approval from the US government.
Crowdunding is a new method of raising money and IRS has not yet announced guidelines regarding tax procedures for campaigns. Campaigns created through crowdfunding platforms are usually subject to taxes, except for those organizations who have tax exempt status. Formal recognition from the government is crucial, however. The United States has established several categories for nonprofit organizations, classified depending on organizational characteristics.
Legal charitable organizations that meet requirements of Internal Revenue Code section 501(c)(3) are exempt from federal income tax as charitable organizations. While providing the most effective and extensive benefits, this category has strict requirements. You may check your eligibility and get the detailed requirements from the IRS website:
Other organizations or individuals who do not fall in to this category can be considered tax-exempt as a social welfare organization, as described in Internal Revenue Code (IRC) section 501(c)(4). To be eligible, an organization must prove that it was not organized for profit and must be operated exclusively to promote social welfare. The earnings of a section 501(c)(4) organization must not benefit any private shareholder or individual. Although exempt from income taxation, some are required to report to IRS:
  • Annual exempt organization return
  • Unrelated business income tax return (if an organization has unrelated business income)
  • Employment taxes and others
There are more categories for nonprofit organization. You may visit: http://www.irs.gov/Charities-&-Non-Profits
If you are planning to start a nonprofit project, be sure to let the government know that you are working for a “good thing”. Without your official recognition, you will be subject to taxation.
One more important fact is that some crowdfunding platforms do not allow nonprofit projects. Some that do allow nonprofit projects may take charge as much as 7%. Thus, researching crowdfunding platforms should be one of your first steps when planning a crowdfunding project.  

Post by:
Hanna Kim, University at Buffalo, The State University of New York, May 2015. Bachelor of Science in Accounting.

NCS Intern, Summer 2014

Edited by William Michael Cunningham

Wednesday, July 9, 2014

Concerned global citizens come together to raise awareness about the Balkan floods

In the period between May 13 - May 18 of this year, a low-pressure storm system called Cyclone Tamara dumped 3 months worth of rainwater on communities in Serbia, Bosnia and Herzegovina, and Croatia. The water broke through the dams and levees, washing away everything in it's path. 2,000 mudslides completely destroyed entire villages and the towns of Maglaj, Krupanj, Obrenovac, Doboj, and Gunja virtually disappeared under the flood waters. The human suffering has been staggering: over 70 people lost their lives, 900,000 had to be evacuated, and over 85,000 are still living in temporary shelters across the Balkans.

A group of concerned global citizens have come together to form "Blues for the Balkans" to show solidarity with the Balkan people and to raise awareness about the Balkan floods. Luke Winslow King saw pictures about the floods on Facebook and offered support.

Others supporting this effort include Dukem Ethiopian Restaurant in Washington DC, Kameron Vollin-Reed and Shelton Williams, core members of the blues group "KVR & The Prototype," Steva Lung, a professional artist and filmmaker In Serbia who will be donating his personal time in the making of the "Blues for the Balkans" documentary (if we can pay for his travel and equipment costs), Vojin Mitrovic, a community liaison for Fond B92 in Belgrade, Serbia, and Bill Cunningham at National Crowdfunding Service, a crowdfunding consultancy based in Washington, DC.

Blues for the Balkans is raising $5,000 to send the Luke Winslow King band from New Orleans to play a free, 6-day Flood Relief Benefit Tour across Serbia, Bosnia and Herzegovina, and Croatia from July 27 - Aug 2. With another $5,000, we hope to film a documentary about the "Blues for the Balkans" tour, the proceeds of which will all go to support the flood relief efforts of our non-profit sponsors.

For more information and to donate, please see: https://www.indiegogo.com/projects/bluesforthebalkans/x/1...

Tuesday, July 8, 2014

Crowdfunding for Gamers

The chart below shows the top 10 most funded video game crowdfunding campaigns from Kickstarter and Indiegogo. "Rank" is based on the dollar amount raised. The table was complied using data from our crowdfunding research reports: The Top 50 Crowdfunding Campaigns and the Top Crowdfunding Campaigns for Computer Games

As we saw from our analysis of the Top 50 most funded crowdfunding campaigns on Kickstarter and Indiegogo 34% of the top campaigns were video game related. The most notable gaming campaign is Star Citizen which raised $2,134,374 on Kickstarter. The developers of the Star Citizen video game went on to create a crowdfunding platform specifically for their game. With amazing graphics and a detailed storyline they managed to raise over $47 million, making this the most funded crowdfunding campaign of all time! This is great news for video game developers. It shows the potential that crowdfunding holds for that industry.

So, what should independent game developers take away from all this?

A well constructed crowdfunding campaign can easily get good games funded.

Why?

Within every industry there is a unique crowd from which you can raise funds. Gamers, in particular, are a great crowd because they know good games when they see them and will not hesitate to support the development of a game they know and like.

The creator of Star Citizen, Chris Roberts, is well-known in the gaming world. Mr. Roberts created the Wing Commander game series. This, and the rest of his resume, gave him the authentication and validation needed to crowdfund significant financing dollars for his next game, Star Citizen.

But, Mr. Roberts is not the only game developer for whom crowdfunding will work, as our research shows.

To get more information on the top 50 most funded crowdfunding campaigns on Kickstarter and Indigogo please purchase our research report, available at the following link:  https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=77A2P3AZJ3TA2. The report includes detailed information covering all video game/video game related crowdfunding campaigns and provides other helpful data.

We have also created a separate, video game/video game related crowdfunding campaign research report for purchase at the following link: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JV7R3TEY7ZYBJ

Using this information will improve your chances of developing and deploying a successful crowdfunding campaign, gamer or not.