Crowdsourcing refers to the idea that a group of people can accomplish something that would otherwise be impossible for an individual to do alone. Crowdfunding describes how the collective pools together money to support an initiative or project.
Aiptek, a company competing on the handheld projector market, introduces another cutting-edge case for the iPhone 5. This time it’s crammed more features into the design including a built-in battery pack to charge your phone on the go.
“Crowdfunding is too powerful to be for gadgets and celebrities raising money for passion projects,” said James Beshara, CEO of the social crowdfunding company Crowdtilt.
Crowdtilt’s next product, officially launching today, is a set of tools called Crowdhoster that helps people raise money on their own, rather than using a platform like Kickstarter or Indiegogo.
Crowdhoster is open source and available internationally, and it only costs 2.9 percent of transactions, versus about double or more than that elsewhere, and has limited international availability. Once crowdfunding campaigns are done, they can be turned into simple stores (rather than just staying up and confusing people who arrive late, as they do on Kickstarter). The downside is that, in some countries, it takes a week or two to make payments after campaigns are complete.
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'Crowdfunding formula' a presentation by Growthink's CEO
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