Sure, the tech sectors in California and New York are bustling. But would you expect Minnesota have the third most Kickstarter-funded tech startups?
According to a trio of researchers from the University of Toronto, that's the case. Ajay Agrawal, Christian Catalini, and Avi Goldfarb explored crowdfunding's increasing popularity in a paper published this month. The most fascinating item from their work is a map of Americans' preferences on the sorts of Kickstarter projects they fund, state by state.
It's not just Kickstarter anymore. Here's a road map.
Crowdfunding used to be pretty simple. Artists, inventors, and filmmakers posted their ideas, and funders chipped in a few bucks to make something happen. Kickstarter, the site that triggered the crowdfunding movement, was the cornerstone. In three years, the site has helped launch more than 95,000 projects.
Today, there are scores of crowdfunding sites. Indiegogo, Bolstr, Fundable--the list goes on. With the SEC poised to allow projects to offer equity, crowdfunding has the potential to revolutionize how entrepreneurs raise money. (For now, you have to offer some kind of reward in exchange for donations.)
But all sites are not created equal. Some specialize in nonprofits, or in certain types of products; others offer consulting services in addition to sourcing funding. In an increasingly crowded and complicated marketplace, where should you turn to fund your endeavor? Follow our map.
Kickstarter has just launched a new feature to let you get feedback from your friends before you submit your Kickstarter project to the Kickstarter gods. Once the project launches, all those feedback notes magically disappear.
SellanApp, the crowd-funding platform for apps, has launched its own equity crowd-funding campaign simultaneously on both Symbid.com and FundedByMe.com to improve and grow its popular service. In its joint campaign on FundedByMe.com and Symbid.com SellanApp offers 17% of its equity against a total of EUR 500K in cash investments. Anyone can invest from EUR 20 and up. Next to profiting from a company ‘exit’, shareholders are offered a fixed annual interest of 5% over their investment
A couple of weeks ago we linked to Craig Mod’s gorgeous and thorough breakdown of his Kickstarter project Art Space Tokyo. In the post Craig sampled other popular projects on Kickstarter, and explained how their choices and outcomes affected the way he constructed his project. Craig also offers some advice on optimal pricing and project length to future project creators. We were intrigued and impressed by Craig’s research and conclusions, and we’ve now compiled data from our entire database to see how it holds up. Let’s dig in.
Ed Carter only asked for $21,000 on crowdfunding site Kickstarter to produce a deluxe version of “Glory to Rome,” one of several board games made by his company, Cambridge Games Factory. But there were far more board game enthusiasts willing to put money into his project than Carter expected. At the end of a 21-day funding period in the summer of 2011, more than 1,600 people had pledged $73,102. That should have made fulfilling the orders easy. Instead, that was when Carter’s nightmare started.
What DARPA does with animal test subjects behind closeddoors is one thing, but here we have something else entirely: mad-scientist kits that allow anyone at home to control the movement of a real-life cockroach. Backyard Brains, the crew behindTwitter Roach, have been selling RoboRoach sets for creating cyborg insects for some time. But today, after getting as far as they can on their own, they're seeking Kickstarter funding to improve their design and develop "educational materials" to go with it.
Berend de Jonge's insight:
Thought it was a joke, can't believe kickstarter approved this project.
The Istanbul protesters who drew out riot police over the weekend have some overseas admirers, it seems. Inspired by the demonstrations against Prime Minister Recep Tayyip Erdogan, a handful of New York-based supporters are raising money onlinefor a full-page ad, to be placed in either The New York Times or The Washington Post.
Dubai: By offering equity in crowdfunded ventures, the stakes have indeed been pushed higher for investors and the businesses alike. But what would constitute a proper valuation for a business that is still in the very early stage of its operations?
Can't agree more, There are to many startups out there that value their company at a round or multiple million(s). There is a new startup wich specializes in crowdfunding valuation Equidam. They did a proper valuation for SellanApp's next seed round.
If you think that participating in crowdfunding simply means investing in smaller companies that launch games and devices on Kickstarter, think again. With crowdfunding volumes reaching $2.7 billion in 2012, it has emerged as a viable, scalable alternative to public and private finance across the globe.
After surveying more than 350 active crowdfunding platforms, including IndieGoGo, CrowdCube, Symbid, and Gambitious (full site directory at crowdsourcing.org), and completing an in-depth analysis of market trends, research firm Massolution has identified five major crowdfunding developments for 2013 and beyond.
Roughly a year ago, my company, Crowdfunder.com, was invited by top leadership in Mexico to come discuss the opportunities for crowdfunding in Mexico. Many in Mexico had seen Crowdfunder’s success in the U.S. and our role in U.S. JOBS Act legislation, and because of this I was invited by business leaders in Mexico to look at creating something similar to the JOBS Act for the small-business ecosystem there.
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