Crowdfunding
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Crowd-Funding Campaign Lessons Learned: What You Need to Know - Forbes

Crowd-Funding Campaign Lessons Learned: What You Need to Know - Forbes | Crowdfunding | Scoop.it
Thinking about crowd-funding? Here's what you need to know.

Via Fashion Startup
Shawn Smith's insight:

Acquiring funding for a new project or business can be difficult. More and more startups are turning to crowd funding to get their projects off the ground.

The important thing is to have a set goal, stay focused and get noticed.

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Crowd Funding For Musicians Isn't The Future; It's The Present

Crowd Funding For Musicians Isn't The Future; It's The Present | Crowdfunding | Scoop.it
Musicians have to spend money and a lot of time to hit their crowd-funding goals, so failure is expensive. But for some people, at specific moments in their careers, crowd funding can be a piece of the puzzle.
Shawn Smith's insight:

Crowd funding is not for everyone. If you're already very successful or you have little to no fan base, a Kickstarter or similar campaign is likely to fail.

For a crowdfunding campaign to work, you have to have contact with the fans and the people that would be supporting your project. If either of these is nil, success would appear dire.

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Cha-Ching! Crowdfunding Your Next Record

Cha-Ching! Crowdfunding Your Next Record | Crowdfunding | Scoop.it
Shawn Smith's insight:

Amanda Palmer's 2012 album Theater is Evil raised $1.1 million on Kickstarter. Crowdfunding helps the artists' autonomy.

Not all artists reach their goals, however. Kickstarter reported that less then half of their projects reach their goals, so we can see that crowdfunding is not a guarantee, and artists still have to market their products.

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A Beginner's Guide to Crowdfunding

A Beginner's Guide to Crowdfunding | Crowdfunding | Scoop.it
Kickstarter and other user-generated income services now raising millions for artists
Shawn Smith's insight:

Crowdfunding is growing in popularity amongst musicians, promoters and filmmakers as a way to raise money for projects. 

 

Over $38 million has been raised for music related projects through Kickstarter alone in the past three years, according to the New York Times.

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YouTube Is Adding Crowdfunding and a Channel Management App... - Digital Music News

YouTube Is Adding Crowdfunding and a Channel Management App... - Digital Music News | Crowdfunding | Scoop.it
YouTube has shared information regarding new features that are in the works for creators. One of the biggest announcements is that YouTube is working on...
Shawn Smith's insight:

Among many other products YouTube is discussing in the video, Jehan Ratnatunga speaks about the possibility of localizing some manner of crowdfunding to YouTube.

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How much would you be willing to pledge to your favorite artists via crowdfunding sites such as Bandcamp and Kickstarter?

How much would you be willing to pledge to your favorite artists via crowdfunding sites such as Bandcamp and Kickstarter? | Crowdfunding | Scoop.it
How much would you be willing to pledge to your favorite artists via crowdfunding sites such as Bandcamp and Kickstarter?
Shawn Smith's insight:

This site is just a poll, but I believe it offers some good insights. 32% of people polled that they do not support crowdfunding sites, while 35% stated they would donate $50 or more to their favorite artists. Very interesting stuff.

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Crowdfunding disrupts record labels & the music industry . CrowdFund Beat

Crowdfunding disrupts record labels & the music industry . CrowdFund Beat | Crowdfunding | Scoop.it
Vinyl Record Background by Petr Kratochvil The largest providers of capital in the music business, the major record labels, have been devastated over the l
Shawn Smith's insight:

Crowdfunding has devastated the major record labels and  their roles are shifting because of this.

Global music sales have fallen from $27.8b in 2000 to $16.5b in 2012. Crowdfunding has diminished the need for record labels and put more power in the hands of the artists and consumers.

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