Monthly Archives: May 2013

Crowdfunding 101: “Inocente”

Andrea Nix Fine (left) and Sean Fine (right),

Ahead of the STREAM conference, which kicks off in Santa Monica on Monday (June 3), we profile a trio of filmmakers who successfully raised funding via Kickstarter, starting today with the directors behind the Oscar-winning doc Inocente. Project: Inocente Funding goal: US$50,000 Amount raised: $52,527 Kickstarter backers: 294 Key takeaway: Know how much you need Husband and wife directorial team Sean Fine (pictured above, right) and Andrea Nix Fine (left) were in post-production on their 39-minute doc Inocente when they decided to turn to Kickstarter for help. The film (pictured below), which focuses on a young homeless girl who harbors dreams of becoming an artist,…

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Benefits of crowdfunding go beyond raising cash

When Cleveland-startup Innovative Developments launched a crowdfunding campaign on Kickstarter last February, it aimed to gauge interest and generate pre-production sales for Mycestro, a wireless mouse worn on your index finger. The campaign succeeded in generating buzz, leading to coverage in publications like and Crain’s. It also didn’t hurt that in the process it generated $354,115 from a pool of 4,010 backers. Crowdfunding is an attractive concept to companies within emerging industries whose cutting-edge technologies may not always garner early attention from traditional funding sources. As entrepreneurs in these industries are increasingly questioning the traditional mechanisms by which businesses access capital, crowdfunding has bubbled…

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Space Telescope Crowdfunding Project Raises Over $200,000 on First Day

The project is part of Planetary Resources' plan to make space more accessible to average people, its officials siad.

A commercial asteroid-mining company aiming to launch a crowdfunded space telescope raised more than $200,000 on the first day of its campaign. Planetary Resources, a private venture aiming to mine near-Earth space rocks for water, minerals and other resources, announced Wednesday (May 29) that it would build and launch a space telescope for public use if it could raise at least $1 million in 33 days. The telescope will be a twin copy of the Arkyd spacecraft the company is developing to detect, track and study asteroids in preparation for its mining mission. A test version of the spacecraft is set for its maiden trial…

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Crowdfunding Film Festival to Roll Out the Red Carpet


CrowdFunding is real game changer in film industry. San Francisco , California (PRWEB) May 28, 2013 The First annual International CrowdFunding Film Festival will be held October 2-6, 2013 in San Fransisco. The film fest to bring together artists, filmmakers, and video game creators to showcase their craft, network and get crowdfunded. The film festival has plans to collaborate with film schools in New York, London and Paris. Film students from universities all around the country are increasingly looking to crowdfunding to find backing for their projects. With over countless films successfully funded through crowdfunding portals such as Kickstarter and IndieGoGo, Hollywood is now paying…

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Malecare Launches Cancer Research Crowdfunding Website, Start A Cure

Start a Cure

Start A Cure is the world’s first patient focused research funding platform to be entirely directed at cancer. Start A Cure launched on March 25, 2003 with a call to action to a small portion of our cancer researcher contacts to upload projects for funding and launches out of beta on June 1, 2013. Start A Cure is the crowdfunding for cancer research project created by the national patient advocacy nonprofit, Malecare. Founded in 1998, Malecare has grown to become America’s largest men’s cancer support and advocacy national nonprofit corporation. Listening to its large cancer survivor community, Malecare learned about the large untapped pool of…

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4 Key Strategies To a Successful Healthcare Crowdfunding Campaign

Healthcare crowdfunding consultant, Komal Garewal shares 4 essential strategies to a successful healthcare crowdfunding campaign. Those of us in healthcare know what a tight knit community we are. We’re superheroes, disguised by our geek-chic (and sometimes, not so chic) exteriors. We’re constantly disrupting and finding ways to revolutionize the healthcare space. We find the adoption of tablets, voice-recognition technology and Google Glass things to daydream about. And while we know we’re doing monumental, life-changing and even world-changing things, sometimes the rest of the world has a hard time getting as excited. As crowdfunding and the concept of supporting small businesses are exploding, so is the…

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Business Rx: UMd entre­pre­neur­ship guru Elana Fine chats with Veenome’s Kevin Lenane

Elana Fine, managing director of the Dingman Center for Entrepreneurship at the University of Maryland’s Robert H. Smith School of Business, took questions from readers last week with special guest Kevin Lenane, an entrepreneur who leads video indexing company Veenome. Here are excerpts from their online conversation. Profitability Q.: Veenome exists solely to be acquired, having never made a profit. What do you think of the practice today of creating companies knowing full well you have a three-year window to be bought out or shuttered? Kevin Lenane: Nice aggressive opening statement! However your information is inaccurate as Veenome is a [business-to-business] company and our key…

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Thiel fellow, 19, plans crowd-funding platform


At 19, James Schuler a veteran of startups The $100,000 Thiel Foundation fellowship James Schuler just won allows young entrepreneurs to drop out of college to pursue their business ideas – except he never got there in the first place. Before graduating from Byram Hills High School in Armonk, N.Y., last year, the 19-year-old co-founded a health care transaction smartphone application and website. After graduation, he immediately entered Y-Combinator, a Silicon Valley startup incubator in which Schuler and his co-founders spent three months using a $170,000 grant to grow Eligible, the health care transaction company. He resigned from active involvement with that company in August…

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An Interview with Mark Kelly of Marillion

Mark Kelly of Marillion

Mark Kelly knows a thing or thirty about the music industry. He’s served as keyboardist of the English band Marillion for more than three decades. Today, few musicians have his perspective on the business of music. For instance, for the last few years, crowdfunding and sites like KickStarter have been all the rage. Kelly and his band recognized the vast potential of the Internet a remarkable fifteen years ago. Marillion was one of-if not the-first group to reach out directly to its fans via the Internet. Marillion used the burgeoning platform to fund his band’s twelfth studio album, Anoraknophobia. To call Kelly eerily prescient would…

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Universities explore crowdfunding, social media to raise money

The University of Virginia's Rotunda during Final Exercises Sunday, May 19, 2013. The school launched its first crowdfunding site earlier this month.

Universities across the USA are stepping beyond traditional fundraising methods. Crowdfunding websites are an emerging business strategy that allow people to donate money directly toward university projects. Alumni, as well as non-university affiliated donors, can make philanthropic contributions, some of which are tax-deductible, to specific research, entrepreneurship and development projects that require full or additional funding. This type of funding has the potential to become a trend among universities within the coming months, according to Anindya Ghose, a professor at New York University Stern School of Business. And several university crowdsourcing initiatives, featuring faculty and student-led projects, have been implemented across the nation within the…

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Time to cut crowdfunding red tape

The shipping of the Pebble Watch yesterday marked a coming of age for crowdfunding in the United States, while Australia, sadly, lags behind. The creation of the watch was funded by raising $10 million through crowdfunding website Kickstarter and the watch, which wirelessly connects to smartphones, has been shipped to the “backers” – the ordinary people who paid the company money. The Pebble Watch is significant as it was one of the first on Kickstarter to raise such a huge amount of money, and proved that bypassing financiers could be a viable route for small business. However, the success of the Pebble Watch only highlights…

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Crowdfunding Friday: Corman’s Fantastic Four & Tezuka manga


Aside from all the new ideas to be found on crowdfunding websites such as Kickstarter – including a new variety of beef jerky made from posh Japanese cows – there are all sorts of opportunities to indulge our sense of nostalgia. Through sheer coincidence, the projects that caught my eye this week all have a retro theme; there’s a documentary about a forgotten adaptation of a Marvel comic book, a timely revival of one of the most innovative computer games of the 1980s, and a special English language edition of a classic Japanese manga. Although very different, each of these crowdfunding projects is worthy of…

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BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

BBC NewsNHS trust 'relies' on crowdfunding to equip wardBBC NewsAn NHS trust has launched a crowdfunding appeal to buy equipment for a new hospital unit because "it cannot get started without donations". The Royal National Orthopaedic Hospital (RNOH) in Stanmore, n [...]

MarketWatchWhy a crowdfunding site is giving out $10000 scholarshipsMarketWatchCrowdfunding site GoFundMe announced Thursday that it will award $10,000 to 10 students with pages on their site that fundraise for education. The award is part of a contest the site held throughout Septemb [...]

MottoIVF: More Couples Crowdfunding to Pay for Procedure - MottoMottoMore and more couples are turning to crowdfunding to fund costly in vitro fertilization (IVF) treatments, Bloomberg reports.More Couples Who Can't Afford IVF Are Turning To Crowdfunding ...RomperCouples desperat [...]

Huffington PostReal Estate Crowdfunding's Pathway of ChangeHuffington Post“Crowdfunding is just the Internet,” stated Attorney Mark Roderick as he opened last month's RealCap Chicago. RealCap is an annual conference that joins crowdfunding leaders and innovators to propel th [...]

WestwordProgressive-Rock Band Marillion Pioneered CrowdfundingWestwordThat was the beginning of crowdfunding for us — and for every band, really.” When it came time for the recording and release of the followup to the 1999 record, Kelly and the band realized that one of [...]

CoinTelegraphCrowdfunding vs. ICO: Experts Question Legitimacy and Guarantees ...CoinTelegraphThe simplistic idea behind crowdfunding a non-existent software or system has become a trend in the cryptocurrency industry, but most Bitcoin experts are highly ...and more » [...]

ForbesVenture Crowdfunding Revisited: An Update with NIN VenturesForbesI am about to head off to attend the Global Crowfunding Convention (GCC) 6 in Las Vegas. It will be my fourth time attending. The crowdfunding industry has grown from $16 billion in 2014 to $34 billion in 2015, and [...]

EntrepreneurIs Crowdfunding Right for You? Answer These 7 Questions to Find Out.EntrepreneurCrowdfunding is a popular and increasingly accessible way to put your prospective product or business in front of millions of people. And, thanks to the visibility of massive success stories, t [...]

Crowdfund InsiderOn Investment Crowdfunding, Diversification & the Wisdom of the CrowdCrowdfund InsiderOne of the cardinal rules of investing is diversification – a critical ingredient for long-term portfolio growth. This rule applies with equal, if not greater, force when investi [...]

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