How Crowdfunding Will Change The World


By Tucker Max,  This is the copy of a speech I delivered at a crowdfunding conference in Austin this weekend. It’s similar to the content in the series I did a few months ago. I also did some slides with it, you can download them here if you want to see them:

How Crowdfunding Is Going To Change The World

When new technologies or ideas come up, people tend to draw a straight line forward. They assume the future will be the past, but just more of it. That’s not how new technologies work. Truly innovative ideas fundamentally alter relationships, which in turn creates entirely new possibilities.

For example, TV was not filmed radio. It completely changed the way people interacted with media. The iPhone was not a phone with a screen; it’s actually a computer that makes calls, and it completely changed how humans related to computing and the internet.

I think equity crowdfunding is the same. It won’t take what exists in venture capital and angel investing and create more of it. I think equity crowdfunding will create entirely new classes of business and entirely new business models. In fact, I think equity crowdfunding changes the way that people interact with money and power.

But before I get into my predictions, let’s do something fun: Let’s look at all of my social media accounts.

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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 [...]

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