Monthly Archives: May 2013

Crowdfunding 101: “Inocente”

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 Wired.com 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

ICFFF

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

fantastic-four

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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HEADLINE NEWS

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NPRAfter Outcry, Crowdfunding Site Patreon Backs Off Plan To Raise ...NPRThe popular crowdfunding service Patreon has backed off plans to change its payment structure, after widespread, vocal and passionate opposition from creators and their fans. Last week, the site announced it woul [...]

EntrepreneurWhy Some Small Business Owners Are Turning to Crowdfunding to Save Their CompanyEntrepreneurMany owners of beloved local businesses, especially in pricier cities, have been forced to swallow their pride and appeal to their customers in times of crisis -- a process streamli [...]

TechCrunchHow hate speech crowdfunding outfit Hatreon crept back online ...TechCrunchIf you want to make a living creating white supremacist content, you're probably not going to do it via sites like Kickstarter and Patreon, which prohibit hate speech. Fortunately there's Ha [...]

Crowdfunding bid to cut car cover for millennialsThe TimesAn insurance start-up that claims it can reduce premiums for millennials will launch a £15m initial coin offering (ICO) next month in another sign of the growing frenzy over digital currencies. InsurePal will use the funds rais [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

CoinDeskKickstarter ICO? Don't Count On It Says Crowdfunding Leader ...CoinDeskThe company most widely associated with crowdfunding, Brooklyn-based Kickstarter, has no plans to get into the initial coin offering (ICO) business. Coming in response to the news yesterday that compet [...]

TechCrunchFormer Gawker employees are crowdfunding an effort to buy Gawker.comTechCrunchWhile Univision acquired most of Gawker Media's sites last year (and renamed them as the Gizmodo Media Group), the deal didn't include Gawker itself. In fact, BuzzFeed reported last month [...]

Crowdfunding For French CastlesNPRYou too can own a French chateau, in part, anyway. Romain Delaume, CEO of Dartagnans, tells NPR's Scott Simon about a crowdfunding effort underway to preserve La Mothe-Chandeniers. SCOTT SIMON, HOST: What if I told you that for about $60, you cou [...]

CryptoCoinsNewsCrowdfunding Giant Indiegogo Looks to Make ICOs MainstreamCryptoCoinsNewsCrowdfunding platform Indiegogo has a plan to help initial coin offerings (ICOs) break into the mainstream, even as the U.S. Securities and Exchange Commission (SEC) is ramping up its oversight of [...]

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