NZ – People power sees crowd funding site hit $1m

The next goal for the organisation is to raise $100million for the creative sector by the end of 2015.

The next goal for the organisation is to raise $100million for the creative sector by the end of 2015.

In just over a year, PledgeMe, a crowd funding website has raised more than million dollars for projects ranging from artificial hand to a fridge.

PledgeMe is NZ’s largest crowd funding source where the public can fund community, cultural, scientific and sustainability projects through their website.

Crowd funding is based on the idea that small donations pledged by lots of people add up to the amount required to fund a project.

Well-known figures like MasterChef contestant Chris Turner and Angela Bloomfield who plays Rachel McKenna on Shortland Street have used PledgeMe to fund their own projects.

Donations are rewarded and in the case of Turner he baked macaroons for people who pledged him money for his trip to the Cordon Bleu cookery school in Paris.

For $20 he sent people a dozen treats, and for $100 named an item of food after you. This tactic made more than his goal of $5100.

Other projects funded over the past 15 months include a bionic hand made for a mate in Lower Hutt, a rocket launch by the New Zealand Rocketry Association in the Coromandel, a new fridge for an animal sanctuary in the Hawke’s Bay and a theatre production by Whangarei Youth Theatre.

The website is founded by Wellington based 27-year-old, Anna Guenther who studied masters in entrepreneurship at Otago University who now works full-time on the site to harness the crowd funding model.

“People are only limited by the power of their imaginations and their ability to convince a crowd their idea is worth backing,” Guenther told onenews.co.nz.

The million dollar milestone was celebrated in Wellington last month with performances in three locations on Tory Street at Poquito, Hawthorn Lounge and Puppies.

The next goal for the organisation is to raise $100million for the creative sector by the end of 2015.

Statistics

253 projects funded
48% success rate
$1,014914 pledged
$67 average pledge amount
$20 most often pledged amount
14,959 pledges

Source: TVNZ ONE News – By Ranjani Ponnuchetty
Tuesday May 14, 2013

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

ForbesHow This Millennial Built A 7-Figure Business Using Equity CrowdfundingForbesWhen he asked them to help fund his company's crowdfunding campaign, they delivered—exceeding his initial goal fourfold and ranking it one of the fastest and most successfully funded companies on R [...]

The GuardianWorboys' victims launch crowdfunding appeal against releaseThe GuardianThe women are aiming to raise £10,000 to pay for a judicial review that would initially force the Parole Board to reveal its reasons for releasing the 60-year-old, who has served 10 years in jail. [...]

Crowdfunding campaign aims to help Terrell Co. foster childrenWALB-TVAn Albany woman is hoping to help foster children in Terrell County by providing them with things people often take for granted. Kaley Hart has launched a crowdfunding campaign on TogetherWeRise.org. She hopes to rai [...]

LifesiteFacebook blocks crowdfunding site for new movie on how abortion ...Lifesite'Given Facebook's claims to be a neutral, open forum...I regard this as scandalous and I call on Facebook to cease and desist.'and more » [...]

Bristol PostBristol man crowdfunding for YouTube comedian after 'racist' millionaire landlord sues himBristol PostBristol man crowdfunding for YouTube comedian after 'racist' millionaire landlord sues him. Multimillionaire Fergus Wilson has vowed to "bankrupt [...]

Entrepreneur3 Crowdfunding Tips Every Company Forgets From a Brand That Raised $800000 and Got AcquiredEntrepreneurCrowdfunding takes a lot of planning, whether you're gearing up for a launch, a ship date or thinking about the next source of funding you'll pursue. But it [...]

The Good Men Project (blog)EPIC HAWAIIAN OPEN WORLD ACTION-RPG 'NIGHTMARCHERS' IS ON GAMER CROWDFUNDING PLATFORM FIG!The Good Men Project (blog)Wyrmbyte, makers of MOBA short-session social gaming hit Dragons and Titans (1 million + players worldwide) announced it's int [...]

XinhuaUN Palestinian refugee agency launches crowdfunding campaign following US aid cutXinhuaA Palestinian refugee child is seen at al-Shati refugee camp in Gaza City, on Jan. 17, 2018. The United Nations Relief and Works Agency for Palestine Refugees (UNRWA) said Wednesday that it ha [...]

Prescott eNewsCrowdfunding Campaign for Downtown Coworking Space UnderwayPrescott eNewsWhy work alone, when you can co-work? For those who identify as a freelancer, entrepreneur, remote worker, small business owner, micro-business, non-profit, or startup – the coworking concept helps [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

CrowdFund Beat Media

2018 Fintech World Conference & Workshop, Announcement:Game Changer” Fintech World Media, PR & Marketing Group Proudly Presents: lnkd.in/gqdCrTr

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |