Crowdfunding, Web 2.0 with purpose

June 7, 2014 by Dewayne Jackson,
I really enjoy seeing people create crowdfunding projects. If you’re unfamiliar with crowdfunding, websites like Kickstarter, Indiegogo, RocketHub, and GoFundMe provides site members with the opportunity to solicit money from their users to fund all types of projects for artists, authors, movie producers, singers, community activists, and more. Wikipedia has a list of the highest funded crowdfunding projects. Most of these items are movies, tech gadgets and videogames. Entrepreneurs and producers no longer have to depend on bank loans and venture capitalists to get their initiatives started. Web 2.0 driven crowdfunding sites allow creative professional to go directly to the source, their consumer base, to launch projects that probably would have never been funded through traditional means. Indie artists, actors, and producers have taken notice. In recent news, Levar Burton received over 3 million in pledges for Reading Rainbow withing 24 hours. A few months ago, Spike Lee was recently on CNN explaining why established producers had every right to use crowdfunding.

Beyond Likes and Retweets

Crowdfunding goes beyond likes, status updates, and retweets. It’s web 2.0 with a purpose that not only makes a tangible difference to business startups but funding the dreams and aspirations of everyday people and those in need. Mashable shared the news of a$44,000 raised for a homeless man to live in a house for a year.

Successful Campaigns

Below I’ve pulled together some articles and videos on Crowdfunding. After about an hour of reading and watching videos about Crowdfunding, I noticed reoccurring themes for designing your campaign. Getting funding from users who don’t know you involves more than just a project description and photo. Successful campaigns and crowdfundees respect the medium by having a great fundworthy project, providing a video, using traditional marketing and social media activities, using a personal touch, connecting with funders and keeping them updated, most importantly being very honest.

Articles on Crowdfunding

C|Net articles on crowdfunding

Entrepreneur articles on crowdfunding

Father Bob Turns to Crowdfunding to Help Homeless

Forbes articles on crowdfunding

Forbes: Experiment Is Crowdfunding Science Projects, Just Don’t Ask Them To Find Bigfoot

Huffington Post articles on crowdfunding

Scientists Turn to Crowdfunding to Support Research

Solar-roadway backers set crowdfunding record

Videos about Crowdfunding
Crowdfunding – Where Next, How Far, and What Are the Limits?

Tedx- Victoria Westcott: Crowdfunding 101

Watch This Before You Launch A Crowdfunding Campaign
Are you sure that crowdfunding is right for you?


FortuneDreamHost Sets Up Crowdfunding Page to Aid Trump Government FightFortuneThe Los Angeles-based web host DreamHost, which is fighting the Department of Justice over its attempt to seize records of visitors to an anti-Donald Trump website, has launched a crowdfunding campaign to a [...]

Baltimore SunHarford still opposes crowdfunding sites for school donationsBaltimore SunRaising money through online crowdfunding sites is an ideal way for teachers to find the funds to purchase classroom materials and should be restored, the head of the Harford County teachers' u [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

GeekZing Smart Light Passes Crowdfunding Goal With Flying ColorsGeekIn just five weeks, San Diego-based Team Zing has more than doubled its crowdfunding goal of $52,500, collecting nearly $125,000 from 1,115 backers. There are still five days to snag your own smart night light, availa [...]

Regulation Crowdfunding: Considerations Before Crowdfunding Your StartupLexology (registration)For startups looking to raise capital, crowdfunding looks to be to a modern solution to capital-raising concerns. In 2015, the SEC issued a rule on crowdfunding (“Regulation Crowdfunding”), [...]

LITTLE GUIDANCE FROM IRS ON TAXING CROWDFUNDING CONTRIBUTIONSBloomberg BNAWhether it's a musician raising money to produce an album, an inventor with a great idea, or a family in distress that needs help, crowdfunding through platforms such as Indiegogo and Kickstarter has become [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

Business 2 Community5 Quick Tips to Relaunch a Crowdfunding CampaignBusiness 2 CommunityIn its basic form, crowdfunding is raising small amounts of money from a large number of individuals. To get started, fundraisers choose a platform, share their story and tell family and friends wh [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

Reuters (press release) (registration)Crowdfunding: Funding ideas the right wayReuters (press release) (registration)The term “crowdfunding”, or “crowdsourcing”, refers to an open call made to the world via the Internet to solicit funds from interested parties to finance a business or [...]

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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 |