The Death of CrowdFunding

By Guy Wrigh,
Crowdfunding sites have been springing up like mushrooms after a spring rain and some of the projects have been inspiring, innovative and worthwhile, but recently crowdfunding sites have been swamped with less than noteworthy projects and more than a few scams.

I’ve been a fan of crowdfunding sites like Kickstarter and Indiegogo for a while now because they sometimes bring to light some ingenious ideas (and some downright silly ones too). But recently I’ve noticed more and more projects that are downright stupid, absurd, technologically impossible, derivative, self serving or outright scams.

In the past month I’ve seen a bunch of automatic plant watering systems, a score of fitness apps, GPS tracking devices for kids/pets/bikes, quad-copters galore, device chargers, apps to teach kids how to read, various robot kits, more than a handful of 3D printers/cutters, numerous camera stabilizers, solar-powered any- and everythings, more bike gadgets than you can count and dozens of social media dating site ideas. And these are all legitimate projects put forward by people who honestly believe in what they are doing.

Mixed in with these are the ‘I need a new car’ or ‘I need a new PC’ or ‘I want money to restore an antique vending machine’ or ‘let’s build a sustainable garden in Pittsburg’ projects – basically people begging for money.

Read more at http://www.tgdaily.com/startups/117146-the-death-of-crowdfunding#xAtL9pQCYRTJ3V1M.99

Tags: , , ,

HEADLINE NEWS

Jamaica GleanerPointers to Publishing | Consider crowdfunding to finance your bookJamaica GleanerYou have great ideas but do not have the funds, or you do not want to take the risk of taking a loan or asking for financial support from family. Crowdfunding might be your best bet, and t [...]

The VergeDonald Trump's terrible crowdfunding site was a microcosm of his political careerThe VergeAnd from the beginning, the site had Trump's populist edge. Zanker boasted that “the reign of Kickstarter's Brooklyn hipsters is over,” referring to Kickstarter's New [...]

FortuneCrowdfunding: Women Better at Raising Money Than Men Are ...FortuneA new study has found that women are generally better than men at crowdfunding.Women are better at crowdfunding than men, shows study | The ...The Independentall 3 news articles » [...]

Social media, crowdfunding skirmishes encapsulate Endy debateThe Herald JournalAfter that, a campaign with the same goals and the same organizer appeared on a separate crowdfunding site, FundRazr.com. This campaign also drew negative attention on social media, and after a few hours th [...]

ForbesWhy Crowdfunding Is Still Booming, Especially For Chinese Tech CompaniesForbesBased on recent media reports, it looks like crowdfunding is now in the "disillusionment" phase of the famous Gartner hype cycle, after peaking a few years back. I will argue that crowdfundin [...]

Wired.co.ukAfter budget cuts, museums are crowdfunding to preserve historyWired.co.ukIn 2015, the Smithsonian National Air and Space Museum in Washington, D.C. launched its very first crowdfunding campaign to 'Reboot the Suit'. The idea was to raise much-need funds to conser [...]

Business Daily (press release) (blog)How Women Trounce Men When Raising Seed Crowdfunding CapitalForbesMale entrepreneurs may account for the majority of business owners raising finance on crowdfunding platforms in the UK, but their female counterparts are far more likely to get the s [...]

Yahoo SportsCan crowdfunding save women's college hockey? - Yahoo SportsYahoo SportsNorth Dakota cut its women's hockey program in March, in one of the saddest and most stunning decisions to rock the sport at the collegiate level. “When you ...and more » [...]

road.ccCanadian cyclist charged with fraud after crowdfunding fake booby trap injuriesroad.ccA cyclist who pretended to have been injured by a barbed wire booby trap and asked for cash on a crowdfunding website has been charged with fraud and public mischief. Stelianos Psaroudakis, 37 [...]

ReutersStudy says women are better at crowdfunding - ReutersReutersWomen around the world are less likely than men to tap the crowd online for money to fund their businesses and projects, but when they do they are likely to.and more » [...]

CFB Finance

Marketwired

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

Press Release

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 |