Crowdfunding 411

Tatyana Kapkan / North Shore Outlook,

In the past few years, crowdfunding has evolved from an oddball Internet fad to a legitimate tool to attract money for your cause.

In the time since it made its first curiosity-inspiring appearance on the scene, crowdfunding has been behind successful fundraising campaigns for a wide range of projects, from Sundance movie premieres to bicycle accidents that deprived the cyclist of an income to weddings with pricetags the happy couple weren’t married to.

The Vancouver News Trotters have set up a FundAid crowdfunding campaign to raise money for the HAVE Culinary Training Society and Vancouver Firefighters’ Charitable Society. Rob Newell photo -

The Vancouver News Trotters have set up a FundAid crowdfunding campaign to raise money for the HAVE Culinary Training Society and Vancouver Firefighters’ Charitable Society. Rob Newell photo –

Just the same, it remains a fairly out-there idea for lots of folks, an enduringly mystifying means of raising money that sometimes inspires more confusion than confidence.

Time to demystify.

Its relative novelty notwithstanding, crowdfunding is an entirely valid and increasingly effective method of attracting financial support for a goal.

Here’s how it typically works: a professional crowdfunding platform like FundAid FundAid oversees a campaign on clients’ behalf. That means it manages their digital requests for money and also its collection.

See more at: http://www.northshoreoutlook.com/community/crowdfunding-411-1.1262011#sthash.vLzkPSf3.dpuf

HEADLINE NEWS

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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 » [...]

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 [...]

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 [...]

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 ...Gophers women's hockey con [...]

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 [...]

TwinCities.com-Pioneer PressWCHA announces crowd-funding campaign to bolster women's hockeyTwinCities.com-Pioneer PressThat mindset led the WCHA to announce a crowdfunding campaign on Thursday to help fund the league's expenses and lessen the financial burden of the seven re [...]

Gamasutra (blog)Gamasutra: Anti Danilevski's Blog - The problems of crowdfunding ...Gamasutra (blog)The Art & Business of Making Games. Video game industry news, developer blogs, and features delivered daily.and more » [...]

YourStory.comA crowdfunding portal ensuring total authenticity of cases, MeHelp lets you donate confidentlyYourStory.comIn March this year, Samiya Hafeez, a 22-year-old woman from Hyderabad, was arrested for running a fake crowdfunding campaign through which she collected almost Rs 22 [...]

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