How crowdfunding changed the face of collaboration

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Its impact on collaboration has been profound, enabling people to easily join forces on a scale rarely seen before. This helps entrepreneurs kick start projects that would otherwise not be possible by conventional means. Crowdfunding is increasingly being used for collaboration between people who share nothing else in common other than a collective passion to make something new happen and contributes to innovation through the power of collaboration. The approach is risk free for the people who back a project as nothing is paid if the project does not reach it’s financial target.

I was privileged to play a part in helping two musicians successfully fund their crowdfunding projects. The first was an album and UK tour forBernie Tormé, former lead guitar player for Ozzy Osbourne and Deep Purple’s Ian Gillan. The other was a former Virgin Records artist Richard Strange, who has mounted an audacious arts project to celebrate the life and works of American novelist William Burroughs. So, what has Crowdfunding done in these two examples?

Read More http://www.virgin.com/entrepreneur/how-crowdfunding-changed-the-face-of-collaboration

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HEADLINE NEWS

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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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