Microphilanthropy, Crowdfunding & Start-Up (REVV 2011)

MICROPHILANTHROPY, CROWDFUNDING & START-UP:The Beginning of Connected Capital?
WHO’S HERE? PAUL OSTERLUND(ABUNDANCE FARMING), JOSH TETRICK (33 NEEDS),
KRISTIN WOLFF (THINKERS+DOERS & YOU

WHO ARE YOU?

WHAT’S “CROWDFUNDING?”

Here’s what Wikipedia says about crowdfunding
Crowdfunding: The collective cooperation, attention and trust by people who network and pool their money and other resources together, usually via the Internet, to support efforts initiated by other people or organizations.
“Crowdfunding is a collaborative funding model; many people give smaller amounts of money to make big things happen.“ Slava, IndieGoGo

WHO’S DOING CROWDFUNDING?
Source: http://www.smartermoney.nl/?p=35#platforms

BUT WAIT! THERE’S MORE…

OMG . . . IS THERE A CURATED VERSION?
= Fund my business
= Fund my creative project
= Fund my social venture

CURATED VERSION (CONT.)
= Fund my personal cause
= Fund my personal project or activity
= Fund my need

INDUSTRY-SPECIFIC PLATFORMS

WHY NOW?

DOES IT WORK?
$80M pledged to date ($35M on Kickstarter) (Source: @RobertAndrews, Jan 2011)
Pulls new funders into market
Fills a gap in investment market (under $10K)
Creates relationships between investees + investors, and investees and each other (but also creates challenges)
Leverages ‘alternative currencies’
“Jury is out”

Josh Tetrick: 33 Needs

JOSH TETRICK, 33 NEEDS
WHY 33 NEEDS?
WHAT DO GOOD PROJECTS DO THAT HELPS THEM SUCCEED?
WHAT DOES “SELFLESSNESS IS PROFITABLE” MEAN?
STATE OF CROWDFUNDING?
ADVICE TO ASPIRING PROJECTS, ENTREPRENEURS, INNOVATORS?

Paul Osterlund: Abundance Farming and ChangeXchange
Springboard Innovation began CXc on-line seed-funding for social innovators in April ’09.
Designed to enable a new breed of citizen social innovators; providing start-up funds for new and proven social ventures, from ‘investors in sustainable change’ @ $5 per share.
Funding financially sustainable social enterprises; nonprofits with a plan for self-sufficiency.
Infrastructure supporting the 5th Space:
Mission Money
GOVERNMENT
BUSINESS
NON-PROFITS
ACADEMIA
SocialEntrepreneurialVentures
Communication Influence
Information Research
Knowledge Benefit Many

www.thechangexchange.org/
CXc soon to release new engineering, images, profiles for listers…new funding partners.
CXc invites listers to apply - new start-up ventures, those replicating successful models, and established non-profits adding a sustaining strategy…and now B-corporations.
Submit your profile summary
Review CXc legal agreement
Q & A / discussion…
Contacts:
paul@springboardinnovation.org
amy@springboardinnovation.org

RESOURCES
http://www.npr.org/blogs/therecord/2011/03/02/134194007/crowdfunding-cuts-out-most-of-the-middlemen
http://destinationdiy.org/episodes/episode33.html
http://mashable.com/2009/07/29/crowdfunding-success/
http://www.blackweb20.com/2011/03/02/crowdfunding-an-alternative-for-minority-startups/
http://gigaom.com/2011/02/18/kickstarter-crowd-funding-hits-1m-a-week/
http://www.readwriteweb.com/archives/can_we_crowdfund_our_lives.php

Flickr Friends: Money (epSos.de); Shadow portrait (humber15); the rest are mine.
Follow REVV2011 or use #REVV201 on Twitter to share comments.

IF TIME…
“Inchvesting” in Loveland
http://buyaframe.lemonadedetroit.com/
Alan Rosenblith’sSymbionomics Film
Jean Russell’s Thrivability Project
Mr. T’s Classroom in Talent, OR

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Microphilanthropy, Crowdfunding & Start-Up (REVV 2011)

by kristin wolff on Mar 09, 2011

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Microphilanthropy, Crowdfunding & Start-Up (REVV 2011) — Presentation Transcript