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Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
Social Media Personal Learning Assignment
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Social Media Personal Learning Assignment

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I snipit of what Crowdfunding is all about.

I snipit of what Crowdfunding is all about.

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  • 1. Crowdfunding
    By: Lorraine Fannon
  • 2. What is Crowd Funding?
    Also known as crowd financing, or crowd sourced capital
    It is a collective cooperation, and trust by people who pool there money and other resources together, to support efforts initiated by other people or organizations.
  • 3.
  • 4. In other Words:
    Crowdfunding is a whole bunch of people giving you a little bit of help financing your project (artists or otherwise)
    It is a form of charity or donation that uses social media, online communities, and micropayment (paypal).
  • 5.
  • 6. History:
    In 1602- VOC (Dutch East India company) was the first to offer shares, through the first stock exchange: the Amsterdam stock Exchange. They offered shares to share the financial risk of dangerous and expensive journeys to the East.
    1997-A British Rock group “Marillion” was the first to start crowdfunding in the music industry by gathered $60,000 to finance their US tour from fans.
  • 7. The oldest share in the world (1606)
  • 8. History: (cont)
    2003- ArtistShare, started formalizing “fanfunding” to let fans pre fund an album for artists.
    2004- microcredit platform KIVA opened it’s doors and is now one of the most successful crowdfunding platforms, having raise over $165 million through crowdfunding.
    2006- SellaBand copied “fundfunding” with a twist, where everyone start raising funds to record an album.
  • 9.
  • 10. Examples:
    A government that asks citizens to pay taxes is using crowdfunding model to finance public goods.
    Kickstarter
    Rockethub
    Quirky
    Fundbreak
    CatWalkGenius
    Fan Next Door
    IndieGoGo
    Cofundos
    Profounder
  • 11. References:
    Crowdsourcing.org, A History of Crowdfunding. Retrieved April 10th 2011, from http://www.crowdsourcing.org/document/a-history-of-crowdfunding/3169
    UluleVox, A brief History of Crowdfunding, Retrieved April 10th 2011, from http://vox.ulule.com/a-brief-history-crowdfunding-1-1097/
    Wikipedia The Free Encyclopedia, Crowd Funding, Retrieved April 10th 2011, from http://en.wikipedia.org/wiki/Crowd_funding

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