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THE DYNAMICS OF
CROWDFUNDING
ISABELLA BIGLEY
SOLAR LIGHTS VS. OCEANIC BUOYS
SOLIGHT
FOCUS: LIGHT FOR THOSE IN
PUERTO RICO AFFECTED BY
HURRICANE MARIA
FUNDING GOAL: $8,860
ACTUAL: $57,988
TYPE: ENERGY & GREENTECH
https://www.indiegogo.com/projects/solar-lights-that-are-
changing-the-world#/
REWARDS
$8: DONATE TWILIGHT BOX
$10: DONATE SOLAR PUFF
$25: BUY ONE DONATE ONE
$39: DONATE THREE
$40: BUY ONE DONATE ONE
$78: DONATE SIX
$100: BUY THREE DONATE THREE
$130: DONATE TEN
$200: BUY SIX DONATE SIX
$250: BUY SIX DONATE SIX
$320: BY TEN DONATE TEN
$650: BUY TWENTY DONATE TWENTY
$1000: BUY FORTY GIVE FORTY
$6000: TRIP TO PUERTO RICO
VIDEO: 7/10
LIKE DISLIKE
GOOD VARIETY OF
REWARD BASED
OPTIONS
VIDEO CONTAINED WELL
INFORMED PRODUCT
INFORMATION
UNORGANIZED
INDIEGOGO PAGE
VIDEO DIDN’T SHOW
MUCH OF PRODUCT
APPLICATION
SUCCESSFUL
EXCEEDED FUNDING
GOAL BY 654%
SUSTAINABLE
PRODUCT
VIDEO COMPELLING
ENOUGH TO INSPIRE
RESQUNIT
FOCUS: REDUCE POLLUTION
THROUGH ALERT TAGS ON
OCEAN DEBRIS
FUNDING GOAL: $49,532
ACTUAL: $25.00
TYPE: TECHNOLOGY
https://www.kickstarter.com/projects/1769896
355/resqunit-reduce-oceanic-
pollution?ref=category&ref=discovery
REWARDS
$6 PLEDGE WITHOUT A REWARD
$25 : FIRST REQUNITS PRODUCED
$621: THANK YOU PLAQUE & RESQUNIT SPONSOR
VIDEO: 5/10
LIKE DISLIKE
SIMPLE, UNIQUE &
SPECIFIC REWARDS
REWARDS DO NOT
SATISFY THE CUSTOMER
VIDEO IS TOO GENERAL;
APPARENT LACK OF
RESEARCH
UNSUCCESSFUL
DID NOT REACH FUNDING GOAL
POOR ADVERTISING
IRRELEVANT REWARDS
• https://www.indiegogo.com/projects/solar-lights-that-are-changing-the-world#/
• https://www.kickstarter.com/projects/1769896355/resqunit-reduce-oceanic-
pollution?ref=category&ref=discovery
• http://www.photosforclass.com/search?text=crowd
• http://www.photosforclass.com/search?text=project
• http://www.photosforclass.com/search?text=lights
• http://www.photosforclass.com/search/puerto%20rico/9
• http://www.photosforclass.com/search/camping/4
• http://www.photosforclass.com/search?text=fruit
• http://www.photosforclass.com/search?text=apple
• http://www.photosforclass.com/search?text=lantern
• http://www.photosforclass.com/search/marine%20life/2
• http://www.photosforclass.com/search/shipwreck/2
• http://www.photosforclass.com/search?text=ocean
• http://www.photosforclass.com/search?text=waves
• http://www.photosforclass.com/search?text=disaster
• http://www.photosforclass.com/search?text=blurred+light
SOURCES

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The Dynamics of Crowdfunding

  • 2. SOLAR LIGHTS VS. OCEANIC BUOYS
  • 4. FOCUS: LIGHT FOR THOSE IN PUERTO RICO AFFECTED BY HURRICANE MARIA FUNDING GOAL: $8,860 ACTUAL: $57,988 TYPE: ENERGY & GREENTECH https://www.indiegogo.com/projects/solar-lights-that-are- changing-the-world#/
  • 5. REWARDS $8: DONATE TWILIGHT BOX $10: DONATE SOLAR PUFF $25: BUY ONE DONATE ONE $39: DONATE THREE $40: BUY ONE DONATE ONE $78: DONATE SIX $100: BUY THREE DONATE THREE $130: DONATE TEN $200: BUY SIX DONATE SIX $250: BUY SIX DONATE SIX $320: BY TEN DONATE TEN $650: BUY TWENTY DONATE TWENTY $1000: BUY FORTY GIVE FORTY $6000: TRIP TO PUERTO RICO VIDEO: 7/10
  • 6. LIKE DISLIKE GOOD VARIETY OF REWARD BASED OPTIONS VIDEO CONTAINED WELL INFORMED PRODUCT INFORMATION UNORGANIZED INDIEGOGO PAGE VIDEO DIDN’T SHOW MUCH OF PRODUCT APPLICATION
  • 7. SUCCESSFUL EXCEEDED FUNDING GOAL BY 654% SUSTAINABLE PRODUCT VIDEO COMPELLING ENOUGH TO INSPIRE
  • 9. FOCUS: REDUCE POLLUTION THROUGH ALERT TAGS ON OCEAN DEBRIS FUNDING GOAL: $49,532 ACTUAL: $25.00 TYPE: TECHNOLOGY https://www.kickstarter.com/projects/1769896 355/resqunit-reduce-oceanic- pollution?ref=category&ref=discovery
  • 10. REWARDS $6 PLEDGE WITHOUT A REWARD $25 : FIRST REQUNITS PRODUCED $621: THANK YOU PLAQUE & RESQUNIT SPONSOR VIDEO: 5/10
  • 11. LIKE DISLIKE SIMPLE, UNIQUE & SPECIFIC REWARDS REWARDS DO NOT SATISFY THE CUSTOMER VIDEO IS TOO GENERAL; APPARENT LACK OF RESEARCH
  • 12. UNSUCCESSFUL DID NOT REACH FUNDING GOAL POOR ADVERTISING IRRELEVANT REWARDS
  • 13. • https://www.indiegogo.com/projects/solar-lights-that-are-changing-the-world#/ • https://www.kickstarter.com/projects/1769896355/resqunit-reduce-oceanic- pollution?ref=category&ref=discovery • http://www.photosforclass.com/search?text=crowd • http://www.photosforclass.com/search?text=project • http://www.photosforclass.com/search?text=lights • http://www.photosforclass.com/search/puerto%20rico/9 • http://www.photosforclass.com/search/camping/4 • http://www.photosforclass.com/search?text=fruit • http://www.photosforclass.com/search?text=apple • http://www.photosforclass.com/search?text=lantern • http://www.photosforclass.com/search/marine%20life/2 • http://www.photosforclass.com/search/shipwreck/2 • http://www.photosforclass.com/search?text=ocean • http://www.photosforclass.com/search?text=waves • http://www.photosforclass.com/search?text=disaster • http://www.photosforclass.com/search?text=blurred+light SOURCES