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jason@thinkcs.org   jason.sean.potts   JasonSeanPotts




Crowdfunding live!
Jason Potts, THINK, jason@thinkcs.org
“Geek-free workshop”

    Please ask if it doesn’t
       make sense!
   But only in Clingon 
Why is it important?


Different shapes & sizes?


Key ingredients?
An experiment
http://www.kiva.org/lend/?
1
                             2
                                 I’m helping X from X
                                 reach his target of
                                 $X by the end of
                                 today to fund X
                                 http://www.kiva.org
                                 /lend/?
                                 pls join in :)



http://www.kiva.org/lend/?
What is Crowdfunding?
http://tinyurl.com/d4vlnqa - infographic
1997 - US fans of Marillion underwrite US tour to the tune of $60,000.

    2001 - The most universal example of Crowdsourcing – Wikipedia was
   launched, I billion edits and counting and not one editor on the payroll.

           End 2001 – 2.6 m people use JustGiving to raise money.

   2004 - Kiva.org was launched, over $300 million in loans and counting.

 2008 - Cancer Research UK, MyProjects, raises £1 million whilst still in beta.


2012 - Amanda Palmer, cult US musician, raises $1 million on Kickstarter from
             25,000 fans in a month to fund her new record!
ORG
.ORG
(Thanks to Amy Ward -www.amysampleward.org)
1. People coming together to jointly fund a
   specific project(s) or initiative(s)
2. Can be focused around important dates (like
   someone's birthday or sponsor a day)
3. Accountable & transparent (specific amount
   needed for a specific purpose and can see the
   target and how many other people have
   helped so far)
4. Usually spread through online social
   interactions, people don't have to know each
   other to do this (viral growth through friends
   of friends)
5. Time limited in the main or at least structured
   to a deadline/inbuilt conclusion of some kind
Why is it important?
9




                  $1.6                              $6.2
                 Billion                           Billion




                2009                               2013

http://tinyurl.com/cff56nz - eConsultancy report
Amanda Palmer, cult
US musician, raised a
million dollars from
25,000 fans on


in a month to fund her
new record!
Raised a
million whilst
   in Beta

Roughly 2/3rds
of people who
 donated are
  new to the
    charity
It comes in many shapes and sizes?
1. MICROFINANCE LENDING - http://vimeo.com/28413747
2. BUY THE PARTS TO BUILD THE WHOLE
3. CHOOSE A DAY
4. BRINGING REAL PROJECTS TO LIFE
Case Study




5. CROWDFUNDING LIVE & EXCLUSIVE
6. INSPIRED BY AN INDIVIDUAL
7. THE CROWD IS THE POINT
8. DON’T HIT TARGET, DON’T GET THE MONEY
•   780 people entered
                                      •   22,847 votes were cast
                                          by 3,471 people
                                      •   Averaged 3,200 votes
                                          per week during the
                                          campaign




9. CAN ALL HAPPEN IN A SOCIAL SPACE
10. INVOLVING THE CROWD (NOT JUST MONEY)
Key ingredients?
Start with...




 A QUIZ OR A VIDEO
How can you be
     more
 transparent?
Yay 




        Boo 
How can you
give donors
more choice?
Start with...



 How canOR A VIDEO make
      A QUIZ you

your online donation
  experience more
       social?
How can you use
 gamification?
IDEA:                                          HOW:
   What’s        FEASIBILITY:                    Platform,
your version       Project(s),                 self build or
 of Crowds          content,                    integrated
                   reporting




                             PROMO:                   MECHANICS:
   ONGOING:               Influencers, viral           Timings, target,
   Running the                 spread                     success!
    campaign
The results
THANK YOU
                & QUESTIONS


jason@thinkcs.org   jason.sean.potts   JasonSeanPotts

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Case 2012 crowdfunding session to share

  • 1. jason@thinkcs.org jason.sean.potts JasonSeanPotts Crowdfunding live! Jason Potts, THINK, jason@thinkcs.org
  • 2. “Geek-free workshop” Please ask if it doesn’t make sense! But only in Clingon 
  • 3. Why is it important? Different shapes & sizes? Key ingredients?
  • 6. 1 2 I’m helping X from X reach his target of $X by the end of today to fund X http://www.kiva.org /lend/? pls join in :) http://www.kiva.org/lend/?
  • 9. 1997 - US fans of Marillion underwrite US tour to the tune of $60,000. 2001 - The most universal example of Crowdsourcing – Wikipedia was launched, I billion edits and counting and not one editor on the payroll. End 2001 – 2.6 m people use JustGiving to raise money. 2004 - Kiva.org was launched, over $300 million in loans and counting. 2008 - Cancer Research UK, MyProjects, raises £1 million whilst still in beta. 2012 - Amanda Palmer, cult US musician, raises $1 million on Kickstarter from 25,000 fans in a month to fund her new record!
  • 10. ORG
  • 11. .ORG
  • 12. (Thanks to Amy Ward -www.amysampleward.org)
  • 13. 1. People coming together to jointly fund a specific project(s) or initiative(s) 2. Can be focused around important dates (like someone's birthday or sponsor a day) 3. Accountable & transparent (specific amount needed for a specific purpose and can see the target and how many other people have helped so far) 4. Usually spread through online social interactions, people don't have to know each other to do this (viral growth through friends of friends) 5. Time limited in the main or at least structured to a deadline/inbuilt conclusion of some kind
  • 14. Why is it important?
  • 15. 9 $1.6 $6.2 Billion Billion 2009 2013 http://tinyurl.com/cff56nz - eConsultancy report
  • 16. Amanda Palmer, cult US musician, raised a million dollars from 25,000 fans on in a month to fund her new record!
  • 17. Raised a million whilst in Beta Roughly 2/3rds of people who donated are new to the charity
  • 18. It comes in many shapes and sizes?
  • 19.
  • 20. 1. MICROFINANCE LENDING - http://vimeo.com/28413747
  • 21. 2. BUY THE PARTS TO BUILD THE WHOLE
  • 22. 3. CHOOSE A DAY
  • 23. 4. BRINGING REAL PROJECTS TO LIFE
  • 24. Case Study 5. CROWDFUNDING LIVE & EXCLUSIVE
  • 25. 6. INSPIRED BY AN INDIVIDUAL
  • 26. 7. THE CROWD IS THE POINT
  • 27. 8. DON’T HIT TARGET, DON’T GET THE MONEY
  • 28. 780 people entered • 22,847 votes were cast by 3,471 people • Averaged 3,200 votes per week during the campaign 9. CAN ALL HAPPEN IN A SOCIAL SPACE
  • 29. 10. INVOLVING THE CROWD (NOT JUST MONEY)
  • 31. Start with... A QUIZ OR A VIDEO How can you be more transparent?
  • 32. Yay  Boo 
  • 33. How can you give donors more choice?
  • 34.
  • 35. Start with... How canOR A VIDEO make A QUIZ you your online donation experience more social?
  • 36.
  • 37. How can you use gamification?
  • 38.
  • 39. IDEA: HOW: What’s FEASIBILITY: Platform, your version Project(s), self build or of Crowds content, integrated reporting PROMO: MECHANICS: ONGOING: Influencers, viral Timings, target, Running the spread success! campaign
  • 41. THANK YOU & QUESTIONS jason@thinkcs.org jason.sean.potts JasonSeanPotts