People helping people. The startup model that inspires creative and innovative ideas from around the world.

1. Crowdfunding
People helping people.
Allan Down
Photo by National Cancer Institute Creative Commons Attribution License http://commons.wikimedia.org/wiki/File:Clasped_hands.jpg

2. This start-up business
model that inspires
creative, innovative ideas
can potentially disrupt
industries as consumers
become more
empowered than ever
before.
Photo by Rachel Melton Creative Commons Attribution License https://www.flickr.com/photos/agentmelton/8270417673

3. CROWDFUNDING allows people from around the world to
fund projects by raising small amounts of money from a large
group of people… (10)
Photo by Keoni Cabral Creative Commons Attribution License https://www.flickr.com/photos/keoni101/5621007786

4. and it’s starting to take off.and it’s starting to
TAKE
OFFPhoto by Jenna Davison Creative Commons Attribution License http://jennadavison.blogspot.ca/2014/10/inspiration-post_30.html

5. In 2013 was raised.
By 2014 was raised.(5)
Photo by Nayu Kim Creative Commons Attribution License http://commons.wikimedia.org/wiki/File:Highway_401_by_401-DVP.jpg

6. In 2015, the crowdfunding
industry is expected to double,
raising
for individuals around the world
hoping to raise money from
friends, family and, in many cases,
complete strangers.(5)
Photo by Scott Schwartz Creative Commons Attribution License https://www.flickr.com/photos/126793344@N05/15158542318

7. Kickstarter is a global
crowdfunding platform
whose mission is to help
bring creative projects to
life.(1)
Photo by Paul Bica Creative Commons Attribution License www.flickr.com/photos/dexxus/2633073227/

8. “Bad stuff gets made in the system… You get
constrained funding so that one out of every
thousand people can get a shot… That’s what
we want to break apart.
”- Perry Chen, Co-Founder of Kickstarter (9)
Photo by joinash Creative Commons Attribution License www.flickr.com/photos/joinash/7333022286/

9. Crowdfunding can offer non-profits and smaller
organizations the same reach as multi-billion dollar
corporations. (11)
Photo by Scott Shwartz Creative Commons Attribution License www.flickr.com/photos/126793344@N05/15322114716/

10. The Pebble Watch was rejected
by institutional investors…
Photo by (no name) Creative Commons Attribution License http://upload.wikimedia.org/wikipedia/commons/1/15/Pebble_watch_email_1.png

11. …But embraced by consumers
through Kickstarter.
This watch has raised over
from
people from around the
world. (9)
Photo by Mark Creative Commons Attribution License www.flickr.com/photos/coffeegeek/8494164244/

12. Even researchers are beginning
to capitalize on crowdfunding.
Photo by Lin Kristensen Creative Commons Attribution License upload.wikimedia.org/wikipedia/commons/d/d6/Timeless_Books.jpg

13. For example…
Dr. Jennifer D. Calkins
and Dr. Jennifer M. Gee
raised nearly $5,000
from Kickstarter to
finance their research
on quail. (8)
Photo by Dave Menke Creative Commons Attribution License http://www.public-domain-image.com/free-images/fauna-animals/birds/quail-
pictures/california-quail-standing-on-end-of-stump/attachment/california-quail-standing-on-end-of-stump

14. These campaigns empower ‘the people’ to fund science – a
paradigm shift, since science has traditionally been supported by
governments, endowments or other institutions.
“
”- Brian Meece, founder of RocketHub (6)
Photo by Tom Hall Creative Commons Attribution License www.flickr.com/photos/tom_hall_nz/15375375972/

15. People are even crowdfunding their education.
Photo by Lawrence OP Creative Commons Attribution License www.flickr.com/photos/paullew/3555655023/

16. For example…
Natalie Pattillo, who
will be attending
Columbia, raised
$3,150 in six weeks
from her GoFundMe
campaign. (3)
Photo by Sam Jordan Creative Commons Attribution License www.flickr.com/photos/samjordan/3574502474

17. In fact, on Kickstarter alone, there are 15 different
categories with thousands of amazing projects.
Photo by Diana Robinson Creative Commons Attribution License www.flickr.com/photos/dianasch/17134232071/

18. Art
Fashion
Music
Comics
Film & Video
Photography
Crafts
Food
Publishing
Dance
Games
Technology
Desgin
Journalism
Theater
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
These include:
(7)
Photo by Bruno Monginoux Creative Commons Attribution License landscape-hoto.net/albums/userpics/10001/11/Night_sky_-02.jpg

19. Here’s 3 reasons why crowdfunding is
good and here to stay:
Photo by Creative Commons Attribution License

20. 1
Crowdfunding democratizes finance. (4)
Before crowdfunding, the relationships with angel investors ,
start-up founders and banks determined whether a project
would be funded.
Now, the public decides and projects succeed based on merit
alone.
Photo by Tax Credits Creative Commons Attribution License https://www.flickr.com/photos/76657755@N04/7658205070/in/

21. 2
Less personal investment is required. (2)
Crowdfunding minimizes the cost and time of the fundraising
process.
Entrepreneurs are now able to spend more time on
developing the business.
Photo by Evil Erin Creative Commons Attribution License www.flickr.com/photos/evilerin/4714974989/

22. 3
Many more ideas get funded. (2)
The entire world is now able to fund initiatives and
consequently, complex, niche ideas will get funded.
Individuals not constrained to small payback windows can
develop projects with high creativity.
Photo by Lauren Finkel Creative Commons Attribution License www.flickr.com/photos/-followthemusic-/6758284261

23. Works Cited
1. Chen, P., Strickler, Y., & Adler, C. (2013, May 9). Who is Kickstarter for? Retrieved June 12, 2015, from
https://www.kickstarter.com/blog/who-is-kickstarter-for
2. Dupree, S. (2013). Stanford Graduate School of Business. Retrieved June 12, 2015, from
http://www.gsb.stanford.edu/ces/crowdfunding-101
3. Farzan, A. (2015, April 28). Ivy League students are asking strangers to help pay the thousands they owe in
tuition. Retrieved June 12, 2015, from http://www.businessinsider.com/columbia-students-crowdfunding-
tuition-2015-4#ixzz3b8wi7bSK
4. Gilpin, L. (2014, April 30). The rise of crowdfunding: 10 things to know. Retrieved June 12, 2015, from
http://www.techrepublic.com/article/the-rise-of-crowdfunding-10-things-to-know/
5. Global Crowdfunding Market to Reach $34.4B in 2015, Predicts Massolution's 2015CF Industry Report. (2015,
April 7). Retrieved June 12, 2015, from http://www.crowdsourcing.org/editorial/global-crowdfunding-market-
to-reach-344b-in-2015-predicts-massolutions-2015cf-industry-report/45376
6. Gray, R. (2015, January 2). Crowdfunded science: Harnessing the wisdom of the crowd, or selling out? Retrieved
June 12, 2015, from http://www.theguardian.com/science/2015/jan/02/crowdfunded-science-scientists-fund-
research
7. Kickstarter. (n.d.). Retrieved June 12, 2015, from https://www.kickstarter.com/discover?ref=nav
8. Lin, T. (2011, July 11). Scientists Turn to Crowds on the Web to Finance Their Projects. Retrieved June 12, 2015,
from http://www.nytimes.com/2011/07/12/science/12crowd.html?pagewanted=all
9. Malik, O. (2012, May 22). Kickstarted: My conversation with Kickstarter co-founder Perry Chen. Retrieved June
12, 2015, from https://gigaom.com/2012/05/22/kickstarter-founder-perry-chen-intervie/
10. Prive, T. (2012, November 27). What Is Crowdfunding And How Does It Benefit The Economy. Retrieved June 12,
2015, from http://www.forbes.com/sites/tanyaprive/2012/11/27/what-is-crowdfunding-and-how-does-it-
benefit-the-economy/
11. Sharma, R. (2014, August 20). Stop Pouring Ice on Clicktivism. Retrieved June 12, 2015, from
http://www.huffingtonpost.com/ritusharma/stop-pouring-ice-on-click_b_5692555.html