This document discusses reward-based crowdfunding. It defines crowdfunding as raising funds from a large number of people typically over the internet. It notes that crowdfunding can fund non-profits, political, charitable or commercial initiatives. Examples given are Kickstarter and Indiegogo. It describes how crowdfunding works, involving project creators, backers who pledge money, and a platform to connect them. It provides statistics on successful Kickstarter projects and notes gamers are early adopters of crowdfunding. Reward-based crowdfunding is described as offering rewards to backers depending on pledge amount. Successful projects deliver rewards to backers in following months. Examples given are Star Citizen

1. Faysal Ahmed
Co-Founder, Team 71
Software Engineer, TigerIT Limited
Reward based crowdfunding

2. Crowd Funding
 finance from backer
 "crowd“
 fund an initiative and usually occurs on Internet
platforms
 could be a nonprofit, political, charitable,
commercial
 Financial campaign for a startup company
 Example: kickstarter and indiegogo

3.  people or organizations that propose the ideas
and/or projects to be funded,
 the crowd of people who support the proposals
 Crowdfunding is then supported by an
organization (the "platform") which brings
together the project initiator and the crowd

4. Gamers as crowdfunders
 Gamers are tech savvy and have been early
adopters of crowdfunding platforms,
 using them to fund ideas for new games and
peripherals
 Crowdfunders of gaming don't expect a return on
their money
 are glad to help promote programmers working
on cool projects.

5. Type of crowdfunding
 Reward based
 Equity based
 Donation based
 Credit based

6. Reward based crowdfunding
 a source of funding for small businesses.
 looking for funding up on a crowdfunding portal,
 targeting a certain amount capital to raise.
 gives some type of incentive for participating

7.  by the end of 2013:
 People pledged $928 million to projects on
Kickstarter
 54,233 projects have been funded successfully
 5.4 million people have backed projects
 1.58 million people have backed more than 1
project
 12.8 million total pledges have been made
 Consulting firm, Deloitte estimated over $700 million
would trade hands on rewards-based crowdfunding
platforms.

8. How rewards-based crowdfunding
works
 Business or entrepreneur posts a project
available for funding up on a crowdfunding
platform with a set deadline
 special promotional videos are produced to help
get backers interested in the project.
 In return for backing a project, backers receive
different rewards depending on the amount of
funding they commit (defined by the business or
entrepreneur behind the project)

9.  Business and other supporters of the projects
share the project with friends and family
 Interested backers donate during the project,
sharing their activities over social networks
 If funding targets are hit before the project's
deadline, the deal "tilts" and monies are
exchanged, rewards are committed
 Typically, within the months following a successful
project funding, backers receive their rewards
(though research shows many of the rewards are
late in their delivery)

10. Examples of crowdfunding
projects
 Star Citizen, $35 million (video game)
 Ubuntu Edge, $19 million (smart phone)
 Pebble (watch)