Post on 12-Apr-2017
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Kickstarter is changing how we make things, how we turn dreams into reality and make ideas come to life (1)
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(2)
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crippling
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crowd-‐fund-‐ing the prac<ce of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.(3)
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“We’re reaching a burs<ng point of crea<vity. People are embracing their own crea<vity more and more…we don’t have to be one thing anymore” – Perry Chen (Founder of Kickstarter) (4)
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(4)
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for example…
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Jennifer Calkins, a biologist, raised almost $5000 from Kickstarter donors to study the quails in Mexico (5)
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“Science crowd funding can change the way the public views science. Scien<sts become beUer at explaining the value of research that’s happening and non-‐scien<sts might become beUer at tuning into it” -‐ Imran Khan (6)
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“We as a society are coming to the end of mass produc<on, industrial phase of the human race. Instead, we have entered an Internet enabled phase, where the economy isn’t about the biggest but being able to do few things well, and then finding an aggregate audience for what seems to be small ideas and niches” – Om Malik (4)
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(10)
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“If you’re an honest person this is a perfectly acceptable source to generate funds. People want to help. Life is circular-‐ you will pay it back by ge[ng an educa<on and empowering others” –Natalie Pa[llo (7)
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Pros of Crowdfunding (9)
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1. Crowdfunding minimizes the tedious fundraising process (and its associated <me and cost) so, entrepreneurs spend more <me where it counts, on the business
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2. Anyone who is interested and has a liUle capital to spare can par<cipate in financings!
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3. !
Cita4ons 1. Malik, O. (2011, May 25). Why Kickstarter Works. Retrieved June 10, 2015, from
hUps://gigaom.com/2011/05/25/why-‐kickstarter-‐wor 2. Kickstarter. (n.d.). Retrieved June 10, 2015, from hUps://www.kickstarter.com/help/stats 3. Crowdfunding Defini<on | Investopedia. (2012, April 25). Retrieved June 10, 2015, from
hUp://www.investopedia.com/terms/c/crowdfunding.asp 4. Malik, O. (2012, May 22). Kickstarted: My conversa<on with Kickstarter co-‐founder Perry Chen. Retrieved
June 10, 2015, from hUps://gigaom.com/2012/05/22/kickstarter-‐founder-‐perry-‐chen-‐intervie/ 5. Lin, T. (2011, July 11). Scien<sts Turn to Crowds on the Web to Finance Their Projects. Retrieved June 10,
2015, from hUp://www.ny<mes.com/2011/07/12/science/12crowd.html?pagewanted=all &_r=0 6. Gray, R. (2015, January 2). Crowdfunded science: Harnessing the wisdom of the crowd, or selling out?
Retrieved June 10, 2015, from hUp://www.theguardian.com/science/2015/jan/02/crowdfunded-‐science-‐scien<sts-‐fund-‐research
7. Farzan, A. (2015, April 28). Ivy League students are asking strangers to help pay the thousands they owe in tui<on. Retrieved June 10, 2015, from hUp://www.businessinsider.com/columbia-‐students-‐crowdfunding-‐tui<on-‐2015-‐4#ixzz3b8wi7bSK
8. Pren<ce, S. (2012, December 31). Crowdfunding is changing the approach to innova<on -‐ Business Circle. Retrieved June 10, 2015, from hUp://www.businesscircle.com.my/crowdfunding-‐is-‐changing-‐the-‐approach-‐to-‐innova<on/
9. Dupree, S. (n.d.). Stanford Graduate School of Business. Retrieved June 10, 2015, from hUp://www.gsb.stanford.edu/ces/crowdfunding-‐101
10. Brownstone, S. (2013, December 6). With The Rise Of Crowdfunding In Higher Educa<on, Dona<ng To Your Alma Mater Could Be Cool Again. Retrieved June 10, 2015, from hUp://www.fastcoexist.com/3022944/with-‐the-‐rise-‐of-‐crowdfunding-‐in-‐higher-‐educa<on-‐dona<ng-‐to-‐your-‐alma-‐mater-‐could-‐be-‐cool-‐