topic Re: Crowd Funding in Community Spirit

Crowd Funding

jean2579 — Tue, 24 Sep 2013 07:11:46 GMT

Can anyone explain it please?

Re: Crowd Funding

freakiness — Tue, 24 Sep 2013 09:51:16 GMT

@jean2579 wrote:
Can anyone explain it please?

It's funding sourced from lots of people. Usually a reward or incentive is offered in return.

Re: Crowd Funding

jean2579 — Tue, 24 Sep 2013 09:54:50 GMT

Thanks freakiness, we were at the local markets on the weekend and a young couple who started organic farming about 2 years ago were wanting to expand the farm and had brochures out asking for crowd funding. The brochures didn't explain nor did their website, so we were not sure.

Re: Crowd Funding

freakiness — Tue, 24 Sep 2013 11:41:21 GMT

@jean2579 wrote:
Thanks freakiness, we were at the local markets on the weekend and a young couple who started organic farming about 2 years ago were wanting to expand the farm and had brochures out asking for crowd funding. The brochures didn't explain nor did their website, so we were not sure.

have a look at pozible.com or indiegogo.com for some examples and explanation.

Cathy McGowan funded at least part of her campaign by crowd funding.

Re: Crowd Funding

poddster — Tue, 24 Sep 2013 11:52:59 GMT

In other words it when someone either does not have the funds or is not prepared to fund their project themselves.

They just want to reap the benefit without risking their own funds. There are lots of gullible donors it seems.

Re: Crowd Funding

lynny_oz — Tue, 24 Sep 2013 12:22:34 GMT

There are many people who donate to crowdfunding projects to help save the lives of sick children.

Do you think these people are gullible?

Re: Crowd Funding

freakiness — Tue, 24 Sep 2013 12:56:26 GMT

@poddster wrote:
In other words it when someone either does not have the funds or is not prepared to fund their project themselves.
They just want to reap the benefit without risking their own funds. There are lots of gullible donors it seems.

What happened to make you so bitter about other people?

Would you rather people go on welfare or create opportunities for themselves. They do have to offer a reward of some sort for any funding they secure.

Re: Crowd Funding

poddster — Tue, 24 Sep 2013 13:12:06 GMT

Do you think that making people aware of potential scams and being taken advantage of as bitterness??

I see it more as a community service, alerting people to be aware of someone who may be taking advantage of them is a good thing don't you think?

Re: Crowd Funding

not_an_eloi — Tue, 24 Sep 2013 13:51:15 GMT

http://en.wikipedia.org/wiki/Crowdfunding

mate took an invention that he'd developed a prototype for, to 'the inventors' show

invention was a great idea, mate was seekin' investors for capital as a start-up, to tool up,

and to cover patent costs.

found it was near-impossible to get that from normal sources. 'is grandkid set up a

crowd fund, he raised dough through that, to take the thing to the next level

in the production. paid it all back within a couple of years.

some poster 'ere, has a kiva loan thread, kiva loans are an example of crowd fundin'

there'd be a stack of risk involved. if you can't afford to lose the dough, don't risk it. aye.

Re: Crowd Funding

poddster — Tue, 24 Sep 2013 14:02:08 GMT

Just something that makes sense I found

PRO - Complex, difficult, and niche ideas get funded. Entrepreneurs not constrained to 5-7 year payback windows can pursue models with high creativity, democratized invention, and positive externalities in society. Unusual companies (such as Copenhagen Suborbitals, a Dutch space company sending humans into orbit) have the opportunity to form, recruit sharp minds and push boundaries.

CON - Crazy ideas get funded. More ideas get funded today than can possibly return capital, but with crowdfunding the percentage of successes markedly decreases. A lion's share of crowdfunded investments will never make money and investors will be out-of-luck. While small, fragmented investments limit the catastrophic risk to any single investor, too many failures will give crowdfunding a bad rap and prompt regulatory tightening.

Crowdfunding in some form or fashion will inevitably increase over the next few years. Companies requiring stealth or huge amounts of startup capital may continue to be funded in more traditional ways. Venture capitalists will still plug the funding gap for growth- and later-stage companies. However, in the immediate term, crowdfunding is poised to alter the entrepreneurial ecosystem significantly - just like angel investing, venture capital, and private equity before it.

Re: Crowd Funding

poddster — Tue, 24 Sep 2013 14:11:47 GMT

It could be the opposite of that assessment.

The observations of someone who has seen a lot of people suckered in by fast talk and a promise of a fast monetary return on hair brained schemes that are sugar coated to make them easier to swallow.

A lot of times these schemes attract the unaware and gullible.

Don't misunderstand what I have said, everyone should make their own decisions on everything but it should be an aware and informed decision.

Re: Crowd Funding

not_an_eloi — Wed, 25 Sep 2013 03:56:33 GMT

a perfect topical example of crowd fundin' , in action:

http://www.climatecouncil.org.au/

(shades)

Re: Crowd Funding

just_me_karen — Wed, 25 Sep 2013 04:01:32 GMT

Excellent example of the power of crowd funding, Eloi. I just received my first message from them:

Yesterday was our first day, and it was incredible. Here's a few stats to show you how well it's going. In just 24 hours we have:
Had over 10,000 people sign up as founding members
That's 9,000 more since we filmed the video yesterday!
More than $430,000 already chipped in
38,000 likes on our Facebook page
Trended on Twitter nation-wide many times

So you can see the potential of crowd funding. My return on investment will be accessing politically neutral reports on current research into climate....the first one is due to be released this weekend 🙂

Re: Crowd Funding

***super_nova*** — Wed, 25 Sep 2013 08:13:58 GMT

@freakiness wrote:
Often those who constantly see bad in everyone else are seeing their own reflection.

I read that a long time ago, and I have found that it is pretty much correct. Honest people always expect others to be honest too. 🙂

Re: Crowd Funding

poddster — Wed, 25 Sep 2013 10:39:12 GMT

There is another well known wise saying;-

"Fools rush in where angels fear to tread"

From My observation there is certainly a lot of rushing around here 🙂

Re: Crowd Funding

just_me_karen — Wed, 25 Sep 2013 11:07:40 GMT

That's a good saying, but not everyone is fearful of learning and new concepts. Some people like learning and are curious about new concepts. Some people even like standing up for issues that impact our future.

Re: Crowd Funding

poddster — Wed, 25 Sep 2013 11:14:30 GMT

All very noble sentiments but a tad misplaced.

Definitive proof of correlation would be a good start instead propaganda and cherry picked opinion 🙂

Re: Crowd Funding

freakiness — Wed, 25 Sep 2013 11:18:06 GMT

@poddster wrote:
All very noble sentiments but a tad misplaced.
Definitive proof of correlation would be a good start instead propaganda and cherry picked opinion 🙂

Nobody said you have to crowd fund anyone's project. Nor did anyone say the rest of the world has to be as sour, untrusting and scornful as you, thankfully.

People can choose to be generous of their own free will. That doesn't mean they're stupid or gullible.

Re: Crowd Funding

poddster — Wed, 25 Sep 2013 11:26:39 GMT

May I direct your attention to post #12.

Read slowly and understand 🙂

Re: Crowd Funding

just_me_karen — Wed, 25 Sep 2013 11:27:49 GMT

No. It's based on fear.