Microphilanthropy, Crowdfunding & Start-Up (REVV 2011)

Microphilanthropy, Crowdfunding & Start-Up (REVV 2011)

• 1.
  MICROPHILANTHROPY, CROWDFUNDING & START-UP: The Beginningof Connected Capital? WHO’S HERE? PAUL OSTERLUND (ABUNDANCE FARMING), JOSH TETRICK (33 NEEDS), KRISTIN WOLFF (THINKERS+DOERS) & YOU
• 4.
   Crowdfunding:  The  collec2ve  coopera2on,   a7en2on  and  trust  by  people  who  network   and  pool  their  money  and  other  resources   together,  usually  via  the  Internet,  to  support   efforts  ini2ated  by  other  people  or   organiza2ons.     “Crowdfunding is a collaborative funding model; many people give smaller amounts of money to make big things happen.“ Slava, IndieGoGo
• 5.
  Source:  h7p:// www.smartermoney.nl/? p=35#plaIorms  
• 7.
  =  Fund  my  business   =  Fund  my  crea2ve  project   =  Fund  my  social  venture  
• 8.
  =  Fund  my  personal  cause   =  Fund  my  personal  project   or  ac2vity   =  Fund  my  need  
• 11.
   $80M  pledged  to  date  ($35M  on  Kickstarter)   (Source:  @RobertAndrews,  Jan  2011)    Pulls  new  funders  into  market    Fills  a  gap  in  investment  market  (under  $10K)    Creates  rela2onships  between  investees  +   investors,  and  investees  and  each  other  (but  also   creates  challenges)    Leverages  ‘alterna2ve  currencies’    “Jury  is  out”  
• 12.
  Josh Tetrick: 33Needs
• 13.
   WHY 33 NEEDS?  WHATDO GOOD PROJECTS DO THAT HELPS THEM SUCCEED?  WHAT DOES “SELFLESSNESS IS PROFITABLE” MEAN?  STATE OF CROWDFUNDING?  ADVICE TO ASPIRING PROJECTS, ENTREPRENEURS, INNOVATORS?
• 14.
    Springboard Innovationbegan CXc on-line seed-funding for social innovators in April ’09.   Designed to enable a new breed of citizen social innovators; providing start-up funds for new and proven social ventures, from ‘investors in sustainable change’ @ $5 per share.   Funding financially sustainable social enterprises; nonprofits with a plan for self-sufficiency.   Infrastructure supporting the 5th Space: Mission     Money   NON-­‐PROFITS   BUSINESS        Social   CommunicaEon   Entrepreneurial   InformaEon   Influence   Research   Ventures   GOVERNMENT   ACADEMIA   Knowledge   Benefit  Many    
• 15.
  www.thechangexchange.org/   CXc soonto release new engineering, images, profiles for listers…new funding partners.   CXc invites listers to apply - new start-up ventures, those replicating successful models, and established non-profits adding a sustaining strategy…and now B-corporations.   Submit your profile summary   Review CXc legal agreement   Q & A / discussion… Contacts: [email protected] [email protected]
• 16.
   http://www.npr.org/blogs/therecord/ 2011/03/02/134194007/crowdfunding-cuts-out-most-of- the-middlemen  http://destinationdiy.org/episodes/episode33.html  http://mashable.com/2009/07/29/crowdfunding- success/  http://www.blackweb20.com/2011/03/02/ crowdfunding-an-alternative-for-minority-startups/  http://gigaom.com/2011/02/18/kickstarter-crowd- funding-hits-1m-a-week/  http://www.readwriteweb.com/archives/ can_we_crowdfund_our_lives.php
• 17.
  Flickr Friends: Money(epSos.de); Shadow portrait (humber15); the rest are mine. Follow REVV2011 or use #REVV201 on Twitter to share comments.
• 18.
   “Inchvesting” in Loveland  http://buyaframe.lemonadedetroit.com/  AlanRosenblith’s Symbionomics Film  Jean Russell’s Thrivability Project  Mr. T’s Classroom in Talent, OR