microphilanthropy, crowdfunding & start-up (revv 2011)
DESCRIPTION
Presented to Springboard Innovation's Revisioning Value Conference, March 7-8, 2011. Thanks to all of you - you made the session really fun!TRANSCRIPT
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WHO’S HERE? PAUL OSTERLUND (ABUNDANCE FARMING), JOSH TETRICK (33 NEEDS), KRISTIN WOLFF (THINKERS+DOERS) & YOU
MICROPHILANTHROPY, CROWDFUNDING & START-UP: The Beginning of Connected Capital?
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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
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Source: h7p://www.smartermoney.nl/?p=35#plaIorms
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= Fund my business
= Fund my crea2ve project
= Fund my social venture
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= Fund my personal cause
= Fund my personal project or ac2vity
= Fund my need
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$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”
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Josh Tetrick: 33 Needs
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WHY 33 NEEDS? WHAT DO GOOD PROJECTS DO THAT HELPS THEM SUCCEED? WHAT DOES “SELFLESSNESS IS PROFITABLE” MEAN? STATE OF CROWDFUNDING? ADVICE TO ASPIRING PROJECTS, ENTREPRENEURS, INNOVATORS?
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Springboard Innovation began 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:
GOVERNMENT
Mission Money
Knowledge Benefit Many
Social Entrepreneurial
Ventures
BUSINESS NON-‐PROFITS
CommunicaEon Influence
InformaEon Research
ACADEMIA
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www.thechangexchange.org/ CXc soon to 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]
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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
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Follow REVV2011 or use #REVV201 on Twitter to share comments.
Flickr Friends: Money (epSos.de); Shadow portrait (humber15); the rest are mine.
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“Inchvesting” in Loveland http://buyaframe.lemonadedetroit.com/ Alan Rosenblith’s Symbionomics Film Jean Russell’s Thrivability Project Mr. T’s Classroom in Talent, OR