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Video game maker successfully crowdfunds over $10 million for project

Video game maker successfully crowdfunds over $10 million for project

Chris Roberts is feeling good. He has persuaded over 150,000 people to kick-in $10 million for a product that doesn’t exist and won’t be completed until the end of 2014. But it’s not the pile of cash that’s lighting him up, not even the opportunity to roll out the game’s full feature-set way earlier than previously budgeted, it’s the vindication this public investment represents. If there’s one thing the world has learned from the various successes and failures of video game crowdfunding — from Roberts’ Star Citizen and Tim Schafer’s Broken Age and Brian Fargo’s Wasteland 2, to any number of…

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Whitehouse Celebrates Crowdfunding “Champions of Change”

Whitehouse Celebrates Crowdfunding “Champions of Change”

Today, selected members of the two major crowdfunding professional associations were invited to attend a “Champions of Change” event honoring innovative individuals utilizing crowdfunding to better their communities. The Champions of Change program shares the stories of everyday people that have strengthened their communities through hard work and innovation. Every week, they are invited by the White House to share their insights and stories. Members of the Crowdfunding Professional Association (CfPA) and the Crowdfund Intermediary Regulatory Advocates (CfIRA) participated in the event and were encouraged by the recognition by the Administration of the importance of social enterprise.…

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Crowdfunding Journalism: A New Financing Model for Freelancers?

Toronto-based freelance reporter Naheed Mustafa always paid her own way when she reported from abroad. But that meant that about 70 percent to 80 percent of what she earned went straight toward paying for the costs of traveling. Most news organizations don’t reimburse freelancers for travel costs, and the ones that do don’t offer a lot. Mustafa was looking for a more cost-effective solution, so she turned to crowdfunding platform Indiegogo to raise $15,000 to travel to Pakistan and Afghanistan for in-depth reporting on how its citizens are affected by conflict and war. After two months,…

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Panel: The Keys to Successful Crowdfunding

The key takeaway from the RISE Crowdfunding Super Panel Lunch and Learn Friday was that while crowdfunding started as this groovy, organic, community experience where people gave to causes and companies they believed in—by the time Congress, celebrities and the marketing world gets done with it, it may be a very different animal. The packed lunch session at the AT&T Executive Education and Conference Center included Jeff Henderson, VP of sales and marketing at Invested.in, a Los Angeles based crowdfunding platform; Justin Jensen, founder of Cinetics, an Austin company that builds tools for filmmakers and photographers;…

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Crowdfunding Goes Mainstream: Why Donald Trump and Google Are Supporting Grassroots Financing

A mélange of high-profile brands and personalities are trying to ride the coattails of the recent explosion in the popularity of crowdfunding. A few short years ago, crowdfunding, or raising large sums of money by soliciting many small donations, was an off-the-beaten-path grassroots movement largely relegated to artists. Not anymore. Crowdfunding has captured the attention of cable TV producers at CNBC and A&E, real-estate mogul Donald Trump and tech behemoth Google. Here’s a look at some of their recently announced high-profile projects: • New CNBC prime-time reality TV show Crowd Rules, where small-business owners compete for…

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CNBC Gets Into Crowd-Funding Business With ‘Crowd Rules’

The New York-based series is the latest unscripted effort, debuting at 9 p.m. May 14, for the financial news network under the “CNBC Prime” umbrella. In each episode, three small businesses compete in front of an audience of 100 who vote to decide who wins the $50,000 grand prize. Jewelry designer Kendra Scott and NY1 anchor Pat Kiernan, along with an expert provide advice and help the studio audience — made up of MBA students, consumers and business owners — vote on which company takes home the money. “This idea is an intersection of two things…

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Crowdfunding goes global from Silicon Valley

Crowdfunding is now hitting the global mainstream and the web is abuzz with the launch of the first Silicon Valley Crowdfunding conference. According to independent observers Open Intelligence, who have been monitoring web traffic related to Crowdfunding and the upcoming conference, interest in Crowdfunding is exploding at a rate to rival anything that has gone before. That’s set to increase still further as Silicon Valley – the planet’s biggest concentration of entrepreneurs and funders – get’s in on the act. Until now New York, home to Kickstarter.com has arguably been at the epicentre of the fast…

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Crowdfunding Experts Gather on Anniversary of JOBS Act at Silicon Valley Crowdfund Conference

Leaders of the Venture Capital and Crowdfunding industry gather today at the SV Crowdfund Conference in honor of the anniversary of President Obama signing the JOBS Act into law; leading to the largest changes in securities laws since the 1930s. Silicon Valley Crowdfund provides the participants with the unique opportunity to discuss current state of the industry, to learn from experts in venture capital, business angel and Crowdfunding fields, as well as to network and find new partnerships. The conference program will be emceed by Howard Leonhardt on behalf of Startup California and includes keynote speeches…

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Crowdfunding Could Be New Model for PBS

Public Broadcasting (PBS) may have hit on a new way to fund programming by using crowdfunding. To fund an episode on climate change, the film-makers are turning to crowdfunding site, Kickstarter. If that’s successful, it could become a new model for PBS funding. Emmy-Award winning filmmakers Marilyn and Hal Weiner are raising funds to support the episode, Extreme Realities, in their continuing PBS series, Journey to Planet Earth. Matt Damon is hosting and narrating the one-hour documentary that investigates the delicate relationship between climate change, extreme weather events and threats to our national security. It will…

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