Posts Tagged ‘ Kickstarter ’

Why crowdfunding hasn’t caught on in Asia

Why crowdfunding hasn’t caught on in Asia

The popular fundraising method hasn’t stuck yet. It’s only a matter of time. FORTUNE — The crowdfunding industry made it clear it isn’t going anywhere last year. Popular crowdfunding platforms like Kickstarter and Indiegogo made it simple for entrepreneurs to fund their creative projects by soliciting donations from the general public. With more than 600 platforms worldwide, crowdfunding has grown from a $530 million industry in 2009 to nearly $2.7 billion last year, according to a recent study by Massolution, a research firm specializing in crowdsourcing businesses. The relatively new funding strategy — in which entrepreneurs receive…

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Buccaneer 3D printer closes Kickstarter campaign with hefty $1.4M in funding

Buccaneer 3D printer closes Kickstarter campaign with hefty $1.4M in funding

The Buccaneer 3D printer closed its Kickstarter campaign over the weekend, having raised $1,438,765 in 30 days. That’s nearly 15 times the original goal of $100,000. Designer Pirate3D plans to ship the printer to more than 3,000 people between December and April. Backers bought the machine for $247 or $347–an ultra-low price compared to other brands, such as the MakerBot Replicator 2 and Formlabs Form 1 that cost thousands of dollars. Pirate3D traded the open, industrial look of printers like the Replicator 2 for an enclosed, brushed aluminum casing that looks right at home next to a…

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Harvard Business Professors on the promises and problems with Crowdfunding

Harvard Business Professors on the promises and problems with Crowdfunding

Crowdfunding promises to democratize funding of startups. But is that necessarily a good thing? Entrepreneurial finance experts Josh Lerner, Ramana Nanda, and Michael J. Roberts on the promises and problems with the newest method for funding small businesses. When Congress passed President Obama’s JOBS Act in March 2012, one of the most intriguing provisions would enable crowdfunding—the ability for large groups of anonymous investors to fund startups. More than a year after the law was passed, however, the provision remains tied up in red tape waiting for the Securities and Exchange Commission to pass rules that would allow for crowdfunding…

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Michael Eisner on Kickstarter: ‘I Think It’s Only Positive’

Michael Eisner on Kickstarter: ‘I Think It’s Only Positive’

Kickstarter may be popular among producers of the maker variety. But what about producers of a more traditional strain — say, Hollywood producers? And record companies? And movie studios? During a discussion with Kickstarter co-founder Perry Chen at the Aspen Ideas Festival, Walter Isaacson asked Michael Eisner, who was watching the discussion from the audience, what he thinks of the crowdfunding service. The former Walt Disney Company CEO, Isaacson pointed out, made a living helping to build up artistic projects in the same way Kickstarter does — but he did so through a studio system whose model…

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Making the Movie Was Easy, Crowdfunding Is Hard

Making the Movie Was Easy, Crowdfunding Is Hard

Making the movie was easy, crowdfunding is hard. Ok, that’s a ridiculous oversimplification, but not completely untrue. I’m currently in the midst of a crowdfunding campaign to raise post-production funds for my first feature film, Sidewalk Traffic (a comedy/drama about a struggling filmmaker and new father in post-Great Recession NYC), which I wrote, co-produced and directed this past winter. Realizing the lifelong ambition of directing my first feature film meant making a substantial financial investment (though well short of what an MFA at an elite film school costs), informing my wife and two young daughters that I would be…

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