With the fast growth of social media, the influence of such media has grown beyond being a mere marketing tool. In fact, this influence has also extended to business funding through the phenomenon of crowdfunding. This portmanteau takes after the original “crowdsourcing” and is used to refer to the collective effort of a large network of individuals who each contribute a small amount of capital to finance a new speculative business venture.
The project took off, and has now raised US $49,733 to date.
That’s right. He’s making potato salad for himself. And he just raised $$49,733.
Acton, one of the two cofounders of WhatsApp, opened up about his personal feelings on the pending Facebook acquisition in his first speaking engagement ever at StartX, a startup incubator affiliated with Stanford University, on Wednesday night.
But not every company can count on getting bought by Facebook for a cool $19 billion.
And, of course, those companies who don’t get bought by Google, Facebook or Yahoo will have to fend for themselves. The best way to do this? Become profitable.
However India might benefit from an existing crowdfunding ideal ingrained in its socio-cultural practices. The "chanda" collection for the community puja (festival) is pure, unadulterated crowdfunding.
India's first crowdfunded film came way back in the 70's with Shyam Benegal's Manthan, which was produced by contributions from 2 milk farmers in Gujarat.
Today, a lot of prominent Indian filmmakers, musicians and entrepreneurs on the scene are waking up to the potential and power of crowdfunding. Some prominent examples include Onir (whose National Award winning film I AM was crowdfunded by more than 400 contributors); Kannada film Lucia and many more!
South Korea, once referred to as the ‘Land of the Morning Calm,’ has emerged as one of the key startup hubs in Asia. Having witnessed firsthand the changes in this once conservative and shy nation, the pace of change is amaizing and the hunger with which local founders are embracing the challenge and opportunity presented by entrepreneurship. As predictable and arduous corporate careers begin to lose their appeal in a country still dominated by big names such as Samsung, Hyundai, and LG, there are strong signals that innovation will begin to shape the economic landscape in the near future.
OurCrowd founder and CEO Jon Medved spoke about crowdfunding at San Diego State University earlier this year. The video was recently just posted on YouTube the past week.
Medved actually was born in San Diego. His father was a professor of physics at SDSU so this was a bit of a coming home trip for him.
Medved talks about OurCrowd and his global perspective on equity crowdfunding. Definitely worth a watch.
WHAT happens when a multinational firm decides to shutter its Irish operation? Do staff just filter off into other multinational jobs? Or can indigenous entrepreneurs emerge? It's the ultimate post-IDA question: are multinational outfits actually creating an ecosystem that can be self-sustaining?
Need some crazy crowdfunding ideas, well take a look at our selection from the wacky pile. You thought that some of these ideas were dumb, but actually could be ingenious...
It’s a bird, it’s a plane… oh wait, its a toasted cheese sandwich being delivered in a parachute. In what may be one of the craziest (and most fun) crowdfunding venture to date, the team behind Jafflechutes are taking a love of melted cheese to a whole new level – in some cases seven floors up. They plan to ‘drop in’ on New York City very soon. Those who pre-order can nominate the time they’d like to receive jaffles (aka: toasted sandwiches) and will receive instructions about where to go to await their special delivery. (Source:Pozible)
This month, Mashable announced Sevenly as the winner of America's Most Social Small Business. The three-year-old social good apparel company has gone from a closet office with four employees to a 33-person operation that's raised more than $3 million for charities around the world. Read on to learn how Sevenly harnessed the power of social media to change the way people think about — and wear — charity.
In Japan, people in the IT industry will have heard of Koki Sato (pictured above), CEO & President at Septeni Holdings. A law graduate of Rikkyo University Japan, Sato chose a path different from most of his fellow law students. Forgoing a career as a lawyer, he chose to pursue music.
1 Art of Click | Singapore
Singapore-based Art of Click, is a mobile marketing agency and ad network that insists on charging clients based on results. In other words, it charges only if there’s a successful download, purchase, or registration.
If you only focus on the multi-billion dollar valuations of young companies like Pinterest, Uber and Snapchat, you might assume 2013 has been a very good year for tech startups. In reality, it has been more of a bittersweet year.
Many early-stage companies struggled to raise a Series A rounds of funding, a phenomenon commonly referred to as the "Series A Crunch," which for some meant to fight for their survival. Meanwhile, several later-stage companies like Fab and Rdio laid off large portions of their staff to rein in costs.
Even so, plenty of promising startups raised funds and launched (or teased) exciting features this year in markets ranging from mobile payments to media. What's more, the success of Twitter's IPO has boosted investor interest in other social startups and may help revive the market for tech IPOs, which suffered after Facebook's troubled public offering in 2012.
It’s an understatement to say “life is tough” when you grew up in the only Chinese family in a Los Angeles ghetto, with drug dealers, gang members, and criminals as neighbors. But it was reality for Rosaline Koo, the 52-year-old founder and CEO of ConnecXionsAsia (CXA), a Singapore-based startup building an online employee benefits platform that it hopes will shake up the industry.
Koo’s father was an illegal immigrant who landed in Mexico from China and swam up the coast to California. Her mother escaped during the Communist Revolution in 1949, leaving behind her then-husband – who was later killed – and two children. Her land was seized by the government, and Koo’s grandmother was sent to a labor camp. One of a few Chinese kids in an all-black neighborhood, Koo was bullied and beaten up, and retaliation often wasn’t an option due to her diminutive stature. “I had to learn how to rapidly judge situations, to decide whether I should fight or flee for my life,” she says.