If you haven’t heard of kickstarter.com you need to check it out. It’s takes crowd sourcing to a totally new level. The site’s idea is to provide a forum for people to pitch their ideas and then have people be able to participate in the idea by backing that idea with money. For that backing of that idea you get insider information about how the idea is coming along as well as some other trinkets. The other trinkets depends on the project. Some projects give away T-Shirts or you might have a song written about the you or get a certain amount of months of the service. The goal is to raise that money that you need and give the end user something that they might want as well!
So far there have been several successful projects. There is currently a project that is putting together all of the media used in the Obama Presidential campaign. Its a sweet idea. They are trying to raise $65,000 they have all ready raised $50,000+ which is incredible!
It is an all or nothing kind of thing. The projects are timed. If you don’t get the full funding then you don’t get any funding. All of the backers are charged at the same time as soon as the project’s deadline ends.
There are a ton of ideas on the site. Any ideas that you might want to put on the site? Let me know! I am trying to get some invites!
One Comment
Not sure this compares well with VC/Angel funding. They typically bring contacts, advice and networking as well as just the $. Still better than nothing