![]() If the minimum funding goal is not met by the end of the campaign, the creator does not receive any of the funds. Campaigns can last anywhere from 1 to 60 days, according to “Kickstarter Basics: Kickstarter 101” ( /help/faq/kickstarter+ basics?ref=faq_subcategory#Kick).Ĭreators take a big risk when using Kickstarter to fund raise. It can be anything from stickers all the way to a piece of the final product. Kickstarter offers a unique platform feature of backer “reward tiers.” When backers contribute to a project, they receive gifts based on the amount of their donation. ![]() Launched in 2009, the platform allows “creators” to pro pose a project online with a minimum fundraising goal that must be met by the end of the campaign deadline by potential “backers.” Creators outline their project’s specifics on an information page so the backers learn all about it and understand the proposed final product. Kickstarter houses campaigns centered around the arts. Kickstarter is a current star of the crowdfunding platforms. There is a freedom that comes with being able to raise money for projects via crowdfunding instead of asking investors whom the fundraisers don’t know. ![]() Rooting for their campaign from start to finish online prompted me to think about the nature of this relatively new phenomenon of raising money via the internet. That particular neighborhood of Baltimore will soon have an operating video store to enjoy. My friends’ video store/co-op utilized the platform Kickstarter, and I am happy to say they met their goal. As we examine a few big platforms in this world of internet fundraising, we must also consider the implications and effects of crowdfunding and the growing “Sharing Economy.” Each successful crowdfunding project transforms our current economy and future. This new process of cultivating funding leads to innovation throughout society, but there is also something to consider about a world in which we must set up internet campaigns in order to pay our hospital bills, start businesses, or take family vacations. De pending on the nature of the project, some platforms are better to use than others, so it takes a bit of research on the fundraiser’s end to cultivate a successful campaign. Users can access these services to make their dreams a reality. The more familiar, donation-based crowdfunding platforms that emerged in the mid-2000s are some of the most popular websites on the internet today: GoFundMe, Kickstarter, and Indiegogo. There are various platforms creators and donors can choose from to meet their fundraising goals. The modern-day version raises funds via the internet. Google defines crowdfunding as the practice of funding a project or venture by raising small amounts of money from a large number of people ( /ycl5b9jq). While associated with the sharing economy, the original idea of crowd funding dates much further back than the internet. Google explains the sharing economy as “an economic system in which assets or services are shared between private individuals, either free or for a fee, typically by means of the Internet” ( /y6ut58ts). Crowdsourcing is the process through which I learned about this project and eventually donated money.Ĭrowdfunding is often discussed as an aspect of the overarching “sharing economy,” and an accurate definition is still hard to find. ![]() While this nonprofit is attempting to open a relic of the distant past-the video store-the technology used to publicize and fund the project is definitely not from the bygone era of the video store. Being an ’80s baby and a child of the ’90s, I have a strong love for video stores and fond memories surrounding them, so of course I donated to help them reach their project goal. Along with a few organizations I supported, I also donated to the nonprofit project of friends in Baltimore who are trying to open a video store/co-op in an underserved neighborhood in the city. This is no easy task, as there are tons to choose from, ranging from homeless shelters to childhood literacy. Like many working professionals looking to make a positive impact on the world, I spent 2017 donating to charities and causes that were in need of assistance. The Information Advisor's Guide to Internet Research.
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