How to get crowd-funding (a-n knowledge bank article)
By Emily Speed
Emily Speed on how crowd-funding uses the Internet to manifest new possibilities for revenue streams, turning small stakes into big ideas.
Crowd-funding uses the same principles as crowd-sourcing, where high quality information or knowledge is sourced from a large group of people. In the case of crowd-funding, information is replaced by cash. One funding platform, Sponsume.com, uses the strap line 'Small stakes in big ideas', and it is this idea - that many small donations will add up to a lot - that crowd- or peer-funding embraces. This is a different form of patronage greatly enabled by the internet and social media websites. It takes the focus away from a central organisation and appeals to those with an interest in the arts and peers who wish to support great new ideas and help new work be produced. Peer-funding operates with an open source ideology familiar to computer software, so unlike traditional grants and awards, it embraces transparency and honesty.
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Hi Emily,
ReplyDeleteI have gone through from your post it is good blog. You have explain about the Crowd Funding, information is replaced by cash. One funding platform, uses the strap line 'Small stakes in big ideas', and it is this idea - that many small donations will add up to a lot - that crowd- or peer-funding embraces. To know more about the Crowd Funding visit at Crowd Funding
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