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Crowdfunding

Image Baker City Building Made of Brick. Wall is Painted with words "Baker City"

Oregon Crowdfunding

By | Crowdfunding | No Comments

Originally posted at United Community Partners on  

As most know our community has recently successfully crowdfunded two projects, the Eagle Creek Orchard frost equipment campaign and the PineFest Music Festival campaign.  Pinefest is still going strong – Come through this Fall for a great day!

So I thought I would give some more general information on crowdfunding and the new economic models emerging in the wake of the banking collapse in 2008 which constricted the ability to get anything done if it required a bank’s approval.

 

Crowdfunding Platforms

There are thousands of platforms popping up which are specific to different types of crowdfunding from the very personal (weddings, medical emergencies), to creative (writers, film, musicians) community infrastructure and local projects (solar projects, school gardens, art or hack spaces) and scientific research projects. Here is a very short list of what is out there.

Some of us are familiar with the big name sites in crowdfunding, Kickstarter and Indiegogo. Here’s a comparison of these two sites.

How to Raise Funds with Crowdfunding

A successful crowdfunding campaign relies primarily on our social media connections online. While traditional funding is face to face or on the phone – crowdfunding relies on our networks online – and how active we are in those networks supporting other people and projects. The people, businesses and organizations we connect to, share and support online are the same folks who will share our story and celebrate our successes. We are much larger than the 1200 or so people here in the Pine Valley area in Baker County, Oregon. Our personal and professional networks online combined together are very large and our reach is very far when we use the internet to let people know about what matters to us.

Here’s a great article on understanding just how big the extended network of 1000 people might be:

How large is your network: the power of second and third degree connections.

What is Equity Crowdfunding?

Equity crowdfunding is a method to fund traditional businesses and innovative start-ups. Equity crowdfunding is regulated by the SEC and requires that funders be “accredited.” This simply means that to invest via an equity campaign you must be a sophisticated investor who does not require as much protection. You or you and your partner combined must have a high income and high net worth. More info on accredited investors.

July 25, 2016 – UPDATE – SEC rules have been updated and expanded to open up equity crowdfunding to a wider community of investors. Here’s a good write up by Christopher Mirabel at Inc. Magazine – 2016 Crowdfunding Rules, More Complicated Than You Think.

More information at National Crowdfunding Association which covers the new equity or investment crowdfunding rules in place to protect consumers.

Equity Crowdfunding for bringing wealth back to Oregon

Eastern Oregon has North East Oregon Economic Development District working with Springboard Innovation to build a regional plan for localizing the economy. More details on that here.

Briefly from Lisa Dawson at NEOEDD:

By working together as organizations and individuals in three northeast Oregon counties, and taking advantage of external expertise, we will:

  • Provide support for local businesses that need investment capital and are profitable or have profit potential, but are not likely to be attractive to angel investors, venture capital investors or commercial lenders
  • Create options for individuals to invest a portion of their capital within the region
  • Work together on an economic development project that will increase the vitality of the region and our ability to work together

Their project ChangeXChangeNW is “a resource for communities in the Northwest. Our goal is to bolster local economies by connecting the dots between socially-minded investors and locally-owned businesses.”

Go to their site for details on all of these exciting changes happening. Springboard Innovation is working with NEODD to bring the same model eastward. Contact Lisa Dawson at NEOEDD for details.

Crowdfunding for Projects

Startsomegood focuses on projects with clear benefits and have strict criteria for using the platform.

“StartSomeGood is a peer funding platform for broadly-progressive social impact projects and organizations. While our focus is on social entrepreneurship as a vehicle for creating change we support all forms of changemaking: entrepreneurial, advocacy and activism, community organizing, research and information provision and inspiration.

“Our vision is a world where everyone can be a changemaker, where communities can create the future they want and governance is citizen-focused and responsive.”

“Our goal is to build the world’s best mobilizing platform for changemakers, allowing them to raise the funds, grow the community and gain the skills and contacts they need to make a difference.”

Local Projects

Crowdfunding for Rural Organizations
Crowdfunding for Civil Projects
Crowdfunding Renewable Energy Projects

 

Crowdfunding is a huge topic which we can’t cover in one post so please come back!   I encourage everyone to explore what’s out there and what has already been made real via crowdfunding, microlending, crowdsourcing, and equity crowdfunding. Let’s get to work on imagining what is possible!

If you have any questions or would like us to focus on a particular crowdfunding topic in the future, let me know in the comments.

 

Photo by Base Camp Baker

Crowdfunding Art - Giant Metal Squid Mechateuthis by Barry Crawford - Photo by Kim Oltheim

Crowdfunding Art Projects

By | Craft, Crowdfunding, Mutuality

When I was a teenager there were two things I loved art and computers. I ended up going to study art at- California College of Arts and Crafts – now called California College of the Arts. It’s a shame that they dropped the word “crafts” considering the resurgence of American craft and DIY culture and the maker movement we’ve seen propelled by sites like Etsy, Custommade and Maker Faire. I’ve always loved to be around artists, builders and makers who create constantly.

Recently I had the opportunity to help a truly talented maker named Barry Crawford of Crawford Metal Works get his massive work – Mechateuthis to the Black Rock Desert in Nevada for the Burningman Festival. It was such a pleasure to help as Barry is from the small town I live in now in Eastern Oregon. His father bronze sculptor David Crawford and his wife and fellow creative dynamo Tori were able to see Barry’s epic metal squid AT burningman in 2015. You can keep up with Mechateuthis on her facebook page . Yes…the giant squid is a she! #girlpower

Working furiously we funded the project in under 26 hours – a record! It was such a thrill to be part of getting Barry’s work out into the world so he can continue to create from Elko, Nevada with his partner Kim Otheim.

Adding a cherry on top Popular Mechanics recently celebrated Barry’s work in a piece called Consider the Giant Robot Squid.

Here are a few more articles on Mechateuthis

Maker Faire – Mechateuthis

MAKE Magazine – Good Lord This Gyrating Giant Mechanical Squid Is Gorgeous

Laughing Squid A Magnificent Hand Crafted Giant Squid Flexes Its Mechanical Tentacles at Maker Faire Bay Area 2016

Mental Floss – Watch a Giant Mechanical Squid Strut Its Stuff

Crowdfunding for Creatives

Patreon
Go Fund Me
Hatchfund

Meet Locally More Often - The Next Edge Festival 2015

Crowdfunding: East Coast Reset

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Crowdfunding Request – The Next Edge Festival

I’m not good at asking for myself. For everyone else – a breeze! If there is such a thing as Karma, then surely I am here to learn how to ask for help. It is the hardest thing.

I’ve been working since November 2014 on something I, very much, want to happen called The Next Edge Festival.
Since 2009 I’ve been very isolated in this tiny town. I’ve been living through the things I care about, and the people I connect to based only on the things I care about, lots of that happens around people in The Next Edge facebook group. That community that had formed organically around things “that matter” are getting together in Montreal this June.  I’ve been doing what I can to make it happen from where I am, which is very far away. But, it’s happening! It’s really happening!

It’s happening at the same time as a send off for a man who was my brother. My brother with all that implies, all the trouble and the buried bodies, the laughing mostly though.
(Metaphorical bodies to be clear…)  I’d like to do both. And that means a swing down NY way, via Coney Island in June after our gathering in Montreal.

If I can’t that’s OK. Montreal should always be enough, it’s enough just to meet the crew that is doing the doing that needs getting done to make The Next Edge Fest happen but, it would be nice to send Johnny off good and proper, too.

Update: The crowdfund was a success!

With the deepest gratitude, I’d like to thank these folks –
Jordan Greenhall
Sam Rose
Jon Husband
Vicki Robin
Conor Turland
Christine Egger
Cheryl Spensieri
Cynthia LaGrou
Kevin Jones
Seb Paquet
Wael Alsaad
Glistening Deepwater
Nancy White
SaraDay Evans
Julie Bourbonnais
Daniel Fiege
Flemming Funch
Mirona Constantinescu
David Hodgson
Chloe Waretini
Katie Teague

Photo by christopher.woo

Crowdfunding: Who Are Your Firestarters?

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Crowdfunding Strategy – Understand the Crowdfunding Campaign Pattern.

Out this way in Eastern Oregon, Gene Shackle and the good people that put on Baker City Pub Talks invited me to speak on crowdfunding to small business owners in the Baker County region of Eastern Oregon. I cover the basics of crowdfunding, realistic time-lines, how to make real connections with people online and a few strategies to make sure you hit the target you set for your campaign. I cover why people give with voices from successful campaigns I’ve run and how to avoid some of the predictable potholes along the way. There is a brief Q and A at the end.

Update: Our Mecathuethis campaign – raising money to get a giant metal squid out to the Nevada desert made it’s goal in under 26 hours using my strategy and campaign process.

Get in touch if you need have a crowdfunding campaign.

PubTalks Baker City Oregon

Baker PubTalk® provides a safe and open environment for new entrepreneurs to meet with fellow entrepreneurs to talk about business ideas and to network with funding and support services. For more information about Pubtalk – Contact Gene Shackle.

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eaglecreek indiegogo screenshot

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