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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.
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.
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:
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.
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.”
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.
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
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.
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.
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.