";s:4:"text";s:6689:"So crowdfunding is actually a specific type of crowdsourcing.Platforms like Kickstarter or Indiegogo are crowdfunding platforms and allow backers to contribute money in exchange for rewards.So to recap, crowdsourcing is the sourcing of anything…from a crowd.If it’s services, ideas or information, it’s crowdsourcing.You can submit your question or see all of the crowdfunding questions and my answers at Patreon is not a crowdfunding platform; it’s actually a membership platform. Kickstarter’s top ten most-funded stats are attractive with an average funding amount of $10,886,660 for a top ten most-funded project, but do put into perspective that campaigns raising $100,000+ are in the top 1% of all campaigns launched with those raising $1,000,000+ in the top .06% of the 339,075 launched.From personal experience of launching roughly 200–250 campaigns with Agency 2.0, Kickstarter is a much harder platform to initially become successful on but if/when you do become “popular” via their algorithm, organic pledges will likely pour in from repeat backers Both platforms have recently addressed the refund policy and have taken different approaches, with Indiegogo most recently updating their policy.The differentiators on the business side of these platforms couldn’t be further apart with Kickstarter stating In summary, there is a long list of differentiators between Kickstarter and Indiegogo with no solid answer to what crowdfunding platform is better. In Creativity in equity crowdfunding should not be thought of as taking a back seat, but when profitability comes into play, investors will likely make more informed decisions, leading to more sustainable business ventures. Campaigns on Indiegogo have a lower average funds raised than some other crowdfunding sites, but its diverse base is a huge plus.Indiegogo is unique in that you, the campaign owner, can choose whether or not to go with all or nothing funding. Both models leverage the Internet to democratize access to capital by allowing large audiences to support new ideas and businesses. Patreon. There's also a social aspect of fundraising which can help you gauge market interest if successful. Thus, no matter the motive behind pitching in, crowdfunding can be said to be one of the next big drivers of innovation.This post was written by SeedInvest on September 6, 2016 This site is operated by SeedInvest Technology, LLC ("SeedInvest"), which is not a registered broker-dealer. While Kickstarter may be a good point of reference for the idea of equity crowdfunding via Internet portals, the two models are vastly different.
My name is Clay and I'm here to help you fund your dream. Remember that in a recent survey, the CFPA found that 20% of investors surveyed said that their main motivation was to be part of something bigger than themselves, which is testament to the fact that investors are not merely investing based on returns.Differences from Kickstarter aside, there is one other commonality, which is that crowdfunding, whether rewards-based or equity-based, aims to serve those who have great potential but are unable to get the attention of the big players. The most significant differentiator impacting everything going forward from launch to backer fulfillment is the 2–3 day Kickstarter Review for projects involving “manufacturing and distributing” of something “complex” where they require to “show backers a prototype” without using “photorealistic renderings”. Getting their hands on a new product early or a shout-out on film credits is enough for backers although they have zero opportunity for a financial return. The fundamental difference between the two platforms is that Kickstarter only allows crowdfunding for creative projects. Without the high traffic and brand recognition of a big name platform, you’re likely to raise less money on Indiegogo, so if your funding goals are relatively low, it may be for you. I’ll be answering a new question every day in June.This is an important question because a lot of people, even really smart people, even people who work in this space…often misuse the words “crowdfunding” and “crowdsourcing”.They’re actually two completely different things, and it’s important to know the difference.So very simply, crowdsourcing is the sourcing of anything from a crowd.So if that’s crowdsourcing, then what is crowdfunding?Very simply, crowdfunding is the sourcing of funds from a crowd. The world is changing. Indiegogo vs Kickstarter: Types of Projects That Can be Funded. The world is changing. If you’re confident in your pitch and believe your creative project will speak to people, Kickstarter may be for you.GoFundMe is great for personal causes and life events. Just recently Kickstarter did unveil Custom Referral Tags which is a welcomed and added plus in helping better understand your campaigning efforts but it is still far from what Indiegogo allows and the information a crowdfunding marketing expert hopes for.Comparing crowdfunding stats is difficult, Indiegogo does not disclose while Kickstarter is king when it comes to the most-funded campaigns of all time with their top ten campaigns totaling $108,866,609 while Indiegogo’s total $43,256,927.