WHO’S HERE? PAUL OSTERLUND (ABUNDANCE FARMING), JOSH TETRICK (33 NEEDS), KRISTIN WOLFF (THINKERS+DOERS) & YOU

MICROPHILANTHROPY, CROWDFUNDING & START-UP: The Beginning of Connected Capital?

 Crowdfunding:  The  collec2ve  coopera2on,  a7en2on  and  trust  by  people  who  network  and  pool  their  money  and  other  resources  together,  usually  via  the  Internet,  to  support  efforts  ini2ated  by  other  people  or  organiza2ons.    

“Crowdfunding is a collaborative funding model; many people give smaller amounts of money to make big things happen.“ Slava, IndieGoGo

Source:  h7p://www.smartermoney.nl/?p=35#plaIorms  

=  Fund  my  business  

=  Fund  my  crea2ve  project  

=  Fund  my  social  venture  

=  Fund  my  personal  cause  

=  Fund  my  personal  project  or  ac2vity  

=  Fund  my  need  

 $80M  pledged  to  date  ($35M  on  Kickstarter)  (Source:  @RobertAndrews,  Jan  2011)   Pulls  new  funders  into  market   Fills  a  gap  in  investment  market  (under  $10K)   Creates  rela2onships  between  investees  +  investors,  and  investees  and  each  other  (but  also  creates  challenges)   Leverages  ‘alterna2ve  currencies’   “Jury  is  out”  

Josh Tetrick: 33 Needs

 WHY 33 NEEDS?  WHAT DO GOOD PROJECTS DO THAT HELPS THEM SUCCEED?  WHAT DOES “SELFLESSNESS IS PROFITABLE” MEAN?  STATE OF CROWDFUNDING?  ADVICE TO ASPIRING PROJECTS, ENTREPRENEURS, INNOVATORS?

  Springboard Innovation began CXc on-line seed-funding for social innovators in April ’09.   Designed to enable a new breed of citizen social innovators; providing start-up funds for

new and proven social ventures, from ‘investors in sustainable change’ @ $5 per share.

  Funding financially sustainable social enterprises; nonprofits with a plan for self-sufficiency.   Infrastructure supporting the 5th Space:

GOVERNMENT  

Mission    Money  

Knowledge  Benefit  Many    

     Social  Entrepreneurial  

Ventures  

BUSINESS  NON-­‐PROFITS  

CommunicaEon  Influence  

InformaEon  Research  

ACADEMIA  

www.thechangexchange.org/   CXc soon to release new engineering, images, profiles for listers…new funding partners.   CXc invites listers to apply - new start-up ventures, those replicating successful models,

and established non-profits adding a sustaining strategy…and now B-corporations.

  Submit your profile summary   Review CXc legal agreement   Q & A / discussion…

Contacts: paul@springboardinnovation.org amy@springboardinnovation.org

 http://www.npr.org/blogs/therecord/2011/03/02/134194007/crowdfunding-cuts-out-most-of-the-middlemen  http://destinationdiy.org/episodes/episode33.html  http://mashable.com/2009/07/29/crowdfunding-success/  http://www.blackweb20.com/2011/03/02/crowdfunding-an-alternative-for-minority-startups/  http://gigaom.com/2011/02/18/kickstarter-crowd-funding-hits-1m-a-week/  http://www.readwriteweb.com/archives/can_we_crowdfund_our_lives.php

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Flickr Friends: Money (epSos.de); Shadow portrait (humber15); the rest are mine.

 “Inchvesting” in Loveland  http://buyaframe.lemonadedetroit.com/  Alan Rosenblith’s Symbionomics Film  Jean Russell’s Thrivability Project  Mr. T’s Classroom in Talent, OR