The Equity of the Crowds
Word of an up-and-coming campaign for a pen that would scan and instantly reproduce colors excited crowdfunding fans and artists alike earlier this summer.
After numerous delays, the Scribble campaign finally launched earlier this week, only to be pulled by its creators two days later after both backers and Kickstarter began raising questions. After all, it wasn’t clear exactly how the pen was taking colors from objects in the environment and changing the pen’s ink.
The Equity of the Crowds
Crowdfunding began as a cool way for your college roommate to raise money to finally record his first album, but has quickly gone on to be a bigger part of how the tech industry does business.
CB Insights, a research analytics firm that bills itself as the “OkCupid for venture vapitalists,” has released the first study of crowdfunding’s growing role as a serious part of the tech business. The survey took a look at every crowdfunded tech hardware project on either Indiegogo or Kickstarter, which came out to 443 projects.
Quick, who is the first name you think of when someone says crowdfunding? We bet it’s Kickstarter. That name has become synonymous with using the crowd to fund projects that would otherwise never see the light of day. But the truth is, crowdfunding really owes its roots to Indiegogo.
They may not have the same notoriety, but Indiegogo CEO and cofounder Slava Rubin is having a great year. They’ve rebranded the site, raised a $40 million Series B, and as of this morning, launched their new mobile app.
THE INTERNET WE LIVE IN
By now, anyone who doesn’t live under a rock knows Kickstarter and similar crowdfunding sites have hosted some interesting campaigns (potato salad, largest dick drawing, etc.)
It’s also no secret that some of these than less stellar campaigns come with even less stellar homemade videos. For laughs, Betabeat has compiled a list of some of the worst.
With recent crowdfunding campaigns such as blowjob machines, potato salad and mystery products (recently revealed) making headlines, this latest Kickstarter is no shocker.
An unemployed recent college graduate by the name of Alex Wong is using his free time to “bring back the goals of [his] youth.” He’s crowdfunding the world’s largest dick drawing.
The week-long anticipation is finally over. Jordan Bishop, the Toronto man behind the Internet’s first blind crowdfunding campaign, has finally revealed his mystery product: greeting cards.
Mr. Bishop launched the crazy — but also genius — Crowdtilt campaign last Wednesday, wherein he proclaimed, “I’m going to do something I’ve never seen done before: I’m going to sell you my product before I tell you what it is.”
“I’m going to do something I’ve never seen done before,” Jordan Bishop wrote in a Medium post on Wednesday. “I’m going to sell you my product before I tell you what it is.”
Mr. Bishop is the founder of what he claims is the Internet’s first blind crowdfunding campaign, which launched Wednesday. To clarify, Mr. Bishop is asking the Internet to buy his product without even telling people what, exactly, they’re paying for.
Off the Media
As techies anxiously await the news on Amazon’s unnecessarily camera-loaded phone to be released tomorrow, we’re wondering why no one has developed a smartphone that can simply hold a 24-hour charge.
In an effort to combat one of the most devastating first world problems, ChargeAll has started a campaign to fund the “world’s smallest portable power outlet.”
Last week, a friend from elementary school’s house burned down. She lost everything. Since they were renters, none of the stuff in the house was insured. Worse yet, it was the cherry on top of an already heartbreaking week in which her little dog had been killed by another dog.
Due to the marvel of social media and social tools, another friend immediately set up a campaign with the site Give Forward to raise $12,000 for a “Start From Scratch Fund” on my friend’s behalf. Almost immediately, the first $10,000 was raised.
FINsix, the company behind Dart — billed as “the world’s smallest, lightest laptop adapter” — launched a Kickstarter campaign last Monday. Their goal was $200,000, and they raised it in 12 hours.
But while FINsix was launched by recent college graduates from MIT, they aren’t some plucky little company in need — Read More