What is BMe & how are they building strong communities for Black men and boys?
There’s Money Out There if you’re looking for an alternative method to fund your business idea or non-profit, it’s known as Crowdfunding! This weeks’ guest is Bridget Best who will discuss the crowdfunding phenomenon and how this innovative funding alternative can help your business.
Bridget serves on the executive team of Kickstarter, a public benefit corporation, as Vice President of Operations. In that capacity, she manages strategic initiatives that strengthen and grow Kickstarter as the leading platform for funding creativity.
Our discussion with Bridget will cover:
Top 3 Tips for success on Kickstarter.
How does this type of financing compare traditional loans, grants, investment funds, etc.?
What kinds of campaigns are most successful?
How does Kickstarter work at the community level support entrepreneurs and non-profit organizations?
What if you want crowdfund, but are not very social?
What Exactly is Crowdfunding?
Crowdfunding is the practice of funding a project through the monetary contributions of a large number of people. It’s a form of alternative finance, which has emerged outside of the traditional financial system.
This financing model is based on three types of actors:
The project initiator who proposes the idea and/or project to be funded;
Individuals or groups who support the idea;
and a moderating organization (the “platform”) that brings the parties together to launch the idea.
In 2013, crowdfunding raised over US$5.1 billion worldwide.
According to Wikipedia, Kickstarter is an American public-benefit corporation based in Brooklyn, New York which has built a global crowdfunding platform focused on creativity. The company’s stated mission is to help bring creative projects to life. Kickstarter has reportedly received more than $1.9 billion in pledges from 9.4 million backers to fund 257,000 creative projects, such as films, music, stage shows, comics, journalism, video games, technology and food-related projects.
Kickstarter helps artists, musicians, filmmakers, designers, and other creators find the resources and support they need to make their ideas a reality.
This is a great opportunity to chat with expert Bridget Best and get your questions answered.
And… guests Jeffrey Jones, Community Manager of BME & Michael Gross, manager of WPFSI’s WesGold Fellows discuss their collaboration with Kickstarter and what led them to pursue this course of financing.
Be sure to join James Burnett, Calvin Tucker and Kimberly Reed on WURD 900 AM at 1:00 pm for “There’s MONEY Out There” on Saturday June 18th, 2016.
Bob Coleman is Director of Marketing at the Prime Group, LLC and a contributor to WPFSI.
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There’s Money Out There if you’re looking for an alternative method to fund your business idea or non-profit, it’s known as Crowdfunding! This weeks’ guest is Bridget Best who will discuss the crowdfunding phenomenon and how this innovative funding alternative can help your business.
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