Who Rules The Crowdfunding Roost?

Indiegogo is a well known pioneer in the world of crowdfunding launched back in 2008.In particular, those fundraising campaigns which support humanitarian, environmental, or other more altruistic endeavors frequently find a home on Indiegogo. Its global platform lends itself to crowdfunding campaigns the world over, and at present Indiegogo holds the distinction of hosting the highest crowdfunded total on the web, successful or not.

While establishing their presence mostly for people who have been affected by physical or financial hardship, GoFundMe has raised over $370m during its existence, primarily for causes and people instead of products. Although, Indiegogo campaigns have raised substantially more, the crowdfunding pioneer is poised for a substantial growth with $40 million venture capital raised in its latest round of funding.

THE LATEST: The daily rankings at Crowdocracy released today indicate that GoFundMe has surpassed and replaced its global and US rank from #3 to #2 at the Crowdocracy Global rankings and Crowdocracy US rankings pushing Indiegogo to third position. Crowdocracy Global ranking is estimated by averaging the global web traffic reported by Alexa and Similarweb, while Crowdocracy US ranking is the average of US web traffic as measured by Alexa, Compete and Similarweb. Outranking of Indiegogo by GoFundMe comes as a bit of surprise to most of us in the crowdfunding industry.

PREDICTIONS: While GoFundMe’s lead over Indiegogo in US ranking is sizeable, its Global lead is razor thin and it’ll not be too surprising if it’s edged out very soon by cash-rich Indiegogo. With rest of the crowdfunding sites way behind, Kickstarter, Indiegogo and GoFundMe are expected to keep ruling the crowdfunding roost at least for the rest of 2014.

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Support democratization of venture formation, support iVigil crowdfunding campaign on Indiegogo

There is no force like people united in their cause. iVigil is a novel cause marketing technology that has the potential to spread virally and unite people for changing the world. iVigil launches crowdfunding campaign on Indiegogo.com

iVigil, a project conceived and developed entirely in the virtual world of LinkedIn networkers becomes world’s first venture to take the process of democratization of venture formation to the next level – crowdfunding. On Tuesday, April 17th, 2012, at 12.00PM, the iVigil crowdfunding campaign went live on Indiegogo.com, one of the leading crowdfunding platforms.

Pitched as the first ever venture of the crowd, for the crowd, by the crowd, iVigil is the first venture coming out of Crowd Innovation Ventures (Crowdocracy), a LinkedIn group of LinkedIn professionals established less than a year ago with a mission to democratize the process of venture formation in the crowd by contributing towards evolving an optimal model. On the group’s first project launch, Dr Fazal Raheman, the group manager said, “the preceding 9 months had been very hectic. We took several projects through the ideation process, and now we have at least four of them in the pipeline. All of our projects are technology based with disruptive business models. We invite all to visit our website at http://crowdocracy.org and join us in developing crowd ventures and in the process writing the new rules of crowdocracy”

There is no force like people united in their cause. iVigil is a novel cause marketing technology that has the potential to spread virally and unite people for changing the world. At least three practical implementations of the iVigil technology have been announced on www.iVigil.org website. The Indiegogo crowdfunding campaign is launched to raise funds for these initiatives.

About Crowdocracy (www.crowdocracy.org - A professional group in LinkedIn - http://linkd.in/w3423L)
Crowdocracy is a group of entrepreneurs, inventors, social media marketers committed to sharing each other’s expertise in developing and spinning off ventures in the crowd.

Qualified Co-Founders of such ventures are LinkedIn members who contribute their skills for equity in these ventures.

iVigil On Facebook

www.indiegogo.com/ivigil

Crowdfunding – A New Gold Rush For Entrepreneurs?

Crowd sourced funding finally had its day on March 13, 2012 when over $3.3 million was raised in just over a month without a business plan, without borrowing money and without even giving away equity!!! Is it scaring the Venture Capital industry?

Well, crowdsourcing is changing the way entrepreneurs raise seed capital, a lot faster than anyone could have imagined. One gaming company did that in just 34 days. Double Fine, a bay area game developer garnered support from a whooping 87,142 backers and the money kept pouring until the last hour on March 13th at 8.00PM EST. The Crowdfunding revolution is not stopping at that. Stepping in the Double Fine’s footstep is another west coast game developer InXile already creating ripples with over 16,000 backers racing the campaign to its $900,000 goal within the first two days.



So far it’s been mostly individuals who have been backed by the crowd. The real revolution would be ventures developed by the crowd itself. That’s where the real social impact will come from – ventures of the crowd, for the crowd, by the crowd.

Where all this is heading, may be of concern to the venture capital industry and equity regulators. Well, the revolution has already set in. Now it is beyond regulators and stakeholders to stop it. But what the heck, isn’t a free market economy driven by the market itself rather than the controllers of the market?

Crowdocracy