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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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

iVigil: An innovative tribute to an innovator

Crowdocracy’s first child – iVigil - is now ready for launching a crowdfunding campaign. iVigil is a cause marketing technology that has the potential to disrupt the cause marketing industry. iVigil is being introduced as a tribute to Steve Jobs and undertakes to relive the historical 30 million anti-war protest of Feb 15, 2003. Entering the 10th year of the biggest protest in human history iVigil launched a dedicated www.Feb15.org website and a Feb 15 video.

iVigil.org also released a video tribute to Steve Jobs on the eve of his 57th birth anniversary on 24th, February. Check out this unique tribute here:

Well, iVigil is finally ready to launch its crowdfunding campaign, and the date chosen is obviously February 24, 2012. Check out a special preview of the iVigil crowdfunding campaign video here (this video is still unpublished and only for review of a closed group of audience)

The Beginning

An idea to develop a technology-enabled platform was first conceived in LinkedIn as a consequence of a discussion that ideated an innovation. That was early 2011. The innovation turned out to be a potential product that could possibily disrupt the functional foods market. To develop that disruptive innovation further and also to build up the IT-enabled platform that would enable collective development of such innovations in the crowd on a regular basis, a special LinkedIn group was formed. That LinkedIn group became the predecessor of what we now prefer to call Crowdocracy.

Crowdocracy essentially brings together within LinkedIn, 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 each of such ventures are LinkedIn members who contribute their skills only for equity in these ventures. Crowdocracy is now getting ready to launch its first venture: iVigil. Check out the iVigil crowd funding video:

iVigil

CROWDOCRACY

CROWDOCRACY - Of the crowd, for the crowd, by the crowd

CROWDOCRACY