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NadineJ
User Rank
Platinum
Re: Crowdfunding
NadineJ   7/28/2013 5:02:57 PM
NO RATINGS
Until very recently, almost all successful crowd funding camapigns were consumer electronics based.  It was as if everyone in Silicon Valley was either starting a new company or giving money to help out their friends or both.

Things have expanded over the last few years.  Start up denim companies have been funded with well over $500k.  Movies are being produced (Veronica Mars fans rejoice!). 

It follows the "Maker" trend.  People want to be a part of something.

Greg M. Jung
User Rank
Platinum
Crowdfunding
Greg M. Jung   7/28/2013 12:11:06 PM
NO RATINGS
I'm really intrigued by the concept of using crowdfunding for new product ideas.  This method is a fresh and innovative way to generate venture capital for the development of new products during these challenging economic times.  Hats off to Scanadu for using this technique so successfully.



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