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Greg M. Jung
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Crowdfunding
Greg M. Jung   7/28/2013 12:11:06 PM
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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.

NadineJ
User Rank
Platinum
Re: Crowdfunding
NadineJ   7/28/2013 5:02:57 PM
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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.



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