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Kickstarter  is  changing  how  we  make  things,  how  we  turn  dreams  into  reality  and  make  ideas  come  to  life  (1)  

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crippling  

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crowd-­‐fund-­‐ing  the  prac<ce  of  funding  a  project  or  venture  by  raising  many  small  amounts  of  money  from  a  large  number  of  people,  typically  via  the  Internet.(3)        

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“We’re  reaching  a  burs<ng  point  of  crea<vity.  People  are  embracing  their  own  crea<vity  more  and  more…we  don’t  have  to  be  one  thing  anymore”  –  Perry  Chen  (Founder  of  Kickstarter)  (4)    

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for  example…  

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Jennifer  Calkins,  a  biologist,  raised  almost  $5000  from  Kickstarter  donors  to  study  the  quails  in  Mexico  (5)  

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“Science  crowd  funding  can  change  the  way  the  public  views  science.  Scien<sts  become  beUer  at  explaining  the  value  of  research  that’s  happening  and  non-­‐scien<sts  might  become  beUer  at  tuning  into  it”  -­‐  Imran  Khan  (6)    

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   “We  as  a  society  are  coming  to  the  end  of  mass  produc<on,  industrial  phase  of  the  human  race.  Instead,  we  have  entered  an  Internet  enabled  phase,  where  the  economy  isn’t  about  the  biggest  but  being  able  to  do  few  things  well,  and  then  finding  an  aggregate  audience  for  what  seems  to  be  small  ideas  and  niches”  –  Om  Malik  (4)        

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“If  you’re  an  honest  person  this  is  a  perfectly  acceptable  source  to  generate  funds.  People  want  to  help.  Life  is  circular-­‐  you  will  pay  it  back  by  ge[ng  an  educa<on  and  empowering  others”  –Natalie  Pa[llo  (7)      

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Pros  of  Crowdfunding  (9)  

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1.  Crowdfunding  minimizes  the  tedious  fundraising  process  (and  its  associated  <me  and  cost)  so,  entrepreneurs  spend  more  <me  where  it  counts,  on  the  business    

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2.  Anyone  who  is  interested  and  has  a  liUle  capital  to  spare  can  par<cipate  in  financings!    

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3.   !

Cita4ons    1.  Malik,  O.  (2011,  May  25).  Why  Kickstarter  Works.  Retrieved  June  10,  2015,  from  

hUps://gigaom.com/2011/05/25/why-­‐kickstarter-­‐wor  2.  Kickstarter.  (n.d.).  Retrieved  June  10,  2015,  from  hUps://www.kickstarter.com/help/stats  3.  Crowdfunding  Defini<on  |  Investopedia.  (2012,  April  25).  Retrieved  June  10,  2015,  from  

hUp://www.investopedia.com/terms/c/crowdfunding.asp  4.  Malik,  O.  (2012,  May  22).  Kickstarted:  My  conversa<on  with  Kickstarter  co-­‐founder  Perry  Chen.  Retrieved  

June  10,  2015,  from  hUps://gigaom.com/2012/05/22/kickstarter-­‐founder-­‐perry-­‐chen-­‐intervie/  5.  Lin,  T.  (2011,  July  11).  Scien<sts  Turn  to  Crowds  on  the  Web  to  Finance  Their  Projects.  Retrieved  June  10,  

2015,  from  hUp://www.ny<mes.com/2011/07/12/science/12crowd.html?pagewanted=all  &_r=0  6.  Gray,  R.  (2015,  January  2).  Crowdfunded  science:  Harnessing  the  wisdom  of  the  crowd,  or  selling  out?  

Retrieved  June  10,  2015,  from  hUp://www.theguardian.com/science/2015/jan/02/crowdfunded-­‐science-­‐scien<sts-­‐fund-­‐research  

7.  Farzan,  A.  (2015,  April  28).  Ivy  League  students  are  asking  strangers  to  help  pay  the  thousands  they  owe  in  tui<on.  Retrieved  June  10,  2015,  from  hUp://www.businessinsider.com/columbia-­‐students-­‐crowdfunding-­‐tui<on-­‐2015-­‐4#ixzz3b8wi7bSK  

8.  Pren<ce,  S.  (2012,  December  31).  Crowdfunding  is  changing  the  approach  to  innova<on  -­‐  Business  Circle.  Retrieved  June  10,  2015,  from  hUp://www.businesscircle.com.my/crowdfunding-­‐is-­‐changing-­‐the-­‐approach-­‐to-­‐innova<on/  

9.  Dupree,  S.  (n.d.).  Stanford  Graduate  School  of  Business.  Retrieved  June  10,  2015,  from  hUp://www.gsb.stanford.edu/ces/crowdfunding-­‐101  

10.  Brownstone,  S.  (2013,  December  6).  With  The  Rise  Of  Crowdfunding  In  Higher  Educa<on,  Dona<ng  To  Your  Alma  Mater  Could  Be  Cool  Again.  Retrieved  June  10,  2015,  from  hUp://www.fastcoexist.com/3022944/with-­‐the-­‐rise-­‐of-­‐crowdfunding-­‐in-­‐higher-­‐educa<on-­‐dona<ng-­‐to-­‐your-­‐alma-­‐mater-­‐could-­‐be-­‐cool-­‐