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84-401: Peregrine falcons initially established a territory and nest at Sather Tower in spring of 2017. Initially, the falcon pair laid their eggs on a broken sandbag on the upper balcony of Sather Tower, which was replaced by researchers with a nest box after scientists found that eggs were rolling off of the sandbag. In the wild, falcons nest on rocky ledges and cliff faces, so the gravel-filled nest box

168-464: A closed dynamic system. It is developed along the 4 Ps of project management: Plan, Processes, People, and Power (e.g. line of authority). It is bound by the triple constraints that are calendar, costs and norms of quality, each of which can be determined and measured objectively along the project lifecycle. Some projects produce some level of formal documentation, the deliverable(s), and some impacts, which can be positive and/or negative. A project

252-453: A common cause to help fund services and programs to combat a variety of issues including healthcare and community development. The major aspect of donor-based crowdfunding is that there is no reward for donating; rather, it is based on the donor's altruistic reasoning. Ethical concerns have been raised to the increasing popularity of donation-based crowdfunding, which can be affected by fraudulent campaigns and privacy issues. The inputs of

336-408: A concrete and organized effort motivated by a perceived opportunity when facing a problem, a need, a desire or a source of discomfort (e.g., lack of proper ventilation in a building). It seeks the realization of a unique and innovative deliverable , such as a product , a service , a process, or in some cases, a scientific research. Each project has a beginning and an end, and as such is considered

420-451: A continuous guard on the project progress should be kept by monitoring and evaluating. In civil, military and industry (e.g. oil and gas) infrastructure, capital projects refer to activities to construct and install equipment, facilities and buildings. As these activities are temporary endeavors with clear start and end dates, the term "project" is applied. Because the results of these activities are typically long-standing infrastructure, with

504-403: A daily basis. The future growth potential of crowdfunding platforms also depends on their financing volume with venture capital. Between January 2017 and April 2020 globally 99 venture capital financing rounds for crowdfunding platforms took place with more than half a billion USD of total money raised. The median amount per venture capital financing rounds for crowdfunding was $ 5 million in

588-512: A direct person-to-person lending model to microcredit lending for low-income small business owners in developing countries. In 2017, Facebook initiated "Fundraisers", an internal plug-in function that allows its users to raise money for nonprofits. DonorsChoose .org, founded in 2000, allows public school teachers in the United States to request materials for their classrooms. Individuals can lend money to teacher-proposed projects, and

672-633: A large ceremony in the hall of the Shura Council of Laws, in the presence of Khedive Abbas II and senior statesmen and notables. Its director was the politician and writer Ahmed Lutfi al-Sayyid while the chairman of its board of directors was King Fouad the first . In 1953 the National University changed its name to Cairo University . Marillion started crowdfunding in 1997. Fans of the British rock band raised $ 60,000 (£39,000) via

756-536: A life measured in years or decades, these projects are typically accounted for in financial accounting as capital expenditures, and thus they are termed "capital projects". In computer software , a project can consist of programs, configuration definitions and related data. For example, in Microsoft Visual Studio , a "solution" consists of projects and other definitions. It can be defined as "a set of state policies and/or agencies unified around

840-410: A long history with many roots. Books have been funded in this way in the past; authors and publishers would advertise book projects in praenumeration or subscription schemes. The book would be written and published if enough subscribers signaled their readiness to buy the book once it was out. The subscription business model is not exactly crowdfunding, since the actual flow of money only begins with

924-503: A male named Sequoia are known to have established territories in the San Francisco Bay Area. However, after Sequoia's mate succumbed to avian flu, he disappeared. Lawrencium has successfully raised several broods of chicks on Alcatraz island. In 2023, they had three chicks. Crowdfunding Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via

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1008-493: A newspaper-led campaign attracted small donations from 160,000 donors. Crowdfunding on the internet first gained popular and mainstream use in the arts and music communities. The first noteworthy instance of online crowdfunding in the music industry was in 1997, when fans of the British rock band Marillion raised US$ 60,000 in donations through an Internet campaign to underwrite an entire U.S. tour. The band subsequently used this method to fund their studio albums. This built on

1092-579: A part of wider programme management or function as an ad hoc system. Open-source software "projects" or artists' musical "projects" (for example) may lack defined team-membership, precise planning and/or time-limited durations. The word project comes from the Latin word projectum from the Latin verb proicere , "before an action", which in turn comes from pro- , which denotes precedence, something that comes before something else in time (paralleling

1176-411: A particular issue or oppression". Therefore, these kinds of projects involve constant change and dynamism due to the social constructions that evolve among time. State projects have to adapt to the current moment. They are mostly community services based. In the context of infrastructure code, a project is a collection of code used to build a discrete component of the system. There is no rule on how much

1260-450: A payoff from monetary contributions (desire for investment). Additionally, individuals participate in crowdfunding to see new products before the public. Early access often allows funders to participate more directly in the development of the product. Crowdfunding is also particularly attractive to funders who are family and friends of a creator. It helps to mediate the terms of their financial agreement and manage each group's expectations for

1344-519: A project can be defined as a "temporary endeavor" aimed to drive changes in teams, organizations, or societies. The output of a project is normally a unique product, service, or result. Projects can be short-term or long-term. Project cancellation is the termination of a project prior to its completion and generally includes the cessation of access to funding and other project resources. Project cancellation may result from cost overruns , schedule overruns, changes in budget , change or obviation of

1428-454: A significant percentage of the money raised. In the summer of 1885, crowdfunding averted a crisis that threatened the completion of the Statue of Liberty. Construction of the statue's pedestal stalled due to a lack of financing. Fundraising efforts for the project fell short of the necessary amount by more than a third. New York Governor Grover Cleveland refused to appropriate city funds for

1512-438: A significant pre-existing fan base and fulfill an existing gap in the market." Innovative new platforms, such as RocketHub , have emerged that combine traditional funding for creative work with branded crowdsourcing—helping artists and entrepreneurs unite with brands "without the need for a middle man." A variety of crowdfunding platforms have emerged to allow ordinary web users to support specific philanthropic projects without

1596-411: A single project or its component can include. It is the performance of services, including consultation, operation, management, administrative or other services, for the project. For examples: Site One Landscape Supply provides project services for project bids and submittals in the landscaping industry. Jubilee Scholars consulting firm provides multidisciplinary project services. It is a project that

1680-405: A specified business case . Projects can also be seen as temporary organizations. Project objectives define target status at the end of the project, reaching of which is considered necessary for the achievement of planned benefits. They can be formulated as SMART criteria : Projects are often guided by a steering group . The evaluation (measurement) occurs at the project closure. However,

1764-463: A third egg being laid and the entire clutch being incubated by both Annie and the new male. Following a public vote, the new male was named Alden, after Alden Miller , a UC Berkeley ornithologist who succeeded Joseph Grinnell as director of the Museum of Vertebrate Zoology. In late 2022, Alden disappeared and was replaced by Lou, named after Louise Kellogg, who was the best friend of Annie Alexander. He

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1848-417: A valuation around $ 9 billion. Litigation crowdfunding allows plaintiffs or defendants to reach out to hundreds of their peers simultaneously in a semi-private and confidential manner to obtain funding, either seeking donations or providing a reward in return for funding. It also allows investors to purchase a stake in a claim they have funded, which may allow them to get back more than their investment if

1932-532: A wide range of for-profit entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, and community-oriented social entrepreneurship projects. Although crowdfunding has been suggested to be highly linked to sustainability, empirical validation has shown that sustainability plays only a fractional role in crowdfunding. Its use has also been criticized for funding quackery , especially costly and fraudulent cancer treatments. Funding by collecting small donations from many people has

2016-519: Is an individual or collaborative enterprise that is carefully planned and researched about by students. At schools, educational institutes and universities, a project is a research assignment - given to a student - which generally requires a larger amount of effort and more independent work than that involved in a normal essay assignment. It requires students to undertake their fact-finding and analysis, either from library/internet research or from gathering data empirically. The written report that comes from

2100-482: Is carefully planned to achieve a specific objective. An alternative view sees a project managerially as a sequence of events: a "set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations". A project may be a temporary (rather than a permanent) social system ( work system ), possibly staffed by teams (within or across organizations ) to accomplish particular tasks under time constraints . A project may form

2184-402: Is meant to improve the lives of others, often done without expecting anything in return. It can benefit individuals, a non-profit, or a community A service project can directly address community needs, indirectly address community needs through research, organization, or community action; and provide research and advocacy for change in society, politics, and the environment. A community project

2268-622: Is nicknamed "Cheeto-feet" because of his bright orange feet. Between 2017 and 2021, Annie and Grinnell raised a total of thirteen chicks, twelve of which successfully fledged. One, named Lux, died shortly after leaving the nest site by hitting a window. Prior to Grinnell's death in 2022 Annie also laid two more eggs assumed to be fathered by Grinnell. As of April 2022 Annie has also laid an additional egg of unknown parentage. The chicks, eventually named Grinnell Jr. and Lindsay, grew up, but two months after fledging, Lindsay got killed by red-shouldered hawks. Each year Cal Falcons holds an naming contest for

2352-475: Is the online pooling of capital from investors to fund mortgages secured by real estate, such as " fix and flip " redevelopment of distressed or abandoned properties, equity for commercial and residential projects, acquisition of pools of distressed mortgages, home buyer down payments, and similar real estate related outlets. Investment, via specialized online platforms in the US, is generally completed under Title II of

2436-423: Is to raise funds for a project where a digital security is offered as a reward to funders which is known as Initial coin offering (abbreviated to ICO). Some value tokens are endogenously created by particular open decentralized networks that are used to incentivize client computers of the network to expend scarce computer resources on maintaining the protocol network. These value tokens may or may not exist at

2520-608: The Greek πρό) and iacere , "to do". The word "project" thus originally meant "before an action". When the English language initially adopted the word, it referred to a plan of something, not to the act of actually carrying this plan out. Something performed in accordance with a project became known as an " object ". Every project has certain phases of development. Based on the Project Management Institute ,

2604-785: The JOBS Act and is limited to accredited investors. The platforms offer low minimum investments, often $ 100 – $ 10,000. There are over 75 real estate crowdfunding platforms in the United States. The growth of real estate crowdfunding is a global trend. During 2014 and 2015, more than 150 platforms have been created throughout the world, such as in China, the Middle East, or France. In Europe, some compare this growing industry to that of e-commerce ten years earlier. Examples of real estate crowdfunding platforms are EquityMultiple, Fundrise , Yieldstreet , CrowdStreet, and RealtyMogul. In Europe,

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2688-603: The Office for the Coordination of Humanitarian Affairs (OCHA) have been researching and publishing about the topic. One crowdfunding project, iCancer, was used to support a Phase 1 trial of AdVince, an anti-cancer drug in 2016. Research into the suitability of crowdfunding for civic investment in the UK highlights that the public sector has not fully realized the benefits of a crowdfunding approach. Real estate crowdfunding

2772-407: The goal of the project, political factors, or any combination of those and other factors. Contracts often stipulate the time and the manner in which a project may be cancelled. Contracted projects typically have a specified end date, when the contract may or may not be renewed; nonrenewal often has the same effect as cancellation but carries different legal ramifications. A project consists of

2856-501: The project initiator who proposes the idea or project to be funded, individuals or groups who support the idea, and a moderating organization (the "platform") that brings the parties together to launch the idea. The term crowdfunding was coined in 2006 by entrepreneur and technologist, Michael Sullivan, to differentiate traditional fundraising with the trends of native Internet projects, companies and community efforts to support various kinds of creators. Crowdfunding has been used to fund

2940-436: The "film" category: A number of private companies thrive off of crowdfunding and offer services related to a number of platforms. Examples include large companies like BackerKit that principally offer data analysis of campaigns , or Y Combinator , which acts as a startup accelerator and receives a significant number of its applicants from platforms such as Kickstarter and Indiegogo. The Italian-American company Atellani USA

3024-461: The 19th and 20th centuries is a broader precursor. It generated collective groups, such as community or interest-based groups, pooling subscribed funds to develop new concepts, products, and means of distribution and production, particularly in rural areas of Western Europe and North America. In 1885, when government sources failed to provide funding to build a monumental base for the Statue of Liberty ,

3108-692: The 2012 amount was raised in North America. Crowdfunding is expected to reach US$ 1 trillion in 2025. A May 2014 report, released by the United Kingdom-based The Crowdfunding Centre and titled "The State of the Crowdfunding Nation", presented data showing that during March 2014, more than US$ 60,000 were raised on an hourly basis via global crowdfunding initiatives. Also during this period, 442 crowdfunding campaigns were launched globally on

3192-519: The Decentralized Autonomous Organization ". Debt-based crowdfunding, (also known as "peer-to-peer", "P2P", "marketplace lending", or "crowdlending") arose with the founding of Zopa in the UK in 2005 and in the US in 2006, with the launches of Lending Club and Prosper.com . Borrowers apply online, generally for free, and their application is reviewed and verified by an automated system, which also determines

3276-510: The Kickstarter platform prior to the date of publication, including: Musician Amanda Palmer raised US$ 1.2 million from 24,883 backers in June 2012 to make a new album and art book. Other campaigns include: Kickstarter has been used to successfully revive or launch television and film projects that could not get funding elsewhere. These are the current record holders for projects in

3360-473: The U.S. and $ 1.5 million in Europe between January 2017 and April 2020. In 2015, it was predicted that over 2,000 crowdfunding sites would be available to choose from in 2016. As of 2021, there are 1,478 crowdfunding organizations in the US ( Crunchbase , 2021). As of January 2021, Kickstarter has raised more than $ 5.6 billion spread over 197,425 projects. Crowdfunding platforms have differences in

3444-467: The UK, Spacehive is used by the Mayor of London and Manchester City Council to co-fund civic projects created by citizens. Similarly, dedicated Humanitarian Crowdfunding initiatives are emerging, involving humanitarian organizations, volunteers, and supporters in solving and modeling how to build innovative crowdfunding solutions for the humanitarian community. Likewise, international organizations like

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3528-683: The UK-based United Innovation Association, counsel that ideas can be protected on crowdfunding sites through early filing of patent applications , use of copyright and trademark protection as well as a new form of idea protection supported by the World Intellectual Property Organization called Creative Barcode. A number of platforms have also emerged that specialize in the crowdfunding of scientific projects, such as experiment.com , and The Open Source Science Project. In

3612-444: The UK. One of the challenges of posting new ideas on crowdfunding sites is there may be little or no intellectual property (IP) protection provided by the sites themselves. Once an idea is posted, it can be copied. As Slava Rubin, founder of IndieGoGo, said: "We get asked that all the time, 'How do you protect me from someone stealing my idea?' We're not liable for any of that stuff." Inventor advocates, such as Simon Brown, founder of

3696-456: The US, P2P lending totaled about $ 5 billion. In 2014, in the UK, P2P platforms lent businesses £749 million, a growth of 250% from 2012 to 2014, and lent retail customers £547 million, a growth of 108% from 2012 to 2014. In both countries in 2014, about 75% of all the money transferred through crowdfunding went through P2P platforms. Lending Club went public in December 2014 at

3780-475: The arrival of the product. However, the list of subscribers has the power to create the necessary confidence among investors that is needed to risk the publication. War bonds are theoretically a form of crowdfunding military conflicts. London's mercantile community saved the Bank of England in the 1730s when customers demanded their pounds to be converted into gold – they supported the currency until confidence in

3864-564: The borrower's credit risk and interest rate. Investors buy securities in a fund that makes the loans to individual borrowers or bundles of borrowers. Investors make money from interest on the unsecured loans; the system operators make money by taking a percentage of the loan and a loan servicing fee. In 2009, institutional investors entered the P2P lending arena; for example in 2013, Google invested $ 125 million in Lending Club. In 2014, in

3948-668: The case succeeds (the reward is based on the compensation received by the litigant at the end of his or her case, known as a contingent fee in the United States, a success fee in the United Kingdom, or a pactum de quota litis in many civil law systems). LexShares is a platform that allows accredited investors to invest in lawsuits. Donation-based crowdfunding is the collective effort of individuals to help charitable causes. In donation-based crowdfunding, funds are raised for religious, social environmental, or other purposes. Donors come together to create an online community around

4032-448: The construction of a company. Equity crowdfunding, unlike donation and rewards-based crowdfunding, involves the offer of securities which include the potential for a return on investment. Syndicates, which involve many investors following the strategy of a single lead investor, can be effective in reducing information asymmetry and in avoiding the outcome of market failure associated with equity crowdfunding. Another kind of crowdfunding

4116-602: The female, was named after Annie Montague Alexander , a naturalist who founded the University of California Museum of Paleontology and Museum of Vertebrate Zoology . Grinnell, the male, was named after Joseph Grinnell , the first director of the Museum of Vertebrate Zoology. On October 31, 2021, Grinnell was injured in a territorial battle with another falcon. He was taken to the Lindsay Wildlife Experience for evaluation and rehabilitation. Grinnell

4200-511: The first Egyptian university, and published an advertisement in Al-Ahram newspaper in October 1906 calling on Egyptians to fulfill the nation's debt and not procrastinate with it. Indeed, many people including school children rushed to donate, and the patriots encouraged this subscription until donations exceeded 4,400 Egyptian pounds. The National University was opened on December 21, 1908, in

4284-521: The front page, and kept a running tally of funds raised. The campaign raised over $ 100,000 (roughly $ 2 million today) allowing the city to complete construction of the pedestal. Pulitzer and The World simultaneously saved the Statue of Liberty and gave birth to crowdfunding in American politics. Crowdfunding for Cairo University The Egyptian national leader, Mustafa Kamel , launched an initiative for public subscription in favor of establishing

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4368-431: The highest reported funding by a crowdfunded project to date is Star Citizen , an online space trading and combat video game being developed by Chris Roberts and Cloud Imperium Games; it has raised over $ 500M to date, and while it has a devoted fan base, criticism has arisen for being a potential scam. On April 17, 2014, The Guardian media outlet published a list of "20 of the most significant projects" launched on

4452-456: The individual to participate by expecting a payoff. Crowdfunding platforms are motivated to generate income by drawing worthwhile projects and generous funders. These sites also seek widespread public attention for their projects and platform. Crowdfunding websites helped companies and individuals worldwide raise US$ 89 million from members of the public in 2010, $ 1.47 billion in 2011, and $ 2.66 billion in 2012 — $ 1.6 billion of

4536-419: The individuals in the crowd trigger the crowdfunding process and influence the ultimate value of the offerings or outcomes of the process. Individuals act as agents of the offering, selecting, and promoting of the projects in which they believe. They sometimes play a donor role oriented towards providing help on social projects. In some cases, they become shareholders and contribute to the development and growth of

4620-413: The internet to help finance a North American tour. The Professional Contractors Group , a trade body representing freelancers in the UK, raised £100,000 over a two-week period in 1999 from some 2000 freelancers threatened by a government measure known as IR35 . In 2003, jazz composer Maria Schneider (musician) launched the first crowdfunding campaign on ArtistShare for a new recording. The recording

4704-418: The internet. Crowdfunding is a form of crowdsourcing and alternative finance . In 2015, over US$ 34 billion was raised worldwide by crowdfunding. Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to internet-mediated registries. This modern crowdfunding model is generally based on three types of actors –

4788-413: The need for large amounts of money. GlobalGiving allows individuals to browse through a selection of small projects proposed by nonprofit organizations worldwide, donating funds to projects of their choice. Microcredit crowdfunding platforms such as Kiva (organization) facilitate crowdfunding of loans managed by microcredit organizations in developing countries. The US-based nonprofit Zidisha applies

4872-422: The offering. Individuals disseminate information about projects they support in their online communities, generating further support (promoters). The motivation for consumer participation stems from the feeling of being at least partly responsible for the success of others people's initiatives (desire for patronage), striving to be a part of a communal social initiative (desire for social participation), and seeking

4956-430: The organization fulfills and delivers supplies to schools. There are also a number of own-branded university crowdfunding websites , which enable students and staff to create projects and receive funding from alumni of the university or the general public. Several dedicated civic crowdfunding platforms have emerged in the US and the UK, some of which have led to the first direct involvement of governments in crowdfunding. In

5040-462: The persons behind the projects strongly enough to provide monetary support. In response to arbitrary crowdfunding curation on existing platforms, an open source alternative called Selfstarter emerged in late 2012 from the project Lockitron after it was rejected from Kickstarter. While Selfstarter required the creators of the project to set up hosting and payment processing, it proved that projects could successfully crowdfund without middlemen taking

5124-422: The pound was restored, thus crowdfunding their own money. A clearer case of modern crowdfunding is Auguste Comte 's scheme to issue notes for the public support of his further work as a philosopher. The "Première Circulaire Annuelle adressée par l'auteur du Système de Philosophie Positive " was published on March 14, 1850, and several of these notes, blank and with sums, have survived. The cooperative movement of

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5208-420: The project is usually in the form of a dissertation , which will contain sections on the project's inception, analysis, findings and conclusions. In project management, a project consists of a temporary endeavor undertaken to create a unique product , service or result. Another definition is a management environment that is created for the purpose of delivering one or more business products according to

5292-600: The project, and Congress could not agree on a funding package. Recognizing the social and symbolic significance of the statue, publisher Joseph Pulitzer came to the rescue by launching a five-month fundraising campaign in his newspaper The World . The paper solicited contributions by publishing articles that appealed to the emotions of New Yorkers. Donations of all sizes poured in, ranging from $ 0.15 to $ 250. More than 160,000 people across America gave, including businessmen, waiters, children, and politicians. The paper chronicled each donation, published letters from contributors on

5376-409: The project. An individual who takes part in crowdfunding initiatives tends to have several distinct traits – innovative orientation, which stimulates the desire to try new modes of interacting with firms and other consumers; social identification with the content, cause, or project selected for funding, which sparks the desire to be a part of the initiative; and (monetary) exploitation, which motivates

5460-425: The project. While funding does not depend on location, observation shows that funding is largely tied to the locations of traditional financing options. In reward-based crowdfunding, funders are often too hopeful about project returns and must revise expectations when returns are not met. Equity crowdfunding is the collective effort of individuals to support efforts initiated by other people or organizations through

5544-448: The provision of finance in the form of equity. In the United States, legislation that is mentioned in the 2012 JOBS Act will allow for a wider pool of small investors with fewer restrictions following the implementation of the act. Unlike non-equity crowdfunding, equity crowdfunding contains heightened "information asymmetries." The creator must not only produce the product for which they are raising capital, but also create equity through

5628-405: The public a say in science funding. In turn, critics are worried about quality control on crowdfunding platforms. If non-scientists were allowed to make funding decisions, it would be more likely that "panda bear science" is funded, i.e. research with broad appeal but lacking scientific substance. Project A project is a type of assignment, typically involving research or design, that

5712-477: The requirements towards investors are not as high as in the United States, lowering the entry barrier into the real estate investments in general. Real estate crowdfunding can include various project types from commercial to residential developments, planning gain opportunities, build to hold (such as social housing ), and many more. The report from Cambridge Centre for Alternative Finance addresses both real estate crowdfunding and peer 2 peer lending (property) in

5796-448: The scientific community, these new options for research funding are seen ambivalently. Advocates of crowdfunding for science emphasize that it allows early-career scientists to apply for their own projects early on, that it forces scientists to communicate clearly and comprehensively to a broader public, that it may alleviate problems of the established funding systems which are seen to fund conventional, mainstream projects, and that it gives

5880-479: The season's chicks largely via social media. Previous names have included Berkeley's motto (Fiat/Lux), chemical elements discovered at UC Berkeley, conservationists critical to the peregrine falcon's recovery, California state plants, falcon figures in Native American tradition, famous scientists, and Grinnell-related topics. Two of the chicks fledged from UC Berkeley, a female named Lawrencium (aka Larry) and

5964-593: The services they provide and the type of projects they support. Curated crowdfunding platforms serve as "network orchestrators" by curating the offerings that are allowed on the platform. They create the necessary organizational systems and conditions for resource integration among other players to take place. Relational mediators act as an intermediary between supply and demand. They replace traditional intermediaries (such as traditional record companies, venture capitalists). These platforms link new artists, designers, project initiators with committed supporters who believe in

6048-472: The site from various fans and investors, providing him with the funds to complete his film. In 2002, the "Free Blender" campaign was an early software crowdfunding precursor. The campaign aimed for open-sourcing the Blender 3D computer graphics software by collecting €100,000 from the community, while offering additional benefits for donating members. The first company to engage in this business model

6132-517: The success of crowdfunding via magazines, such as the 1992 campaign by the Vegan Society that crowdfunded the production of the Truth or Dairy video documentary. In the film industry, writer/director Mark Tapio Kines designed a website in 1997 for his then-unfinished first feature film, the independent drama Foreign Correspondents . By early 1999, he had raised more than US$ 125,000 through

6216-417: The territory, as multiple unknown female birds were seen courting Grinnell. After her return, Annie laid two eggs with Grinnell. On March 31, 2022, Grinnell was found dead in the road in downtown Berkeley. Cause of death was not known, but he may have been hit by a car after being attacked by a rival falcon. On April 1, 2022, Annie was courted by a new male who quickly established a pair bond with her, leading to

6300-578: The time of the crowdsale, and may require substantial development effort and eventual software release before the token is live and establishes a market value. Although funds may be raised simply for the value token itself, funds raised on blockchain -based crowdfunding can also represent equity , bonds , or even " market-maker seats of governance " for the entity being funded. Examples of such crowd sales are Augur decentralized, distributed prediction market software which raised US$ 4 million from more than 3500 participants; Ethereum blockchain ; and "

6384-468: The traditional financier role of a record label for artists they believe in by funding the recording process". Since pioneering crowdfunding in the film industry, Spanner Films has published a "how-to" guide. A Financial article published in mid-September 2013 stated that "the niche for crowdfunding exists in financing films with budgets in the [US]$ 1 to $ 10 million range" and crowdfunding campaigns are "much more likely to be successful if they tap into

6468-736: The word was in August 2006. Crowdfunding is a part of crowdsourcing, which is a much wider phenomenon itself. The Crowdfunding Centre's May 2014 report identified two primary types of crowdfunding: Reward-based crowdfunding has been used for a wide range of purposes, including album recording and motion-picture promotion, free software development, inventions development, scientific research, and civic projects. Many characteristics of rewards-based crowdfunding, also called non-equity crowdfunding, have been identified by research studies. In rewards-based crowdfunding, funding does not rely on location. The distance between creators and investors on Sellaband

6552-471: Was about 3,000 miles when the platform introduced royalty sharing. The funding for these projects is distributed unevenly, with a few projects accounting for the majority of overall funding. Additionally, funding increases as a project nears its goal, encouraging what is called "herding behavior". Research also shows that friends and family account for a large, or even majority, portion of early fundraising. This capital may encourage subsequent funders to invest in

6636-405: Was designed to mimic those conditions. A permanent wooden nest box was installed in 2018, prior to the pair's second breeding season. Two cameras were installed prior to the 2019 nesting season, allowing continual remote viewing of the nest area. The breeding pair that established the territory in 2017 were named Annie and Grinnell as part of a crowdfunding campaign to purchase the cameras. Annie,

6720-463: Was diagnosed with several injuries, including puncture wounds, a wing injury, and a damaged beak. During the period Grinnell was in the hospital, an unknown male began to court Annie. Grinnell was released from care on November 17, 2021 and subsequently reclaimed the territory from the unknown male. During the 2022 breeding season, Annie disappeared for a week prior to laying eggs, leading to speculation that she had been injured, killed, or driven away from

6804-562: Was distributed by RGH/Lion's Shares Pictures. In 2004, Electric Eel Shock , a Japanese rock band, raised £10,000 from 100 fans (the Samurai 100) by offering them a lifetime membership on the band's guestlist. Two years later, they became the fastest band to raise a US$ 50,000 budget on SellaBand . Franny Armstrong later created a donation system for her feature film The Age of Stupid . Over five years, from June 2004 to June 2009 (release date), she raised £ 1,500,000. As of late 2022,

6888-535: Was funded by her fans and became the first recording in history to win a Grammy Award without being available in retail stores. Oliver Twisted (Erik Estrada, Karen Black) was an early crowdfunded film. Subscribers of The Blue Sheet formed The Florida Film Investment Co (FFI) in January 1995, and started selling shares of stock at $ 10 a share to fund the $ 80,000 – $ 100,000 film. The Movie was filmed in Oct 1996. The film

6972-516: Was originally founded with the intent to market, accelerate, and invest in startups wanting to publicize their ideas via crowdfunding platforms like Kickstarter, often designing the startup's campaign and online material. Crowdfunding is being explored as a potential funding mechanism for creative work such as blogging and journalism, music, independent film (see crowdfunded film ), and for funding startup companies . Community music labels are usually for-profit organizations where "fans assume

7056-450: Was the U.S. website ArtistShare (2001). As the model matured, more crowdfunding sites started to appear on the web such as Kiva (2005), The Point (2008, precursor to Groupon ), Indiegogo (2008), Kickstarter (2009), GoFundMe (2010), Microventures (2010), YouCaring (2011)., and Redshine Publication (2012) for book publication. The phenomenon of crowdfunding is older than the term "crowdfunding". The earliest recorded use of

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