Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance . In 2015, over US$ 34 billion was raised worldwide by crowdfunding.
90-672: FV103 Spartan is a tracked armoured personnel carrier . It was developed for the British Army as the APC variant of the Combat Vehicle Reconnaissance (Tracked) family. The vehicle can carry up to seven personnel, including three crew members. Armed with a single machine gun, it is almost indistinguishable from the FV102 Striker in external appearance. Rather than a general personnel carrier for infantry,
180-452: A Mk 19 grenade launcher) are in fully enclosed turrets (turrets typically have optics which make them more accurate). More recently, APCs have been equipped with remote weapon systems . The baseline Stryker carries an M2 on a Protector remote weapons system. APCs may be used as armoured ambulances , to conduct evacuations of wounded personnel. These vehicles are equipped with stretchers and medical supplies. According to article 19 of
270-472: A combination of three crew members and four passengers or two crew members and five passengers. It is armed with one 7.62 mm L37A1 machine gun, and can have four smoke dischargers on each side. In addition to the APC role, it has been used as a resupply vehicle for the FV102 Striker, carrying extra Swingfire missiles. The FV103 has a combat weight of 10,670 kilograms (23,520 lb). It has
360-453: 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
450-403: 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
540-526: A deployable state. By 2007, 495 FV103 Spartans were in the service of the United Kingdom. These were replaced by mid-2009 with Panther Command and Liaison Vehicles . Belgium began using Spartans, along with other CVR(T) vehicles, in their cavalry units from 1975. On 11 April 2022, during the 2022 Russian invasion of Ukraine , the United Kingdom approved the delivery of 120 armored vehicles, including FV103 Spartan combat vehicles, to Ukraine following
630-512: 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
720-483: 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 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
810-633: 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
900-571: A maximum speed of 96 kilometres per hour (60 mph) and has a range of 510 kilometres (320 mi). It is capable of negotiating up to 60% gradients. An anti-tank variant of the FV103 was produced, named the FV120 Spartan MCT (Spartan with MILAN Compact Turret). The FV120 has a two-man turret, and carries thirteen MILAN Anti-Tank Light Infantry Missiles, with two in launch positions. A 'stretched Spartan' design with an extra road wheel
990-491: A meeting between UK prime minister Boris Johnson and Ukrainian president Volodymyr Zelensky in an unannounced visit to Kyiv. Johnson pledged 120 armored vehicles and new anti-ship missile systems for Ukraine as part of another £ 100 million (€120 million, $ 130 million) commitment to delivering high-grade military equipment. 35 Spartans had been donated by the UK government, and had proved very successful. A crowdfunding appeal by
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#17327942967941080-592: A monumental base for the Statue of Liberty , 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
1170-450: 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
1260-517: A rule, is armed with an integral or organic weapon of less than 20 millimetres calibre." Compared to infantry fighting vehicles (IFVs), which are also used to carry infantry into battle, APCs have less armament and are not designed to provide direct fire support in battle. Infantry units that travel in APCs are known as mechanized infantry . Some militaries also make a distinction between infantry units that use APCs and infantry units that use IFVs, with
1350-454: 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
1440-438: 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
1530-417: 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
1620-533: A whole were produced in large numbers. Czechoslovakia and Poland together developed the universal amphibious OT-64 SKOT . The BMP series is termed as infantry fighting vehicles , but it has a designed role of carrying troops to the battlefield. The BMP-1 , 2 , and 3 all possess the ability to transport troops. By convention, armoured personnel carriers are not intended to take part in direct-fire battle, but are armed for self-defence and armoured to provide protection from shrapnel and small arms fire. An APC
1710-516: Is a broad type of armoured military vehicle designed to transport personnel and equipment in combat zones. Since World War I , APCs have become a very common piece of military equipment around the world. According to the definition in the Treaty on Conventional Armed Forces in Europe , an APC is "an armoured combat vehicle which is designed and equipped to transport a combat infantry squad and which, as
1800-420: Is either wheeled or tracked , or occasionally a combination of the two, as in a half-track . Wheeled vehicles are typically faster on road and less expensive, however have higher ground pressure which decreases mobility offroad and makes them more likely to become stuck in soft terrains such as mud, snow or sand. Tracked vehicles typically have lower ground pressure and more maneuverability off-road. Due to
1890-402: Is generally based on three types of actors – 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
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#17327942967941980-740: Is the heavily armoured Israeli Achzarit , converted from captured T-55s tanks, the concept culminating in the Namer . Meanwhile, the Warsaw Pact developed their own versions of the APC. The Soviet Union termed theirs the Bronetransporter ( Russian : бронетранспортер ), better known as the BTR series. It comprised the BTR-40 , BTR-152 , BTR-60 , BTR-70 , BTR-80 , and the BTR-90 , which as
2070-475: 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
2160-423: 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
2250-492: The Bank of England in the 1730s when customers demanded their pounds to be converted into gold – they supported the currency until confidence in 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 "
2340-508: The Cold War , more specialized APCs were developed. The United States introduced a series of them, including successors to the wartime Landing Vehicle Tracked . The most numerous was the M113 armored personnel carrier , of which more than 80,000 were produced. Western nations have since retired most M113s, replacing them with newer APCs, many of these wheeled. A cold war example of a "Kangaroo"
2430-669: The Geneva Conventions , "mobile medical units of the Medical Service may in no circumstances be attacked, but shall at all times be respected and protected by the Parties to the conflict". Although article 22 allows them to carry defensive weaponry, they are typically unarmed. Under Article 39, the emblem of the medical service "shall be displayed ... on all equipment employed in the Medical Service." As such, armoured ambulances are marked with International Committee of
2520-785: 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,
2610-455: The KPV , PKT and NSV machine guns are common options. In "open top" mounts the gunner sticks out of the vehicle and operates a gun on a pintle or ring mount. Ring mounts allow the gun to traverse 360 degrees, a pintle mount has a limited field of fire. It can be preferable to an enclosed gunner because it allows a greater field of view and communication using shouts and hand signals. However,
2700-555: 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
2790-679: The Prytula Foundation launched on 2 November 2022 raised US$ 5.5m to buy 60 ex-British Army FV103 Spartans, to be delivered to Ukraine that year. In February 2023, Unite With Ukraine procured 6 more Spartans for service with the Territorial Defense Forces of the Armed Forces of Ukraine . As of September 2024, 13 units were destroyed, 2 damaged and 2 captured by Russian Forces. Armoured personnel carrier An armoured personnel carrier ( APC )
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2880-436: 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
2970-692: 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
3060-538: The American M3 and German Sd.Kfz. 251 played a role similar to post-war APCs. British Commonwealth forces relied on the full-tracked Universal Carrier . Over the course of the war, APCs evolved from simple armoured cars with transport capacity to purpose-built vehicles. Obsolete armoured vehicles were also repurposed as APCs, such as the various " Kangaroos " converted from M7 Priest self-propelled guns and from Churchill , M3 Stuart and Ram tanks . During
3150-519: 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
3240-487: The French VAB . Armoured personnel carriers are designed primarily for transport and are lightly armed. They may be unarmed, or armed with some combination of light , general-purpose , heavy machine guns, or automatic grenade launchers . In Western nations, APCs are frequently armed with the .50 calibre M2 Browning machine gun , 7.62mm FN MAG , or 40mm Mk 19 grenade launcher . In former Eastern bloc nations,
3330-549: The Israeli IDF Namer has as much armour as Merkava main battle tank . Armour is usually composed of steel or aluminium . They will also use ballistic glass . Many APCs are equipped with CBRN protection, which is intended to provide protection from weapons of mass destruction like poison gas and radioactive/nuclear weapons. Generally APCs will be lighter and less armoured than tanks or IFVs, often being open topped and featuring doors and windows, as seen in
3420-510: 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
3510-510: The Red Cross ( ICRC ) recognized symbols . The infantry fighting vehicle is a derivative of the APC. Various classes of infantry fighting vehicles may be deployed alongside tanks and APCs, in armoured and mechanized forces. The fundamental difference between an APC and IFV is the role they are designed for. The CFE treaty stipulates an infantry fighting vehicle is an APC with a cannon in excess of 20 mm, and with this additional firepower
3600-462: The Spartan had been used for moving specialist teams, such as anti-aircraft missile teams. An anti-tank variant of the Spartan armed with MILAN anti-tank missiles was produced, named the FV120 Spartan MCT. Nearly 500 Spartans served with the British armed forces since entering service in 1978. Replacement by newer vehicles started in 2009. The vehicle is now out of British service. The FV103 Spartan
3690-420: 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
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3780-467: 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
3870-683: 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
3960-444: 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
4050-456: 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
4140-414: The book once it was out. The subscription business model is not exactly crowdfunding, since the actual flow of money only begins with 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
4230-564: 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
4320-604: 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
4410-448: 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
4500-511: 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
4590-521: 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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#17327942967944680-566: The gunner is poorly protected and at risk of injury in the event of vehicle rollover. During the Vietnam War , M113 gunners often suffered heavy casualties. Enclosed vehicles are equipped with turrets that allow the crew to operate the weapons system while protected by the vehicle's armour. The Soviet BTR-60 has an enclosed turret mounted with a KPV heavy machine gun with a PKT coaxial machine gun. The U.S. Assault Amphibious Vehicle, Personnel ( AAVP7 's) machine guns (an M2, .50 caliber MG and
4770-431: 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
4860-456: 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
4950-419: 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
5040-473: The infantry following—who were needed to consolidate the territory acquired—still faced small arms and artillery fire. Without infantry support, the tanks were isolated and more easily destroyed. In response, the British experimented with carrying machine-gun crews in the Mark V* tank , but it was found that the conditions inside the tanks rendered the men unfit for combat. During World War II, half-tracks like
5130-552: The integrity of the hull and folding down a trim vane in front. Water traverse speed varies greatly between vehicles and is much less than ground speed. The maximum swim speed of the M113 is 3.6 mph (5.8 km/h), about 10% its road speed, and the AAVP-7 can swim at 8.2 mph (13.2 km/h). Armoured personnel carriers are typically designed to protect against small arms and artillery fire. Some designs have more protection;
5220-413: 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
5310-631: The latter being known as armoured infantry. One of the first armored vehicles to be used in combat was the Spanish Schneider-Brillié , which saw action in Morocco. It was built from the chassis of a Schneider P2-4000 bus and could carry 12 passengers. The genesis of the armoured personnel carrier was on the Western Front of World War I. In the later stage of the war, Allied tanks could break through enemy trenches , but
5400-443: The limited service life of their treads , and the wear they cause on roads, tracked vehicles are typically transported over long distances by rail or trucks . Many APCs are amphibious , meaning they are able to traverse bodies of water. To move in water they will often have propellers or water jets , be propelled by their tracks, or driving on the river bed. Preparing the APC to operate amphibiously usually comprises checking
5490-413: 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
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#17327942967945580-422: 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
5670-430: 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
5760-462: 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
5850-600: 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
5940-409: 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
6030-425: 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
6120-448: 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
6210-477: 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
6300-536: The roof or sides of the vehicle. Many feature a remote weapon system . Usually four-wheel drive, these IMVs are distinct from 8-, 6-, and 4-wheeled APCs (such as the VAB ), being closer in appearance to civilian armoured money and gold transporters . 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
6390-448: 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
6480-593: 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
6570-472: 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
6660-646: The stretched version retained the mobility of the basic CVR(T), MVEE built another prototype from scratch with a wider hull called the FV4333 . Alvis later purchased the design rights, renamed the vehicle the Alvis Stormer , and developed it further. In 2006 it was reported to the House of Commons that 478 FV103 vehicles were in service with the armed forces of the United Kingdom in April of that year, 452 of them in
6750-517: 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
6840-578: 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 "
6930-468: 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
7020-467: The trends of native Internet projects, companies and community efforts to support various kinds of creators. Crowdfunding has been used to fund 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
7110-402: The uparmoured M1114 HMMWV is a clear example of this. The addition of armour provides protection to passengers. M1114s have been largely replaced by purpose-built Mine Resistant Ambush Protected ( MRAP ) vehicles. IMVs generally feature a v-shaped underbelly designed to deflect mine blasts outwards, with additional crew protection features such as four-point seat belts, and seats suspended from
7200-535: The vehicle is more involved in combat, providing fire support to dismounted infantry. "Infantry mobility vehicle" (IMV) is a new name for the old concept of an armoured car, with an emphasis on mine resistance. They are primarily used to protect passengers in unconventional warfare . The South African Casspir was first built in the late 1970s. In the 21st century, they gained favour in the post-Cold-War geopolitical climate. Identical to earlier High Mobility Multipurpose Wheeled Vehicle (HMMWV) in design and function,
7290-736: 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
7380-471: 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
7470-506: Was considered as a future replacement for the FV430 , able to carry three more dismounted personnel (7+3 crew), and replacing the Jaguar petrol engine with a Perkins diesel offering greater range. CVR(T) prototype number 11 (a Scorpion) was cut and extended to demonstrate the basic hull could be used as a ten-man Armoured Personnel Carrier (APC), and a diesel engine fitted. After tests confirmed
7560-536: Was developed during the 1970s as the Armoured Personnel Carrier (APC) version of the British Army 's Combat Vehicle Reconnaissance (Tracked) (CVR(T)) family of armoured fighting vehicles, designed by Alvis plc . The vehicle entered service with the British military in 1978. The Spartan is similar in appearance to the FV102 Striker, except for the missile launcher on the Striker. The Spartan
7650-562: 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,
7740-535: 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
7830-516: 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
7920-542: Was powered by a 4.2l XK Jaguar petrol engine. The vehicle is 5.16 metres (16.9 ft) in length and 2.48 metres (8 ft 2 in) in width. With a ground clearance of 0.33 metres (1 ft 1 in), it has a height of 2.63 metres (8 ft 8 in). As the APC variant of the CVR(T) family, the FV103 has been used by small specialized groups such as mortar fire controller teams, anti aircraft teams and also reconnaissance teams. The vehicle can carry seven personnel, in
8010-490: Was published on March 14, 1850, and several of these notes, blank and with sums, have survived. The cooperative movement of 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
8100-450: 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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