Management Today Lists Top Eight Crowdfunding Sites

Management Today Lists Top Eight Crowdfunding Sites

When it comes to raising finance, crowdfunding is the new kid on the block. The model allows anyone to invest in a great idea or product, spawning a new generation of so-called ‘armchair investors’. Here are the top eight crowdfunding platforms making waves in the UK right now.

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Awesome Fast Company Case Study on How a Successful Kickstarter Crowdfunding Campaign

Awesome Fast Company Case Study on How a Successful Kickstarter Crowdfunding Campaign Can Create Problems

Twine is exactly the type of sensor-stuffed, Wi-Fi-connected gadget you would expect to take off in Kickstarter’s tech section. The device promises to make your washing machine tweet when the laundry is done and your basement send an email when it floods. Blogs called it “the future” within a week after debuting. Nobody was surprised when it raised more than half-a-million dollars–except for its creators.

When John Kestner and David Carr posted Twine on Kickstarter in November 2011, they had set their fundraising goal at $35,000. Their plan was to produce about 200 units using the same process that created the prototype. But six weeks later, having raised $556,541, they were now committed to shipping almost 4,000 units. The homemade wax mold used to create Twine’s prototype was no longer going to cut it, and there wasn’t another plan. “We were definitely not thinking of the risk of being too successful,” Kestner tells Fast Company.

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