The Advancement of Crowdfunding

Think crowdfunding is a social media fad? It’s in fact a valuable tool used even by stars in Hollywood. Legendary musician Neil Young recently turned to crowdfunding to launch a new music technology. It’s not just for launching once obscure inventors into the mainstream thanks to the presentation of an idea. Industries have embraced crowdfunding and see the value in how it promotes ideas that might be otherwise overlooked.

I think crowdfunding is a wonderful democratization of capital,” says Kay Koplovitz, the founder of USA Network. “It allows many more people to come into the marketplace.”

Big Think sat down with Koplovitz at Exponential Finance, presented by Singularity University & CNBC to discuss how crowdfunding can continue to evolve as well as shape industries. She points out that the technology is mostly used by early stage ventures. But it may even challenge venture firms, at least at the modest level of the $5 million range. Angel investing clubs like Bell Capital, Golden Seeds, and 37 Angels are already popular for start-ups and small businesses, she says.

“I think it’s a very exciting time in the marketplace and this, I think, is going to loosen up some of the capital,” says Koplovitz. For more on her take on how crowdfunding may continue to evolve and change how companies find funding, watch this clip from Big Think’s interview:

Big Think
Sponsored by Lumina Foundation

Upvote/downvote each of the videos below!

As you vote, keep in mind that we are looking for a winner with the most engaging social venture pitch - an idea you would want to invest in.

Keep reading Show less

Why Lil Dicky made this star-studded Earth Day music video

"Earth" features about 30 of the biggest names in entertainment.

Culture & Religion
  • Lil Dicky is a rapper and comedian who released his debut album in 2015.
  • His new music video, "Earth," features artists such as Justin Bieber, Ariana Grande, Ed Sheehan, Kevin Hart, and Leonardo DiCaprio.
  • All proceeds of the music video will go to environmental causes, Dicky said.
Keep reading Show less

After death, you’re aware that you’ve died, say scientists

Some evidence attributes a certain neurological phenomenon to a near death experience.

Credit: Petr Kratochvil.
Surprising Science

Time of death is considered when a person has gone into cardiac arrest. This is the cessation of the electrical impulse that drive the heartbeat. As a result, the heart locks up. The moment the heart stops is considered time of death. But does death overtake our mind immediately afterward or does it slowly creep in?

Keep reading Show less

Behold, the face of a Neolithic dog

He was a very good boy.

Image source: Historic Environment Scotland
Surprising Science
  • A forensic artist in Scotland has made a hyper realistic model of an ancient dog.
  • It was based on the skull of a dog dug up in Orkney, Scotland, which lived and died 4,000 years ago.
  • The model gives us a glimpse of some of the first dogs humans befriended.
Keep reading Show less