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:
Science and the squishiness of the human mind. The joys of wearing whatever the hell you want, and so much more.
- Why can't we have a human-sized cat tree?
- What would happen if you got a spoonful of a neutron star?
- Why do we insist on dividing our wonderfully complex selves into boring little boxes
Progressive America would be half as big, but twice as populated as its conservative twin.
- America's two political tribes have consolidated into 'red' and 'blue' nations, with seemingly irreconcilable differences.
- Perhaps the best way to stop the infighting is to go for a divorce and give the two nations a country each
- Based on the UN's partition plan for Israel/Palestine, this proposal provides territorial contiguity and sea access to both 'red' and 'blue' America
A guide to making difficult conversations possible—and peaceful—in an increasingly polarized nation.
- How can we reach out to people on the other side of the divide? Get to know the other person as a human being before you get to know them as a set of tribal political beliefs, says Sarah Ruger. Don't launch straight into the difficult topics—connect on a more basic level first.
- To bond, use icebreakers backed by neuroscience and psychology: Share a meal, watch some comedy, see awe-inspiring art, go on a tough hike together—sharing tribulation helps break down some of the mental barriers we have between us. Then, get down to talking, putting your humanity before your ideology.
- The Charles Koch Foundation is committed to understanding what drives intolerance and the best ways to cure it. The foundation supports interdisciplinary research to overcome intolerance, new models for peaceful interactions, and experiments that can heal fractured communities. For more information, visit charleskochfoundation.org/courageous-collaborations.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.