The Best Way to Crowdfund Your Idea? Get Personal.

To solicit financial support from the public, something the government has made easier recently, it helps to create funding tiers that allow you to connect personally with your audience. 

 

What's the Latest Development?


Now that the government has made it easier to crowdfound your projects, loosening the requirements for accepting cash in exchange for equity, how should you go about soliciting the public's financial support for your project? Musician Erin McKeown has put her own spin on creating funding tiers, i.e. different levels of support where those who pledge more money receive something more substantial in return. On the lower end of the spectrum is a one-hour fantasy baseball consultation where McKeown will work to improve your team. For a larger pledge of financial support, she will accompany you to a baseball game or a museum. 

What's the Big Idea?

When it comes to fundraising from the public, using your personality to attract support may be as important as explaining your idea. So whether you are an artist or an engineer, pitching something you like doing is a smart and fun way to enlist support while getting to know your audience. Some might say that reaching out like this is a gimmick which devalues the project you are proposing. But ultimately it will depend on your own personality and how comfortable you are with sharing yourself in exchange for promoting your idea. If you are an interesting person, people will be more wiling to support your interesting idea. 

Photo credit: Shutterstock.com

Read it at Tech Dirt

​There are two kinds of failure – but only one is honorable

Malcolm Gladwell teaches "Get over yourself and get to work" for Big Think Edge.

Big Think Edge
  • Learn to recognize failure and know the big difference between panicking and choking.
  • At Big Think Edge, Malcolm Gladwell teaches how to check your inner critic and get clear on what failure is.
  • Subscribe to Big Think Edge before we launch on March 30 to get 20% off monthly and annual memberships.
Keep reading Show less

Is this why time speeds up as we age?

We take fewer mental pictures per second.

(MPH Photos/giphy/yShutterstock/Big Think)
Mind & Brain
  • Recent memories run in our brains like sped-up old movies.
  • In childhood, we capture images in our memory much more quickly.
  • The complexities of grownup neural pathways are no match for the direct routes of young brains.
Keep reading Show less

Trauma in childhood leads to empathy in adulthood

It's not just a case of "what doesn't kill you makes you stronger."

Mind & Brain

  • A new study suggests children who endure trauma grow up to be adults with more empathy than others.
  • The effect is not universal, however. Only one kind of empathy was greatly effected.
  • The study may lead to further investigations into how people cope with trauma and lead to new ways to help victims bounce back.
Keep reading Show less

Why are so many objects in space shaped like discs?

It's one of the most consistent patterns in the unviverse. What causes it?

Videos
  • Spinning discs are everywhere – just look at our solar system, the rings of Saturn, and all the spiral galaxies in the universe.
  • Spinning discs are the result of two things: The force of gravity and a phenomenon in physics called the conservation of angular momentum.
  • Gravity brings matter together; the closer the matter gets, the more it accelerates – much like an ice skater who spins faster and faster the closer their arms get to their body. Then, this spinning cloud collapses due to up and down and diagonal collisions that cancel each other out until the only motion they have in common is the spin – and voila: A flat disc.