I have just come back from the AN workshop on Crowdfunding. It was a very interesting day. I heard about this type of funding last year when I was trying to get the funding together for GYO*BYO but at the time that i needed it individuals couldn’t apply so I didn’t look into it any further. The whole crowdfunding scene has moved very quickly in this time and there are now lots of organisations offering this type of opportunity.
Above all it seems that the whole idea behind Crowdfunding isn’t that it is just about the money. It is much more than this and has a very holistic ‘benefits all’ ethos. It seems ideal for some of my Mulptiple Participat Projects waiting in the wings.
I really like the idea that everybody benefits and also that it seems to work on merit – my only slight worry is that I don’t have a large enough address book to help me along the way. It seems that you do in at least the first place need to be good at drawing on your network to get the ball rolling. Having just been calling all these people up in aid of my RNIB marathon run I am a bit loathe to be asking again.
The key to it all seems to be to demonstrate how it is not the same as asking for donations – it really is a two way transaction and having read some of the current projects looking for funding I am looking forward to thinking up some inventive ‘rewards’ to entice prospective investors.
Not sure that my trademark ‘sock works’ should neccessarily be prominant in this process. Freshly washed holes anyone?
