Crowdfunding Diversity

At any given point, 1000s of campaigns are pursued across 100s of crowdfunding platforms. From micro-financing, donation-reward crowdfunding to equity-based ones, a range of projects & from across locations are communicated via social media. Here’s a look at the diverse range of tweets in 1 hour-

From the above select tweets on crowdfunding spanning just one hour, one is intrigued by diverse range of projects. From causes such as therapy grants for autistic children and students relying on crowdfunding to fund their studies to bringing transparency in lotteries and a local say in real-estate development – crowdfunding is leveraged for a diverse set of initiatives.

Then there are differences in funding amounts, from relatively small goals with family and friends contributing to massive funding projects like the space sim game that has attracted $31 million and counting from over 300 funders. Along with conventional projects there are also unique campaigns, one like the interactive augmented reality app, after the developer, inspired by Nikola Tesla, was keen to bring the famous scientist back to life through this project.

The one hour of tweet shares in crowdfunding have also seen campaigns based on real-life incidents – be it the recent Typhoon Haiyan in Philippines (a project here to crowdfund researchers to study the incident and work on better disaster management for the future) to anti-nuclear film based on Fukushima nuclear aftermath. While still on Asia, which is arguably among the most diverse of regions – there are analysis on why crowdfunding is slow in picking up across SE Asia and China, and on another on why it makes real sense for the Middle-East – a culture which prefers equity over debt funding.

In this short duration, Twitter has also seen crowdfunding communication in multiple languages, including in Spanish, French, Italian, Japanese and Romanian. On the midnight of December 01-02nd skimming through my Twitter feed in India, little did I expect such variance in crowdfunding tweets and in such a short span of time. This seems to be an indicator of the global phenomenon of crowdfunding, and how one can expect an assortment of many more stories via the crowdfunding route.