This website uses cookies to ensure you have the best experience. Learn more

What´S Internet Crowdfunding Essay

1187 words - 5 pages

Individual case assignment
We discuss about Crowdfunding, internet crowdfunding, process to get funding on internet, models of crowd funding, project that succeed greatly, advantages and disadvantages.
Crowd funding, Crowd sourcing, Peer to Peer funding and so on have many names but only one definition that is rising expenditure for a project which may be creating or producing a movie, song, new invention, product or an idea from many people in small investments. These altogether will make a necessary help for a project to succeed. Crowd funding is not all about the money it may be a help in developing or in success of a project for example open source software and operating systems are open to large group of people especially for the developers to edit or modify or even add new features to software by removing bugs and errors is also considered as crowd funding and in this case as consider as crowd involvement.
Crowd funding is very important for normal people who want to achieve something and to be accepted both physical and mentally by people but have no income for the startup. Due to crowd funding benefits are not only restricted to whom it is receiving but also for those who are sponsoring. The benefits for the sponsors will be non-profitable benefits for what they have invested like receiving credits, rewards and gifts like first copies of the product, dinner and meeting with the developers or team of the project which are consider as priceless for people like fans or who are motivated.
Traditionally funding rose from a group of people or organization who considered as one as single entity group usually called as sponsor credited and rewarded. Now due to technology development and social media the idea and concept was distributed and reached to millions and billions of the people around the world who are different and diverse, funding the idea for its implementation. In this race, the websites are best platform to present and expose ones ideas for startup funding.
In internet crowd funding, first the seekers will post their ideas on the websites like Kickstarter, indiegogo, crowdfunder, rockethub and quirky by giving the details about the idea and his or her motivation for the idea and make a sample video and may even present a prototype with expected funds and time for implementing the idea. Then the funders called as backers in Kickstarter will promise or pledge money for idea and that money distributed to the seekers when the targeted money reaches with in the time. This money used to complete the task and make that idea to real by the seekers and rewards and gifts sent to the funders.
According to Wroldsen (2013), “Crowd funding on the internet is dived into five models they are the donation model, the reward model, the peer-to-peer leading model, pre-purchase model and equity model” (Wroldsen, 2013). The funding made in the form of donation with no intention of the profits or other benefits from the receivers is donation model...

Find Another Essay On What´s Internet Crowdfunding

Marketing Thinking Essay

9495 words - 38 pages the benefits come? Explain how you, as the marketer, could increase their benefits through your participatory role(s). What forms of participation could you contribute to the process? Be explicit.For this challenge I am going to concentrate on Kickstarter, a crowdfunding service. This online platform allows Kickstarter to match artists, businesses, entrepreneurs, and other original projects up with a social network of funders. Projects can be

The Most Significant Event In Modern Western Civilization

368 words - 2 pages help of the internet.The Media's impact on the west has increase dramatically due to the spread of the internet. People are more aware of what is going on in there society with instantaneous news at there fingertips. The media is able to influence a vast majority of the western world. Keeping the western world in turned to it's surround causing brighter individuals.The spread of the internet 1900's has had a positive impact on the modern western civilization.

Internet Control

2401 words - 10 pages for greater freedom“ (Internet regulation needs speculation, 2004, para. 1). Starting controlling and regulating the internet will limit people’s freedom. First of all, it will limit people’s freedom of speech, when people will not have opportunity to express themselves. Second, controlling and regulating the internet by deciding what will and what will not be placed on the internet will limit people’s freedom to access

Research proposal on predictors of Internet addiction among Shanghai undergraduates

2009 words - 8 pages Table 2.1.Table 2.1: Research question and objectives Research question What are the predictors of Internet addiction among Shanghai undergraduates? Research objectives Objective (1): To identify the level of Internet addiction of Shanghai undergraduates. Objective (2): To find out types of Internet addiction among Shanghai undergraduates. Objective (3): To examine the demographic characteristics of Shanghai undergraduates who are

Are the Dangers of Internet Child Pornography Exaggerated?

734 words - 3 pages , which states that “Yes” The Dangers of Internet Child Pornography is in fact exaggerated. What I noticed is the book that Wilkins wrote “Protecting Our Children from Internet Smut: Moral Duty or Moral Panic?” First thing is the book was written in October of 1997. This I believe is extremely important to the argument. So much has changed in the last 10 years in the internet. I would only imagine back in 1997 the internet and

Internet Overuse: Inappropriate Social Media Interaction

1500 words - 6 pages The Internet is an exceptional place. Anyone can be a part of the wonders of the cyber world. By simply logging onto a network-connected computer, one can express his/her own cyber voice. From Facebook to memes to Hulu, the net has endless opportunities for entertainment, social interaction and information. But what effect does the Internet have on today’s children? A child growing up is a natural, beautiful part of life. Many aspects of the

The Internet's Affect on Socialization

1376 words - 6 pages shopping, other people, information and other places. The Internet allows us to increase our communication through channels with others around the globe, share what they offer, and displace if further throughout the network. In addition to these advantages the Internet offers us, there are many disadvantages. The Internet has bred a new generation of crime, and unconfined malicious information. When a user logs on, s/he has the choice as to

Choose one medium of those that we have studied/will study or another medium. To what extent do Poe’s 7 rules apply to the medium? Make sure that you

2640 words - 11 pages (2011). It can be seen from above step-by-step discoveries from 1960 onwards, tinkerers were continuing efforts of others and improving them time by time to its current state. For example, The overall Internet had hundreds of tinkerer who helped developed the standards as well as technologies that make it what it is today (“who invented,” n.d.). During the period between the late 1960’s and early 1970’s, efforts to construct domestic computer

Internet Addiction part 3

1307 words - 6 pages . And finally best treatments were discussed under the topic of clinical best practices (Young, 2014). Along with the information shared at the International Congress for IAD information was shared at the International Eduacation and Technical Conference in 2011. Parents were of the belief that internet access was the key to their children’s success. Information shared at the conference were the hazards of the internet, exactly what the risk for

Routers and the Internet

922 words - 4 pages is a real life saver for everyone that depends on it so greatly. Before explaining how the internet works and how routing ties into all of it, perhaps going into a little detail of what the internet is and other core details would be better suited. What is the Internet? The internet is a global web of interconnected networks that use a standard internet protocol suite or TCP/IP which allow users to access information such as government

online mktg

705 words - 3 pages Untitled The Internet has opened the gates for business ventures to quickly achieve results that were once thought impossible. As the Internet continues to expand its reach, online business marketing and advertising have begun to take a bigger slice of the overall marketing pie. A majority of the population is surfing and searching the internet, and a business that is able to reach these people when they are ready to buy what they

Similar Essays

What´S The Internet? Essay

2575 words - 11 pages disadvantages. What is internet? The internet is a huge network which connects devices globally and allows them to share information. It is now a tool used either for business, research, socializing etc. and also growing rapidly giving people easier access. It is now available in every device and it is mainly used for communication. Roles and impact of the internet Internet in education The internet makes it easier to access education resources

Starting A New Business: Crowfunding Essay

855 words - 4 pages To start any new business of their own, people back step for one main reason “funds”. In spite of having a very clear picture on what business to start, people being naive have their concerns towards how to start. One such solution for this problem is “Crowdfunding”. This method helps in raising the funds for the new businesses being started by gathering small amount of funds from large group of people over the internet (Turban, Volonino & Wood

Kickstarter: An Active Yet Risky Forum For Venture Capitalism Success

1941 words - 8 pages /6228 Jupp, E. (2013, November 7). Failure to launch?: Crowdfunding sites are the smart new way to raise finance for all kinds of projects. But working out what will succeed is much harder that it looks. The Independent. Retrieved from Satorius, D. M., & Pollard, S. (2010). Crowd funding. The

Crowd Funding For A High Risk Fast Growth Business

2561 words - 11 pages ' funds business on the ground that the business idea is viable and profitable. They also advise the enterprise management on the market demands and risk paths. Their major policy was to fund high-risk fast-growth companies with financial capital to run them. Introduction of crowd-funding in an environment controlled by venture capital would create a new twist in the entire business field. However, this study is done to evaluate on to what extent