Crowdfunding Taxonomy

[Suresh Fernando]

Hey Everyone,

As you might have guessed, there are literally hundreds of crowdfunding platforms out there. I have spent some time looking at a number of platforms with a view to both understanding what is out there as well as to begin the process of reflecting on what the next generation of crowdfunding models might look like.

In keeping with the principles of crowdsourcing, rather than simply distributing a large document, it might make more sense to treat the entire exercise of examining the crowdsourcing/crowdfunding space using crowdsourcing principles.

To get things started, I have attached a table with a number of different sites/platforms that I have looked at, and have defined a few comparison points. I have also identified what I believe to be unique and interesting models that I will talk more about in subsequent emails to the group.

For now I present the data as is and invite you to engage by commenting, asking questions etc...

Organization	URL	For Profit Projects	Creative Projects	Social Change Projects	Allow Future Revenue or profit Sharing	All or Nothing Funding Model	Take What You Get Funding Model	Tipping Point Funding Model
33needs	http://33needs.com/	Yes	Yes	Yes	Yes	Yes	No	No
ArtistsShare	http://www.artistshare.com/home/default.aspx	Yes	Yes	No	No	No	Yes	No
Bzzbnk	https://prod.buzzbnk.org/	No	Yes	Yes	No	Yes	No	No
Citizen Effect	http://www.citizeneffect.org	No	No	Yes	No	No	No	No
Cofolio	http://mycofolio.com	Yes	Yes	Yes	Yes	Negotiated	Negotiated	No
CrowdCube	http://www.crowdcube.com	Yes	No	No	No	Yes	No	No
CrowdFunder	http://www.crowdfunder.co.uk/	Yes	Yes	Yes	No	Yes	No	No
FeeTheMuse	http://www.feedthemuse.net	Yes	Yes	Yes	No	No	Yes	No
Give.FM	http://give.fm/	No	No	Yes	No	No	No	No
IndieGogo	http://www.indiegogo.com/	Yes	Yes	Yes	Yes	No	Yes	No
Interactor	http://filminteractor.com	Yes	Yes	Yes	No	Yes	No	No
JCrowd	http://www.jcrowd.com/	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Kapipal	http://www.kapipal.com	Yes	Yes	Yes	No	No	Yes	No
Kickstarter	http://www.kickstarter.com/	Yes	Yes	Yes	No	Yes	No	No
Microfundo	http://www.microfundo.com	Yes	Yes	Yes	Yes	N/A	N/A	N/A
MyMajorCompany	http://www.mymajorcompany.co.uk	Yes	Yes	No	Yes	Yes	No	No
PledgeMusic	http://www.pledgemusic.com	Yes	Yes	No	No	Yes	No	No
PeerBackers	http://peerbackers.com	Yes	Yes	Yes	No	Yes	No	No
Pozible	http://www.pozible.com	Yes	Yes	Yes	No	Yes	No	No
ProFounder	https://www.profounder.com	Yes	Yes	Yes	Yes	Yes	No	No
RocketHub	http://rockethub.com	Yes	Yes	Yes	No	Yes	No	No
SeedUps	http://www.seedups.com	Yes	Yes	No	Yes	?	?	No
Sellaband	https://www.sellaband.com/	Yes	Yes	No	No	Yes	No	No
SonicAngel	http://www.sonicangel.com	Yes	Yes	No	No	No	Yes	No
Sponsume	http://www.sponsume.com	Yes	Yes	No	No	Yes	No	No
StartSomeGood	http://www.startsomegood.com	Yes	Yes	Yes	No	No	No	Yes
StartUpAddict	http://www.startupaddict.com/	Yes	Yes	Yes	No	Yes	No	No
Supporterwall	http://www.supporterwall.com	Yes	Yes	Yes	No	No	Yes	No
Symbid	http://www.symbid.com	Yes	Yes	Yes	Yes	Yes	No	No
VenCorps	http://www.vencorps.com/Page/Home	Yes	Yes	Yes	Yes	Yes	No	No
Verkami	http://www.verkami.com	Yes	Yes	Yes	Yes	Yes	No	No
WacaWaca	http://www.wacawaca.com.br	Brazilian
Wegetthere	http://wegetthere.com	N/A	N/A	N/A	N/A	N/A	N/A	N/A

 

 

 

 

 

Organization	URL	Specific Vertical Focus	Online Community and/or collaboration[1]	Support Recurring Funding	Support Pooling of investor funds[2]	Support Pooling of Investee Projects	Develop Funder – Fundee Partnership	Support Micropayments
33needs	http://33needs.com/	No	No	No	Yes	No	No	No
ArtistsShare[3]	http://www.artistshare.com/home/default.aspx	Music	Yes	No	No	No	No	No
Bzzbnk	https://prod.buzzbnk.org/	No	No	No	No	No	No	No
Citizen Effect	http://www.citizeneffect.org	No	No	Yes	Yes	No	Yes	Yes
Cofolio	http://mycofolio.com	No	No	No	No	No	Yes	No
CrowdCube	http://www.crowdcube.com	No	No	No	No	No	No	No
CrowdFunder	http://www.crowdfunder.co.uk/	No	No	No	No	No	No	No
FeedTheMuse	http://www.feedthemuse.net	Music	No	No	No	No	No	No
Give.FM	http://give.fm/	No	No	Yes	No	No	No	No
IndieGogo	http://www.indiegogo.com/	No	No	No	No	No	No	No
Interactor	http://filminteractor.com	Films	No	No	Yes	No	No	No
JCrowd	http://www.jcrowd.com/	Jewish Com.	N/A	N/A	N/A	N/A	N/A	N/A
Kapipal	http://www.kapipal.com	No	No	No	No	No	No	No
Kickstarter	http://www.kickstarter.com/	Creative	No	No	No	No	No	No
Microfundo	http://www.microfundo.com	Music	N/A	N/A	N/A	N/A	N/A	N/A
MyMajorCompany	http://www.mymajorcompany.co.uk	Music	No	No	No	No	No	No
PeerBackers	http://peerbackers.com	No	No	No	No	No	No	No
PledgeMusic	http://www.pledgemusic.com	Music	Yes	No	No	No	Yes	No
Pozible	http://www.pozible.com	No	No	No	No	No	No	No
ProFounder	https://www.profounder.com	No	No	No	No	No	No	No
RocketHub	http://rockethub.com	No	No	No	No	No	No	No
SeedUps[4]	http://www.seedups.com	No	No	No	No	No	No	No
Sellaband	https://www.sellaband.com/	Music	Yes	No	No	No	No	No
SonicAngel	http://www.sonicangel.com	Music	Yes	No	No	No	Yes	No
Sponsume	http://www.sponsume.com	No	No	No	No	No	No	No
StartSomeGood	http://www.startsomegood.com	Social Good	No	No	No	No	Yes	NO
StartUpAddict	http://www.startupaddict.com/	No	No	No	No	No	No	No
SupporterWall[5]	http://www.supporterwall.com	No	No	Yes	No	No	Yes	No
Symbid[6]	http://www.symbid.com	No	No	No	Yes	No	Yes	No
Vencorps[7]	http://www.vencorps.com/Page/Home	No	No	No	Yes	No	Yes	No
Verkami	http://www.verkami.com	Creative	No	No	No	No	No	No
WacaWaca	http://www.wacawaca.com.br	Brazilian
Wegetthere	http://wegetthere.com	Travel	N/A	N/A	N/A	N/A	N/A	N/A

 

 

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[1] Describes whether or not there is any capability for interaction, on the platform, between projects, funders, volunteers etc.

[2] See section on Ecosystem Pooled Fund

[3] This model is somewhat unique and is hard to fit into the defined categories... It is an innovative model, however, and needs to be included in our analysis

[4] Interesting seed stage funding model that matches investments with qualified angel investors

[5] Innovative crowdfunding platform that leverages the principle of visibility

[6] This is an innovative early stage funding model that crowdsources equity financings... also uses cooperatives as the legal structure

[7] This is an innovative early stage funding model that leverages the principle of collective intelligence to reduce funding risk

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Suresh Fernando
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[Suresh Fernando]

Note that this message is clipped, so please read the entire message as only part of the table is presented otherwise...

[Patrick Anderson]

Suresh Fernando wrote:

have defined a few comparison points.

Do you happen to have a 'key' that explains each of these comparison points?

I am working on a model of my own, and would like to see how it fits in,

but am unsure of the meaning for "Take what you get Funding", for example...

Thanks,

Patrick Anderson

Economic Systems Debugger

http://ImputedProduction.Blog.com

[Suresh Fernando]

Hey Patrick - I do have a key in my head ;-) If you are working on something related, we should join forces somehow... I will write up the key as soon as is manageable...

'Take What You Get' refers, to those crowdfunding platforms that allow you to take as much money as is pledged by the end of campaign. In contrast, the vast majority are 'all or nothing' platforms which require that the full amount that you try to raise be pledged before any funds are made available. The idea is that the funder has enough money to get the project going. This obviously safeguards the investors.

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[Suresh Fernando]

Hey Folks - thanks for the quick turnaround!... will set up in a spreadsheet and also do describe the variables in the taxonomy explaining why I've set it up as such...

On Thu, Jul 14, 2011 at 2:40 PM, Devin Balkind <de...@sarapisfoundation.org> wrote:

Don't forget BEEx.org, the free/libre/opensource crowd funding platform I created a few years ago.

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Devin Balkind
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de...@sarapisfoundation.org
@devinbalkind

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