Introduction to Crowdfunding
David Röthler (AT)
Financing community media activities has always been a challenge. But with the rise of the Internet and Social Media new options are explored. Crowdfunding closely related to crowdsourcing describes the co-operation, attention and trust by people who network and pool their money together in order to support efforts initiated by other people or organisations. The term Crowdfunding is usually applied to raising money for planned future projects whereas the term Social Payment refers to small remunerations for content already produced. Crowdfunding & Social Payment are an innovative and still experimental approach to finance (online) content and projects utilising Web 2.0 paradigms. Among well-known platforms are Kickstarter.com, Kachingle.com and Flattr.com. This Civilmedia stream is looking forward to contributions like:
