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The best source for news and information about crowdfunding for good.

Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Monthly Archives: July 2015

Rare Genomics Institute (RG) Announces Additional Slots for Rare Diseases Patients through Amplify Hope Project

— Additional opportunities available through RG two new sponsors —

Washington D.C., July 23, 2015 – Rare Genomics Institute (RG) today announced the opportunity for three free exome sequencing projects available for Amplify Hope patients if they enroll by July 31, 2015. The program’s expansion is funded by two new sponsors who have provided three exome sequencing gifts. Amplify Hope is a new study aimed at determining how crowdfunding can help people affected by rare diseases.

All qualified patients enrolled by July 31, 2015 will have a chance at the random drawing. One gift will be given by random drawing on August 1, 2015, and two other will be awarded as part of the Crowdfunding Bootcamp, the Amplify Hope training session funded by The Templeton Foundation.

The Amplify Hope program will offer an extension to enrollment until July 31st to allow more families to have an opportunity to participate in the project.

“We are so thankful for our new sponsors who provided this opportunity for patients who can benefit from this cutting edge technology, but cannot afford it on their own,” said Dr. Jimmy Lin, president of Rare Genomics Institute. “Clinical genomic sequencing has become a powerful tool to help patients with rare diseases uncover the hidden cause of their ailment and end their diagnostic odyssey. While this cutting edge technology is starting to be offered clinically and covered by some insurance companies, there are still many patients who lack coverage for these tests and cannot afford it out-of-pocket.”

Amplify Hope provides hope for families facing rare diseases who have been unable to access exome sequencing due to the cost. Through a collaborative partnership with Ambry Genetics and Baylor Miraca Genetics Laboratories and Crowdfunding pioneer partners CrowdRise, Indiegogo Life and YouCaring, participants in the program will have the ability to raise the funds necessary to uncover a diagnosis and find the answers they need. Amplify Hope also offers exome sequencing at a discounted price for those enrolled in the program.

Rare Genomics along with our crowdfunding pioneer partners CrowdRise, Indiegogo Life and YouCaring will train families on every step for successful crowdfunding campaigns providing free training, coaching and guidance, webinars, email templates, best practices for social media, team building and effective use of videos and pictures. These expert resources and tools are for all participants through every stage of Amplify Hope starting at preparation, launching and throughout their campaigns. After completion, sequencing is provided.

For more information about the Amplify Hope Initiative and to apply, please visit http://amplifyhope.raregenomics.org/

About Rare Genomics Institute

Rare Genomics is an international 501(c) 3 non-profit that makes cutting edge research technologies of genome sequencing, physicians and scientists around the world accessible to rare disease patients. Rare Genomics helps families source, design and fund personalized research projects for diseases not otherwise studied helping rare disease patients find hope for a cure. By providing an expert network and an online crowdfunding mechanism Rare Genomics works alongside patients and their families, providing them with the necessary tools, knowledge, and connections so that they can better understand the cause of their disease.

For further information on Rare Genomics, please visit http://www.raregenomics.org.

WhiteHat Magazine Announces Crowdfunding Campaign

Raising Funds to Launch a New Digital Publication Examining Tech for Social Good

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JULY 16, 2015 – Salt Lake City, Utah: Digital media startup WhiteHat Magazine announced that it is raising funds via crowdfunding website Indiegogo to finish development and pay journalists for coverage of technology’s role in global social issues. The company set out to raise $20,000 on Indiegogo to launch an innovative digital and trans-media publication focused on putting humanity back at the center of technology journalism.

“The business of journalism is no longer about top-down models of broadcasting information—it’s about creating a community around shared discussions and concerns,” said WhiteHat Magazine Co-Founder and Editor-in-Chief Chrisella Herzog. “We are excited to launch this crowdfunding campaign, to take a globally connected digital audience and create a community around these topics and around our new publication.”

Chrisella Herzog was recently interviewed about the inspiration behind WhiteHat Magazine, as well as its editorial coverage, in P3 Utah’s P3 People Podcast, available here.

The internet has become a new public space, and technology has created new hierarchies of power. Accordingly, journalism must “cover technology as a human rights and political issue as if it were Parliament. It is just as interesting and about ten thousand times more important,” said Emily Bell, director of the Tow Center for Digital Journalism at Columbia University’s Graduate School of Journalism, in a speech at the University of Oxford. “We have to stop coverage of technology being about queuing for an iPhone and make it about society and power. We need to explain these new systems of power to the world and hold them accountable.”

“Technology is constantly changing, with the result that what a new technology’s original intention might have been and what its implementation becomes is not always the same. Twitter began as a group SMS service, and turned into a product that has changed nations,” said WhiteHat Magazine Co-Founder and Chief Technology Officer Kyle Herzog. “For developers and entrepreneurs alike, it is important to be exposed to new ideas and innovations from across the globe. The process of building and creating new products cannot happen in a vacuum.”

The majority of the funds—and the primary goal of launching this campaign—will be used to pay writers and journalists from around the world; the rest of the funds, after covering the cost of crowdfunding fees and perks, will be dedicated to building a talented technical and design team to create a beautiful and digitally innovative publication.

WhiteHat Magazine will be hosting a party in mid-August to celebrate the crowdfunding campaign. Details soon to follow.

About WhiteHat Magazine

WhiteHat Magazine is a digital news organization dedicated to putting humanity back at the center of technology journalism, featuring stories that examine how science and technology innovations change the way we live our lives. Using platforms from a text-based website and digital magazine to growing platforms including social media streaming, podcasting, and video, WhiteHat Magazine finds unconventional voices and stories in technology and science innovation, women and minorities in STEM, and social entrepreneurship. As part of its commitment to better technology journalism, it eschews traditional technology journalism’s focus on business news, gadget reviews, and clickbait/gossip-type articles.

Based in Salt Lake City, at the heart of the Silicon Slopes, WhiteHat Magazine is the flagship publication of independent mediacompany, Jabir Publications LLC.

Tech Coast Angels Declares Best-Ever Q2; Invests Over $4.5 M in Q2 2015

IRVINE, Calif. – July 21, 2015Tech Coast Angels (TCA) today announced that the group invested a total of $4,546,338 in 17 total deals in Q2 2015, making this past quarter the most active Q2 since the network’s inception in 1997.

“We are well recognized as thought leaders in the angel community and we are thrilled to have such a diverse group of young, innovative companies to support, mentor, and invest in,” said Michael Green, TCA chairman for 2015. “We hope to continue to influence the professional investment environment well beyond our geographic borders through syndications, strong partnerships, and new recruitment of angel members.”

The angel network, now over 315 members strong, also realized five exits in the first half of 2015: CRISI Medical Systems, Mindbody, Olive Medical, Thermark and WiSpry. New deals for 1H 2015 include Beatshare, Cloudbeds, Doctible, everyStory, Korner, NabThat, and Playlist Media, Scent Solutions, and Twigtale.

About TCA: Tech Coast Angels is one of the largest angel investment groups in the US. The group comprises over 300 angels with experience in almost every industry (not just technology) in five networks that encompass Southern California (Los Angeles, Orange County, San Diego, Santa Barbara/Westlake and Inland Empire). TCA is the leader in providing funding, guidance, mentorship and leadership experience to early-stage, high-growth, exciting companies in Southern California. In 2014, TCA invested record numbers (over $16 million in 61 deals), and CB Insights ranked TCA ahead of all other angel groups as the strongest network in the country.

Since 1997, Tech Coast Angels have invested over $169 million in more than 275 companies and have helped attract more than $1.5 billion in additional capital/follow-on rounds, mostly from venture capital firms. These investments were in a wide range of industries including biotech, consumer products, social/mobile, IT, life sciences, media, software, environmental, and tech startups. For more information, please visit www.techcoastangels.com.

Every Dollar Counts

SDSU is launching Strive, an in-house crowdfunding site that will raise funds for projects from all over campus, with no minimum donation.

SAN DIEGO, Calif. (July 21, 2015) — Today San Diego State University is launching SDSU Strive, an in-house crowdfunding website where small donations will make a big impact. Strive will give students, faculty and staff an opportunity to raise necessary funds for their specific projects, programs, initiatives and passions.

Led by the Office of Alumni Engagement, SDSU Strive will provide an opportunity for the SDSU community to promote fundraising initiatives using a customized, internally-hosted crowdfunding platform, keeping more funds at SDSU than traditional crowdfunding options.

“SDSU Strive is a special opportunity for groups of alumni and community members to provide spontaneous, grass roots funding for the ambitious projects of our students, faculty and staff,” said SDSU President Elliot Hirshman. “Strive’s unique crowdfunding mechanism will unite our community in supporting and advancing innovation on our campus.”

SDSU Strive Campaigns will raise funds for initiatives all over campus. At any given time, the site will include up to nine fundraising campaigns. The initial launch includes six campaigns:

Making a difference

“We’ve never done anything like this before,” said Dan Majors, electronic solicitation manager for SDSU’s office of alumni engagement, whose team has been working on the Strive launch for more than a year. “It’s really exciting to give our donors an opportunity to make a difference, even if they have just a few dollars to give.”

Majors said he is expecting SDSU’s alumni community to be the driving force behind the success of SDSU Strive. “We are hoping our alumni will find projects that speak to them and inspire them to donate. Whether it’s a club or organization they used to be involved in; or a student whose story really resonates for them — there will be something to interest and inspire every one of our alumni,” he said.

Projects for SDSU Strive will be chosen by the Strive Committee which is made up of representatives from throughout the campus community. Criteria will be based on funding feasibility, marketing strategies and alignment with the university’s mission and master plan. The application can be downloaded online.

Striving for Success

Majors said the name Strive represents the aspirational nature of those working to get their projects funded as well as alumni donors who are striving to be the best Aztecs they can be by helping the university rise to even greater heights.

There is no minimum to donate to SDSU Strive. Some of the first Strive donors will qualify for promotional giveaways including KGB Sky Show tickets and SDSU merchandise. For more information and to donate, visit www.sdsu.edu/strive.

Creating a Crowdfunding Ecosystem in Chile

Report Released in Conjunction with the Minister of Economy and Multilateral Investment Fund

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Many countries are exploring the role that crowdfunding can play in their strategies to create jobs, expand entrepreneurship and drive innovation. This was why the Chilean Ministry of Economy, Development and Tourism and the Multilateral Investment Fund (MIF), a member of the International Development Bank Group, sought the assistance of Crowdfund Capital Advisors (CCA). We are pleased to release Creating a Crowdfunding Ecosystem in Chile (English or Spanish version), our seventh landmark report on how to develop a crowdfunding strategy for economic development. The report was presented at the Faculty of Business and Economics at the University of Chile on July 13, 2015. The report delivers actionable strategies to drive job creation, innovation and entrepreneurship.

The recommendations leverage CCA’s research methodology that included face-to-face interviews with over 50 startup/SME ecosystem stakeholders, surveys, research and analysis. The research mapped the current ecosystem, identified challenges and gaps in funding and identified opportunities for increasing GDP growth that are tied to job creation, innovation and entrepreneurship. Based on the analysis, detailed recommendations were made for all parts of the ecosystem: startups/SMEs, professional investors, government agencies, regulators, the Chilean crowdfunding industry, accelerators, incubators, universities, and the general public.

While Chile has been a global leader in the promotion of entrepreneurs via Start-Up Chile and its very active, pro-entrepreneurial government agency, Corfo, challenges remain. These include the current gaps in investing in startups and SMEs, the departure from Chile of promising companies in search of follow-on capital (taking with them both intellectual property and jobs), and the challenge that even successful companies may face in securing financing from the banking sector.

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In an opening statement at the event, Koldo Echevarria, the IDB Country Representative in Chile, discussed the importance of entrepreneurship, innovation and job creation as the hallmark of a strong economy. The Minister of Economy, Development and Tourism, Luis Felipe Céspedes, reiterated that thought by saying, “In order for a country to be productive and grow, it must create and fund new ideas.” Crowdfunding has proven, both in Chile and in a number of other countries, that it can accomplish these tasks.

CCA performed a Crowdfund Readiness SurveyTM (CRS) that analyzed cultural, social, technological, and regulatory variables necessary for crowdfunding to succeed. It revealed that Chile has 86% of the variables required for a successful crowdfunding ecosystem – a very positive sign. The report proposes a regulatory framework for crowdfunding in Chile. Specific recommendations include the establishment of securities-based crowdfunding to build regulatory capacity, enhance entrepreneur capacity and to raise investor awareness through education and training.

Like many nations CCA works with, Chile has a culture with low risk tolerance and low trust in business transactions. The report discusses how technology and a structured implementation approach can be used to facilitate trust and transparency and mitigate risk.

CCA met with the nation’s platforms while in Chile to discuss its recommendations and to support a vibrant industry association. The Chilean Crowdfunding Association must play an important role as the market grows. It also includes recommendations for co-investment programs to engage traditional players with the crowd. While these changes cannot happen overnight, we believe that with careful implementation of a structured approach, the ability to trust can be increased, and institutions and individuals can learn methodologies to expand their ability to risk.

“Like many countries, Chilean finance and technology pioneers are already utilizing securities crowdfunding even though its legality has been questioned,” says CCA principal Sherwood Neiss. “These platforms are highly motivated to create a transparent, efficient, and collaborative industry that works with the Chilean government to create balanced regulation and a successful crowdfunding marketplace.” Jason Best, CCA Principal added, “By utilizing The CCA Balanced Stakeholder Framework™, Chile can create regulation that addresses issues that currently inhibit early-stage funding and craft a regulated framework that seeks to provide investor protection, capital for SMEs, and transparency for regulators, in order to foster the proliferation of crowdfunding platforms.”

GoFundMe Profile

This profile is part of our crowdfunding site directory. If you have used the site and have comments you’d like to share with our readers, please share them below. If you are part of the company and see an error that needs correcting, please send us an email.

About GoFundMe:

GoFundMe is the leader in personal crowdfunding.

Kickstarter Profile

This profile is part of our crowdfunding site directory. If you have used the site and have comments you’d like to share with our readers, please share them below. If you are part of the company and see an error that needs correcting, please send us an email.

About Kickstarter:

We’re a home for everything from films, games, and music to art, design, and technology. Kickstarter is full of projects, big and small, that are brought to life through the direct support of people like you. Since our launch in 2009, 9 million people have pledged more than $1.8 billion, funding 88,000 creative projects. Thousands of creative projects are raising funds on Kickstarter right now.

Rockethub Profile

This profile is part of our crowdfunding site directory. If you have used the site and have comments you’d like to share with our readers, please share them below. If you are part of the company and see an error that needs correcting, please send us an email.

About Rockethub:

RocketHub is an international, pioneering, open community that has helped thousands of artists, scientists, entrepreneurs, and social leaders raise millions of dollars. Part of RocketHub’s mission is to educate the public on the power of the crowdfunding model. As a result, the founders have lectured on crowdfunding at SXSW, TEDx, Maker Faire, NXNEi, Harvard, Columbia, etc., and have even testified in the U.S. Congress on the power of online fundraising.  RocketHub is a robust funding platform that makes raising funds quick and simple from anywhere around the world. The platform enables social media based outreach. Project leaders, i.e. Fundraisers, publicize projects through Facebook, Twitter, and similar platforms. When posting a project, users choose a project deadline, target funding-goal, and offer “goods” in exchange for contributions. RocketHub is a “keep what you raise” platform; if the selected funding target is not reached by the deadline, the project leader is still able to keep the collected funds.

Fundly Profile

This profile is part of our crowdfunding site directory. If you have used the site and have comments you’d like to share with our readers, please share them below. If you are part of the company and see an error that needs correcting, please send us an email.

About Fundly:

Fundly is a crowdfunding platform that empowers individuals and organizations to raise money for the causes and communities they care about.

Crowdfunding provides the trust, transparency and ties necessary to make global giving both instantaneously impactful and hyperlocal.

Our mission is to share the unlimited possibilities achievable by anyone with our platform.

Indiegogo Names Christian Busch Senior Vice President of Marketing

Growth Marketing Expert Moves from Consultant to Chief Marketer as Indiegogo Continues to Grow

SAN FRANCISCO, July 16, 2015 – Indiegogo, the world’s largest crowdfunding platform, announced today the appointment of veteran marketing executive Christian Busch as Senior Vice President of Marketing. Busch will oversee the development, direction and implementation of all marketing and communication activities at Indiegogo.

“I am thrilled to have Christian officially join the Indiegogo family as our SVP of Marketing and key member of the executive team,” said Slava Rubin, CEO and Co-Founder of Indiegogo. “Christian’s deep analytical experience will be essential in scaling our marketing and customer acquisition efforts so we can empower even more people to turn their ideas into reality.”

Busch has formally joined the team as Senior Vice President of Marketing, but he’s no stranger to the brand. Since 2012, he has spearheaded Indiegogo’s digital advertising program as an independent consultant. He has witnessed the company’s significant growth over the last 24 months as well as a series of new products and services launched including InDemand, Indiegogo Life and two mobile apps. To capitalize on this incredible momentum, Busch plans to expand Indiegogo’s marketing team and explore new and creative initiatives to increase visibility.

“Indiegogo’s mission to enable anyone anywhere to fund what they care about positions the company for explosive growth in the next couple of years. It’s a marketer’s dream,” said Busch. “I’ve always loved being so closely involved in Indiegogo’s marketing efforts and I couldn’t be more excited to join such an amazing and committed team.”

Busch brings to Indiegogo broad, high-level expertise in a variety of industries including media, publishing and ecommerce. Prior to joining Indiegogo full-time, Christian spent two and a half years as the Principal of CB Consulting, a boutique firm focused on digital growth and international expansions for clients including eBay, The New York Times, IAC and Refinery29. Busch previously spent four years at Alloy Digital as the General Manager and Senior Vice President of Corporate Development. He has also served in executive roles at Takkle, Cellfish Media and Bookspan. Busch currently sits on the boards of Above Average and Pruftechnik AG, and is an active investor is several early stage startups.

Indiegogo is currently expanding the marketing team and interested applicants can visit the careers page at http://www.indiegogo.com/careers to learn more and apply.

About Indiegogo

Indiegogo empowers people around the world to fund what matters to them. As the largest global crowdfunding platform, campaigns have launched from almost every country around the world with millions of dollars being distributed every week due to contributions made by the Indiegogo community. Indiegogo is an open platform dedicated to democratizing the way people raise funds for any project – creative, entrepreneurial or cause-related. The company was launched in 2008 and is headquartered in San Francisco, with offices in Los Angeles and New York. For more information, visit www.indiegogo.com and follow us at www.twitter.com/indiegogo and www.facebook.com/indiegogo.

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