Project initiator, also known as creator or founder, is a term for anyone that utilizes crowdfunding practices to funding their concepts, ideas, project or venture (Wechsler, 2013). This project initiator can be individual, organization, small medium business (SME), students, event organizers, entrepreneurs, musicians, filmmakers, designers, inventor, non-profit organization, politician, artists, writers, philanthropists and the crowdfunding platforms themselves. It could be anyone with an idea or concept and need funding to realize their project.
Nowadays, an essential factor of crowdfunding practices consists around creative projects. It is way crowdfunding practice’s origin start form the indie music (Hemer, 2011). This trend is indicated that reward-structured based crowdfunding platforms are suitable for creative projects and continue growing in popularity and population of crowdfunding project (Crowdfunding Industry Report, 2012). Belleflamme et al. (2011) explains the essential part of art, music and film and states that crowdfunding practices are mainly utilized in the entertainment industry.
However, Markowitz (2012) describes that it is essential to aware that crowdfunding practices currently being adopted by other industries as well, such as science related (Microryza), application development (Appbakcr and Appsfunder), non-profit project (Razoo) sports project (sporty funder) and Journalism project (Emphasis). Some project that success getting multimillion-dollar funding from crowdfunder such as Ouya (Android-based console), explains those crowdfunding projects fields become more diverse and enable to invent high-tech ventures.
In project initiator perspective, it is important to identify factors that attract suppor...
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...nning about starting project through crowdfunding.
Leonhardt 2012 Success in crowdfunding will have direct impact on the profile of the project initiator and boost their reputation
Tilbury and Ryan 2012 Whether the crowdfunding project success or fail, it gives a realistic inexpensive learning experience about entrepreneurship for project initiator.
Fox 2012 Anybody can gain experience on how to create plan and execute a new business or idea from crowdfunding.
Isenberg 2012 Main disadvantage of crowdfunding for project initiator that it might not work and others or competitor can copy the idea or concept.
Ley and Weaven 2011 Although the project successful, the project initiator still to need to protect from idea theft and apply IP protection.
Rubin 2012 The threat of commercial research and development of other company will become more serious due to crowdfunding.
The world is filled with many ambitious people looking to make a product to help the world and make a living for themselves and their families. These people are known as entrepreneurs. An entrepreneur is someone who organizes and operates a business or businesses while running the risk of losing everything to make money. One might ask why there is a risk ...
My second article is, Technology Tutor:” Bring your idea to life through crowdfunding.” by Rob Reinhardt. Crowdfunding is the process of raising money for a project from a large number of people usually through the internet. In some instances crowdfunding is a form of presale, giving people the opportunity to order the product before it actually exists. The person or company with the idea can pay for the manufacture of the product with the funds being raised while also making a profit, thus raising capital for continued production. There are currently more than 500 crowdfunding websites in existence. I learned that in order to have a successful campaign you need a large number of people,
“Protecting your intellectual property is crucial to your business.” (Hinson, 2014) When business have intellectual property that is going to be popular or helpful in advancing there business, they have to take measures to ensure that the ideas or prototypes are protected from other that may steal the intellectual property. In the United States, many laws or safeguard steps have to be followed in order to preserve the intellectual property. A business owner has the right to protect the intellectual property, because the failure to do so could result in demise of the business itself.
Following are key points and tools to use for the launching campaign. 1. Selecting Platform There are many of crowdfunding sites to choose the platform. Discover the key differences, strengths, and drawbacks of each platform and pick the right one for your project. For example, we are using Kickstarter as a site for crowdfunding, which is one of the most popular site for crowdfunding.
He also expressed a need for start-up funds. The presentation was well-received.
This new concept does not compete with the previous concepts listed because Impact Investing is one step further. Impact Investing aims to do more than doing no harm, it wants to use investment as a positive tool to support companies that have the potential to solve social challenges, but that also produce financial returns. In this spectrum line of concepts, Impact Investing sits in middle, while SRI is on one side and Venture Philanthropy is on the other. It was not only the term impact investing that was coined in 2007. It was also the creation of global network of individuals and institutions that shared the same idea of growth, known as Global Impact Investing Network. (Rodin & Brandenburg,
Intellectual property protection has become increasingly popular in the last century. Many factors have probed interest in this area of the law. A few of those factors include musicians seeking protection of their musical talents through use of copyrights, companies seek to protect inventions of advanced production capabilities, companies create trademarks that differentiate their unique goods from competitors, and companies like Coca-Cola protect their undisclosed ingredients for their products through use of trade secrets. These examples are to gain an understanding of how and why intellectual property rights help companies seek advantages in the marketplace. Furthermore, as the world shrinks because of advancements in transportation and computer technology, intellectual property rights become a large part of entrepreneurship and product development. This paper will discuss the interesting and challenging topic of intellectual property protection. The four basic types of intellectual property include copyrights, patents, trademarks and trade secrets; we will discuss the intellectual properties in the order in which they are listed.
The case study is about an interview, conducted to four venture capitalists from four of the most prominent VC Silicon Valley firms, Kleiner Perkins Caufield & Byers (KPCB), Menlo Ventures, Trinity Ventures and Alta Partners. These firms invest both in seed as well as in later-stage companies, which operate mostly in the information technology sector. However, each VC has developed different sector portfolio depending on the expertise of the venture capitalists, the partner network and other factors. Professor Mike Roberts and Lauren Barley a senior research associate, both from Harvard Business School, have made a series of seven questions to their interviewees to understand how they evaluate potential venture opportunities and what they look at in order to decide if they will fund them and in which way. The questions were dealing with how VC’s evaluate potential venture opportunities, how they conduct due diligence, what process id followed for the decision making, what financial analyses is performed, the role of risk in the evaluation and how they think of potential exit routes. These questions were asked individually and revealed several similarities as well as differences in the strategy and the criteria that are used for the evaluation.
There are many reason that why is it important to protect one’s intellectual property. Some of the reason are Creator being accused as a theft, Loss of Reputation, Loss of income, Loss of Asset and Loss of Authority Rights.
“The power of money is the power to give”. Beyond the certain level of money has an opportunity to make a difference to society. More the money more to share. It has to be done over the years, but in majority they given to public causes. If they don’t have the money they starts their but not to destination.
As industry liaison at the School of EEE at NTU, I facilitate industry partnerships and promote entrepreneurship within the school. In the coming months, we will be launching an entrepreneurship ...
The success of a business is greatly dependent on its entrepreneur. An entrepreneur is someone who takes the financial risk of starting and managing a new business venture. In order to be a successful entrepreneur, one must be ready to take a risk and invest one’s own savings into a business. The job requires that the individual be ambitious and committed to working hard in order to achieve the set targets. A successful entrepreneur is able to multi-task and communicates effectively with people, possessing leadership qualities such as confidence and motivation. The individual must play the role of constant motivator and inspire employees to improve their work performance, whilst ensuring a comfortable environment for the employees to work in. According to Schumpeter (1982), an entrepreneur is more of a ‘heroic’ than an ‘economic’ figure; his motivation should not solely be monetary, rather stemming more from inspiration and ambition.
We learned a lot of things in this course, but I think the most important lesson I learned is that it’s not easy to be an entrepreneur. I was surprised to hear in the first class that 80% of startups fail, but after reading The Art of Start and E-myth Revisited I understood why this happens more often than one might expects. Some people start their own businesses for the wrong reason and some start with wrong mindset. I’ve always thought that if someone has a brilliant business idea and hardworking they will succeed and grow their business. However, now I know that there are many things to consider before starting any business. In fact, there are many strategies that an entrepreneur could follow to achieve success, such as know your customers, work “on” the business, and how
The roles of project sponsor and project manager are both vital to the success of a project. Assuming these roles within a major corporation is a huge task and can takes the use of certain strategies to complete projects successfully. During most projects it is custom for the project manager to work closely with the project sponsor from start to finish. When each individual understands what their role in the project is, and the other’s role, they can then easily work together to ensure a smooth completion is successful. This paper will cover three strategies that a sponsor can use to help ensure project success, and also three strategies that a project manager can use to help ensure project success. I will describe how the strategies are used
Studying Banking and Finance at University of St.Gallen will help me further increase my proficiency in corporate finance and financial markets. The in-depth research of specific topics, as well as a comprehensive curriculum, is a possibility for me to focus on my topic of interest – the mechanisms and institutions involved in providing venture capital and identifying angel investors as means to encourage innovation.... ... middle of paper ... ...