Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance . In 2015, over US$ 34 billion was raised worldwide by crowdfunding.
102-464: Candace Amber Owens Farmer ( née Owens ; born 1989) is an American political commentator and pundit. She is mostly described as conservative or far-right . Owens has gained recognition for her conservative activism—despite being initially critical of President Donald Trump and the Republican Party —as well as her criticism of Black Lives Matter . Owens served as communications director for
204-473: A far-right commentator. She was influenced by the works of Ann Coulter , Milo Yiannopoulos , Ben Carson , and Thomas Sowell . Owens is known for her criticism of the Black Lives Matter movement, and has described Black Lives Matter protesters as "a bunch of whiny toddlers, pretending to be oppressed for attention". Owens has argued that African Americans have a victim mentality , often referring to
306-577: A man's surname at birth that has subsequently been replaced or changed. The diacritic mark (the acute accent ) over the e is considered significant to its spelling, and ultimately its meaning, but is sometimes omitted. According to Oxford University 's Dictionary of Modern English Usage , the terms are typically placed after the current surname (e.g., " Margaret Thatcher , née Roberts" or " Bill Clinton , né Blythe"). Since they are terms adopted into English (from French), they do not have to be italicized , but they often are. In Polish tradition ,
408-465: A "horrible human being", citing his criminal record, and called racial biases among police a "fake narrative." On April 20, 2021, Owens claimed that the trial of Derek Chauvin , the former police officer who was convicted of murdering Floyd was "mob justice". She added: "This was not a fair trial. No person can say this was a fair trial." Owens is critical of feminism and embraces the " trad wife " phenomenon of traditional gender roles. She has described
510-556: A blog on a variety of topics written by Owens and other commentators. In a 2015 column that Owens wrote for the site, she criticized conservative Republicans, writing about the "bat-shit-crazy antics of the Republican Tea Party "; she also added that "The good news is, they will eventually die off (peacefully in their sleep, we hope), and then we can get right on with the OBVIOUS social change that needs to happen, IMMEDIATELY." In 2016,
612-453: A common cause to help fund services and programs to combat a variety of issues including healthcare and community development. The major aspect of donor-based crowdfunding is that there is no reward for donating; rather, it is based on the donor's altruistic reasoning. Ethical concerns have been raised to the increasing popularity of donation-based crowdfunding, which can be affected by fraudulent campaigns and privacy issues. The inputs of
714-851: A conservative overnight ... I realized that liberals were actually the racists. Liberals were actually the trolls ... Social Autopsy is why I'm conservative." Kickstarter suspended funding for Social Autopsy, and the website was never created. Defunct Newspapers Journals TV channels Websites Other Economics Gun rights Identity politics Nativist Religion Watchdog groups Youth/student groups Miscellaneous Other By late 2017, Owens had started producing pro-Trump commentary and criticizing notions of structural racism , systemic inequality , and identity politics – all positions she herself had been publishing two years earlier. In August 2017, she began posting politically themed videos to YouTube . In September 2017, she launched Red Pill Black,
816-403: A daily basis. The future growth potential of crowdfunding platforms also depends on their financing volume with venture capital. Between January 2017 and April 2020 globally 99 venture capital financing rounds for crowdfunding platforms took place with more than half a billion USD of total money raised. The median amount per venture capital financing rounds for crowdfunding was $ 5 million in
918-505: A direct person-to-person lending model to microcredit lending for low-income small business owners in developing countries. In 2017, Facebook initiated "Fundraisers", an internal plug-in function that allows its users to raise money for nonprofits. DonorsChoose .org, founded in 2000, allows public school teachers in the United States to request materials for their classrooms. Individuals can lend money to teacher-proposed projects, and
1020-580: A group of white male classmates which included the son of then-mayor and future Democratic governor Dannel Malloy . Joshua Starr, the city's superintendent of schools, listened to the voicemail messages and said that they were "horrendous". Owens's family sued the Stamford Board of Education in federal court, alleging that the city did not protect her rights, resulting in a $ 37,500 settlement in January 2008. Owens pursued an undergraduate degree in journalism at
1122-612: A large ceremony in the hall of the Shura Council of Laws, in the presence of Khedive Abbas II and senior statesmen and notables. Its director was the politician and writer Ahmed Lutfi al-Sayyid while the chairman of its board of directors was King Fouad the first . In 1953 the National University changed its name to Cairo University . Marillion started crowdfunding in 1997. Fans of the British rock band raised $ 60,000 (£39,000) via
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#17330861620421224-635: A live studio audience and aired weekly. Notable guests included former United States president Donald Trump, UFC president Dana White , and U.S. Representative Jim Jordan . Jeremy Boreing announced Owens would be leaving The Daily Wire in March 2024, a move believed to be related to a string of comments considered to be antisemitic culminating in Owens liking a tweet referencing blood libel. Since June 2024 she has produced her podcast independently. In April 2020, Owens announced her intention to either run for office in
1326-410: A long history with many roots. Books have been funded in this way in the past; authors and publishers would advertise book projects in praenumeration or subscription schemes. The book would be written and published if enough subscribers signaled their readiness to buy the book once it was out. The subscription business model is not exactly crowdfunding, since the actual flow of money only begins with
1428-446: A low unemployment rate, to Trump's presidency. On several occasions, Owens has claimed that the effects of white supremacy and white nationalism are exaggerated and would not reach her own personal top 100 list of modern issues facing black America, especially when compared to other issues facing black Americans , such as black-on-black crime and illiteracy rates. When asked if it was problematic that white supremacist groups, such as
1530-493: A newspaper-led campaign attracted small donations from 160,000 donors. Crowdfunding on the internet first gained popular and mainstream use in the arts and music communities. The first noteworthy instance of online crowdfunding in the music industry was in 1997, when fans of the British rock band Marillion raised US$ 60,000 in donations through an Internet campaign to underwrite an entire U.S. tour. The band subsequently used this method to fund their studio albums. This built on
1632-450: A payoff from monetary contributions (desire for investment). Additionally, individuals participate in crowdfunding to see new products before the public. Early access often allows funders to participate more directly in the development of the product. Crowdfunding is also particularly attractive to funders who are family and friends of a creator. It helps to mediate the terms of their financial agreement and manage each group's expectations for
1734-548: A registered Republican. In January 2019, Owens stated: "The left hates America, and Trump loves it." She added that the left is "destroying everything through this cultural Marxist ideology." The Washington Post has called Owens "the new face of black conservatism ". The Guardian has described her as "ultra-conservative", and New York magazine and the Columbia Journalism Review have described her as " right-wing ". Multiple media outlets have called Owens
1836-450: A significant percentage of the money raised. In the summer of 1885, crowdfunding averted a crisis that threatened the completion of the Statue of Liberty. Construction of the statue's pedestal stalled due to a lack of financing. Fundraising efforts for the project fell short of the necessary amount by more than a third. New York Governor Grover Cleveland refused to appropriate city funds for
1938-438: A significant pre-existing fan base and fulfill an existing gap in the market." Innovative new platforms, such as RocketHub , have emerged that combine traditional funding for creative work with branded crowdsourcing—helping artists and entrepreneurs unite with brands "without the need for a middle man." A variety of crowdfunding platforms have emerged to allow ordinary web users to support specific philanthropic projects without
2040-578: A social media campaign to encourage ethnic minorities , including African Americans and Latinos , to leave the Democratic Party and register as Republicans. At the time, 8% of black Americans identified as Republicans. In 2023, Blexit foundation merged with Turning Point USA, the former non-profit organization for which Owens had worked. At the launch in October 2018, Owens said that her "dear friend and fellow superhero Kanye West" designed merchandise for
2142-417: A valuation around $ 9 billion. Litigation crowdfunding allows plaintiffs or defendants to reach out to hundreds of their peers simultaneously in a semi-private and confidential manner to obtain funding, either seeking donations or providing a reward in return for funding. It also allows investors to purchase a stake in a claim they have funded, which may allow them to get back more than their investment if
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#17330861620422244-567: A website and YouTube channel that promotes black conservatism in the United States . On November 21, 2017, at the MAGA Rally and Expo in Rockford, Illinois , Turning Point USA founder Charlie Kirk announced that Owens had been hired as the organization's director of urban engagement. Turning Point's hiring of Owens occurred in the wake of allegations of racism at Turning Point. In May 2019, Owens announced her departure as communications director for
2346-532: A wide range of for-profit entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, and community-oriented social entrepreneurship projects. Although crowdfunding has been suggested to be highly linked to sustainability, empirical validation has shown that sustainability plays only a fractional role in crowdfunding. Its use has also been criticized for funding quackery , especially costly and fraudulent cancer treatments. Funding by collecting small donations from many people has
2448-416: Is the feminine past participle of naître , which means "to be born". Né is the masculine form. The term née , having feminine grammatical gender , can be used to denote a woman's surname at birth that has been replaced or changed. In most English-speaking cultures, it is specifically applied to a woman's maiden name after her surname has changed due to marriage. The term né can be used to denote
2550-472: Is the online pooling of capital from investors to fund mortgages secured by real estate, such as " fix and flip " redevelopment of distressed or abandoned properties, equity for commercial and residential projects, acquisition of pools of distressed mortgages, home buyer down payments, and similar real estate related outlets. Investment, via specialized online platforms in the US, is generally completed under Title II of
2652-423: Is to raise funds for a project where a digital security is offered as a reward to funders which is known as Initial coin offering (abbreviated to ICO). Some value tokens are endogenously created by particular open decentralized networks that are used to incentivize client computers of the network to expend scarce computer resources on maintaining the protocol network. These value tokens may or may not exist at
2754-436: The #MeToo movement , an international movement against sexual harassment and assault , as "stupid". Owens wrote that the movement was premised on the idea that "women are stupid, weak & inconsequential". She opposes abortion, which she has called a tool for the "extermination of black babies". In May 2018, Owens suggested that "something bio-chemically happens" to women who do not marry or have children, and she linked to
2856-589: The Google Play Store . In August 2022, Owens promoted GloriFi , an " anti-woke " startup bank, at a Conservative Political Action Conference event, and promoted it on her social media accounts that October. The bank shut down in November after failing to secure additional funding. Owens said she had no interest in politics whatsoever before 2015, but previously identified as liberal . In October 2018, she said that she had never voted and had only recently become
2958-770: The JOBS Act and is limited to accredited investors. The platforms offer low minimum investments, often $ 100 – $ 10,000. There are over 75 real estate crowdfunding platforms in the United States. The growth of real estate crowdfunding is a global trend. During 2014 and 2015, more than 150 platforms have been created throughout the world, such as in China, the Middle East, or France. In Europe, some compare this growing industry to that of e-commerce ten years earlier. Examples of real estate crowdfunding platforms are EquityMultiple, Fundrise , Yieldstreet , CrowdStreet, and RealtyMogul. In Europe,
3060-617: The Ku Klux Klan (KKK), support Trump, Owens answered that antifa was more prevalent than the KKK. Owens has said that the media cover the KKK during Trump's presidency to hurt him. In a 2019 hearing on hate crimes , Owens referred to the KKK as a "Democrat terrorist organization". After the 2017 Unite the Right rally in Charlottesville, Virginia , Owens said that concern over rising white nationalism
3162-590: The Office for the Coordination of Humanitarian Affairs (OCHA) have been researching and publishing about the topic. One crowdfunding project, iCancer, was used to support a Phase 1 trial of AdVince, an anti-cancer drug in 2016. Research into the suitability of crowdfunding for civic investment in the UK highlights that the public sector has not fully realized the benefits of a crowdfunding approach. Real estate crowdfunding
Candace Owens - Misplaced Pages Continue
3264-491: The Supreme Court of the United States . In April 2018, Kanye West tweeted: "I love the way Candace Owens thinks." The tweet was met with derision on the part of many of West's fans. In May 2019, Owens hosted The Candace Owens Show on PragerU 's YouTube channel. She left PragerU in 2020 to host Candace , a show on The Daily Wire . The show premiered on the platform on March 19, 2021. Its episodes were filmed in front of
3366-566: The U.S. House Judiciary Committee on the rise of hate crimes and white supremacists in the United States, Owens made the claim that the Southern strategy employed by the Republican Party to increase political support among white voters in the South by appealing to racism against African Americans was a "myth" that "never happened". This was disputed by several historians who said that the existence of
3468-414: The U.S. Senate or to be a governor , and that she would only run against an incumbent Democrat, not a Republican. She did not reveal which specific office she would run for, or in which election cycle. In February 2021, Owens tweeted that she was considering a run for president in 2024. "Blexit", a term originally coined by Me'Lea Connelly, is a portmanteau of " black " and "exit" that mimics Brexit ,
3570-642: The University of Rhode Island . She dropped out after her junior year because of an issue with her student loan . Afterwards, she worked as an intern for Vogue magazine in New York. In 2012, Owens took a job as an administrative assistant for a private equity firm in Manhattan , later moving up to become its vice president of administration. In 2015, Owens was CEO of Degree180, a marketing agency that offered consultation, production, and planning services that included
3672-501: The project initiator who proposes the idea or project to be funded, individuals or groups who support the idea, and a moderating organization (the "platform") that brings the parties together to launch the idea. The term crowdfunding was coined in 2006 by entrepreneur and technologist, Michael Sullivan, to differentiate traditional fundraising with the trends of native Internet projects, companies and community efforts to support various kinds of creators. Crowdfunding has been used to fund
3774-410: The "LGBTQ movement brought with it a sexual plague on our society". These comments were widely condemned by LGBT+ campaign groups as variously misinformed, homophobic, transphobic and genocidal. Although in 2015 Owens posted anti-Trump and anti-conservative articles on her Degree180 blog, in 2017 she began describing herself as a conservative Donald Trump supporter. Owens has since characterized Trump as
3876-436: The "film" category: A number of private companies thrive off of crowdfunding and offer services related to a number of platforms. Examples include large companies like BackerKit that principally offer data analysis of campaigns , or Y Combinator , which acts as a startup accelerator and receives a significant number of its applicants from platforms such as Kickstarter and Indiegogo. The Italian-American company Atellani USA
3978-434: The "savior" of Western civilization. She has argued that Trump has neither engaged in rhetoric that is harmful to African Americans , nor proposed policies that would harm African Americans. Birth name#Maiden and married names A birth name is the name given to a person upon birth. The term may be applied to the surname , the given name , or the entire name. Where births are required to be officially registered,
4080-457: The 19th and 20th centuries is a broader precursor. It generated collective groups, such as community or interest-based groups, pooling subscribed funds to develop new concepts, products, and means of distribution and production, particularly in rural areas of Western Europe and North America. In 1885, when government sources failed to provide funding to build a monumental base for the Statue of Liberty ,
4182-659: The 2012 amount was raised in North America. Crowdfunding is expected to reach US$ 1 trillion in 2025. A May 2014 report, released by the United Kingdom-based The Crowdfunding Centre and titled "The State of the Crowdfunding Nation", presented data showing that during March 2014, more than US$ 60,000 were raised on an hourly basis via global crowdfunding initiatives. Also during this period, 442 crowdfunding campaigns were launched globally on
Candace Owens - Misplaced Pages Continue
4284-504: The Decentralized Autonomous Organization ". Debt-based crowdfunding, (also known as "peer-to-peer", "P2P", "marketplace lending", or "crowdlending") arose with the founding of Zopa in the UK in 2005 and in the US in 2006, with the launches of Lending Club and Prosper.com . Borrowers apply online, generally for free, and their application is reviewed and verified by an automated system, which also determines
4386-588: The Democratic Party as a " plantation ", stating in 2020: "Black lives only matter to white liberals every four years—ahead of an election." She has also argued that the American Left likes "black people to be government-dependent", and that black people have been brainwashed to vote for Democrats. Furthermore, Owens has argued that police brutality in the United States and instances of police killing black people are not sourced in racism, but typically occur when
4488-500: The Kickstarter platform prior to the date of publication, including: Musician Amanda Palmer raised US$ 1.2 million from 24,883 backers in June 2012 to make a new album and art book. Other campaigns include: Kickstarter has been used to successfully revive or launch television and film projects that could not get funding elsewhere. These are the current record holders for projects in
4590-518: The Southern strategy was well documented in contemporaneous sources dating back to the Civil Rights era , with historian Kevin M. Kruse , who writes critically about modern conservatism, calling Owens's statement "utter nonsense". In June 2019, Owens said that African Americans had it better in the first 100 years after the abolition of slavery in the United States than they have since, and that socialism
4692-604: The Twitter handles of Sarah Silverman , Chelsea Handler , and Kathy Griffin , saying that they were "evidentiary support" of this theory. Silverman responded: "It seems to me that by tweeting this, you would like to maybe make us feel badly. I'd say this is evidenced by ur [ sic ] effort to use our twitter handles so we would see. My heart breaks for you, Candy. I hope you find happiness in whatever form that takes." Owens responded, accusing Silverman of supporting terrorists and crime gangs. On July 28, 2017, Owens stated she
4794-469: The U.S. and $ 1.5 million in Europe between January 2017 and April 2020. In 2015, it was predicted that over 2,000 crowdfunding sites would be available to choose from in 2016. As of 2021, there are 1,478 crowdfunding organizations in the US ( Crunchbase , 2021). As of January 2021, Kickstarter has raised more than $ 5.6 billion spread over 197,425 projects. Crowdfunding platforms have differences in
4896-463: The UK, Spacehive is used by the Mayor of London and Manchester City Council to co-fund civic projects created by citizens. Similarly, dedicated Humanitarian Crowdfunding initiatives are emerging, involving humanitarian organizations, volunteers, and supporters in solving and modeling how to build innovative crowdfunding solutions for the humanitarian community. Likewise, international organizations like
4998-652: The UK-based United Innovation Association, counsel that ideas can be protected on crowdfunding sites through early filing of patent applications , use of copyright and trademark protection as well as a new form of idea protection supported by the World Intellectual Property Organization called Creative Barcode. A number of platforms have also emerged that specialize in the crowdfunding of scientific projects, such as experiment.com , and The Open Source Science Project. In
5100-444: The UK. One of the challenges of posting new ideas on crowdfunding sites is there may be little or no intellectual property (IP) protection provided by the sites themselves. Once an idea is posted, it can be copied. As Slava Rubin, founder of IndieGoGo, said: "We get asked that all the time, 'How do you protect me from someone stealing my idea?' We're not liable for any of that stuff." Inventor advocates, such as Simon Brown, founder of
5202-451: The US, P2P lending totaled about $ 5 billion. In 2014, in the UK, P2P platforms lent businesses £749 million, a growth of 250% from 2012 to 2014, and lent retail customers £547 million, a growth of 108% from 2012 to 2014. In both countries in 2014, about 75% of all the money transferred through crowdfunding went through P2P platforms. Lending Club went public in December 2014 at
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#17330861620425304-686: The age of 11 or 12, after her parents divorced. She is the third of four children. Her paternal grandfather was Robert Owens, a black American who was born in North Carolina . Owens is also of Caribbean American heritage through her grandmother, who is originally from Saint Thomas, U.S. Virgin Islands . She is a graduate of Stamford High School in Connecticut . In 2007, while a 17-year-old senior at Stamford High School, Owens received three racist death threat voicemail messages, totaling two minutes, from
5406-471: The arrival of the product. However, the list of subscribers has the power to create the necessary confidence among investors that is needed to risk the publication. War bonds are theoretically a form of crowdfunding military conflicts. London's mercantile community saved the Bank of England in the 1730s when customers demanded their pounds to be converted into gold – they supported the currency until confidence in
5508-455: The blog featured an article mocking Donald Trump's penis size. Owens launched SocialAutopsy.com in 2016, a website she said would expose bullies on the Internet by tracking their digital footprint. The site would have solicited users to take screenshots of offensive posts and send them to the website, where they would be categorized by the user's name. She used crowdfunding on Kickstarter for
5610-555: The borrower's credit risk and interest rate. Investors buy securities in a fund that makes the loans to individual borrowers or bundles of borrowers. Investors make money from interest on the unsecured loans; the system operators make money by taking a percentage of the loan and a loan servicing fee. In 2009, institutional investors entered the P2P lending arena; for example in 2013, Google invested $ 125 million in Lending Club. In 2014, in
5712-533: The boycott of the company, after Disney announced its opposition to Florida House Bill 1557 , officially known as the "Parental Rights in Education Act" but commonly referenced as the "Don't Say Gay" legislation. In May 2022, Owens falsely claimed on Twitter that the gunman involved in the Robb Elementary School shooting could be transgender and said that he was "cross-dressing". According to Owens, this
5814-661: The case succeeds (the reward is based on the compensation received by the litigant at the end of his or her case, known as a contingent fee in the United States, a success fee in the United Kingdom, or a pactum de quota litis in many civil law systems). LexShares is a platform that allows accredited investors to invest in lawsuits. Donation-based crowdfunding is the collective effort of individuals to help charitable causes. In donation-based crowdfunding, funds are raised for religious, social environmental, or other purposes. Donors come together to create an online community around
5916-500: The conservative advocacy group Turning Point USA from 2017 and 2019. In 2018, Owens co-founded Blexit along with former Tucson police officer Brandon Tatum . After working for PragerU , in 2021 Owens joined The Daily Wire and began hosting Candace , a political talk show. She was dismissed in March 2024 following a series of comments widely regarded as antisemitic , and months of tensions with co-host Ben Shapiro and other Daily Wire staff. Owens has expressed skepticism about
6018-448: The construction of a company. Equity crowdfunding, unlike donation and rewards-based crowdfunding, involves the offer of securities which include the potential for a return on investment. Syndicates, which involve many investors following the strategy of a single lead investor, can be effective in reducing information asymmetry and in avoiding the outcome of market failure associated with equity crowdfunding. Another kind of crowdfunding
6120-654: The entire name entered onto a birth certificate or birth register may by that fact alone become the person's legal name . The assumption in the Western world is often that the name from birth (or perhaps from baptism or brit milah ) will persist to adulthood in the normal course of affairs—either throughout life or until marriage. Some reasons for changes of a person's name include middle names , diminutive forms, changes relating to parental status (due to one's parents' divorce or adoption by different parents), and gender transition . The French and English-adopted née
6222-542: The extent of white supremacy 's impact on society and has voiced opposition to both COVID-19 lockdowns and COVID-19 vaccines . She has promoted numerous conspiracy theories . Since 2024, Owens has become a proponent of various antisemitic conspiracy theories. Candace Amber Owens was born in White Plains, New York in 1989, but grew up in Stamford, Connecticut . She was raised mostly by her mother and grandparents from around
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#17330861620426324-451: The first Egyptian university, and published an advertisement in Al-Ahram newspaper in October 1906 calling on Egyptians to fulfill the nation's debt and not procrastinate with it. Indeed, many people including school children rushed to donate, and the patriots encouraged this subscription until donations exceeded 4,400 Egyptian pounds. The National University was opened on December 21, 1908, in
6426-580: The following quote: Civilization was achieved for gay couples in the United States when the Supreme Court ruled in favor of same-sex marriage in 2015 . Overcivilization, however, is the LGBTQ community's current quest for transgender rights , or, more accurately described, the demand that biological men who self-identify as women be granted legal permission to use ladies' restrooms and dominate women's sports competitions. In April 2022, she called The Walt Disney Company "child groomers and pedophiles" and called for
6528-516: The front page, and kept a running tally of funds raised. The campaign raised over $ 100,000 (roughly $ 2 million today) allowing the city to complete construction of the pedestal. Pulitzer and The World simultaneously saved the Statue of Liberty and gave birth to crowdfunding in American politics. Crowdfunding for Cairo University The Egyptian national leader, Mustafa Kamel , launched an initiative for public subscription in favor of establishing
6630-431: The highest reported funding by a crowdfunded project to date is Star Citizen , an online space trading and combat video game being developed by Chris Roberts and Cloud Imperium Games; it has raised over $ 500M to date, and while it has a devoted fan base, criticism has arisen for being a potential scam. On April 17, 2014, The Guardian media outlet published a list of "20 of the most significant projects" launched on
6732-456: The individual to participate by expecting a payoff. Crowdfunding platforms are motivated to generate income by drawing worthwhile projects and generous funders. These sites also seek widespread public attention for their projects and platform. Crowdfunding websites helped companies and individuals worldwide raise US$ 89 million from members of the public in 2010, $ 1.47 billion in 2011, and $ 2.66 billion in 2012 — $ 1.6 billion of
6834-419: The individuals in the crowd trigger the crowdfunding process and influence the ultimate value of the offerings or outcomes of the process. Individuals act as agents of the offering, selecting, and promoting of the projects in which they believe. They sometimes play a donor role oriented towards providing help on social projects. In some cases, they become shareholders and contribute to the development and growth of
6936-413: The internet to help finance a North American tour. The Professional Contractors Group , a trade body representing freelancers in the UK, raised £100,000 over a two-week period in 1999 from some 2000 freelancers threatened by a government measure known as IR35 . In 2003, jazz composer Maria Schneider (musician) launched the first crowdfunding campaign on ArtistShare for a new recording. The recording
7038-494: The movement; the following day, West denied being the designer and disavowed the effort, saying: "I never wanted any association with Blexit ... I've been used to spread messages I don't believe in." After an apology, West continued to support Owens as of September 2020. In July 2021, Owens announced the launch of a device named the Freedom Phone , which sold for $ 500, was marketed toward Trump supporters and which she claimed
7140-413: The need for large amounts of money. GlobalGiving allows individuals to browse through a selection of small projects proposed by nonprofit organizations worldwide, donating funds to projects of their choice. Microcredit crowdfunding platforms such as Kiva (organization) facilitate crowdfunding of loans managed by microcredit organizations in developing countries. The US-based nonprofit Zidisha applies
7242-422: The offering. Individuals disseminate information about projects they support in their online communities, generating further support (promoters). The motivation for consumer participation stems from the feeling of being at least partly responsible for the success of others people's initiatives (desire for patronage), striving to be a part of a communal social initiative (desire for social participation), and seeking
7344-528: The officer feels his life is under threat, adding a police officer is eighteen-and-a-half times more likely to die at the hands of a black person than vice versa. She has also characterized abortion as a tool for the extermination of black babies. She has said that "black Americans are doing worse off economically today than we were doing in the 1950s under Jim Crow ", adding that this is because "we've only been voting for one party since then." She has attributed economic improvements for African Americans, such as
7446-430: The organization fulfills and delivers supplies to schools. There are also a number of own-branded university crowdfunding websites , which enable students and staff to create projects and receive funding from alumni of the university or the general public. Several dedicated civic crowdfunding platforms have emerged in the US and the UK, some of which have led to the first direct involvement of governments in crowdfunding. In
7548-434: The organization. While at Turning Point USA, Owens received the support of prominent figures in the Republican Party. President Trump called her a "very smart thinker," while Republican National Committee chair Ronna Romney McDaniel said at CPAC "People like Candace Owens, like Charlie Kirk, we need more leaders like that." Ted Cruz expressed his admiration for Owens by jokingly suggesting in 2022 that she be appointed to
7650-462: The persons behind the projects strongly enough to provide monetary support. In response to arbitrary crowdfunding curation on existing platforms, an open source alternative called Selfstarter emerged in late 2012 from the project Lockitron after it was rejected from Kickstarter. While Selfstarter required the creators of the project to set up hosting and payment processing, it proved that projects could successfully crowdfund without middlemen taking
7752-422: The pound was restored, thus crowdfunding their own money. A clearer case of modern crowdfunding is Auguste Comte 's scheme to issue notes for the public support of his further work as a philosopher. The "Première Circulaire Annuelle adressée par l'auteur du Système de Philosophie Positive " was published on March 14, 1850, and several of these notes, blank and with sums, have survived. The cooperative movement of
7854-600: The project, and Congress could not agree on a funding package. Recognizing the social and symbolic significance of the statue, publisher Joseph Pulitzer came to the rescue by launching a five-month fundraising campaign in his newspaper The World . The paper solicited contributions by publishing articles that appealed to the emotions of New Yorkers. Donations of all sizes poured in, ranging from $ 0.15 to $ 250. More than 160,000 people across America gave, including businessmen, waiters, children, and politicians. The paper chronicled each donation, published letters from contributors on
7956-409: The project. An individual who takes part in crowdfunding initiatives tends to have several distinct traits – innovative orientation, which stimulates the desire to try new modes of interacting with firms and other consumers; social identification with the content, cause, or project selected for funding, which sparks the desire to be a part of the initiative; and (monetary) exploitation, which motivates
8058-425: The project. While funding does not depend on location, observation shows that funding is largely tied to the locations of traditional financing options. In reward-based crowdfunding, funders are often too hopeful about project returns and must revise expectations when returns are not met. Equity crowdfunding is the collective effort of individuals to support efforts initiated by other people or organizations through
8160-448: The provision of finance in the form of equity. In the United States, legislation that is mentioned in the 2012 JOBS Act will allow for a wider pool of small investors with fewer restrictions following the implementation of the act. Unlike non-equity crowdfunding, equity crowdfunding contains heightened "information asymmetries." The creator must not only produce the product for which they are raising capital, but also create equity through
8262-477: The requirements towards investors are not as high as in the United States, lowering the entry barrier into the real estate investments in general. Real estate crowdfunding can include various project types from commercial to residential developments, planning gain opportunities, build to hold (such as social housing ), and many more. The report from Cambridge Centre for Alternative Finance addresses both real estate crowdfunding and peer 2 peer lending (property) in
8364-448: The scientific community, these new options for research funding are seen ambivalently. Advocates of crowdfunding for science emphasize that it allows early-career scientists to apply for their own projects early on, that it forces scientists to communicate clearly and comprehensively to a broader public, that it may alleviate problems of the established funding systems which are seen to fund conventional, mainstream projects, and that it gives
8466-593: The services they provide and the type of projects they support. Curated crowdfunding platforms serve as "network orchestrators" by curating the offerings that are allowed on the platform. They create the necessary organizational systems and conditions for resource integration among other players to take place. Relational mediators act as an intermediary between supply and demand. They replace traditional intermediaries (such as traditional record companies, venture capitalists). These platforms link new artists, designers, project initiators with committed supporters who believe in
8568-467: The site from various fans and investors, providing him with the funds to complete his film. In 2002, the "Free Blender" campaign was an early software crowdfunding precursor. The campaign aimed for open-sourcing the Blender 3D computer graphics software by collecting €100,000 from the community, while offering additional benefits for donating members. The first company to engage in this business model
8670-506: The success of crowdfunding via magazines, such as the 1992 campaign by the Vegan Society that crowdfunded the production of the Truth or Dairy video documentary. In the film industry, writer/director Mark Tapio Kines designed a website in 1997 for his then-unfinished first feature film, the independent drama Foreign Correspondents . By early 1999, he had raised more than US$ 125,000 through
8772-470: The term z domu (literally meaning "of the house", de domo in Latin ) may be used, with rare exceptions, meaning the same as née . Crowdfunding Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to internet-mediated registries. This modern crowdfunding model is generally based on three types of actors –
8874-578: The time of the crowdsale, and may require substantial development effort and eventual software release before the token is live and establishes a market value. Although funds may be raised simply for the value token itself, funds raised on blockchain -based crowdfunding can also represent equity , bonds , or even " market-maker seats of governance " for the entity being funded. Examples of such crowd sales are Augur decentralized, distributed prediction market software which raised US$ 4 million from more than 3500 participants; Ethereum blockchain ; and "
8976-468: The traditional financier role of a record label for artists they believe in by funding the recording process". Since pioneering crowdfunding in the film industry, Spanner Films has published a "how-to" guide. A Financial article published in mid-September 2013 stated that "the niche for crowdfunding exists in financing films with budgets in the [US]$ 1 to $ 10 million range" and crowdfunding campaigns are "much more likely to be successful if they tap into
9078-463: The website. In response, people began posting Owens's private details online. With scant evidence, Owens blamed the doxing on progressives . Following that, she earned the support of conservatives involved in the Gamergate harassment campaign , including right-wing political commentators such as Milo Yiannopoulos and Mike Cernovich . Subsequently, Owens became a conservative, saying in 2017, "I became
9180-420: The website. The proposal was immediately controversial, drawing criticism that Owens was de-anonymizing ( doxing ) Internet users and violating their privacy. According to The Daily Dot , "People from all sides of the anti-harassment debate were quick to criticize the database, calling it a public shaming list that would encourage doxing and retaliatory harassment." Both conservatives and progressives condemned
9282-466: The word used to describe the United Kingdom's withdrawal from the European Union . The original Blexit movement was started in 2016 by Connelly with the goal of achieving black economic independence by encouraging black Americans to leave the traditional financial systems that have historically disadvantaged the black community. In late 2018, Owens launched a different BLEXIT foundation, which featured
9384-732: The word was in August 2006. Crowdfunding is a part of crowdsourcing, which is a much wider phenomenon itself. The Crowdfunding Centre's May 2014 report identified two primary types of crowdfunding: Reward-based crowdfunding has been used for a wide range of purposes, including album recording and motion-picture promotion, free software development, inventions development, scientific research, and civic projects. Many characteristics of rewards-based crowdfunding, also called non-equity crowdfunding, have been identified by research studies. In rewards-based crowdfunding, funding does not rely on location. The distance between creators and investors on Sellaband
9486-464: Was "not controlled by Apple or Google ". The device's launch was criticized by tech publications for a lack of transparency about the device, as well as security concerns. The device was later revealed to be a white-label version of the Umidigi A9 Pro, a Chinese smartphone available for $ 120, and its "uncensorable" PatriApp store is a rebranded version of Aurora Store, an open-source frontend for
9588-407: Was "stupid". She has also called it "just election rhetoric" and "based on the hierarchy of what's impacting minority Americans, if I had to make a list of 100 things, white nationalism would not make the list." In 2018, Owens dismissed reports of a resurgence in hate crimes, saying "All of the violence this year primarily happened because of people on the left." During her April 2019 testimony before
9690-471: Was about 3,000 miles when the platform introduced royalty sharing. The funding for these projects is distributed unevenly, with a few projects accounting for the majority of overall funding. Additionally, funding increases as a project nears its goal, encouraging what is called "herding behavior". Research also shows that friends and family account for a large, or even majority, portion of early fundraising. This capital may encourage subsequent funders to invest in
9792-441: Was at fault. In June 2020, Owens claimed that George Soros paid people to protest the murder of George Floyd . Shortly afterwards, she argued that George Floyd "was not a good person. I don't care who wants to spin that." She said: "The fact that he has been held up as a martyr sickens me." Then-President Trump retweeted Owens's remarks about Floyd. In a Facebook video that garnered nearly 100 million views, Owens called Floyd
9894-557: Was distributed by RGH/Lion's Shares Pictures. In 2004, Electric Eel Shock , a Japanese rock band, raised £10,000 from 100 fans (the Samurai 100) by offering them a lifetime membership on the band's guestlist. Two years later, they became the fastest band to raise a US$ 50,000 budget on SellaBand . Franny Armstrong later created a donation system for her feature film The Age of Stupid . Over five years, from June 2004 to June 2009 (release date), she raised £ 1,500,000. As of late 2022,
9996-432: Was evidence that "there were plenty of signs that he was mentally disturbed". In June 2022, she described Drag Queen Story Hour as "child abuse", arguing that parents who take their children to a drag queen story hour "are underqualified to have children" and "should have their children taken away from them." In January 2024, in a post on X (Twitter) Owens accused transgender people of "mass drugging children" and claimed
10098-477: Was funded by her fans and became the first recording in history to win a Grammy Award without being available in retail stores. Oliver Twisted (Erik Estrada, Karen Black) was an early crowdfunded film. Subscribers of The Blue Sheet formed The Florida Film Investment Co (FFI) in January 1995, and started selling shares of stock at $ 10 a share to fund the $ 80,000 – $ 100,000 film. The Movie was filmed in Oct 1996. The film
10200-705: Was in favor of banning transgender individuals who are undergoing sex reassignment surgery from serving in the United States military but said that she did not oppose fully transitioned transgender individuals serving in the U.S. military . In her biography, Blackout: How Black America Can Make Its Second Escape from the Democrat Plantation , in the chapter "On Overcivilization - The Trend Towards Overcivilization", she talks about her view between civilization , in which she described as when basic rights and liberties have been ensured for all, and "overcivilization" in
10302-516: Was originally founded with the intent to market, accelerate, and invest in startups wanting to publicize their ideas via crowdfunding platforms like Kickstarter, often designing the startup's campaign and online material. Crowdfunding is being explored as a potential funding mechanism for creative work such as blogging and journalism, music, independent film (see crowdfunded film ), and for funding startup companies . Community music labels are usually for-profit organizations where "fans assume
10404-450: Was the U.S. website ArtistShare (2001). As the model matured, more crowdfunding sites started to appear on the web such as Kiva (2005), The Point (2008, precursor to Groupon ), Indiegogo (2008), Kickstarter (2009), GoFundMe (2010), Microventures (2010), YouCaring (2011)., and Redshine Publication (2012) for book publication. The phenomenon of crowdfunding is older than the term "crowdfunding". The earliest recorded use of
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