The Razer Phone ( code name : cheryl , stylized as RΛZΞR PHONE ) is an Android -based phablet designed and developed by Razer Inc. , released on November 15, 2017. While the device was designed mainly for mobile gamers , reviewers such as Engadget have noted that it is also good enough for everyday use.
78-656: As a result of Razer's acquisition of Nextbit in January 2017, Razer started developing its own phone. The Razer Phone, therefore, is very similar in design to the Nextbit Robin . Its fingerprint scanner and front camera's positioning is the same, and both phones have large bezels, although the Razer Phone is made of aluminum, unlike the plastic Robin. In October 2018, Razer announced the Razer Phone 2 with numerous enhancements from
156-453: 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
234-668: A custom 2 + 4 configuration: two high-performance Cortex-A57 cores clocked at 1.82 GHz and four energy-efficient Cortex-A53 cores clocked at 1.44 GHz. This architecture allows the device to handle both demanding tasks and routine activities with ease, optimizing power consumption without compromising on speed. To complement the processing power, the Robin is equipped with 3 GB of LPDDR3 RAM . This amount of memory ensures smooth multitasking, allowing users to switch between apps and manage background processes without significant slowdowns. Whether it's gaming, streaming, or simply navigating through
312-403: 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
390-505: 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
468-483: 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 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
546-612: 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
624-412: 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. 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
702-588: A monumental base for the Statue of Liberty , 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
780-450: 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
858-450: 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
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#1732863320116936-438: 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
1014-434: A smooth, matte finish. This design choice not only provided a premium feel but also helped in reducing the overall weight of the device, making it comfortable to hold and use. The front of the Robin is protected by Gorilla Glass 4 , a toughened glass known for its resistance to scratches and minor impacts, which helps maintain the clarity and integrity of the display over time. Weighing approximately 150 g (5.3 oz),
1092-417: 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
1170-496: Is expandable by a microSD card. The display is a 5.7" 1440p IPS LCD panel with a 16:9 aspect ratio. Its highlighted feature is an "UltraMotion" 120 Hz display with Qualcomm's Q-Sync variable refresh rate , similar to Apple 's second-generation iPad Pro . The quick refresh rate allows for gamers to play with almost zero latency. The phone comes with two 12 MP cameras on the back, one wide-angle and one telephoto. The wide-angle lens features an f/1.75 aperture, while
1248-402: Is generally based on three types of actors – 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
1326-474: Is set at 1920 x 1080 pixels , translating to a pixel density of 424 ppi, ensuring crisp and clear visuals whether you're watching videos, playing games, or browsing the web. Under the hood, the Robin is powered by the Qualcomm Snapdragon 808 (MSM8992) chipset, which is known for its efficiency and robust performance in mid- to high-end smartphones. The Snapdragon 808 is a hexa-core processor featuring
1404-472: 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
1482-423: 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
1560-488: The Bank of England in the 1730s when customers demanded their pounds to be converted into gold – they supported the currency until confidence in 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 "
1638-770: 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,
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#17328633201161716-590: 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
1794-436: 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
1872-659: 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
1950-504: 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
2028-500: 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
2106-401: The Razer Phone, such as improved screen and camera, wireless charging, and Razer Chroma lighting. In February 2019, Razer confirmed that it had let 30 employees go and was shutting down several projects. It is assumed the Razer Phone 3 was among those projects canceled. Razer did confirm that it would continue to sell the Razer Phone 2 and that it remains committed to supporting the phone with
2184-439: The Razer Phone. Nextbit The Nextbit Robin was an Android smartphone manufactured by Nextbit (bought by Razer Inc. ). The phone was marketed as "Cloud-first" where it utilized cloud storage to store data which wouldn't be used for a long period of time, thus saving space in the device's local storage. The product and crowdfunding campaign was launched on Kickstarter on September 1, 2015. Twelve hours after it
2262-442: The Robin strikes a balance between sturdiness and portability. Its dimensions—149 mm (5.9 in) in height, 72 mm (2.8 in) in width, and 7 mm (0.28 in) in thickness—contribute to its sleek profile, making it both pocket-friendly and ergonomic for one-handed use. The device is equipped with a 5.2 in (130 mm) IPS LCD screen, which offers vibrant colors and wide viewing angles. The display resolution
2340-469: 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
2418-463: 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
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2496-652: 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
2574-444: 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
2652-451: 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
2730-414: The book once it was out. The subscription business model is not exactly crowdfunding, since the actual flow of money only begins with 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
2808-555: 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
2886-477: The camera. These issues were marked as resolved by Nextbit by releasing software updates in March and April. However, issues persist for many users. The smartphone was also quite easy to bend with both hands due to its all plastic housing, as was tested by Zack Nelson on his YouTube channel JerryRigEverything . Crowdfunding Crowdfunding is the practice of funding a project or venture by raising money from
2964-661: 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
3042-419: The cloud storage feature on March 1, 2018, with data accessible until April 1, 2018. When installed applications, for example, were not used by the user for a long period; the smartphone automatically detected them and archived them into the cloud to reduce internal storage usage. It also adapted to the usage patterns of the user and performed the backup process whenever applicable. The smartphone also stored
3120-448: 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
3198-501: 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
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3276-516: 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
3354-431: 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
3432-456: 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
3510-419: 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
3588-413: 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
3666-477: The latest updates and features. The Razer Phone's back is made of black aluminum with a chrome Razer logo. Special editions were released, one with a gold logo, and one with a green logo. The front glass is protected by Corning Gorilla Glass 3 . The volume buttons are made of aluminum, and the power buttons are made of plastic. It uses the Qualcomm Snapdragon 835 SoC , coupled with 8 GB LPDDR4X RAM and 64 GB internal storage. The internal storage
3744-413: 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
3822-422: 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
3900-430: 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
3978-462: 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
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#17328633201164056-448: The phone is placed into the touchpad area of the computer and a hardware button is pressed, a USB-C connector clicks into the phone, which also charges the phone when docked. The laptop uses a custom operating system based on Android and has 200 GB of internal storage, a 13.3" 1440p display, two USB ports, a 720p webcam, a dual-array microphone, and a 3.5mm headphone jack , but lacks dedicated speakers and uses those built into
4134-408: The phone ran near-stock Android 7.1 Nougat . On April 16, 2018, the phone was upgraded to Android 8.1 Oreo . Its default launcher is Nova Launcher Prime. Razer CEO Min-Liang Tan confirmed to a user on Twitter that the Razer Phone would get Android Pie in 2019. At CES 2018 , Razer previewed a prototype laptop codenamed "Project Linda" that uses the Razer Phone to power the computer. After
4212-483: The phone were halted almost immediately after the announcement. On March 1, 2018, the cloud storage feature was shut down by Nextbit. 10 months after the acquisition, in November 2017, Razer released the Razer Phone , their first game-centric smartphone, with the overall design based on the Robin. The Robin was designed with a distinctive aesthetic, primarily constructed from durable polycarbonate material that features
4290-600: 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
4368-409: 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
4446-425: 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
4524-448: 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
4602-477: 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
4680-448: 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
4758-593: 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
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#17328633201164836-467: 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
4914-506: 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
4992-473: The telephoto lens offers f/2.6 aperture. It uses the USB-C charging port for its 4,000 mAh battery; capable of fast charging using Qualcomm Quick Charge 4+ . It also has a 24 W fast charger included in the box. The phone does not have a 3.5 mm headphone jack . The speakers are enhanced with Dolby Atmos , and the phone comes with a THX -certified USB-C to 3.5 mm headphone jack adapter. On release,
5070-578: 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 "
5148-468: 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
5226-467: The trends of native Internet projects, companies and community efforts to support various kinds of creators. Crowdfunding has been used to fund 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
5304-503: The user interface, the combination of the Snapdragon 808 processor and 3 GB of RAM delivers a reliable and responsive experience. Additionally, the device's hardware supports a range of connectivity options, including LTE , Wi-Fi , Bluetooth , and NFC , making it versatile in various environments. The inclusion of dual front-facing speakers also enhances the media consumption experience, providing clear and balanced audio directly towards
5382-626: The user's photos in the cloud in the default resolution appropriate for upload, until the user specified the resolution. Pre-orders after the Kickstarter campaign began in October 2015, with shipping set to start in February 2016. During the preorder period, the Nextbit Robin had estimated arrival time of February. The phone stopped being produced in January 2017, following the companies acquisition by Razer Inc. The Robin had suffered performance issues upon launch, including lag and slow performance of
5460-400: The user. The Robin comes with a built-in 32 GB of internal storage, but does not feature microSD card expansion. Instead, the smartphone utilized cloud storage . It had 100 GB of usable cloud storage offered by Nextbit out of the box, which is integrated within the phone's software as an additional "external" storage. Shortly after being purchased by Razer , Nextbit shut down
5538-732: 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
5616-471: 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
5694-557: 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,
5772-477: 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
5850-517: Was launched, the phone reached its funding goal of US$ 500,000, much earlier than the expected goal of 30 days, and completed its $ 1 million goal within two weeks. It was launched on February 16, 2016, where 1000 units of the GSM variant was shipped to its backers on Kickstarter, and an additional 2,300 units were sold through its official website. In January 2017, Nextbit was bought by Singaporean-American videogame hardware manufacturer Razer Inc. Sales of
5928-516: 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
6006-490: Was published on March 14, 1850, and several of these notes, blank and with sums, have survived. The cooperative movement of 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
6084-450: 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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