What is Equity crowdfunding?

Is Equity Crowdfunding The Key To More International Startup Hubs?

ChanceBarnettHeadshot_smIs crowdfunding the secret to creating more Silicon Valley-like tech hubs around the world? Crowdfunder CEO Chance Barnett argues yes.

Talent, we all know, knows no geography. Great brains and big ambitions can be born anywhere. The sorts of ecosystems that nurture this talent and accelerate innovation are far rarer.

History, government policy and culture all play a role in determining where a cluster will (and will not) develop, but so, of course, does the access to capital to grow ideas into big businesses. Is equity crowdfunding the solution to this piece of the puzzle and a key to accelerating the growth of international clusters?

That’s what Crowdfunder CEO Chance Barnett recently wrote on the Unreasonable Institute blog. He argues that crowdfunding platforms will facilitate the connection of local players and speed clustering, as well as accelerate access to capital and attract the attention of more traditional investors, advisors and partners. I got in touch to ask him for more details on how crowdfunding can help nurture ecosystems around the globe and the obstacles that still stand in the way of its greater use.

Jessica Stillman: Why do you think the “bottom up” method of crowdfunding beats more “top down” initiatives like government accelerators, etc.?

Chance Barnett: I believe that both are necessary — and that one without the other is relatively ineffective. Top down initiatives generally mean capital or resources given to those in the ecosystem (investors, companies, working spaces) by the government. These can have a short-term impact but have a lesser long-term effect on the level of talent, experience, diversity, and successful outcomes when done in isolation. It is hard for investors and the free market to pick winners and effectively allocate capital. It is more difficult for government to do this adequately, though there is a place for it in building capacity and helping jumpstart an ecosystem locally.

Probably not the new Mega Man you're hoping for

by Kinsaras

But maybe someone will be interested in this.
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Mega Man board game pre-orders begin at $79.99
By Emily Gera on Feb 20, 2014 at 6:00a @twitgera
Classic gaming franchise Mega Man is being adapted into a board game by developers at Jasco Games, a collective best known as as publisher of the Universal Fighting System collectible card card.
A crowdfunding campaign to aid in the funding of the board game, cards and other materials success came to an end late last year after reaching $415,041 in pledges - hundreds of thousands over its initial $70,000 funding goal

Top Crowdfunding Platforms According to User Reviews [Infographic]  — Crowdsourcing.org
While general platforms like Kickstarter, Indiegogo, and Rockethub have grabbed the headlines (and with them, the visitors), many of the niche crowdfunding platforms that have popped up recently may present a better option.

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