Tag: open source

Crowdsourcing News RoundUP – August 12

Check out our curated Weekly Roundup of the breaking news and must-read – Democracy is getting a reboot on the blockchain; Startup using machine learning and satellite imagery to predict crop yields; Moovit speeding up their...

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The Rise of Disintermediated Crowdfunding

One Friday morning a few months back, the creators of Lockitron, an innovative deadbolt system controlled by your smartphone, were rejected by the folks over at Kickstarter. The following week, the Lockitron team formed a plan: they would launch Lockitron on their own and try to follow the vision that led to Dalton Caldwell’s success with App.net. When I last checked Lockitron’s progress, they received 14,704 pre-orders totaling $2,278,891—success that propels the company to the ranks of the Pebble Watch, Skallops, and Double Fine.

Is this success typical? Will the next revolution in crowdfunding be disintermediated, open source fundraising?

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