There are many problems that plague the current state of media production. One of main problems for consumers is the increasing corporatization of media. Large production companies placing strict deadlines on developers and forcing them to produce incomplete or broken products. Furthermore, succeeding as an independent producer is becoming more and more difficult. Developers no longer have the tools to compete with big producers who have millions to spend on advertising. As such, devoting time towards a project as an independent developer is risky as success in this area is few and far between. It is for these reasons that crowdfunding seems like such a great concept. Now popular sites such as Kickstarter or Indiegogo can showcase games …show more content…
Kickstarter is very upfront in their FAQ page, saying that if the creator is unable to complete the project, then Kickstarter is unable to refund any money to any of the project’s backers. Because funders are literally providing the financial drive the project, they are the ones who lose if the project falls through, and there is no amount of consumer protection to prevent this from happening. A counter argument to this is to suggest that consumers should be careful and only fund what appear to be financially stable projects that they believe will be completed. This does not consider the fact that any given project has the potential to fall through, and since the funders have paid up front then there money is gone. But such an argument also ignores a glaring vulnerability in the crowdfunding model: the ability for a scammer to create a perfectly legitimate looking project and run away with the funding under the guise that they were unable to complete the project. The most worrying aspect of this is the fact that very little is being done to prevent such things from happening. The best that Kickstarter is doing at the current moment is employing an “Integrity team” that monitors projects for suspicious activity. The major problem of the crowdfunding model stems from fraudulent projects that trick consumers into funding them, and until such issues are fixed crowdfunding will never be a safe funding method. A primary example of fraud on Kickstarter is Arc
There are also some risks associated with using Indiegogo as a crowdsourcing platform, despite the various advantages provided to HP. As Indiegogo is an online platform, it is indicated that the platform is indeed accessible on a global scale. This means that HP will have to manage a large scale of workers, all around the world. This would require synchronous virtual group meetings and a highly effective two-way information stream where HP is kept informed of all progress and activities being done. This may pose communication barriers decrease the efficiency of meeting goals effectively, which the opposite of what HP is looking to do. Hence, HP’s time would be spent more on management than solution. There is also a problem with the fees associated
Chen came up with the idea of Kickstarter in 2001 when he was working as a musician in New Orleans. He wanted to two hire Austrian DJs and rent a venue for a local jazz fest but he didn't have enough money. Indeed, this is when he began thinking “what if people can go to a site and buy tickets for the show?”. However, for seven years Chen did not know if and how should he start a site similar to his idea, and he also wanted to continue with his career. In fact, between 2001 and 2009, he had several jobs, including disc jockey, waiter, and electronic musician.
Capitol C takes a compelling look at the pheoneneom of crowdfunding. It's hard to not to receive an ask to support a Kickstarter or Indiegogo project on a daily bases anymore. Personally, I have only backed one crowdfunding project, it was a documentary about kids with autism. Why haven't I backed more? It's Not because I don't trust the process or believe in the product or ideas, it's just
Crowdfunding is an emerging and progressive online platform that offers small organizations and startups with possibilities to growth their social media presence, funding base, and investment prospects. Crowdfunding, a popular idea commenced inside the US and the UK, is an rising way of raising capital, involves using internet or social networking websites along with facebook or LinkedIn or Twitter or maybe a few committed web sites. So, in case you want to raise budget, what you're required to do is create an internet profile and provide an explanation for your mission and fund-raising goals and share the identical with public at large, inclusive of your peers, relatives, buddies of friends, and so forth. Crowdfunding is the system of one
In summary, equity crowdfunding ushers in a fresh and enhanced way to aid entrepreneurs and investors achieve their objectives. The challenge is weighing the influence and dynamics of crowdfunding, evolving market trends, dormant regulatory and ethical concerns, stakeholder considerations, and accomplishing the goals of both parties while balancing integrity and tenets. Investors and entrepreneur believe crowdfunding is an exemplary method of raising capital. It represents an opportunity to increase revenue, cultivate an entrepreneurial ecosystem, enter an emerging industry, and create jobs. Vigilance and education play a significant role if equity crowdfunding is to remain sustainable for many years to
Crowdsourcing websites like GoFundMe, Indiegogo, Kickstarter have increasingly become the default medium for fundraising for various causes. From student loans to mortgage payments, sites like GoFundMe provide convenient and quick platforms for individuals seeking monetary assistance and GoFundMe today claims to have raised over 3 billion in
In 2014, crowdfunding raised over five billion dollars worldwide (Hyywna, 2014). Crowdfunding provides money for inventors, filmmakers, musicians, the medically ill, and even educators. On sites like GoFundMe and Donorschoose.org, teachers asked for pencils, folders, textbooks, iPads, engineering supplies, and many other items to be donated from people around the world to fill holes in their classroom and their curriculum.
Crowdfunding has become commonplace in the art world, but the Jewish Museum launched its first Kickstarter campaign for a number of reasons, of course, in order to fabricate the thousands upon thousands of artworks needed to keep the show fully-stocked throughout its run. Also through
However, these obligations such as including pre-issuance financial statement disclosures that must be certified or independently audited, can incur significant costs for issuers. These incurred regulatory and administrative costs make crowdfunding an untenable pursuit for many emerging businesses; especially those businesses seeking to raise small amounts of capital. Limited access to seed capital is one of the most common barriers to entrepreneurship in the U.S. As such, a crowdfunding framework that imposes cost prohibitive administrative and regulatory requirements on lower-level capital formation is quite counterproductive.
The advancement and development in delivery of media content has also affected the audience’s behavior in certain manner. In distant past, families use to gather around the only television screen in home and enjoy the prime time programs aired by these limited broadcasters. “Millions of households already have cancelled pay-TV subscriptions - up to 10 million U.S. households are currently broadband-only. And about 45 percent of Americans stream television shows at least once a month, according to research firm eMarketer. That number is expected to increase to 53 percent or 175 million people by 2018.” Anderson, Mae, and Michael Liedtke. "HBO Unleashes Streaming from Cable Contracts." The Charleston Gazette, 16 Oct. 2014. Web.
The media plays a massive role in the construction of crime, this includes the reporting of crime, the sensationalisation of stories, over-representation of different social groups and age of offenders. Construction of crime is also through stereotyping both ethnicity and gender. It is sometimes argued that the media is an ideological tool that is used to distort reality from its viewers. Female killers are often considered as ‘oxymoronic’, as they are seen as contradictory. Females are generally seen as caring beings but once they commit violent crimes, they are judged based individual circumstances and it is not taken into consideration that they could just as violent as male offenders in their own right. In this essay, I will be focusing on the gender stereotypes in media, specifically focusing on female killers.
There are many existing crowdfunding platforms that have their own uniqueness and specific purpose to serve the community. These crowdfunding website targeted the community that possessed the mutual passion to help each other. The popular examples of crowdfunding platform are Kickstarter, GoFundMe, pitchIn, Indiegogo.
Crowdfunding creates funds for new projects by using internet and social media. This can benefit small business projects to obtain their required funds. A project receives small investments from wide range of individuals through web advertising and social media. The individuals (investors) who have invested in the project may receive incentives such as discounts on the products, early opportunity to purchase their products, inclusion of their name in the list of contributing founders etc., so, they are not purchasing the share of the company. Crowdfunding avoids going to the banks, friends and family to get funds. It also avoids giving up partial ownership of their company. The websites like www.rockethub.com, www.peerfunding.com,
The idea of crowdfunding and its definition was born and innovated from the concept of crowdsourcing. Crowdsourcing consists of developing a corporate strategy where feedback, additional ideas, suggestions are taken from community, while crowdfunding involves collecting funds for creative projects, such as music, books, movies or fashion products, by using social networks (online platforms).
Crowdfunding is one way that businesses can seek money to startup their businesses, finance a new product, or expand their operations. Crowdfunding raises funds or capital by using online and social media networks to get a large number of people to contribute money towards a project in exchange for a good, service or equity. Generally money is raised through a fundraising website such as kickstarter. Another way to describe the meaning of crowdfunding is by the use of small amounts of capital from a large number of individuals to