P2P Funding: Kickstarter (US)
An innovative platform for artists, filmmakers, designers, writers, curators, performers and others to bring their projects, events, and dreams to life.
Kickstarter, based in the US, facilitates P2P funding of creative ideas and ambitious endeavors. It's based on the belief that a good idea, communicated well, can spread fast and wide. Also that a large group of people can collectively be a tremendous source of funds and encouragement. Kickstarter is powered by an all-or-nothing funding method where projects must be fully funded or no money changes hands. This motivates competition to engage potential funders in creative ways through story-telling and promised rewards and and allows people to test the popularity of their concepts without risk.
The platform has been exceptionally well devised and has created a shift in the way that creatives can realise projects – through decentralised funding. Kickstarter has become a thriving community which is well managed across a range of social media channels. One of my favourite project examples is the Pittsburgh Conflict Kitchen:
http://bit.ly/9xuXN7. And here's a more detailed analysis of the platform from a Kickstarter user:
http://bit.ly/b3poVz Given the variety of the ideas themselves, the story-telling to funders and rewards programs – Kickstarter is a stimulating place to check in for fresh doses of creative thinking.