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Episode Info: Schedule Your Crowdfunding Session ↓ (#session) Summary On March 16th, Patreon announced that Subbable would join forces with Patreon, and all of it’s creators would move to the Patreon platform. I’ve been using Patreon for almost a year now, and while I’m a big fan of crowdfunding, this show will lay down the truth about what Crowdfunding is, how it works, and why it’s not for everyone. If you haven’t heard of either one of these companies, that’s OK, because it’s a fairly new crowdfunding site based the old patronage funding model. There are four types of crowdfunding - Reward, Equity, Donation and Lending. We’re going to focus on the two kinds of reward based crowdfunding - Project based, and creator based. Full Transcript / Show Notes ↓ (#transcript) Listen Subscribe → iTunes (https://itunes.apple.com/us/podcast/rule-breaking-ideas/id963176417) → Stitcher (http://stitcher.com/s?fid=60206&refid=stpr) → YouTube (https://www.youtube.com/channel/UCF6IYjjDJn-XPqZYiXct3XQ) Schedule Your Crowdfunding Session Below Times listed below are Mountain Time. (Time Zone Converter) (http://www.timeanddate.com/worldclock/converter.html) Transcript Project based is when you fund a revolutionary widget of some kind, a record album or a movie. Kickstarter and IndieGogo are the two biggest players in this space.  There’s been some huge projects funded on these platforms, including a video game that received over $74M, the Pebble watch with $10M,  and even ones that were based on popularity like the Veronica Mars movie, and one that Kate and I funded - a  David Cross movie called “Hits”. The other type of crowdfunding funds the creator. Rather than fund a record album like you would on Indiegogo, you fund the artist creating the record album. This kind of fundiing option works best for those who are creating recurring content, like a show or ongoing video content. Patreon is the biggest player here, but Recurrency entered the space on March 2nd with their unique approach of creating campaign pages by tapping into social media audiences. Analysis I think crowdfunding is the future. It will revolutionize the way businesses fund products, and fund our television shows, the movies we watch, the books we read and the music we listen to. Success for a project will no longer be dependent on gatekeepers who are unwilling to take a chance on something that doesn’t fit into a proven formula. You - the fan - will be able to fund yourRead more »

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