Crowdfunding is simple to define; its funding via a networked group, the way one would pose a question in an online forum.

It’s a cooperation of that group to pool their resources to support other people. Yet while it is easy to define, the true effect of crowdfunding in a social and economical sense is harder to capture in a simple sentence.

Crowdfunding is a multifaceted area that owes much of its energy with social networking and continues a synergist relationship with the phenomenon.

It can be used to finance a start up, raise money for a cross-country cycling trip or pre-sell new music of a rising artist. Crowdfunding’s flexible and encompassing nature speaks to its economic potential and its ability to impact society. As social networking changed how we communicate and share our lives, crowdfunding is changing how we move capital and investing interests.

Introduction to CrowdFundingOf the seven billion person population, over two billion of those are accessing the internet and those wired in are growing everyday. The ability to communicate is unprecedented by any age in humanity’s short history. It is because of this new connectivity how capital is allocated is shifting from the expertise of the minority to the wisdom of the majority. The old system is failing in the face of the new growth’s complexity and fast pace. Yet with the large scale of information and ideas expanding exponentially, it is the old model’s weaknesses that are proving to be strengths in the new order. The ability to tap into the limitless collective intelligence of the human race lies the immense prospect of the crowdfunding evolution.

Life without social networking is a laughable memory to the most recent generations. Similiarly, a few generations down the road will wonder how any venture was financed without crowdfunding. Crowdfunding will deal and has dealt with many of the disbeliefs (often by those still in control). One needs only to look at the major shifts in a single industry, book publishing, created by technological advances. Books can be submitted, edited and published without collaborators ever meeting face to face. Authors can use relatively professional and economical options to self publish. Readers can choose subjects and topics that thirty years ago would have been nearly impossible. Beyond book publishing, nearly the whole of the media industry has evolved into the electronic and networked age that is the 21st century, albeit some more willing than others.

The Crowd-ployment and Crowdfunding Paradigm

The long standing question of “Where do you work?” encompassed the mindset of association with your career or job within and with a single company. But as the paradigms of consumer/producer, professional/amateur have shifted and diffused, so has the employee/employer patterns been affected.

With opportunities for employment via crowd sourcing and crowd funding increasing in a style that is more closely related to contract work,  it allows for the possibility that one may become a “crowd-ployee”; someone whose income is gained through crowdsourced opportunities. Within the “crowd-ployee” model, it’s not distinct who the employer is. For companies within this equation, they are able to farm out many tasks and decisions to the crowd. Crowdfunding platforms will make it possible that in the future, small companies will lean on the crowd from the conception of the company. Because of the influence of crowd sourcing, the employee/employer paradigm is and will shift, along with the method of which we work. This shift in thoughts and actions, issues with intellectual property will arise and give thought to re-factoring the current IP system. The same applies to Crowdfunding which is already changing the traditional venture capital approach to financing startups.

 

The Crowd-ployment Paradigm

The long standing question of “Where do you work?” encompassed the mindset of association with your career or job within and with a single company. But as the paradigms of consumer/producer, professional/amateur have shifted and diffused, so has the employee/employer patterns been affected.

With opportunities for employment via crowd sourcing and crowdfunding increasing in a style that is more closely related to contract work,  it allows for the possibility that one may become a “crowd-ployee”; someone whose income is gained through crowdsourced opportunities. Within the “crowd-ployee” model, it’s not distinct who the employer is. For companies within this equation, they are able to farm out many tasks and decisions to the crowd. It is possible that in the future, small companies will lean on the crowd from the conception of the company. Because of the influence of crowd sourcing, the employee/employer paradigm is and will shift, along with the method of which we work. This shift in thoughts and actions, issues with intellectual property will arise and give thought to re-factoring the current IP system. Crowdfunding changed the game once and forever!

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text.

Start typing and press Enter to search