THE CROWDFUNDING INDUSTRY IS PREDICTED TO ACCELERATE TO $5.1 BILLION IN 2013.

The Global crowdfunding market grew 81% in 2012 to a total funding volume of $2.7 billion with over 1.1 million successful campaigns receiving funding.

Amanda Palmer Addresses Crowdfunding Criticism in TED Talk

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Amanda Palmer delved into the roots of her crowdfunding strategies earlier this week in a TED talk titled “The Art of Asking.” Recounting her days as a street performer and the twinge of shame she felt when people shouted at her to get a job, Palmer discussed how the couchsurfing she did while touring with the Dresden Dolls led to a broad network of people willing to contribute everything from food and shelter (and a neti pot) to stage equipment. “Couchsurfing and crowdsurfing are basically the same thing,” she said. “You’re falling into the audience and you’re trusting each other.”Palmer also talked about how a disagreement with her label and a guilty fan’s repayment for burning her CD from a friend led her to mount the largest crowd-funding music project to date, which brought in $1.2 million to record her most recent album, Theatre is Evil. Resources and Links:
Amanda Palmer Kickstarter Campaign

 

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