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Crowdfunding platforms

In the early 2000s, Perry Chen, like other musicians, faced a number of challenges and risks in making money. Instead of investing in risky performances, he wanted other artists to perform according to the level of support they received or to perform their art with minimal risk. Thus, the artists would not risk their performances, as well as the support of those who paid in advance. (The lack of the expected number of participants during the performances was a huge loss for the artists. In this case, the performance had to take place, albeit for a small number of participants.)

Since 2007, Chen has teamed up with Yancey Stricler and Charles Adler to turn this problem into a crowdfunding model. The team, which solved the software and design issue with the support of the first investor and famous artist Tobias Funke, launched the Kickstarter online platform in 2009.

But don't think that as soon as the platform is ready, creative projects are released quickly and get the necessary support. Even the term crowdfunding did not exist at that time, or rather, no one thought that such a thing would be used. They set out on this journey only believing.

Now let's take a look at the first Kickstarter projects:

• One of the projects needs $ 1,000 support but cannot complete it.

• The other needs $ 20 support and collects $ 35 from 3 people.

Today, projects seeking support are worth $ 10,000.

The Kickstarter explosion happened three years ago. The first million-dollar project was the Elevation Dock, the "best dock for iPhones." More than 12,000 supporters raised $ 1 million in a short time to see it produced.

The second project was a game developer's project. More than $ 3 million has been raised by players to develop a game called Broken Age. In fact, the gaming category is one of Kickstarter's most funded categories to date, and more than $ 1 billion has been raised for new gaming projects. It was even easier to carry out a difficult and expensive process, such as creating a game with a few hundred fans.

Let's not forget that 16 million citizens of the world support projects on Kickstarter alone, more than $ 5 billion has been raised through gofundme, another crowdfunding platform.

One of the platforms in the field of crowdfunding and mass financing in our country is the "Seed" platform.

This platform has been operating for 2 years and provides social, social entrepreneurship projects in this way.

So far, 15 projects have been placed on the seed platform, and about AZN 3,000 has been raised.

Let's look at some of these projects:

Joshgun Karimov managed to raise part of the funds needed to publish the book "Ongaku" (640 AZN) here. Rauf Rahimov managed to collect 300 AZN for the reproduction of pheasants around the Kura River in his ecological project "Returning pheasants to nature".

Iqrar Gurban was able to take the first step to create a new lease of life for young people in Lankaran through creative industries, raising part of the funds needed for the social entrepreneurship project "Tor cafe".

Some of the social projects, such as the III Animafilm International Animation Festival, Social Solutions, and Booklab, are having difficulty raising funds for the initial phase.

We hold projects, trainings and seminars from time to time to make public funding and crowdfunding, which is a new idea for our society, recognized by people.

To make this idea even clearer to you, we add the link to crowdfunding platforms around the world at the end of the article. At the same time, by looking at Seed, you will see how easy it is to bring projects to life by actually spreading a culture of support.

Kickstarter

Gofundme

Fundable

Fongogo

Along with Toxum, the Wish.az platform also operates in this field in our country.