Day 37: Kickstarter

Topic: Funding the future

Imagine the project, the entrepreneurial venture or the idea we’ve all had come true. Crowd funding is when fans place money into projects or people, which are then used for investment or startup purposes. Kickstarter allows people to list their projects on their website for others to fund if they are interested. Updates, less formal versions of annual reports, are given to the followers who help fund the project.

Companies could benefit from their own Kickstarter initiatives. Imagine employees who get to post up projects they’d like to implement on their own initiative for the company and having their employers or fellow peers back them up. My university could benefit from something like this too. I have so many friends who have wanted to start their own entrepreneurial ventures. What if my university set aside some money and funded students who posted their projects and ideas onto a university Kickstarter platform? Students would get funding and the university would be investing in the future. It doesn’t even have to be just the university who helps with funding. I bet students would love the idea of being able to say: “Hey, I helped fund the next Bill Gates.”

I wander is this initiative was actually started how many more student ventures would be created and how many more students would love their university a little bit more.

Lots of Little Love

-L

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4 responses to this post.

  1. Posted by Princess Alivia on July 4, 2010 at 9:46 am

    Now you’re on to something…

    love it Phill! 🙂

    Reply

  2. this post is absolutely dedicated to you and leemor, you guys got me thinking about how students really do have some amazing ideas and sometimes they just need a little bit of support

    Reply

  3. Brilliant!

    Reply

  4. I was actually thinking about submitting this idea to an enterprize competition or something. If I do I definitely want both of you on the team 🙂

    I really want to thank you both for having stayed with this blog, it means a lot, especially when I’m changing things constantly to try make it better. I’ll get there eventually haha

    Reply

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