This document discusses crowdfunding and its potential to help spur entrepreneurship and economic growth in Arizona. It begins with a brief overview of crowdfunding, noting that while starting companies is easier, growing them is more difficult. It then examines Arizona's current ranking of 46th for venture capital investment. The rest of the document considers how crowdfunding could help jumpstart entrepreneurship in Arizona if more focus is placed on building communities around entrepreneurs and their goals, in addition to funding their projects.
2. Crowdfunding
•What is Crowdfunding? Fact vs Fiction.
•How does it work? & Why does it work?
•How can we use crowdfunding?
•Success & benefits: For entrepreneurs & communities
Beyond the headlines and hype:
How can crowdfunding help our economy?
38. Kickstarter (2012)
2.2 million people pledged a total of
$319,786,629
(up 221% from 2011)
Backers pledged $606.76 per minute
People in 177 countries backed a project in 2012
(That's 90% of the countriesin the world)