By Kelly Werder, JD/MBA
Adjunct Faculty, School of Business at American Public University
I’m a Kickstarter backer, an IndieGoGo supporter, and a Crowdrise donor. In the age of crowdfunding, investing in a project or business you believe in is no longer limited to the uber-wealthy. This opens up new possibilities to those looking to fund their dreams.
My first foray into the world of crowdfunding started by backing Seth Godin’s Kickstarter campaign to publish his book, The Icarus Deception. In an effort to prove to the traditional publishing world that there was a market for his latest work, Godin set a goal of $40,000 and ended up with an investment of $287,342 from 4,242 backers. This is also an example of crowdfunding as a marketing strategy; by using Kickstarter, Godin promoted his book to thousands of people before it was even published.