Crowdfunding's-Slippery-Slope

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Crowdfunding's Slippery Slope

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Something has gone very right and very wrong with crowdfunding .

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By now we're all familiar with it -- the open platform that solicits contributions or tiny investments from the 99 percent to fund creative projects, philanthropic endeavors, R&D and your band's music video.

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In 2012 , crowdfunding raised $2.7 billion and that's expected to practically double this year to $5.1 billion , according to Massolution . That's about a quarter of what the U.S. venture capital industry raises annually.

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We all know someone who's used Kickstater , Indiegogo or RocketHub .

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In May, Zach Braff , star of the NBC sitcom Scrubs , raised $3.1 million to fund a follow-up to his indie film, Garden State .

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Rob Thomas raised $2 million in one day for a film version of his Veronica Mars .

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Then there was James Franco who wanted half a million dollars for a series of small feature films (he raised $328,329 ).

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Read Full Story: http://www.huffingtonpost.com/tom-silva/crowdfundings-slippery-slope_b_3734325.html

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Read Another story’s of filmmaker and fundraising : http://fundraisingscript.com/Kickstarter-A-brooding-ground-for-filmakers.php

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