When we started Indiegogo the original idea was actually equity, what we now call equity crowdfunding. But it was not possible to do that because certain legislation required an investor. So almost the idea of what we know today as perks based crowdfunding came out of that necessity. For us for Perks based crowdfunding, your perk cannot be monetary. It has to be a thank you card or anything but it can't be a promise of ownership.
So, you’ve got an idea. But how do you get the backing to make your big dream a reality?
Becky Center is the CEO of Indiegogo, an online crowdfunding platform that’s helped over 800,000 entrepreneurs bring their ideas to life. Deidre Woollard caught up with Center to talk about:
- How tighter lending environments lead to entrepreneurship booms
- What drives backers to participate in funding campaigns that pay off in rewards rather than equity
- And how the laboratory-like nature of crowdfunding can help predict “the next big thing” before it goes mainstream
Host: Deidre Woollard Guest: Becky Center Producer: Mary Long Engineer: Rick Engdahl
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