Posts tagged "funding"

Crowdfunding or funding the crowds: a new model for the distribution of wealth?

An interesting critique of crowdfunding.

If one actually paid a decent wage to all of the people involved in helping with the campaign, one would be loosing much of the money raised. The production costs of organizing a €10000 campaign will have already used up some of the funds for the project that is to be executed when funded. The actual costs of organizing, raising money and carrying out the campaign are therefore not funded. It is the people who actually do most of the work (the campaigner) who are not paid enough (if anything at all) and then only if the project is successful, i.e. if the amount of funding requested has been raised.

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