Thinking Out Loud

September 7, 2017

Crowdfunding “Maybes” vs. Supporting “Already Dones”

Crowdfunding

Driving home on a Fall day two years ago, a radio station was discussing crowdfunding as “the new panhandling.” The hosts were skeptical about the projects, the necessity, the ethics and the fact that it has become all too easy to put your request out there and wait for a response.

That got me thinking (but not out loud, as the drivers in the other lanes tend to worry when the guy in the next car is talking to himself.)

What if instead of crowdfunding people for something they say they are going to do, what if there was a site which allowed people to help someone for something they’ve already done?

Something like, “Last week my wife and I got to participate in a great opportunity to help some individual/group/cause in a special way, but now we are unexpectedly out of pocket to the tune of $3,000 and would like to find others who can share in the blessing of what happened that day.”

The obvious benefit here is that instead of wondering if the trip is going to be funded, the charity album is going to get recorded, the business is going to be launched or the medical treatment is going to be deemed necessary; the thing, whatever it is, is already a done deal. There can be pictures, documentation, links.

It’s a way of saying, “I/we believed in this to such a great extent, that before there was an opportunity to create a web page and ask people for help, we stuck our necks out and wrote the check (or bought the ticket, or booked the flight or studio time or concert hall, or registered the trademark, or started filming). But now we want you to help us in something that is already past the half-way mark in development.” Or, “…something that is already a fait accompli.”

That way you could trust that the project is not a pipe dream or a flight of fancy. You would know that the gears are in motion.

If you’ve ever been unemployed you know the adage that it’s easier to get a job when you are already working. There’s a momentum there, which leads to a confidence. Similarly, I would argue that it’s easier to get people on board for something that has already gained traction, or has already proven itself. Some people like to back a winner; as it stands now, most crowdfunding projects are at best a wish.

What we’re really asking here, is what if some of crowdfunding was about events in the past, not conjecture about a possible future.

Let’s take this further:

  • Suppose for a minute that the person seeking the funding was required to show the project had some substance?
  • What if the person seeking help was asked to prove that they have also put some of their own capital into the request in question?

Wouldn’t that encourage others to get on board?

So what’s a good name for such a website?

images for graphic collage: Plan To Start

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September 19, 2015

What if Crowdfunding Set a Different Time Frame?

Filed under: economics — Tags: , , , , , , , — paulthinkingoutloud @ 7:54 am

Crowdfunding

Driving home Friday night a talk radio station was discussing crowdfunding as “the new panhandling.” The hosts were skeptical about the projects, the necessity, the ethics and the fact that it has become all too easy to put your request out there and wait for a response.

That got me thinking (but not out loud, as the drivers in the other lanes tend to worry when the guy in the next car is talking to himself.)

What if instead of crowdfunding people for something they say they are going to do, what if there was a site which allowed people to help someone for something they’ve already done?

Something like, “Last week my wife and I got to participate in a great opportunity to help some individual/group/cause in a special way, but now we are unexpectedly out of pocket to the tune of $3,000 and would like to find others who can share in the blessing of what happened that day.”

The obvious benefit here is that instead of wondering if the trip is going to be funded, the charity album is going to get recorded, the business is going to be launched or the medical treatment is going to be deemed necessary; the thing, whatever it is, is already a done deal. There can be pictures, documentation, links.

It’s a way of saying, “I/we believed in this to such a great extent, that before there was an opportunity to create a web page and ask people for help, we stuck our necks out and wrote the check (or bought the ticket, or booked the flight or studio time or concert hall, or registered the trademark, or started filming). But now we want you to help us in something that is already past the half-way mark in development.” Or, “…something that is already a fait accompli.”

That way you could trust that the project is not a pipe dream or a flight of fancy. You would know that the gears are in motion.

If you’ve ever been unemployed you know the adage that it’s easier to get a job when you are already working. There’s a momentum there, which leads to a confidence. Similarly, I would argue that it’s easier to get people on board for something that has already gained traction, or has already proven itself. Some people like to back a winner; as it stands now, most crowdfunding projects are at best a wish.

What we’re really asking here, is what if some of crowdfunding was about events in the past, not conjecture about a possible future.

Let’s suppose for a minute that the person seeking the funding was required to show the project had some substance? What if the person seeking help was asked to prove that they have also put some of their own capital into the request in question? Wouldn’t that encourage others to get on board?

So what’s a good name for such a website?

images for graphic collage: Plan To Start

June 19, 2010

Life As We Are Given It

Today’s post is from Jim Thornber, who I linked to here once before, many months ago.  Our blogs actually share the same name.   The post is from June 14th, but if you want to know more, read Jim’s bio page.

This Was NOT In My Plans

Nebuchadnezzar king of Babylon came to Jerusalem and besieged it…Then the king ordered Ashpenaz, chief of his court officials, to bring in some of the Israelites from the royal family and the nobility…They were to be trained…to enter the king’s service (Daniel 1:1, 3, 5)

About the time I think my life isn’t going like I planned, I think of Daniel and his three friends. They were well-educated young men who came from successful Israeli families, nobility even, and were handsome and smart. They were the cream of the Jewish crop whose parents carefully planned their careers before they were born. They were well on their way to living the American, no, Israeli dream: Nice job, good home in a decent neighborhood, a quiver of respectable children and a well-tended 401k.

Then King Nebby shows up and ruins their plans. He destroys their town, carries off the golden articles from the Temple, makes eunuchs of the Daniel and the boys (2 Kings 20:18; Isa. 39:7) and carries them to Babylon where they will serve the king until they die, never to see Israel again. And I think, “Well, I may not have everything I ever wanted, but at least I’m not a eunuch in Iraq.”

That was my thoughts a few days ago when I was walking around the hardware store where I work. Here it is, year 2010, and I’m a forty-nine year old bi-vocational pastor of a tiny congregation in a small Midwestern town, working part-time helping people with their plumbing needs. I don’t own a home, my newest car is seven years old and it scares me to think about the size of my savings account. When I was in Bible college, this is not how I saw myself living when I approached the (assumed) halfway point of life.

Do I wish I had more? You bet. I think about some of my friends who have successful careers, lived in the same town for years, have their family close by and don’t worry about money when they retire. They’re close to paying off their house; they can give to their church and to charity, volunteer at the school or hospital and enjoy grilling in the backyard on weekends. My life didn’t go that way. But then, God never promised our life would follow the well considered path of the American dream.

In fact, I think it would really frustrate me to be a Christian living in America if I really bought into the American Dream. But I don’t. I’ve read the book of Ecclesiastes and I believe what the wisest king on earth wrote. After twelve chapters of meaninglessness, Solomon gives us three words of useful advice: Find a good job, find a good spouse, remember God. In other words, live a meaningful existence, share it with someone and keep God in the center. I’ll add one more to the list: Life is not about me.

We can look at Daniel and his buddies and think, “What a waste of such good potential.” Heck, for all I know a few people have said that about me. But this is only true if the life I live is only about me. Daniel’s generation was instrumental in setting up the next generation to return to the land that would eventually produce the true King of Kings. Likewise, my life is instrumental in producing Kingdom people in the next generation, for every knee will bow to God, not Jim, so nothing is really about me. It is all about Him.

No, this is not how I planned it. But if at the evening of my life I can look back and honestly say that I acted justly, loved mercy and walked humbly with my God, I know I will hear Him say, “Well Done.” And that IS the way I planned it.

~Jim Thornber

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