David Marlett on the future of "crowdfunding"01/04/13 Lisa Marzilli
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On today’s Last Call we take a closer look at crowdfunding. If you’ve ever had a great idea for a product, or a book, or wanted to put out a music CD but didn’t have the money to do it, there are now plenty of places to go and make your pitch to grassroots investors; places like kickstarter, indiegogo and fundageek.
The idea is basically the same – lots of folks giving small donations to get a project off the ground. Two familiar local artists successfully used kickstarter to fund their latest CD’s including Tra La La by Rebekah Pulley and the Reluctant Prophets and singer songwriter Geri X for her latest project called Work is The Wolf, which thanks to 166 backers raised over $5,000. President Obama called crowdfunding "a game changer" when he signed the JOBS Act back in April.
Joining us to talk about crowdfunding is David Marlett, Founder and Executive Director of the National Crowdfunding Association. He also chairs the World Crowdfund Federation and heads the consulting firm Bluerun Crowdfund, which specializes in crowdfunding film projects.