Crowdfunding – The Social Media Version of Fundraising

20 Mar 2014

Something we are interested in is crowdfunding. It’s such a fascinating concept. The term ‘crowdfunding’ was first used by Micheal Sullivan in August 2006. Since then hundreds of crowdfunding initiatives have been created and many been hugely successful. From not for profit campaigns supporting the sick, to financial campaigns for start ups – the benefits speak for themselves.

Pebble, made possible by Kickstarter, raised $1M in just 28 hours. Completely customisable, the smartwatch allows you to get text messages and notifications AND has a rich community of apps. Did we mention it’s waterproof too? No wonder it was so successful, so quickly. All made possible by Kickstarter.

If you liked this post take a look at our wearable tech post from last week.

Written by  David Goudge