Audience Development for the Arts & the future of crowdfunding

Today for my guest blog post, I came across a post with some interesting information about the future of crowdfunding. Enjoy!

***************************************************************
Crowdfunding
by Grace Williams
April 23, 2012

I read an article by Craig Newman on Crowdfunding this week. Before I read this article, I was not really familiar with the term “crowdfunding.” I assumed it was referring to fundraising efforts such as Kickstarter. However, Kickstarter doesn’t really bring in serious investors since your return is just the incentives given with specific dollar amounts. This speaks more to investment opportunities in which you get an actual financial return. Bills are apparently making their way through the House of Representatives and the Senate that will allow investors to buy small businesses’ stock online. The article speaks to the great opportunities that come from this, but also cautions readers that it could be used to defraud investors.

I see the great opportunities that could potentially come from the passage of this bill, not just for small businesses, but for the entertainment industry as well. The latest Broadway production of the musical Godspell was funded in entirety by small donations from individuals. This allowed the production to focus more on the artistic side of the production instead of worrying so much about what the investors would think. However, this process could have been streamlined with the passage of these bills making their way through the House of Representatives and the Senate. Instead of donating money, they would be investing. Instead of just getting their name listed in the playbill, individuals across the country could see a return on their investment. Record companies could also fund projects by enlisting the help of the general public. Upon further research, I saw that this bill has been passed. Hopefully the government will be able to regulate the investments to keep investors from being defrauded. It will be interesting to see how this progresses in the next year. [:O)]

Grace Williams is a senior at the University of Southern Mississippi pursuing a Bachelor of Science in Entertainment Industry Management. She hopes to someday be a part of this great wide world of theatrical management. She is passionate about live entertainment.

***************************************************************

Cheers to happy and loyal audiences,
Shoshana

Shoshana Fanizza

Audience Development Specialists

http://www.buildmyaudience.com

FacebookTwitterLinkedin

“Never treat your audience as customers, always as partners.”
~James Stewart

Although we are not a non-profit, if you would like to support ADS to continue our work, you can donate here.

My eBook

New eBook!  The How of  Audience Development for the Arts: Learn the Basics, Create Your Plan

Advertisements

Leave a comment

Filed under Audience Development, fund raising, Fundraising, Online fund raising, Online fundraising

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s