Publication of the second State of the Crowdfunding Nation report reveals the massive progress that has been made since the first report quarterly report, according to the Crowdfunding Centre. Not only does crowdfunding continue to grow at prodigious rates but it’s viral spread across the globe too. Crowdfunding now reaches more than 90% of the world’s online population in over 160 countries worldwide.
During quarter two (April – June) there were an estimated 50,000 pledges per day (25,560 directly observed) and an estimated 5 million over the period (2,326,032 directly observed).
This mapping of data shows new patterns now starting to emerge that promise a new understanding of the nature of crowdfunding, why and how it has become so viral – and how it will impact the wider economy.
It’s becoming increasingly clear that while this is happening independent of the established economy, on its ‘own two feet’, its not separate from it. It’s feeding into it an increasing flow of highly investible ventures that have each created a proven team, product and market. ‘Deal-flow’ is rising in both quantity and quality as a result. Little wonder one leading investor was recently quoted as saying “Don’t show me your business plan, show me your crowdfund”.
James has recently been appointed a Visiting Fellow at the University of Portsmouth Business School - an emerging centre for study of the crowd phenomenon. Dr. Joe Cox said the partnership between the University and the Crowdfunding Centre would make it possible to address significant questions relating to crowdfunding and how it’s changing business the world over.
Barry James and his team will be unveiling the latest research revealing an emerging understanding of the root forces driving and shaping the crowd economy – why, how and what we can do about it – when he chairs the next UK national Crowdfunding Deep Impact conference 13th November hosted by the University of Sheffield He will be joined by leading researchers including Dr Richard Swart from University of California, Berkeley, to look at the economic impact of Crowdfunding locally, how it is transforming innovation, venture and job creation and entrepreneurship and how this can be accelerated within a town, city, region or nation.