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20: How Danae Ringelmann and Indiegogo Helped Start a Funding Revolution

20: How Danae Ringelmann and Indiegogo Helped Start a Funding Revolution

FromThe Foundr Podcast with Nathan Chan


20: How Danae Ringelmann and Indiegogo Helped Start a Funding Revolution

FromThe Foundr Podcast with Nathan Chan

ratings:
Length:
38 minutes
Released:
Dec 30, 2014
Format:
Podcast episode

Description

You can fund your baby on the Internet. That’s the world we live in. One in which a couple who wanted a child but could not conceive naturally were able to turn to strangers on the web to raise money for in vitro fertilization. A new life, crowdfunded.
The couple’s campaign for a bundle of joy might seem odd — it’s certainly not ordinary — but it is a triumph of technology and humanity. It’s a story made possible through crowdfunding, a method of raising money for ideas online by seeking small contributions from a large numbers of backers, who usually receive perks in return for their support. The couple in question acquired funds to conceive their child by running a crowdfunding campaign on Indiegogo, which, along with the New York-based Kickstarter, is one of the world’s preeminent crowdfunding platforms.
Danae Ringelmann often recounts the couple’s story, because it conveys the extraordinary potential of crowdfunding. Few ideas lie outside the bounds of what can be funded (within the law, that is) — you just need to convince people that an idea has merit. Crowdfunding gives ordinary people, including budding entrepreneurs, a door to financial backing that once stood closed to all but the well connected. 
Ringelmann, Co-Founder and Chief Development Officer of Indiegogo, says that the platform’s users have funded “ideas from businesses to urban gardens to schools to medical cures to babies to films and music tours to you name it.”
She has firsthand knowledge of how to succeed with crowdfunding, but also an even more unique insight into the development of Indiegogo and the very advent of crowdfunding itself.In this interview you will learn:
 
- How crowdfunding started, and how Danae conceptulized the idea of democratizing finance
- What it takes to disrupt an industry
- Gold advice on crowdfunding and how to get your campaign fully funded
- What Danae believes it takes to build a successful business
- Tips on bootstrapping
- The indiegogo story
- & much more!
 
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Released:
Dec 30, 2014
Format:
Podcast episode

Titles in the series (100)

We interview hard to reach entrepreneurs. (Mark Cuban, Seth Godin, Tim Ferriss, Tony Robbins, Barbara Corcoran, Daymond John & many more). Unlike most podcast interview series Nathan Chan literally started from knowing nothing. He was just an average guy working in a 9-5 job he utterly hated. He knew nothing about entrepreneurship, nothing about startups, nothing about marketing, and nothing about online or how to build a business. So from launching Foundr Magazine he's gone out and spoken to some of the most successful entrepreneurs and founders in the world in the world to find out exactly what it takes to become a successful entrepreneur, so YOU can learn from them. Why this podcast? Because we're asking the same questions you want to know as an entrepreneur on their journey to building an extremely successful business. We're on the front-lines facing the daily battles you are. How do I get more customers? How do I scale my business? I want to start a business, but just don't know where to start? How did this person get millions of customers and make millions of dollars and have a such a massive impact on the world? Some of these entrepreneurs are very well known, and some not known at all and that’s the cool part! Here we will share with you our best interviews from Foundr magazine showcasing this persons processes, failures, critical lessons learnt and actionable strategies showing YOU how to build a successful business. This is NOT your AVERAGE everyday entrepreneurship podcast.