As America’s Crowd Funding Strategist, Dr. Letitia S. Wright, D.C, teaches workshops for Small Business Administration, California’s SBDC’s and is a Guest blogger for the Los Angeles Crowd Funding Examiner and other Crowd Funding sites. She has the fastest growing platform for crowdfunding education and project promotion in America. This is an often-requested summary response to inquiries about crowdfunding.
According to Wikipedia, crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet. It has been described as “the practice of raising funds from two or more people over the internet towards a common service, project, product, investment, cause, or experience.” As an industry, crowdfunding raised a total of $5.1 billion in 2013, and that number is projected to increase exponentially over the next few years. Read more
Dr. Wright’s Crowdfunding Favorites for November 2014
I consider taking part in crowdfunding projects a rewarding cause for I can help in new projects and ideas to reach the market. Not only it’ll help the lives of the campaign’s creator but also the whole society as these projects and products will definitely benefit everyone. Amidst all the crowd funding projects that I’ve wrote about, I have my four personal favorites. These are the Purple Pocket Book, Forever Homes for Foster Children, Banana Wave is the Future and Lulla Doll: Sleep Companion for Babies & Toddlers. The Purple Pocket Book is a domestic violence app for the state of Georgia that helps the victims to find shelter locations, legal assistance as well as questionnaire to determine if someone is in a potential abusive situation. It aims not only to aid the victims but also to prevent others to become one and to extend its helping hand throughout the whole country.
Forever Homes for Foster Care promotes the non- profit organization, Find Families in Mexico, that helps the foster children to find their biological families giving them another chance in their lives. Banana Wave is the Future campaign features an innovation of producing milk- like beverage from bananas. Sounds amazing, right? With this project, vegetarians, gluten- free eaters and lactose- intolerant can now enjoy the taste and creaminess of milk with Banana- wave beverage. This project is on its final stages and seeking for help to formally launch it in the market. Lulla Doll: Sleep Companion for Babies & Toddlers is a doll that records the breathing and heart of a mother at rest providing a sense of security for the child helping him / her to fall into deep and restful sleep. The doll’s material can also absorb the scent of the parent helping the child gets familiar with it. Lulla Doll is best for premature babies to begin the bonding process with their parents. All of these campaigns can contribute to our society once they are all up and running or available to the market. With crowd funding, these projects will push through bringing success to its creators and the society will reap benefits from it.
Nikki Hoard, the founder of the PASH Foundation, is seeking donations for ‘A Culinary Affair’, a November 14th fundraising event benefiting the victims and families of Alzheimer’s disease. She created the PASH Foundation in honor of her mother who passed away in 2009 at the age of 60 after being diagnosed with the disease at the age of 54. As a result of the disease, Nikki’s mother was no longer able to speak, recognize any family or friends, eat, drink, and all of her internal organs had shut down.
After losing her mother to the disease, Nikki has made it her mission to save lives by creating awareness, educating people on Alzheimer’s prevention strategies and raising money to build a facility that will cater to people diagnosed with Alzheimer’s disease, stroke victims, and other patients who need assistance.