That’s worth, very roughly, $1.2 billion a year worldwide per year. Within that subset, I’ve been looking at civic projects, people who are producing shared goods for a community or broader public. These projects build on histories of community fundraising and resource pooling that long predate the Internet; what’s changed is that we’ve created a scalable, portable platform model to carry out these existing practices.
So how is civic crowdfunding doing? When I started this project very few people were using that term. No one had done any aggregated data collection and published it. So I decided to take on that task. I collected data on 1224 projects between 2010 and March 2014, which raised $10.74 million in just over three years. I focused on seven platforms: Catarse (Brazil), Citizinvestor (US), Goteo (Spain), IOBY (US), Kickstarter (US), Neighbor.ly (US), and Spacehive (UK). I didn’t collect everything. There’s a new crowdfunding site every week that may or may not have a few civic projects on it. If you’re interested in my methodology, check out Chapter 2. I don’t pretend to have captured every civic project that has ever existed, but I’m working with a representative sample.
Here are four things I found out about civic crowdfunding.
- Civic crowdfunding is small-scale but relatively successful, and it has big ambitions. …
- Civic crowdfunding started as a hobby for green space projects by local non-profits, but larger organizations are getting involved. …
- Civic crowdfunding is concentrated in cities (especially those where platforms are based). …
- Civic crowdfunding has the same highly unequal distributional tendencies as other crowd markets. …”