As the Internet becomes a more prolific force in the lives of more humans we are definitely going to see greater collaboration using internet enabled platforms. Peter Diamandis speaks of the rising billions in terms of the emerging world’s citizens who are gaining access to the internet. This is extremely exciting as greater access to the internet allows people to collaborate more efficiently. Essentially crowdfunding is human collaboration enabled by Technology. Crowdfunding gives people opportunities that may not have been possible prior to the internet. It is extremely exciting to think about how this can positively affect the emerging world.
If we take a closer look at crowdfunding we will see that this is not a new idea, humans have been collaborating for centuries. Examples of pre-internet crowdfunding are:
- Praenumeration: Subscription business model used to gauge demand before printing books in the 28th century. Not exactly crowdfunding but similar in terms of getting the crowds approval.
- War Bonds: This is essentially the crowd funding war
- Statue of Liberty Base: Joseph Pulitzer’s New York World, raised $102,000 in 1885 from 120,000 donors, with 80 percent of the total received in sums of less than one dollar.
- Rotating savings and credit association’s, or ROSCA: There are many examples across the world where groups of people get together to pool money for particular purposes.
The foundation of crowdfunding via the internet though can be traced to the British rock group Marillion who in 1997 used donations from fans to pay for their US tour. In the same year writer/director Mark Tapio Kines designed a website to raise funds for his then-unfinished first feature film Foreign Correspondents. It was not really until 2003 when Brian Camelio, a Boston musician and computer programmer, launched ArtistShare that crowdfunding really started gaining traction. Maria Schneider’s jazz album “Concert in a Garden.” was the first project on ArtistShare and the campaign raised about $130,000. She won a 2005 Grammy Award for best large jazz ensemble album. This was the birth of rewards based crowdfunding and sites that we know such as Indiegogo and Kickstarter launched in 2008 and 2009.
Debt Based crowdfunding saw its roots prior to the establishment of these rewards based platforms with the establishment of Zopa in the UK in 2004/5 and Lending Club in the USA in 2006. The use of the internet to facilitate the collection of donations was in place long before donation based crowdfunding emerged in 2010 with the launch of GoFundMe, which has raised over $2Billion to date.
In terms of Equity crowdfunding most information you can find focuses on the Jobs Act and America’s process to equity crowdfunding, EquityNet was founded in 2005 for accredited investors. You may not know that ASSOB took equity investing online in 2005 in Australia or that Crowdcube (founded 2010) and Seedrs (founded 2009) out of the UK are two of the most successful platforms for every man on the street.
This was a quick history and I have tried to make sure that it is as factually correct as possible. If I have made mistakes please comment about it.
This is most likely a good place to mention that I an working for a real estate crowdfunding company and together with some others based in Africa we have established the African Crowdfunding Association (ACfA) as a way to educate more and ensure that crowdfunding can impact Africa in a positive way!!!
Cape Town is a beautiful city and given that I am still a fairly new resident, I am still in an exploratory mode (this is something I hope to keep doing). While walking through the streets andbeing inspired by the buildings I took the picture that has become “Up St Georges Mall”. We were in Cape Town at around 4pm then this was taken. I will definitely have more striated skies depicting different parts of Cape Town as there is so much to offer in this beautiful city. The city has its origins from 1652, with the arrival of the Dutch VOC, when Cape was set up as a refresher station for ships going to the east. For a history of Cape Town you can visit here or here.
St Georges Mall is a walking street that runs from Wale street over Strand street (Strand means beach in dutch and this is approximately where the beach used to be) up to Riebeek street. The Photograph for “Up St Georges Mall” was taken from Wale street in front of the steps of St Georges Cathedral.
TheMother City, as Cape Town is affectionately known, is a must visit for anyone from anywhere. I suggest that you come around February as this is when the weather is actually the best and most holiday makers are gone thus it will be more authentic.
In 2014 while busy with my Thesis I found a great distraction; editing photographs by taking out the sky portion and replacing it with parallel stripes. I started on a photo taken of Table Mountain in 2011. The photo was taken from the boat that we were taking to visit Robben Island. I loved the way that it turned out and decided to make more. I had the idea of creating a piece for each of the cities that I had visited, and given that we were living in East London, I decided to take a picture of the harbour and created the picture below.
With this being a great distraction, I often found myself spending hours editing photographs to create, what I have decided to term, Striated Skies. Pictured below is the bridge going into KZN that was taken on my Honeymoon, a picture of Garlic fields near Meiringspoort and one of the ‘hogs’ of Hogsback
I came up with the name ‘Striated Skies’ by looking for a synonym for stripe. The definitions are below.
1. a linear mark, slight ridge, or groove on a surface, often one of a number of similar parallel features.
1. striped or streaked.
1. marked with stria
To date I have created a number of pieces, that are shown below, but for 2015 I wanted to do something for the entire year.
Now that I have completed my formal studies, I have spare time on my hands. I will be creating a Striated Sky piece each week for 2015, so come back each Sunday to see the new addition to my collection.
It has been a long time since I have posted a blog here due to the fact that in January this year I enrolled at NMMU Business school for an MBA. The degree is of course taking up a large portion of my time hence why I only got to day 5 of Lauren and my Cape Town trip.
The NMMU MBA is a Block Release course that runs over 3 years. The core modules are listed below. Those that are blue I have already completed, those that are red I am currently busy with and will write exams in August. Those in green I will start in September this year
The core modules include:
- Marketing Management
- Organisational Behaviour
- Financial Management
- International Management
- Management Accounting Aspects
- Quantitative Techniques for Management
- Operations Management
- Research Methodology
- Management Economics
- Human Resource Strategies
- Strategic Management
- Leadership Project
On top of the MBA Lauren and I have embarked on the adventure of our own company, well actually Lauren has started a company which I will sork for hopefully in the future :-). The company that Lauren has started in called SIMPLISTIC Retail and the FunctioninART brand is my passion.
FunctioninART is a brand that will make furniture and Home Decor items that incorporate artist canvases and artwork as part of the design. We are currently in the prototype phase of development.
Watch this space as we move forward with the company.
Good time on a Saturday afternoon 🙂