Study shows public tired of crowd funding ventures
Over the decades there have been a number of different methods available for people to consider if they needed to raise money for a venture or a good cause. In recent years, one method of raising money that has become increasingly popular is crowd funding. The popularity of this method has surged because we spend more and more of our time interacting with people online and this has enabled people to put out requests to the masses simply with a few clicks of the mouse and via the various crowd funding websites and companies that have been set up.
However, while crowd funding may have seemed like a good idea when it first emerged there are many people who are now becoming fed up of constant requests for funding. Some people have said that they receive requests not just for good causes or ventures that could help to improve the world but for people who simply want help towards paying off debt, going on holiday, and who want to splash out on other luxuries for themselves.
People should work for their money
One editor from New York explained that he used to give donations to good causes but soon found himself being bombarded with requests for donations from people who wanted the money to splash out on themselves. People who have Facebook and email accounts often find themselves in familiar situations with everyone from friends and family members to complete strangers requesting donations.
One Alaskan basketball player, Damen Bell-Holter, said that before crowd funding became so popular, people worked for their money in order to splash out on luxuries. However, these days many were simply sitting at their computers, going online and asking others to simply give them the money they want. He said he realized that in some cases donation requests were legitimate and for good causes but in other cases it was just a case of sheer laziness on the part of the person requesting donations.
The crowd funding industry is now worth $34 billion according to reports, and a number of companies have emerged to help people to raise the money they need such as GoFundMe and Indiegogo amongst others. They have helped many people to raise huge amounts of cash but in some cases the cash has been used for nothing more than personal gain by those requesting it. Even celebrities have become involved with the girl band TLC having raised nearly half a million dollars from fans to bring out a new album – and then not releasing one.