On 2/19/07, sull <[EMAIL PROTECTED]> wrote: > Hey Mike, > > I remember finding PledgeBank.com. > I mentioned it on the HMWV list: > <http://groups.google.com/group/hmwv/browse_thread/thread/cbe351cc79e980d0/>
Funny, I must see if I'm subscribed to HMWV because I did a gmail search and found no mention of it in past emails. > I like your ideas and they are inline with what I was working towards over > on fundavlog.com experiment which was to be a companion service to HMWV. > > As for why the Crowdfunding wikipedia article got renamed... this happened > just the other day because the article was suddenly marked for deletion. > Instead, another wikipedia user went ahead and redirected it to a new Name - > P2P Funding, which I do not like either. PeerFunding isnt bad. I think > Crowdfunding works just as Crowdsourcing works. But Wikipedians are anal > about new terms (http://en.wikipedia.org/wiki/Neologism). Well, it's certainly not P2P funding. Was there something artlcle there before? How about I redirect it to crowdfunding. You could move it over to the new videoblogging pbwiki. I think it's a much better home for it. I'm not sure about the longevity of anything that hasn't been googled about 100,000 times on wikipedia. Sooner or later someone is going to get a bug up their wazoo for deleting it. -Mike > Though I have shifted focus since last summer (fundavlog), I still see much > potential in these progressive types of fundraising experiments. > Sull > > > On 2/19/07, Mike Meiser <[EMAIL PROTECTED]> wrote: > > > > Howdy All, > > > > Was just doing some research on social capital and I stumbled upon > > Pledgebank.com. Excitement ensues... > > > > It occurs to me that while it could be used as an even more open > > alternative to HaveMoneyWillVlog it could also be used quite > > effectively in tandem with havemoneywillvlog. > > > > I'm extremely interested in the relationship of social capital and > > economic capital. Which is to say the intangible combined assets of a > > community such as trust, connectivity, etc, etc... and the > > relationship between actual monetary capital. > > > > HaveMoneyWillVlog has been a great experiment. I wonder however if it > > can't be replicated in a more distributed manner, and encourage more > > creative, more fun... even a game like atmosphere. > > > > My thoughts are as follows... skip down further for a fun example of > > how pledgebank and havemoneywillvlog might combine to create more > > creative fundraising. > > > > 1) Pledgebank is extremely interesting because unlike > > HaveMoneyWillVlog ANY enterprising person can take the initiative and > > start a pledge of their choice. For example... "I'll pledge $1000 to X > > project if 50 other people pledge $10 or more." > > > > In this means a whole organic model for fund raising may be created. > > All a project needs is a great sponsor or patron to take the > > initiative. Eventually expertise and best practices will evolve. > > > > In other words pledgebank is *flexible* enough and *open* enough to > > handle wide experimentation necessary for innovation in this new field > > of P2P funding. > > > > 2) Pledging to raise not just money but alternative "social capital" > > for a project in the form of visibility, advertising, promotion, or > > anything you can dream up. > > > > Projects can be promoted through distributed means... blogging, shared > > banners, email... each one of these channels can signify the trust of > > the person promting it truely reflecting the communities social > > capital/trust/karma and buy in. > > > > Think of promoting a pledge as karma points (aka. whuffie, a Corey > > Doctorow term, see wikipedia)... these links being a symbolic currency > > of social capital, while that actual money is a the tangible > > monetization of that capital.... In that way the correlation between > > the two can be endlessly explored and capitalized on... explored to > > the point of gaming. > > > > For example, "I'll pledge $1 to X project for everyone who blogs about > > the project." > > > > This creative exploration between social capital and economic capital > > could compound the effectiveness of campaigns to fund projects. :) > > > > Again... this is not something that can currently be done with the > > rigid havemoneywillvlog alone... all one can do is donate... or blog > > about donating... and that's no fun. :) > > > > 3) ownership... pledgebank, because anyone can get creative with > > pledging, allows more sense of ownership and involvement, more buy in > > from the community since members know they to can start pledges and > > not just buy in or agreeing to the intial contract... but BUILD on it. > > In essence getting creative with pledges can be a spirited part of > > the game of fund raising itself keeping people involved in the process > > until funding goals are met. > > > > 4) Transparency = following through. I've heard many say that people > > often welch on their pledges... this is the reason why > > havemoneywillvlog processes money up front. While to some degree I do > > agree with this premise I also would like to note that Pledgebank is > > transparent... it shows who pledges what. This transparency (and a > > little public scrutiny) should ensure follow through. > > > > 5) Pledgebank can have pledges on pledges... you could create another > > pledge on someone elses pledge to encourage the main pledge... For > > example the main pledge might be... "I will pledge $1000 if 100 others > > pledge at least $10"... and another person may pledge, "I will pledge > > $100 if four other people will plege $100". This also illustrates how > > Pledgebank can be used in tandem with HaveMoneyWillVlog... which is > > maybe the best thing about it of all. > > > > 6) Pledgebank and HaveMoneyWillVlog in tandem! As the above point > > illustrates anyone could create a pledge on a HaveMoneyWillVlog > > campaign to add an additional incentive to the pot, Pledgebank need > > not be just an alternative to HaveMoneyWillVlog. > > > > 7) Non-monetary pledges - In fact a pledge may not have anthing to dow > > with money at all. Someone might pledge a peace of equipment to the > > project, or some other promotional resource... I.E. "I'll pledge the > > use of my camera, if someone else pledges the use the use of their > > car." Or "I'll pledge to work on this project on Saturday and Sunday, > > if someone can help on Monday." Or "I'll pledge to cover the plane > > ticket if someone else pledges to cover the hotel room." > > > > 8) Reputation & Reciprocity.... it would be interesting if someone > > could create a "flickr of pledging" where members could build > > reputations for pledging, promoting, and creating successful pledges > > building more transparency and value into the system and encouraging > > reciprocation of good deeds. > > > > I picture some day a site like blip or mefeedia having such a system > > built in. So called "projects" sort of like flickr groups, but not > > aimed at simply curating, but collaboratively creating. These > > projects might not only have collaborative tools like rough cut > > editing and a library of media... maybe wiki space... but also other > > tools like fundraising & pledging... maybe one day like a project > > management site time lines, goals, milestones and other goodies as > > well. > > > > SO, how would this work... a little scenario... > > > > Coming back down to earth here's how I envision Pledgebank working > > with HaveMoneyWillVlog. > > > > 1) a standard project is promoted for funding on havemoneywill vlog, > > like the current project. :) > > > > 2) a big fan / patron of that project pledges on Pledgebank.com some > > seeder capital like $500 if 100 other people will pledge $10 or > > more... they tell HaveMoneyWillVlog people about it. > > > > 3) The HaveMoneyWillVlog people blog about it on their homepage > > promoting the person that promotes them. > > > > 4) Another project fan comes along and starts a Pledgebank.com pledge > > that they'll give $5 (max $100) to the HaveMoneyWillVlog project for > > each person who blogs 500 words or more about the project, bonus > > points for adding video and images. They tell HaveMoneyWillVlog about > > their pledge. > > > > 5) HaveMoneyWillVlog blogs about the pledge to promote the project > > making their first buck of the pledge, and ten other people > > immediately follow suit. :) > > > > 6) Another person pledges $5 to the project (max $20) for everyone who > > makes a banner and and blogs about it.... Each one of those people > > who make banners and blog them thus make $6 a piece by blogging about > > it because of the combination of pledges they're fulfilling. Pledges > > are now compounding. > > > > 7) HaveMoneyWillVlog continues to blog about the ensuing fun and chaos > > as do others... furthering the publicity for the project and > > attracting more attention.... the fundraising has become a game unto > > itself. > > > > 8) Meanwhile emails and IM begin to flow back and forth between people > > reminding each other to sign the pledges as post proof of their > > accomplishments as they complete them. > > > > 9) Another user comes along and creates a pledge for anyone willing to > > post the newly made banners to their side bar to encourage that the > > banners get seen. The banners eventually end up on thousands of > > sites. > > > > 10) As pledges get fulfilled the actual funding on HaveMoneyWillVlog > > becomes a record of who's pledgine what and why documenting the > > various pledges and their success. > > > > 11) Another user creates a pledge for anyone on Youtube who will > > create a videos about the project or post the project videos to their > > youtube account. Chaos begins to spill into myspace.... later > > flickr... and soon people are using PledgeBank to put "bounties" on > > other social networks. > > > > 11) Pledges get more creative... the process of pledging and raising > > money has become a game into itself, simultaneously creating > > awareness, visibility, building trust and social capital while raising > > money... many are contributing more time than money... some are > > contributing more money then time... all are having fun. People are > > encouraged to not only open their pocketbooks but also to use their > > creativity and bring other assets and skills they may have into the > > game. > > > > So... the concept is... to have a flexible enough funding system to > > encourage games that build visibility, enjoyment, alternative and > > creative resourcing, while all the time building trust. > > > > Why... because simply donating to havemoneywillvlog is BORING... and > > if you don't have money or have already donated money there's little > > to no encouragement for you to contribute in other more creative ways. > > > > I just wonder if a "donation fatigue" will set in like some said after > > 9/11 and new orleans and the tsunami... or wether this could be a new > > and sustainable new form of funding. > > > > I personally have a favorite podcast called WholeWheatRadio that I > > absolutely love and miss and want to encourage to podcast again... and > > while I was wondering what $50 bucks would get me... I'm thinking > > maybe with PledgeBank my $50 can find 100 more people who will pledge > > $10 or more. > > > > BTW, I have added Pledgebank.com to the article sull started on > > crowdfunding, aka. p2p funding on wikipedia. > > > > http://en.wikipedia.org/wiki/P2P_Funding > > > > BTW, I don't know how it became named P2P funding but it's a most > > unforetunate name. PeerFunding might be better. The reason is that P2P > > networks have no social capital... they're black markets. They exist > > in the cloak of obscurity and therefore gain none of the advantages of > > an open, lightnet, social network. > > > > Peace, > > > > -Mike > > mmeiser.com/blog > > mefeedia.com > > > > > > > > -- > Sull > http://vlogdir.com (a project) > http://SpreadTheMedia.org (my blog) > http://interdigitate.com (otherly) > > > [Non-text portions of this message have been removed] > > > > > Yahoo! Groups Links > > > >
