Tagged With crowdfunding

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Crowdfunding campaigns are effective ways for people to help others in need. But news that a couple conspired with a homeless man to create a heartwarming Good Samaritan story to scam people out of money highlights the importance of vetting viral feel-good stories before donating.

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Whether you're a fan of an indie artist or a creator looking to make a bit of dough, it's time to find out more about the sites that can help you support the work you love (or get supported for doing the work you love). Sure, you could buy a band's shirt, or a piece of art from your favourite water-colourist, but if you want to do your part to help your favourite starving artist fill their coffers so they can continue to create more of the stuff they love, you can use these sites to provide a more steady and secure stream of income. Every little bit helps, after all.

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OSSIC set out to create a set of 3D headphones that delivered the best possible sound as they calibrated output that took into account your anatomy, the environment you're in a a bunch of other data using some whizz-bang technology and algorithms. But, despite reading a stack of money, the Kickstarter has shut down, saying they needed more money to move from a proof pf concept to production. That's despite raising in excess of US$2.7M after seeking a modest target of "just" $100,000.

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Artist funding platform Patreon is making some changes to the way it deals with patron pledges and it's already costing both creators and their supporters more than they'd like. The change to Patreon's transaction fees will guarantee creators receive 95 per cent of the amount committed by patrons to their creative work. Unfortunately, that also means patrons will be charged more for their pledges -- and as a result, some patrons are reducing or cancelling their pledges.

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Crowdfunding sites such as Kickstarter and Indiegogo are a great way to get new inventions off the ground -- but for every success story there are countless far-fetched pipe dreams that crashed and burned. If you're currently sitting on a product idea that you think has mass appeal, it pays to see what the market is currently funding. This infographic counts down the 13 biggest success stories of 2015: from the bee hive "honey tap" to a card game about exploding kittens.