Disclosure: Wealth Migrate is a client of Crowdsourcing.org / Massolution.
Crowd-powered businesses are revolutionizing many industries, from hotels and taxis, to software quality assurance and market testing. Now, there are signs that real estate may be the next big industry to feel the crowd’s effects.
Real estate crowdfunding is certainly en vogue. The number of platforms is growing, more investors are showing interest, and the industry is expected to raise over $2.5 billion this year, according to the latest figures from our sister firm Massolution.
One of the clearest signs that crowdfunding for real estate is beginning to enter the mainstream is that it was one of the biggest topics at the premiere real estate conference MIPIM, which took place last week in France.
The global real estate platform Wealth Migrate had a great presence at the conference, with the founder Scott Picken taking part in the panel ‘Crowdfunding: Industry game-changer?’ alongside other leaders in the field. You can watch the discussion, which discusses where crowdfunding for real estate can make a big impact and how to get around potential transparency issues, among many other topics, below.
As the founder of a potentially highly disruptive firm, Picken also pitched global real estate to a panel of distinguished judges at the panel ‘Digital economy challenges real estate sector: Disruptors at the door.’ You can watch his impassioned presentation below.
Don’t miss your chance to get the latest facts on real estate crowdfunding — order Massolution’s 2015CF-RE Crowdfunding for Real Estate report today!Read More →
German startup Protonet, which last year raised just over $4 million via Seedmatch for its secure server product for SMEs — 8x more crowdfunding than it had originally sought — has cooked up a new initiative, and this time it’s a not-for-profit campaign lobbying for a change in European law to open up access to an individual’s personal data held by digital platforms… Read More
Around this time of year, we start to see predictions about technology innovations we can expect to see in the 12 months ahead. As 2015 actually marks the halfway point through the decade, let’s take a longer-term look at the breakthroughs we’ve seen in the first half of the 2010s, and what those may make possible in the second half. Read More
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Malaysia is currently affected by the worst floods in a decade, with as many a quarter million people displaced from their homes, according to Reuters. The flooding has killed 21 people in the country’s Northeast, which was hit hardest.
Countries, corporations, and organizations have opened up their wallets in order to aid those affected by the disaster. And now, the platform FundedByMe is asking the crowd to pitch in whatever they can to help the victims of the flooding.
It’s an international effort, with Stockholm-based FundedByMe joining forces with the South Korean messaging app Between and the online publication Vulcan Post joining hands to promote the campaign.
The goal is to raise a fairly modest amount of €6250 ($7600), with the deadline coming up in 12 days. The proceeds will all go to the non-profit organization Mercy Malaysia, which is currently raising money for the flood relief efforts. FundedByMe is waiving its fees for this campaign (though there will still be payment processing fees of roughly two percent).
“We would like to express our deepest appreciation to the supporters who will generously come forward to provide monetary assistance, donation in kind as well as human resources on location,” the campaign page reads.
So far, only 13 individuals have contributed a total of €300, though there is time yet for others to pitch in.
There are other campaigns for the disaster relief effort — on Indiegogo, for example — which are also claiming to be raising money for the victims. While these may also be legitimate efforts, it’s always a good idea to back the campaigns that have a plan to distribute the money to a specific organization, and that are backed by companies that ensure the money gets to the right people.Read More →