Alternative Funding Models for Civic Projects- Rodrigo Davies
-
Upload
code-for-america -
Category
Government & Nonprofit
-
view
234 -
download
1
description
Transcript of Alternative Funding Models for Civic Projects- Rodrigo Davies
![Page 1: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/1.jpg)
Civic Crowdfunding: Four Things We Know, Two Things We Don’t
RODRIGO DAVIES Center for Work, Technology and Organizations Stanford University @rodrigodavies civiccrowdfunding.com
![Page 2: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/2.jpg)
The Field
Four Things We Know
Two Things We Don’t
Four Models of Engagement
![Page 3: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/3.jpg)
$1.2M $1.4M
$10M
Crowdfunding is Everywhere.
![Page 4: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/4.jpg)
Donation platforms: $1.2 billion
Crowdfunding raised $6 billion globally in 2013
(Deloitte)
![Page 5: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/5.jpg)
Civic Crowdfunding = crowdfunding projects that produce public or quasi-public goods
![Page 6: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/6.jpg)
Crowdfunding + civic projects =
Crowdfunding platform
Community groups
Local business
Individuals
Foundations
Corporates
Government
Campaign manager
Community service
![Page 7: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/7.jpg)
Public Entrepreneurship
Studies have “repeatedly found communities of individuals in urban and rural areas who have self-organized to provide and co-produce surprisingly good local services given the constraints that they face.”
!Ostrom, Unlocking Public Entrepreneurship
![Page 8: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/8.jpg)
March-August 1885 !Raised $100,000 !120,000 donors !Central collection point !Daily accounts !Populist rhetoric
Pulitzer
![Page 9: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/9.jpg)
The Field
![Page 10: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/10.jpg)
Project Case Studies
$40k $99k
$314k
![Page 11: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/11.jpg)
2000
2008
2009
2011
2012
2010
2007
2006
2005
2004
2003
2002
2001
PayPal IPO
PayPal launches Merchant Services
Donors Choose becomes self-financing
Amazon Payments launches
WePay founded
Elevation Dock raises $1M
Avaaz, change.org founded
Facebook exceeds 300M users
![Page 12: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/12.jpg)
Model convergence
4-5% platform fee 3-5% payment processing Time Limited All or Nothing / Flexible
![Page 13: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/13.jpg)
1,224 project campaigns 2010 – 03/2014 771 successfully funded projects $10.74 million raised (completed projects) 113,468 pledges recorded (for all projects) Median pledge to all projects is $62 Median fundraising goal: $8,000 Median raised by completed projects: $6,357
![Page 14: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/14.jpg)
Civic Platforms (CP)
Citizinvestor IOBY Neighbor.ly Spacehive
Catarse Goteo Kickstarter
Generic Platforms (GP)
![Page 15: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/15.jpg)
CP Platforms are smaller, but growing.
![Page 16: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/16.jpg)
Civic Projects Look Promising.
Civic Success Rate: 81% Average Success Rate: 44%
![Page 17: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/17.jpg)
86% of projects raise less than $20,000
![Page 18: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/18.jpg)
![Page 19: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/19.jpg)
![Page 20: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/20.jpg)
Mill Creek Urban Farm Philadelphia, PA Raised $2,039 45 donors Established 501(c)(3)
![Page 21: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/21.jpg)
civiccrowdfunding.com
bit.ly/civiccrowdfunding-davies
![Page 22: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/22.jpg)
Four Things We Know
![Page 23: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/23.jpg)
Civic Crowdfunding is small-scale, but it has big ambitions. !It started as a hobby for garden / park projects by local non-profits, but larger organizations are getting involved. !It’s concentrated in cities (especially those where platforms are based). !It has the same distributional tendencies as other crowd markets, but possibly with higher success rates.
1
2
3
4
![Page 24: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/24.jpg)
Two Things We Don’t
![Page 25: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/25.jpg)
Will Civic Crowdfunding deter investment in the long term? !
As Civic Crowdfunding expands, will richer communities benefit more?
1
2
![Page 26: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/26.jpg)
Where Do We Go From Here?
![Page 27: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/27.jpg)
Better Data
CC @Alonzo
![Page 28: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/28.jpg)
Socially-Grounded Research
CC @Vianz
![Page 29: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/29.jpg)
Four Models of Engagement
![Page 30: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/30.jpg)
Curator
![Page 31: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/31.jpg)
Sponsor
![Page 32: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/32.jpg)
Facilitator
![Page 33: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/33.jpg)
Platform
![Page 34: Alternative Funding Models for Civic Projects- Rodrigo Davies](https://reader037.fdocuments.net/reader037/viewer/2022110310/55942e261a28ab3d3d8b459a/html5/thumbnails/34.jpg)
"How Cities Can Crowdfund: Models of Engagement" in Almirall and Cohen (eds.), Open Innovation as a Driver for Smart Cities. New York: Springer.