“It's true hard work never killed anybody, but I figure, why take the chance?” – Ronald Reagan
A few days ago I read the article, “Is ‘crowdfunding’ really the way ahead for author advances?” on guardian.co.uk. Until then I had never heard of the term.
Wikipedia’s definition is:
"Crowd funding (sometimes called crowd financing or crowd sourced capital), inspired by crowdsourcing, describes the collective cooperation, attention and trust by people who network and pool their money together, usually via the Internet, in order to support efforts initiated by other people or organizations. Crowdfunding occurs for any variety of purposes, from disaster relief to citizen journalism to artists seeking support from fans, to political campaigns."
Whether the correct form is crowdfunding or crowd funding, my definition, after reading the article, is simply online panhandling.
Deanna Zandt is an author whose day job interfered with her desire to work fulltime on a book about social networking as a tool for social change so she issued a plea on her blog for funds.
According to the article:
“Zandt has a publisher for this book, Berret Koehler, but they do not provide authors with advances to write their books. For some (unexplained, especially as the book is due to be published in June 2010) reason the book is "incredibly fast-tracked" and so she needed "to stop working as a consultant for the next three months and do nothing but write the book. Thus, I need investors. I need you to help me raise $15,000 to cover my expenses, travel, and research. Please toss some money into a 'Feed Deanna' pot!"
“Surprisingly, perhaps, Zandt had reasonable success with her call out for "investors" (although there is no payoff for donors other than a copy of the book for those who donate more than $100. And a nice warm feeling inside, of course). She raised more than $6,500, somebody covered her rent, and a pizza company provided free snacks."
What I find most shocking is that there are people out there willing to contribute. Don’t get me wrong, I’m all for helping out a worthy cause. However feeding someone who is perfectly able to feed themselves but prefers not to, does not exactly meet my definition of “worthy.”
I also understand how someone would rather spend time writing than at the job that actually feeds them, but again that does not seem qualify as a “worthy cause,” especially when there are so many actual needy people.
How do you feel about crowd funding? Are you willing to help support someone you are not related to so that they can take time off to pursue their writing career? For anyone who may have answered “Yes” to that last question, have I mentioned that my publisher, ArcheBooks, does not offer advances either?
If you would like to read the entire article, you can find it here.
Thanks for stopping by.
Tags: Reagan, crowdfunding, Panhandling, Deanna Zandt, crowd funding, ArcheBooks,
A few days ago I read the article, “Is ‘crowdfunding’ really the way ahead for author advances?” on guardian.co.uk. Until then I had never heard of the term.Wikipedia’s definition is:
"Crowd funding (sometimes called crowd financing or crowd sourced capital), inspired by crowdsourcing, describes the collective cooperation, attention and trust by people who network and pool their money together, usually via the Internet, in order to support efforts initiated by other people or organizations. Crowdfunding occurs for any variety of purposes, from disaster relief to citizen journalism to artists seeking support from fans, to political campaigns."
Whether the correct form is crowdfunding or crowd funding, my definition, after reading the article, is simply online panhandling.
Deanna Zandt is an author whose day job interfered with her desire to work fulltime on a book about social networking as a tool for social change so she issued a plea on her blog for funds.
According to the article:
“Zandt has a publisher for this book, Berret Koehler, but they do not provide authors with advances to write their books. For some (unexplained, especially as the book is due to be published in June 2010) reason the book is "incredibly fast-tracked" and so she needed "to stop working as a consultant for the next three months and do nothing but write the book. Thus, I need investors. I need you to help me raise $15,000 to cover my expenses, travel, and research. Please toss some money into a 'Feed Deanna' pot!"
“Surprisingly, perhaps, Zandt had reasonable success with her call out for "investors" (although there is no payoff for donors other than a copy of the book for those who donate more than $100. And a nice warm feeling inside, of course). She raised more than $6,500, somebody covered her rent, and a pizza company provided free snacks."
What I find most shocking is that there are people out there willing to contribute. Don’t get me wrong, I’m all for helping out a worthy cause. However feeding someone who is perfectly able to feed themselves but prefers not to, does not exactly meet my definition of “worthy.”
I also understand how someone would rather spend time writing than at the job that actually feeds them, but again that does not seem qualify as a “worthy cause,” especially when there are so many actual needy people.
How do you feel about crowd funding? Are you willing to help support someone you are not related to so that they can take time off to pursue their writing career? For anyone who may have answered “Yes” to that last question, have I mentioned that my publisher, ArcheBooks, does not offer advances either?
If you would like to read the entire article, you can find it here.
Thanks for stopping by.
Tags: Reagan, crowdfunding, Panhandling, Deanna Zandt, crowd funding, ArcheBooks,











