Tag Archives: Indiegogo

In defence of the middleman: There is more to intermediaries than fees

KICKSTARTER just won an Oscar. This year’s prize for best short documentary went to crowdfunded Inocente. More than 290 backers contributed $50,000 (£32,900) to pay for its post-production.

Around one in 10 of the films at last year’s Cannes film festival were crowdfunded, but it is far more than a great new way to raise financing for art projects. Jeff Lynn’s FSA-regulated Seedrs is aggregating seed capital for startups through its online platform, and Petridish lets scientific researchers bid for backers.

But there is also a danger in the crowdfunding goldrush. At least part of its attraction stems from a false dream: the elimination of middlemen. Continue reading

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Filed under Business, Economics, History, Human nature, Innovation

Osborne isn’t the cat’s whiskers but we don’t have to give up on austerity

AS THE UK economy skids towards a triple-dip recession, many are looking at George Osborne and his plan A and wondering whether someone else could do better. Osborne’s own cat Freya, for instance. If we saved on Osborne’s salary and, in a spirit of austerity, paid his replacement with Whiskas and the occasional catnip chew toy, would we notice any difference in the quality of decision-making? Continue reading

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Filed under Economics, Freedom, Politics