Crowd-Slide-Secrecy

Career Advice: Mix it up!

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As printed in The Vancouver Sun  |  By Eyal Lichtmann  |  September 11, 2015

As companies become more about brands than products, non-profit expertise is key

Even for those of us mid-career, back to school time is a period of reflection and nostalgia. Across a couple of decades in the working world, I have been in a position of mentoring and offering career advice to younger people. Everyone’s path is different. Everybody has a different range of motivators – money, mission, adventure, variety. But there is one piece of advice I offer to almost every young person who asks me: Mix it up.

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BidOkee Viatec Award

BidOkee DIY Crowdfunding MVP Shortlisted for Viatec Award

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The BidOkee team is thrilled that out project has been selected among five finalists for the Viatec Technology Awards in the category of Technology Strategy of the Year. Our developer-partners, Caorda Solutions, entered our project for consideration and we are stoked to be chosen as a finalist.

The awards celebrate the achievements of technology companies responsible for making Greater Victoria the fastest growing technology region in B.C., as well as the educators, creators and innovators that support this sector.

The Strategy of the Year award recognizes the best strategy implemented by or for a Greater Victoria organization. The judges will consider impact and results achieved from the underlying strategy.

BidOkee’s DIY crowdfunding platform was submitted as a MVP project – minimal viable product – as we develop a SaaS model – “software as a service” (try to keep up with the acronyms) – to disrupt the rewards-based crowdfunding industry. (more…)

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Social-Currency

Crowdfunding growth creates challenges

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Crowdfunding growth creates challenges

Crowdfunding is experiencing stunning growth – 167% growth in 2014 alone. But with that kind of growth can come growing pains.

For crowdfunding, though, the pains are especially acute, because the industry is expanding at a rate almost unheard of in history.

This means that crowdfunding sites – the platforms upon which the vast majority of crowdfunding campaigns take place – understandably have trouble keeping up with the quickly shifting landscape. The challenge is how to keep up with the proliferation of new technologies and services that consumers demand – particularly those that deliver greater freedom and control for the user.

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Social-Currency

BidOkee is big on social currency with DIY crowdfunding

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BidOkee is revolutionizing crowdfunding.

We are building a do-it-yourself crowdfunding platform to let anyone create their own, stand-alone, customized crowdfunding site.

And we’re building in gamification, e-commerce and multiple revenue streams beyond direct pledges to share with each campaign. Our goal is to be sharing $100 million annually with our campaigners. It is sort of like a cooperative model.

One of the ways we are fomenting revolution is through the building of network value and social currency.

In traditional crowdfunding, backers are only as good as their wallets. BidOkee wants to open crowdfunding up to everyone. To do this, we have created a “give or get” DIY crowdfunding model. Backers can pledge their own money or get friends to do so.

If backers have thousands of followers on Facebook, LinkedIn, G+, Twitter or YouTube, they are influencers and provide a network value – and should be rewarded for it.

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Social-Currency

BidOkee’s Gamified DIY Crowdfunding – The Rise of the Cooperative Model

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The future of crowdfunding will be powered
by a cooperative DIY SaaS system model that resolves numerous pain points in the crowdfunding industry.

BidOkee provides the freedom to develop stand-alone, branded, customizable DIY crowdfunding sites that integrate seamlessly with ecommerce and etail platforms, and incorporate loyalty programs, gamified features and a revenue sharing model.

Vancouver-based Quilageo Inc. has launched a prototype version of the world’s first gamified crowdfunding platform called BidOkee.

Scott Steinberg, author of The Crowdfunding Bible, featured BidOkee on NewsWatch TV. As Scott declares, “this could change crowdfunding as we know it.”

“There is massive proliferation of crowdfunding sites,” says Eyal Lichtmann, CEO of Quilageo. “There are over 450 crowdfunding platforms worldwide and hundreds of thousands of campaigns launched annually.”

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Crowd-Slide-Secrecy

DIY Crowdfunding: Everybody’s talking BidOkee and Cooperative Crowdfunding

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BidOkee – Cooperative Crowdfunding

Crowdfunding is growing massively, 1,000% in the last five years.  Between 2009 and 2012, crowdfunding expanded at a compound annual growth rate of 63%.  As of 2014, the crowdfunding market was estimated at $16.6 billion in funding per year. Of this growth, donation-based crowdfunding comprises the majority of giving, growing at a compounded annual growth rate (CAGR) of 444 percent compared to equity crowdfunding, which is growing at a rate of 168 percent. By 2020, crowdfunding is expected to reach $500 billion in funding per year generating $3.2 trillion in economic value.

“However, a majority of crowdfunding campaigns fail,” says Eyal Lichtmann, CEO of Quilageo, the company behind BidOkee.”81% of unsuccessful projects fail to reach 20% of their funding goal. And nearly 60% of all crowdfunding projects are unsuccessful. There is a systemic problem in crowdfunding if a majority of campaigns are continuously failing. Therefore we need a new model in crowdfunding that provides greater chance of success and which changes the paradigm to a more cooperative model.”

We have a prototype. Check it out at www.BidOkee.com! Help make it happen – we need your support.

 

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