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Social Responsibility built in to BidOkee DIY Crowdfunding

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Corporate social responsibility is a new bottom line.

Especially for younger consumers, supporting businesses that do good in the world is a priority.

When BidOkee is completed, it will integrate CSR opportunities and charitable giving seamlessly into the design of our platform. Campaigns can offer backers the opportunity to allocate a percentage of their pledges to charities – BidOkee’s structure allows a single featured charity, a choice among several causes, or even a contest in which backers can vote for the charities they want the community to support. This can be a winner-take-all vote or the funds can be distributed based on proportion of votes received.

The benefits are numerous.

The CSR component helps great causes, obviously.

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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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