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The Foundr Podcast with Nathan Chan

20: How Danae Ringelmann and Indiegogo Helped Start a Funding Revolution

The Foundr Podcast with Nathan Chan

Nathan Chan

Entrepreneurship, Business, Marketing

4.9 • 664 Ratings

🗓️ 30 December 2014

⏱️ 32 minutes

🧾️ Download transcript

Summary

You can fund your baby on the Internet. That’s the world we live in. One in which a couple who wanted a child but could not conceive naturally were able to turn to strangers on the web to raise money for in vitro fertilization. A new life, crowdfunded. The couple’s campaign for a bundle of joy might seem odd — it’s certainly not ordinary — but it is a triumph of technology and humanity. It’s a story made possible through crowdfunding, a method of raising money for ideas online by seeking small contributions from a large numbers of backers, who usually receive perks in return for their support. The couple in question acquired funds to conceive their child by running a crowdfunding campaign on Indiegogo, which, along with the New York-based Kickstarter, is one of the world’s preeminent crowdfunding platforms. Danae Ringelmann often recounts the couple’s story, because it conveys the extraordinary potential of crowdfunding. Few ideas lie outside the bounds of what can be funded (within the law, that is) — you just need to convince people that an idea has merit. Crowdfunding gives ordinary people, including budding entrepreneurs, a door to financial backing that once stood closed to all but the well connected.  Ringelmann, Co-Founder and Chief Development Officer of Indiegogo, says that the platform’s users have funded “ideas from businesses to urban gardens to schools to medical cures to babies to films and music tours to you name it.” She has firsthand knowledge of how to succeed with crowdfunding, but also an even more unique insight into the development of Indiegogo and the very advent of crowdfunding itself. In this interview you will learn:   - How crowdfunding started, and how Danae conceptulized the idea of democratizing finance - What it takes to disrupt an industry - Gold advice on crowdfunding and how to get your campaign fully funded - What Danae believes it takes to build a successful business - Tips on bootstrapping - The indiegogo story - & much more!   I Need Your Help! If you haven’t already, I would love if you could be awesome and take a minute to leave a quick rating and review of the podcast on iTunes by clicking on the link below. It’s the most amazing way to help the show grow and reach more people!  Leave a review for the Foundr Podcast!

Transcript

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0:00.0

This is episode number 20 of the Founder Podcast with Deney Ringelman.

0:06.8

What you need is thirst. You need to be a thirsty human.

0:10.4

Who is intent on learning. It's a really fascinating exploration of human potential.

0:18.3

The Founder Podcast. Even the greatest entrepreneurs had help

0:24.0

If you want to learn from the most successful founders on the planet

0:27.6

You are in the right place

0:29.4

Branson, Mark Cuban, Tony Robbins, Tim Ferriss

0:32.2

Arianna Huffington, Steve Case, Gary V, Sophia Amorosa,

0:35.4

Barbara Corcoran, Damon John

0:36.7

Learn from the greatest minds in business today with interviews hosted by Nathan Chan.

0:41.7

This is not your average entrepreneur podcast. The Founder Podcast.

0:52.4

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:58.5

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:04.2

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.3

you name it. We put out so much content to help you.

1:13.4

And another interesting project that we're working on right now is partnering with world-class

1:18.3

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial skills

1:24.9

like negotiation, finance, e-commerce, and so much more.

1:30.5

So if you'd like to get access to these free trainings with founders like this, which is

1:36.0

100% free, just go to founder.com forward slash free.

1:40.8

Okay, so now let's talk about today's episode.

1:43.6

Hey guys, welcome to the founder podcast. My name is

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