A Marketplace of Ideas
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 16 July 2023
⏱️ 27 minutes
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| 0:00.0 | Our whole ethos is the people choose and we don't want to moderate as much as |
| 0:06.1 | possible. We don't want to moderate because that's kind of what we were built to |
| 0:10.9 | prevent is we don't want there to be a smog of the people who decide who gets |
| 0:15.0 | financing, right? We want the world at large to choose but that in some ways we |
| 0:20.0 | have to moderate to protect our users and they look to us to do that and to |
| 0:24.8 | kind of make sure that we don't have fraud and we you know all of these things |
| 0:28.8 | that we try to work against. I'm Mary Long and that's Becky Center CEO of the |
| 0:36.5 | crowdfunding platform Indiegogo which has helped fund over 925,000 |
| 0:41.6 | entrepreneurial ideas. DeJervillard caught up with Center to discuss the sweet |
| 0:46.1 | spot that crowdfunding caters to how praising the failure can set entrepreneurs |
| 0:50.4 | up for success and why we might have crowdfunding to thank for eBikes and your |
| 0:55.6 | new favorite glamping spot. I was looking back at the history of Indiegogo. It's |
| 1:02.9 | been around since 2008 which is incredible. What do you think is part of the |
| 1:07.9 | keys of the longevity of both the the company and of kind of crowdfunding in |
| 1:12.9 | general? Oh great question to start us off with. Yeah it's so funny to hear of a |
| 1:19.4 | kind of startup that's been around as long as we have now but crowdfunding I |
| 1:23.8 | think has had a lot of longevity because of the emotional attachment to it. So |
| 1:28.5 | you know not only is it an interesting use of technology and an interesting way |
| 1:34.3 | to finance things into fundraise but it definitely brings people in because you |
| 1:40.1 | know I think that our users really connect with the spirit of creativity |
| 1:44.2 | innovation entrepreneurship and the types of campaigns that we have in our |
| 1:48.8 | site are always changing always different and the community at large loves to |
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