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The Statue of Liberty and America’s crowdfunding pioneer

Statue of liberty in front of the Manhattan skyline The Statue of Liberty still stands on the base funded by Pulitzer’s efforts

As the Statue of Liberty was shipped from France, efforts to raise funds for its pedestal stalled. But thanks to a newspaper campaign and the small donations of hundreds of residents, the base was eventually built. Rodrigo Davies, a researcher at the Center for Civic Media at the Massachusetts Institute of Technology, explores America’s first major crowdfunding project.

By the summer of 1885 the Statue of Liberty was in New York in pieces, awaiting assembly.

Designed by French sculptor Frederic Auguste Bartholdi and paid for by the government of France, the statue was a diplomatic gift to the US. However, the US had been unable to raise $250,000 for a granite plinth for the statue – around $6.3m (£4.1m) at today’s prices.

A group called the American Committee of the Statue of Liberty was tasked with raising the money but fell short by more than a third.

New York Governor Grover Cleveland rejected the use of city funds to pay for it, and Congress could not agree on a funding package.

Amid the uncertainty, Baltimore, Boston, San Francisco and Philadelphia offered to pay for the pedestal in return for the statue’s relocation.

It seemed as though New York had run out of options when renowned publisher Joseph Pulitzer decided to launch a fundraising campaign in his newspaper The New York World.

Image of the Statue of Liberty printed in The New York World newspaper The campaign was given front-page treatment in The World

The campaign eventually raised money from more than 160,000 donors, including young children, businessmen, street cleaners and politicians, with more than three-quarters of the donations amounting to less than a dollar.

It was a triumphant rescue effort: in just five months The World raised $101,091 – enough to cover the last $100,000 to complete the pedestal and have money leftover for a gift for the sculptor.

If launched today, the campaign would be a classic crowdfunding project like those run online by Kickstarter and Indiegogo. It used a single collection point – the newspaper – to raise money from a very large pool of donors each pledging as little as pocket change.

Successful Kickstarter fundraisers are usually very skilled at generating momentum – and donations – by attracting media coverage and building connections with their backers through regular, personal insights into their campaigns.

Continue reading the main story

If Kickstarter had existed in 1885, Pulitzer could have been one of its most successful users, with 160,000 donors. Here is a look at some of the other numbers behind the site:

  • Last year, 2.2 million people pledged money to Kickstarter projects, and the 18,109 successful campaigns of 2012 raised $274m
  • Its biggest hit to date is Pebble, an electronic watch that attracted $10.2m
  • The Veronica Mars film project boasts the most backers, with 91,585 people pledging $5.7m
  • Projects that do not meet their stated goals do not get to keep any of the money donated by users.
  • To date, 51,205 projects did not meet their fundraising goals compared to 39,967 that did

When Rob Thomas, creator of the Veronica Mars television programme, sought to fund a film spin-off, he wrote four blog updates to fans in the campaign’s first 24 hours.

They responded, donating $2.5m.

The World’s journalists used similar storytelling techniques to great effect. Amid their appeals for support, the paper printed updates and letters from the public on its front page.

The paper kept a running tally of contributions, and between March-August 1885 it chronicled every donation to the Statue of Liberty fund.

On 22 March, Philip Bender, from Jersey City, wrote that his family was donating $2.65, including his children: “Philip and Eliza Bender, 50 cents each; (children) – Anna, 25 cents; Frannie, 25 cents; Leonard, 10 cents; Frank, 15 cents; Alice, 10 cents; Ralph, 10 cents; Carri, 10 cents; Miss Nicey 25 cents.”

On 30 May, Jonathan Sooville, the mayor of Buffalo, donated his $230 annual salary, while 43 wealthy New Yorkers each offered $250.

Collective fundraising efforts have existed for millennia – membership models for 17th Century book printing, public subscriptions to fund UK parks in the 19th Century, and collective financing of Bollywood films in the 1970s.

The Statue of Liberty campaign resembles a modern online crowdfunding effort in several impressive ways: the speed with which the money was raised, the number of small donations, and the fact that the whole process was managed by one agent – the newspaper.

Like many modern crowdfunding campaigns, The World offered rewards, including gold coins for the largest donor.

Modern Kickstarter campaigns typically offer rewards ranging from T-shirts to a personal visit from an artist or an executive producer credit on a film.

Drawing of the Statue of Liberty's base and pedestal

In pictures: Crowdfunding Statue of Liberty

It may have taken more than a century for the internet to turn crowdfunding into a $1.5bn-a-year industry with an array of creative ways to attract potential funders, but even in Pulitzer’s time other prominent New York figures recognised the potential of The World’s model.

In June 1885 the infamous financier and property owner Erasmus Wiman, known as The Duke of Staten Island, invited The World’s managing editor Joseph Cockerill to discuss a secret development on Staten Island “which, after the Bartholdi Statue is completed, would be a glorious a mission for The World”.

There’s no evidence in the newspaper’s archives that Cockerill accepted the meeting, which was probably lucky: Wiman was later jailed for fraud.

For The World, the Statue of Liberty success prompted a series of high-profile campaigns. The newspaper raised funds for a memorial to Civil War general and later president Ulysses Grant and waged a long campaign for tax reform.

But Pulitzer’s great crowdfunding effort remained one of his proudest achievements – and one still on display today.

Source : BBC

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Projeto Troika. Fotógrafos lançam campanha de crowdfunding online

Pojeto Troika

Projeto Troika – imagens da sociedade D.R.

16/01/2014 | Dinheiro Vivo            

Um grupo de oito fotógrafos e um realizador lançou o Projeto Troika, que quer documentar o impacto da ‘troika’ (Banco Central Europeu, Comissão Europeia e Fundo Monetário Internacional) e questionar o futuro, disse esta quinta-feira uma das participantes.

“O Projeto Troika é um projeto documental que tem o objetivo de produzir reflexões sobre aquilo que se passa em Portugal, mais concretamente sobre os sinais da presença da ‘troika’ em Portugal. E lançar a questão de como será o país depois de a ‘troika’ abandonar o nosso território, que será para breve, se tudo correr bem”, disse à Lusa Lara Jacinto, que, com os fotógrafos do Público Adriano Miranda e Paulo Pimenta, esteve na origem da iniciativa.

O coletivo lançou o projeto sem apoios externos e está, neste momento, a desenvolver uma campanha de angariação de fundos para reunir financiamento de modo a publicar um livro e um filme, que pretendem que estejam disponíveis em novembro.

“Isto está dependente de como resultar a campanha que estamos a fazer na Internet de recolha de donativos. Não temos qualquer apoio e estamos a recorrer à ajuda das pessoas para pôr o projeto cá fora. O objetivo principal será o livro, que tem o filme. Existem outras coisas que gostaríamos de fazer, mas que estão dependentes dos donativos que as pessoas façam”, disse Lara Jacinto.

O Projeto Troika partiu da necessidade “de fazer qualquer coisa perante aquilo que está a acontecer”, recorrendo os autores às “ferramentas” que tinham à sua disposição: fotografia e filme.

 

Fonte : http://www.dinheirovivo.pt/Economia/Artigo/CIECO313426.html