Global Impact, Culture, and Corruption in Crowdfunding

Welcome to Crack The Crowd!

In this episode we talk to Richard Swart, PHD Crowdfunding researcher, Author, Speaker, Investor, Advisor and one of the most prominent minds in crowdfunding. He’s at the center of the global talking to governments and all things crowdfunding.

More:  Richard Swart is Crowdfunding and Alternative Finance Researcher and Scholar-in-Residence in the Institute for Business and Social Impact at the University of California, Berkeley, researching crowdfunding, crowdsourcing and alternative finance. Swart organizes the Annual Academic Symposium in Crowdfunding Research, which is globally recognized as the leading event in crowdfunding research and policy, which has brought eminent faculty, government officials and policy makers from over 30 nations to UC Berkeley.

Recognized as one of the top thought leaders in crowdfunding and alternative finance, with particular interest in its impact on social innovation and global challenges. He has been the subject in leading business publications including Forbes, Inc, Entrepreneur, VentureBeat, Wall Street Journal, New York Times, BBC, PBS, MSNBC, NPR, Financial Times, Washington Post and dozens of others. Coauthor of the forthcoming book Crowdfunding: the Corporate Era, discussing how corporations leverage crowdfunding as an essential tool for driving innovative ways to strengthen their brand experience, deepen their impact in the community and improve sales. Current projects include:

  • National, Regional and International Studies of Alternative Finance Markets
  • Crowdfunding, Crowdsourcing and Open Innovation
  • Developing a Development Finance Model for Alternative Finance
  • Studying how NGOs and Organizations can empower projects with crowdfunding
  • University Crowdfunding Consulting
  • Advising professional investors, funds, and other consulting firms on market developments and investment strategy

Swart has a strong interest in the international expansion of crowdfunding. As such, he was the lead author of a major research paper for the World Bank on the potential impact of crowdfunding around the globe. Board member or strategic advisor to several firms, mostly in crowdfunding, fintech, and social entrepreneurship.

In this interview, we discuss the state of the last two years of crowdfunding, how to the difference between US, South American, Chinese, and European crowdfunding markets, & corruption.

This is Only Part 1, so stick around for the next episode to learn more abou Galvin vs the SEC, the growth of Title II and Title iV, and the needs in the Jobs Act 2.0, how to attract and approach accredited investors and what really matters.


For the longer, main audio discussion, you can:

Show Notes

  • [2:37] Scaling Innovation & The World Bank Report for Crowdfunding Potand the
  • [7:00] The Costs in Crowdfunding are even higher internationally
  • [8:20] Dealing with manufacturing, fulfillment, and scale is one of the biggest challenges
  • [10:50] Asia crowdfunding landscape is debt, Chinese Peer Lending Platforms officially estimated an $12B may actually be $50B
  • [18:00] UK is 5% of US economy and doing 10 times more crowdfunding than the US.
  • [20:30] Appearance and reality of fraud in EU countries is low. Those getting to prosecutions is four cases.

Selected Links People and Organizations Mentioned in this Episode From This Episode

#CRACKtheCROWD is a long-form conversation about the dynamics and people in crowdfunding hosted by Entrepreneur, Strategic Advisor, and Innovation Strategist Dan Baird.

For the longer, main audio discussion, you can:

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About the Author:

Dan founded Crack the Crowd in 2013, and is the company’s CEO and strategy lead. He is also a product design and launch expert. Previously, he served as Vice-President of CrowdEngine, leading sales, marketing, and launching dozens of crowdfunding platforms, including the first equity platform to reach $1 billion in offerings.