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Submission + - What Do Successful Crowdfunders Really Think About the Crowdfunding Process? (thecrowdfundingformula.com)

An anonymous reader writes: For many young businesses and startups, crowdfunding platforms like Kickstarter and IndieGoGo are now the go-to source for seed capital. So much so that, by the end of 2016, this innovative financing method is expected to contribute more business funding than venture capitals (VCs).

Providing opportunities to test demand, build customer awareness and court press attention, a successful campaign offers far more than simply a monetary incentive. But life after crowdfunding is different for each campaigner, and a successful campaign doesn’t necessarily mean a successful company – we see both great wins and dramatic fails in crowdfunding.

We sought to get into the campaigners’ mindset following a successful campaign. Initially, our goal was to determine whether these individuals were likely to embark on a second campaign, what we discovered was a complicated relationship with the process that was determined as much by the project and platform as the level of success achieved.

We questioned campaigners with a history of success on the two largest platforms; IndieGoGo and Kickstarter. The 1124 respondents repressented campaigns from every major category (scaled to the size of each) and were divided into three sub-groups.

Privacy

Yale Law Student Wants Government To Have Everybody's DNA 544

An anonymous reader writes "Michael Seringhaus, a Yale Law School student, writes in the NY Times, 'To Stop Crime, Share Your Genes.' In order to prevent discrimination when it comes to collecting DNA samples from criminals (and even people who are simply arrested), he proposes that the government collect a DNA profile from everybody, perhaps at birth (yes, you heard that right)." Regarding the obvious issue of genetic privacy, Seringhaus makes this argument: "Your sensitive genetic information would be safe. A DNA profile distills a person’s complex genomic information down to a set of 26 numerical values, each characterizing the length of a certain repeated sequence of 'junk' DNA that differs from person to person. Although these genetic differences are biologically meaningless — they don’t correlate with any observable characteristics — tabulating the number of repeats creates a unique identifier, a DNA 'fingerprint.' The genetic privacy risk from such profiling is virtually nil, because these records include none of the health and biological data present in one’s genome as a whole."

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