RocketHub

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RocketHub
Web address rockethub.com
Slogan The world's crowdfunding machine.
Type of site Crowdfunding

RocketHub is an online crowdfunding platform. Users from around the world — including musicians,[1] entrepreneurs,[2] scientists,[3][4][5] game developers,[6][7] philanthropists,[8] filmmakers,[9] photographers,[10] theatre producers/directors,[11][12] writers,[13] fashion designers,[14][15] etc.— post fundraising campaigns to RocketHub to raise funds and awareness for projects and endeavors.

History

RocketHub was launched in January 2010.[16] The site was founded by Brian Meece, Jed Cohen, and Vladimir Vukicevic.[10] In January 2011, Alon Hillel-Tuch joined the team as the fourth Founder.[17] The founders each have creative backgrounds: Brian Meece – singer-songwriter;[18] Jed Cohen – actor/producer;[19][20][21] Vladimir Vukicevic – tech-thinker/writer;[22] Alon Hillel-Tuch – musician/linguist.[23]

Crowdfunding

RocketHub enables Direct-to-Fan social media-based outreach and fundraising. Project leaders, i.e., fundraisers, publicize campaigns themselves through Facebook, Twitter and similar platforms. When posting a campaign, users choose a campaign deadline, target funding-goal, and offer “perks” in exchange for contributions.[24] Broadly, RocketHub shares similarities with platforms such as Kickstarter, Sellaband, and Pledgemusic,[25] however if the selected funding target is not reached by the deadline, the project leader is still able to keep the collected funds. RocketHub charges 4% of funds collected, plus 4% payment processing fees, if the project is fully funded, and 8% plus 4% payment processing fees if the project does not reach its goal.[26]

JOBS Act

On April 5, 2012, President Barack Obama signed the Jumpstart Our Business Startups Act into law. Among other things, the JOBS Act legalizes investment in closely held corporations in exchange for funds from non-accredited investors.[27] In response, RocketHub published a whitepaper entitled “Regulation Of Crowdfunding” offering its perspective on how the U.S. Securities and Exchange Commission should regulate the industry.[28]

On June 26, 2012, Rockethub testified in Congress regarding the JOBS Act, presenting 3 points. They included crowdfunding democratizes fundraising; crowdfunding will lead to job growth; and crowdfunding empowers investors.[29]

Partnerships

RocketHub has partnered with organizations in order to educate the public about the emerging field of crowdfunding:

  • The Recording Academy and The Grammy Awards - November 4, 2010 - Music Box Panel: A Professional Development Event Crowd Funding[30]
  • New York City Department of Consumer Affairs and New York City Department of Cultural Affairs - October 23, 2010 - The Art of the Deal[31]
  • CMJ Music Marathon, Music Dish, and Women in Music - October 20, 2010 - The "Musicians As Entrepreneurs" Official CMJ Music Marathon Networking & Showcase Event[32]
  • New Music Seminar - July 19, 2010 - NMS New York 2010[33]
  • Fractured Atlas[34]
  • The Orchard (company)[35]

See also

References

  1. ↑ Rice, Andrea. "RocketHub: For Creatives, By Creatives", American Songwriter, June 22, 2010, accessed November 29, 2010.
  2. ↑ Maltby, Emily. “Tapping the Crowd for Funds”, The Wall Street Journal, December 8, 2010, accessed August 30, 2012.
  3. ↑ Zelnio, Kevin. “#SciFund Puts YOU in Charge of Funding Science!”, Scientific American, November 11, 2011, accessed August 30, 2012.
  4. ↑ Koerth-Baker, Maggie. “Help crowdfund scientific research!”, Boing Boing, November 1, 2011, accessed August 30, 2012.
  5. ↑ Giles, Jim. “Finding philanthropy: Like it? Pay for it”, Nature Magazine, January 18, 2012, accessed August 30, 2012.
  6. ↑ Meece, Brian. "$80K in 10 Days, The Story of Extra Credits - As Told By Show Co-Creator James Portnow", RocketHub Blog, July 15, 2011, accessed August 30, 2012.
  7. ↑ Schmidt, Brandon. “Interview with Nine Dots Studio”, The Indie Mine, December 19, 2011, accessed August 30, 2012.
  8. ↑ Kempe, Anika. “Weathersby creates fund in honor of late father”, The Collegian, January 26, 2012, accessed August 30, 2012.
  9. ↑ Lungulov, Darko. "Tribeca Takes: Darko Lungulov on Here and There", Tribeca Takes, May 11, 2010, accessed November 29, 2010.
  10. ↑ 10.0 10.1 Hainer, Michelle. "New Site Helps Cash Strapped Creatives", Tonic, June 10, 2010, accessed November 29, 2010.
  11. ↑ BWW News Desk. “The Amoralists to Present THE BAD AND THE BETTER for 6-Week Run at the Peter Jay Sharp Theater”, Broadway World, April 18, 2012, accessed August 30, 2012.
  12. ↑ Boroff, Philip. "Fringe Festival Impresarios Find Angels Online With RocketHub", Bloomberg, August 19, 2010, accessed November 29, 2010.
  13. ↑ Paquette, Aaron. "Be Part of Something Very Cool! Only You Can Make It Happen…", Aaron Paquette Network, June 24, 2012, accessed August 30, 2012.
  14. ↑ Davis, Paul. "RocketHub - Help Paul Davis Fund His Next Collection!!!", November 22, 2010, accessed August 30, 2012.
  15. ↑ Gabrielle. "Become part of the Bunmi Koko Launch during London Fashion Week", Fashion Industry Network, September 7, 2010, accessed August 30, 2012.
  16. ↑ Peter. “Alternative Marketing: 5 Best Crowdfunding Sites”, Business Advice Daily, May 13, 2012, accessed August 30, 2012.
  17. ↑ Clifford, Catherine. “Shaping Crowdfunding 2.0”, Entrepreneur, May 11, 2012, accessed August 30, 2012.
  18. ↑ Dressner, Annie. “Hidden in New York Presents… Brian & Silbin”, The Monograph, July 14, 2011, accessed August 30, 2012.
  19. ↑ Brawarsky, Sandee. "Vows: Kate Dawson and Jedidiah Cohen", The New York Times, March 4, 2007, accessed August 30, 2012.
  20. ↑ The Internet Movie Database, "Actor: Jedidiah Cohen", accessed August 30, 2012.]
  21. ↑ Internet Broadway Database, "Performer: Jedidiah Cohen", accessed August 30, 2012.
  22. ↑ Press Release. Grammy-Nominated Artist And Voice Of CDBaby Successfully Crowdfunds Latest Record On RocketHub, Mi2N, October 7, 2010, accessed November 29, 2010.
  23. ↑ Elias, Midge. “Success Story: RocketHub, a crowd-funding website co-directed by MS in Negotiation and Conflict Resolution graduates”, In the News, April 9, 2012, accessed August 30,2012.
  24. ↑ RocketHub. "FAQs", accessed August 30, 2012.
  25. ↑ from PRINT EDITION. Putting your money where your mouse is, The Economist, September 2, 2010, accessed November 29, 2010.
  26. ↑ "What does it cost?"
  27. ↑ Colao, J.J. “Breaking Down The JOBS Act: Inside The Bill That Would Transform American Business”, Forbes, March 21, 2012, accessed August 30, 2012.
  28. ↑ Hillel-Tuch, Alon. "Regulation of Crowdfunding", May 1, 2012, accessed August 30, 2012.
  29. ↑ Hillel-Tuch, Alon. "RocketHub Testifies in Congress - JOBS Act & Crowdfunding", June 27, 2012, accessed August 30, 2012.
  30. ↑ Grammy365 Staff. Music Box: A Professional Development Event Crowd Funding, Grammy365, November 5, 2010, accessed November 29, 2010.
  31. ↑ Catton, Pia. In Queens, a New Project: Learn the Art of the Deal, The Wall Street Journal, October 25, 2010, accessed November 30, 2010.
  32. ↑ Press Release. The "Musicians As Entrepreneurs" Official CMJ Music Marathon Networking & Showcase Event, Mi2N, October 6, 2010, accessed November 29, 2010.
  33. ↑ Rice, Andrea. "The New Music Seminar: Viva La Revolution", American Songwriter, July 26, 2010, accessed November 29, 2010.
  34. ↑ Fractured Atlas. "Fiscal Sponsorship", accessed August 30, 2012.
  35. ↑ "RocketHub Partners with The Orchard to Fuel Music Industry Marketplace", September 14, 2011, accessed August 30, 2012.

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