P2P Weekly: Bill Nye Gets the Crowdfunding Treatment

“Bill Nye tops Spock’s record as most funded Kickstarter documentary,” Indiewire.

The team making a behind-the-scenes documentary about beloved TV and real-life scientist Bill Nye closed their Kickstarter campaign with more than $800,000 in pledges from more than 16,000 backers. The film is now the most backed Kickstarter for a documentary in the platform’s history, and producers are hoping to submit the “full access, exclusive film” to festivals in 2017.

“Crowdfunding sites aim to make the law accessible to all,” Financial Times.

Using crowdfunding to fund legal cases is a fairly new phenomenon in the industry, but companies — like CrowdJustice in the UK and Invest4Justice in the U.S. — are breaking ground. At CrowdJustice, founder Julia Salasky and her team seek public interest cases and invites the public to fund related legal fees.

“Donors can be people who take human rights seriously, but they could also be those who worry that something which is happening to someone else could also happen to them,” she says.

“WIRED’s 100 Hottest European Startups 2015: London,” Wired

Wired has announced its 100 hottest startups, and several London-based firms made the list, including peer-to-peer market Funding Circle.

“What will a rate rise mean for P2P lending?” Lending Works

Bank of England Governor Mark Carney has stated that 0.5 percent borrowing costs will soon be a thing of the past. This will have a few impacts, such as better returns on savings. But, there is a chance that the change could make P2P less attractive to some borrowers, skewing the market too much in favor of lenders.

“Ignore the snobs: Why crowdfunding is bringing diversity back to business,” City A.M.

“The evidence suggests that crowd investors are as aware as anyone that there’s a high chance they will lose money. However, they also know that, as a part of a broader portfolio (the investors in E-Car have made an average of 12 crowd investments), equity investments can make sense. If anything, allowing people to make small investments in companies, from as little as £10, should improve financial literacy and encourage people from all backgrounds to engage with business, increasing scrutiny and, hopefully, outcomes.”

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