Browse Prior Art Database

A system and a method to automatically connect crowdfunding projects with potentially-interested parties

IP.com Disclosure Number: IPCOM000234589D
Publication Date: 2014-Jan-21
Document File: 2 page(s) / 41K

Publishing Venue

The IP.com Prior Art Database

Abstract

Disclosed are a system and a method for automatically generating a list of relevant people with whom a project creator can share a project in order to obtain financial backing in the vein of crowdfunding.

This text was extracted from a PDF file.
This is the abbreviated version, containing approximately 52% of the total text.

Page 01 of 2

A system and a method to automatically connect crowdfunding projects with potentially -

-interested parties

interested parties

Crowdfunding is a method in which individuals, through online networks, pool resources to fund a project or proposal pitched by an individual or organization . A salient problem

facing crowdfunding participants today is how to connect projects with potential backers. Project creators typically have few means by which to discover those who are interested in funding projects, and project funders have few methods for discovering projects to support. Project creators typically approach family members and friends , leaving out a large portion of people who would otherwise be interested in the project . Similarly, funders looking for projects to support typically have only common search methods available through which to find interesting projects. These methods are either ineffective, time-consuming, or both.

The novel contribution is a system and a method for automatically generating a list of relevant people with whom a project creator can share a project . The system and method include novel techniques for presenting matched projects to the potential funders, and the potential funders to the project creators .

The system for discovering potential funders for a specific project includes any of the following steps in order to generate a list of potentially interested parties :


1. Finding people who have, on the crowdfunding site in question:

A. Searched for keywords in the past that match the description of the project

B. Funded similar projects in the past, as determined by project descriptions


2. Analyzing the social network graph of the project creator as determined by :

A. Social and professional networking sites


B. The contact list in the project creator's email client


C. The contact list in the project creator's mobile phone

D. The business network of the project creator (if such information is available)


E. Those identified in Step 2A who have optionally also expressed interest in

the project topic as determined by matching profile keywords on social networking sites including the extended network (e.g., friends of friends)

3. Finding regular consumers of the project creator's content on other sites, as determined by:

A. Soci...