The Ledger, every show

“This pre-commerce, this notion of buying something before it exists is, I mean, it's radically different right now, but you fast forward five years, six years, seven years, and it will just be the best way to sell something.”

“We're the fastest growing app on college campuses in the US.”

“Yes. You could sell today directly to your customers, get the demand before you put an ounce of production to work and use that to Tesla since use that, I believe for debt financing of two billion dollars. So be able to use that to verify the demand and securi…”

“If you can get to about 34,000, it kind of takes on a life of its own. When you get to about five people and about 33, 34%, that community is committed. They obviously pulled out their wallets. They want this thing to exist. And now they become advocacy to get…”

“Well, if it goes to the merchant, then it will go to the consumer. And it might not be a complete hundred percent pass through, but I'd say that the transfer of wealth will make it its way to the consumer. It just always does.”

“82% of tilts are successful, so that's you're very different than most crowdfunding campaigns where the majority don't reach their goal. The vast majority exceed their goal, and actually you know, if you have a successful tilt on our platform or a successful c…”

“In about three or four days, they sold 200,000 cars. I mean, this is a car manufacturer. I think they've sold essentially about fourteen billion dollars worth of their new model. And they're expecting, you know, 30% to drop off, but still 70% of that would be …”

“There's a drone company. They were a six person company. They launch, and within about 30 days, they reached ten million in orders, and then they went on to reach about thirty five million dollars of orders, so you don't have to be a large brand.”

“I think it will be much more nuanced, but much more powerful than just, oh, add your social graph to your credit card transaction. It's much more participatory of collectively, socially.”

“The closest thing that I can get to is, I know in, and in some estimations, peer-to-peer payments in the US is 1.2 trillion dollars a year. The amount that happens electronically, digitally, is only about five billion.”

“And our hypothesis is, is that crowdfunding will have a very similar narrative arc to blogging to where, you know, 1213 years ago, blogging was this thing that had a lot of hand waving, had a lot of it was on the tips of you know, journalist tongues of the, yo…”

“So the background there is the founder of Reddit, who has a very adorable mascot in Snoo on that you see next to every Reddit logo. He built, he designed us a mascot, and we ended up not using it.”

“And in each model, they will basically the equivalent of tweeting it out This is what we're getting. This is the new model. This is everything that's going to be in there nine to 12 months and order it now to get in line, and then you're batched based on when …”

“There's a self-hosted crowdfunding, a game out there called Star Citizen that has had 300,000 people buy into this game. It hasn't been released yet, as far as I know. But there is a subreddit with about 30,000 people just talking about the game every day.”

“Our biggest demographic is 18 to 24 year olds”

“Our platform grows pretty virally, you use it for a fantasy football league, and out of those 12 people two will split off, start their own campaign, and they'll do it for a draft party, a tailgate, a late night party, a group trip, or something like that.”

“I think the CTO was on y'all's side was telling us that it's one of the highest maybe highest uptick in a brand new feature that they've seen.”

“So it's, you know, it's a couple 100,000 that have started crowdfunding campaigns, a few million, about ten million have backed campaigns”