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Crowdfunding; Charities turn out to be a booming business

December 8, 2014 1 comment

by Marivel Guzman

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet. (photo/www.blackenterprise.com)

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet. (photo/www.blackenterprise.com)

Crowdfunding is by definition, “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.” Forbes.com

Some of these sites, like Fundraise.com,CauseVox, DoJiggy’s Pledge software andFundly were set up specifically to help non-profits raise money to support their causes.  Others, like Kickstarter and indiegogo, aren’t non-profit specific but have been used by charities to raise money to support their mission.  Today, let’s talk about crowd-funding websites for non-profits: what they are, and how your organization can use them to raise more money quickly and efficiently.
I have been following many charity driven websites that are profiting from the necessity of people. These domain sites turn-out online business make very easy for anybody that wants to tap into the business to get on board betraying their own people when they use them to support this unethical enterprise. (Fundraising Authority)

Currently there are hundreds wordwide of domains used to collect donations.
Indiegogo and Kickstarter are two of the most successful online companies engaged in the donation business or attracting capital for new ventures, these two companies were create with the idea to help new enterpruniers out in their feet but soon it had evolved to more diverse capital attracting business.
Indiegogo, “When your campaign raises funds, Indiegogo charges a 9.0% fee on the funds you raise. If you reach your goal, you get 5.0% back, for an overall fee of 4.0%” indiegogo website.
youcaring, “How Does YouCaring Make Money If It’s Always Free for Everyone?

We are supported by thousands of contributors from all over the world who have a heart to help people in the middle of challenging life situations. We are incredibly thankful to our donors for allowing us to continue to help thousands of people everyday.”

GoFundme created October 2010, owner, Andrew Ballester, organization, California Product Shop Inc. whose President is Brad Damphousse a millionaire in the donation business.

The website that you are using is profiting from Gaza, Africa, South America, Syria, Iraq and any other country that suffer war.

The truth is that you do not know who is on the other side of the campaign.

The photo below is an example of a campaign for Gaza, the organizer of the campaign shows to be somebody profile name Jilu, if you click on the link, the the real name shows on a facebook profile as Mohammed Abdulmajeed, which seems to be the same person I interviewed via email, the same person that created IgiveOnline.com, if he is successful on the campaigns he organize he could be making a money out of the misery of Gaza, and if the campaigns that he hosts in his website are successful, he is making double the money.
We could call him entrepreneur, a visionary, a philanthropist, or simply a person taking advantage of a disadvantageous situation. You be the judge!

Rebuild Gaza  The campaigner is Mohammed with various projects, his goal 8,000 pounds.

Rebuild Gaza
The campaigner is Mohammed with various projects, his goal 8,000 pounds.

OUR PROJECTS:

  1. Water Plantation (Water Supply)

Click here to find out more : http://bit.ly/GazaWaterSupply

Uninterruptible Power Supply (Switch on Gaza)

Click here to find out morehttp://bit.ly/GazaElectricity

  1. Celox (Stop the bleeding)

Click here to find out morehttp://bit.ly/GazaCelox

IGiveOnline Campaigner

Jilu Miah shows as the organizer of the campaign Rebuild Gaza

Jilu Miah shows as the organizer of the campaign Rebuild Gaza, click on it and Mohammed real profile appears. (snapshots from IgiveOnline.com Rebuild Gaza

In a email interview Mohammed Abdumajeed said what made him fund Igiveonline. He is a college graduate from the United Kingdom, he is in his thirties and said to work for the education directorate. He studied creative design and worked in sales after college.

“Igiveonline.com was started as a way for me to collect donations for a cause I believed in. After seeing other websites and the charges associated with them, I sought to make my own online page for my fundraising so I could lessen the charges.” Said Abdulmajeed

Igiveonline like dozens other domains had turned out to be a huge revenue for their founders.  Abdulmajeed said to have currently 15 to 20 campaigns going on.
These websites work as a gateway for campaigners that find it easy to just open an account and create a campaign, all they have to do is find a cause, register the cause and distribute the links with their friends in facebook or in any other social platform.
At first this look as a really good cause after all these websites work channeling money to people in need, but there is no accountability for the people that create these campaigns, all you need to do is post photos and a credible story and you have a business running.
According to Abdulmajeed he charges 4 percent fee to individuals, 3 percent to  Non-Profits and 2 percent to registered non-profit, but who is he to decide who is non profit, or register non profit, is he some government agent with the power to decide who is is who?

I had noticed that few individuals were already collecting money long before the summer war in Gaza, some may be rightly given the money to needed people, some may have been defrauding their friends and followers, we never will know. But, something very very sure, crowd-funding is a booming business and multi-billion dollar business. Some websites collect from 7 to 20 percent depending on the level of advertisement; example of them Indiegogo , youcaring, GoFundme , Igiveonline.com, these websties allow the user to create campaigns where all they have to do is register and write a story about the campaign, these are just few of them, but after the summer assault to Gaza few more pop out.
We can not deny that there is great need in Gaza, and lots of families do not like the idea to go to make line to pick up bags of food, so they are using online campaigns to collect money, besides I heard from many friends that they are ‘proud to beg’, also many young people in Gaza is taking advantage and creating campaigns to buy camera equipment, to build their homes, buy school supplies.
Good or bad the online campaigns are making the CEO of crowd-funding billionaires.
We always have send money to Gaza without the use of NGOs, they have bad reputation specially the managers of the NGOs, they end up keeping lots of aid or favoring their families, that is a all well known situation in Palestine, non only Gaza, but West Bank as well.
Anyway we know better, if we know our friends we help them, if we feel they are cheating then is on us. In the mean time Gaza infrastructure needs to be reconstructed, but it seems that Palestinian Authority started using their leverage on the situation, and their position as “the ones in charge of reconstruction” to crack down on Hamas and take the political power from them.

The real situation in Gaza is not going to be fix by handouts, online campaigns, AID, NGOs, the situation in Gaza first will change when Israel remove the illegal blockade of their borders, and  economy, and second, when the Israel occupation get dismantle once and for all.

Google Truth Predictor 5 years later


Posted on March 12, 2013 by Akashma Online News

by Marivel Guzman

Image credit AFP/Getty Images via @daylife

Image credit AFP/Getty Images via @daylife

On October 2006 the words “truth predictors” were all over the internet, after Google said that they will have truth predictor software, according to Eric Schmidt, Google’s Executive Chairman of Google.

He forecast that, within five years, “truth predictor” software would “hold politicians to account”. Voters would be able to check the probability that apparently factual statements by politicians were actually correct, using programmes that automatically compared claims with historic data, he said.

Politicians “don’t in general understand the implications” of the internet, Mr Schmidt argued. “One of my messages to them is to think about having every one of your voters online all the time, then inputting ‘is this true or false?’. We [at Google] are not in charge of truth but we might be able to give a probability.”

That was back then, the same Eric Schmidt that sold 2.5 Billion of stock or 42 percent of his Google shares on February, the 8-k filed on Friday. Last year Eric Schmidt sold another bulk of his shares; 153,193 shares  with value of $103.5 million. Last year Google Inc shares were trading at $688.01, now after the sell of 3.2 million shares the share-market-price is $785.37, roughly 120 dollars higher than last year. Very ODD, GOOG price went up to 834.82 after the notice of the sale was published.

This sale comes after Google Inc. had split its shares, meaning that people can buy 1 share for half the price. This maneuvers on high value shares are done with the purpose to attract naive buyers, that will become temporally-imaginary-part-business-owners.
Public companies CEO’s use this trick to cash out the real money(capital money), cheap out the company’s shares to lure buyers into the market, but they’ll keep the Class B shares, which are the ones with more voter power(10 to 1).

In the past companies had done exactly this maneuver only to unload the super-fake-valued shares, then sell to the public the cheaper  ones, to later on, the same executives would buy more shares at cheaper prices, then super-fake- value-inflate the shares and sell it again.  A cycle of deceit to the outsiders that think in owing a piece of the pie of the richer companies in the planet. (CEOs control millions of shares, valued in billions of dollars, they have an army of “brokers” -anonymously working for them-doing the buying -selling game-inflating the price of the shares), only a blind can not see.

When money of this magnitude is shuffle around something is cooking. Google Inc. worth net is approximately  $200 billion, but that net worth is fluctuating all the time, because Google’s price depends on its direct advertisement, addsense google Adds and public shares. I call this sucking-up dry the public’s money. The only people that makes the big money are the executives that keep taking up the real money out of the company’s capital, while the little people delusion to “own” big company’s shares keeps buying faked-valued-shares,  the CEOs keep the good shares until they render them worthless.  No company is king forever!.

Going back to the original story, where is the truth predictor software Eric Schmidt predicted will be ready in 5 years? Cheap Talk!, or Bullish Talk? what ever it was, the software was not developed, and politicians still  running campaigns with lies.

Same politicians that are pushing for censoring the internet; just in case that Google remember their 5 years old prediction and make the truth predictor come to life. Then we do not have to worry for Aaron Swuartzs committing suicide, Bradley Mannings stealing “truths” to be shared with the public, and Julian Assange wouldn’t need to be hiding in an Ecuadorian Embassy because is sharing the truth.
The American could then be able to trust the politicians again, because we will be resting assured that everything promised will be for real, and not a stunt propaganda to win “the chair”.

I see that some people needs to work in his/her super-inflated-patriotism feed by lies and excused secrecy. There is no reason any government should work under secrecy. There is no reason, the governments will punish a real patriot, a hero that risking his life, to unmask criminals embedded inside our Defense Forces. There is no reason the government should be protecting criminals instead is persecuting truth seekers.
When there is no transparency in the government, there is shadow government, and a shadow government does not work for the regular American, which is to close to 300 million. The Generals in our Defense Forces, current and formers(and their families) live like kings. They reserve for themselves the most expensive gourmet dishes, they travel in chartered private planes, they play in the super luxury golf courses built specially for them, all this extravagance paid by American Tax Dollars. These are the real criminals, the ones Bradley Manning is exposing.
While the real heroes, the brave men and women are killed in the ground, all brainwashed by well structured lies, that only serve the Corporations that our Defense Forces are protecting, corporations that are amazing billions of dollars, while we Americans are struggling to survive.

While all this game is taking place, the U.S. unemployment rate, currently at 8.1 percent. That’s more than 1.5 million jobs. Reading these numbers means nothing, but there are more than 2 million families struggling to live another day. That 1.5 million number published by the Unemployment Department is the steady number of current unemployed people, but does not reflect the reality. The people that runs out of employment benefits are taken out of the current statistic sheets.

The health of the Nation is not with the numbers published every day by the financial markets. The health of the nation is reflected by the low debt acquired by credit cards holders every month.
The Google, Yahoo, Wall mart, British Petroleoum and others CEOs are riding the American debt by the horns on the American’s back.

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