Canadians wary of jumping into less than crowded fundraising field

When Paul Dombowsky first founded Ideavibes in 2011, he was hoping to tap into something big – the power of the crowd. He envisioned his Ottawa-based startup as a place for crowdsourcing, a way of exchanging ideas by engaging the public. He also hoped it would be a portal for crowdfunding, similar to platforms such as Kickstarter and Indiegogo. Branding the crowdfunding side under the name Fundchange, Mr. Dombowsky hoped it would help charities raise money from the public for important causes and campaigns. But by December 2012, Mr. Dombowsky found himself removing crowdsourcing from the equation and transferring his Fundchange customers to FundRazr, Canada’s largest crowdfunding platform. Ideavibes now focuses on providing a crowdsourcing platform for governments and organizations looking to collect feedback from their citizens, members and the public. Crowdfunding just wasn’t viable for his startup, he said. Mr. Dombowsky said he thinks that’s because Canadians have been slow to pick up on crowdfunding, with the most enthusiastic backers coming from the United States. “It’s just kind of how we do things here – it’s a more conservative approach to anything,” he said. “I also believe that maybe it’s just not our thing quite yet.” So are Canadians […]

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