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...term crowdfunding derives from another neologism: crowdsourcing, i.e., outsourcing to the public jobs typically performed by employees. Want to start a T-shirt business? Why not have the masses submit designs (crowdsourcing) and finance the ones they like (crowdfunding)? That's what Cameesa.com is doing, in a fashion-forward knockoff of Threadless.com which generated $17 million in revenues in 2006 by having the crowd choose T-shirt designs. "If you put money down to support a design, that's a strong indicator of actual demand," says Cameesa founder Andrew Cronk, a programmer in Chicago. In other words, the folks...

Author: /time Magazine | Title: Crowdfunding | 9/4/2008 | See Source »

...miles up the road, Keith Luke, 54, stood atop his boat, Miss Brandy. He built the boat 15 year ago and named it after his daughter, who is now 36 years old. Luke is portly, with a thick beard, and on this afternoon wore a faded red t-shirt with a kind of self-made v-neck. A bit of hair poked out. Despite the warnings about Gustav, Luke holed himself up in Miss Brandy, along with his deckhand, Charlie. "Things was bad," Luke says of Gustav. "We had a lot of wind, but not a lot of water...

Author: /time Magazine | Title: Where Gustav Came Ashore | 9/3/2008 | See Source »

...McCain's surprise vice-presidential nominee pick are brought up by just about everyone here, man and woman, in a way that would make lower-48 liberals and feminists cringe. Palin-friendly talk show hosts gush how she'll wow 'em with her toughness - and her legs. State fair t-shirt vendor Kevin Beagley says he remembers one particular customer last year who bought a few t-shirts that said "Alaska: The Coldest State with the Hottest Governor". The buyer? Palin's own father, Chuck Heath...

Author: /time Magazine | Title: Where Palin Made Her Name | 8/30/2008 | See Source »

...third hour. "I am the foreign relations committee chairman in the Georgian Parliament and it just took us 40 minutes to go a few meters," he told me on the outskirts of the deserted, Russian-occupied town as a colleague attempted to persuade a Russian civilian official in a T-shirt about his legal obligation to allow the delegation through. Zhvania would not speculate on whether the Russian troops that have occupied his country would be pulling back as promised any time soon. "They should," he said curtly. "They should...

Author: /time Magazine | Title: The Russians Are Coming...Or Going? | 8/22/2008 | See Source »

...fewer than go to race-walkers. Shooters get 15. Canoeists get 16, and that's assuming that the 14 rowing events are somehow different. To be fair, under the current system, the basketball team should be having competitions in three-point shooting, dunking, rebounding, passing, that halftime trampoline thing, T-shirt cannon-blasting and restraining Ron Artest...

Author: /time Magazine | Title: Raising the Stakes at the Olympics | 8/20/2008 | See Source »

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