Post by arfanho7 on Feb 24, 2024 11:09:33 GMT
When it comes to assessing and funding the arts just how wise are crowds—and how does their wisdom compare to that of art experts HBS Associate Professor Ramana Nanda sought to answer those questions in a recent study which compared funding decisions of startup theater productions made by art loving masses on crowdfunding website Kickstarter with evaluations by experts in the field. “MOST OF THE DISAGREEMENTS WERE ON PROJECTS THAT.
THE CROWD LIKED BUT THAT THE JUDGES WOULD POTENTIALLY HAVE GIVEN LESS MONEY TO OR NOT HAVE FUNDED AT ALL” Crowdfunding platforms represent a major shift in the way art projects seek support and find success. Since its founding in Kickstarter has raised more than . billion for over art Egypt WhatsApp Number List projects opening doors and lifting curtains for many projects that couldn t or wouldn t otherwise have gotten off the ground and onto the stage. In fact Kickstarter now raises more money for artistic projects each year than the National Endowment for the Arts NEA an independent federal agency established in which also funds artistic endeavors albeit through very different means.
Where the NEA has a nearly year history of art market making with vetted mechanisms for ensuring artistic quality and value Kickstarter offers almost the opposite—it makes funding more into a matter of marketing savvy and mouse clicks. Hence Nanda s curiosity about the artistic merit therein. hits the experts sometimes ignored but also backed a box office bomb.©iStock jganser Crowdfunding has enabled a democratization of access to funding Nanda says in his office at the Rock Center for Entrepreneurship at Harvard Business School. That could be both potentially positive and negative. There is a lot of critically acclaimed artwork that could be systematically overlooked by crowds.
THE CROWD LIKED BUT THAT THE JUDGES WOULD POTENTIALLY HAVE GIVEN LESS MONEY TO OR NOT HAVE FUNDED AT ALL” Crowdfunding platforms represent a major shift in the way art projects seek support and find success. Since its founding in Kickstarter has raised more than . billion for over art Egypt WhatsApp Number List projects opening doors and lifting curtains for many projects that couldn t or wouldn t otherwise have gotten off the ground and onto the stage. In fact Kickstarter now raises more money for artistic projects each year than the National Endowment for the Arts NEA an independent federal agency established in which also funds artistic endeavors albeit through very different means.
Where the NEA has a nearly year history of art market making with vetted mechanisms for ensuring artistic quality and value Kickstarter offers almost the opposite—it makes funding more into a matter of marketing savvy and mouse clicks. Hence Nanda s curiosity about the artistic merit therein. hits the experts sometimes ignored but also backed a box office bomb.©iStock jganser Crowdfunding has enabled a democratization of access to funding Nanda says in his office at the Rock Center for Entrepreneurship at Harvard Business School. That could be both potentially positive and negative. There is a lot of critically acclaimed artwork that could be systematically overlooked by crowds.