IT Life Radio: The Evolution Of Crowdfunding

The next episode of IT Life Radio will discuss the growth and changes of crowdfunding and how it is attractive to larger enterprises.

David Wagner, Executive Editor, Community & IT Life

August 11, 2015

2 Min Read
<p align="left">(Image: <a href="" target="_blank">Celery</a>)</p>

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Does your enterprise have a crowdfunding plan? Does your IT department have capabilities to help your enterprise with crowdfunding? The concept presents challenges your IT department might not be ready for. We'll talk about all of that on IT Life Radio, this Wednesday, Aug. 12 at 2 p.m. ET.

Most people think about Kickstarter or Indiegogo when they think crowdfunding. And that's still a big part of the scene, but enterprises are starting to use crowdfunding, even companies you associate with strong analytics, forecasting, and supply chain abilities. Big companies such as Disney and Timex are in the crowdfunding business now.

That's because crowdfunding is helping to flip the manufacturing process. It used to be that you'd design a product, try to figure out how many you'd sell, build it, and then sell it. Now, you design the product, try to sell a bunch, and then build exactly the number you need. Less waste. Less risk. More profits.

That's hard to do, and it comes at a cost in complexity and in technology needs. On this episode of IT Life Radio, we'll talk about how changes in crowdsourcing are affecting large and small enterprises and what IT pros need to know about those changes. We've got Chris Tsai, founder and CEO of Celery, to help us keep track of the changes in crowdfunding. In this episode you'll learn:

  • Why large enterprises are getting into crowdfunding.

  • Why crowdfunding and pre-orders aren't exactly the same thing and how to handle both.

  • The technological challenges of crowdfunding.

Chris Tsai is co-founder and CEO of Celery, a pre-order platform for launching new products. Chris studied quantitative marketing at Wharton, computer science at MIT, and built his first PASCAL program when he was 12. The son of a serial entrepreneur, he has been working on tech and social finance startups since college. Before creating Celery, he led Groupon's expansion in Asia.

Tune into IT Life Radio at 2 p.m. ET on Wednesday, Aug. 12, and learn how to make crowdfunding work for your enterprise.

About the Author(s)

David Wagner

Executive Editor, Community & IT Life

David has been writing on business and technology for over 10 years and was most recently Managing Editor at Before that he was an Assistant Editor at MIT Sloan Management Review, where he covered a wide range of business topics including IT, leadership, and innovation. He has also been a freelance writer for many top consulting firms and academics in the business and technology sectors. Born in Silver Spring, Md., he grew up doodling on the back of used punch cards from the data center his father ran for over 25 years. In his spare time, he loses golf balls (and occasionally puts one in a hole), posts too often on Facebook, and teaches his two kids to take the zombie apocalypse just a little too seriously. 

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