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Read the transcript of Successful Kickstarter with Karen Diggs here (PDF)
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The Solari Report 2014-10-16
Listen to the Interview MP3 audio file
Audio Chapters
Introduction
Theme “Laughing All The Way”
Money & Markets This week in Money & Markets, Catherine discusses the market correction that is currently being experienced. She also takes a look at the cost of oil and Russia’s development of a hybrid nuclear reactor. Also discussed is the Ebola fear mongering that seems to be coming from everywhere.
Hero Our hero this week is Allan Law, a retired school teacher from Minneapolis who last year gave out 520,000 sandwiches to the homeless.
Ask Catherine Catherine answers questions submitted by subscribers.
Question #1:
Catherine, would you please post a short response on Solari.com to the following article? Thanks.
http://www.bloomberg.com/news/2014-10-13/rothschild-seeks-partners-in-fast-growing-african-markets.html?cmpid=yhoo
Question #2:
Dear Catherine:
It seems to me that the Affordable Care Act here in the United States has really increased the total amount of money paid into the overall healthcare system. Have you heard any figures or estimates as to how much more money this “Af-fordable” Act is now costing us?
Question #3:
Hi Catherine,
I was just listening to a disturbing interview with Greg Morse, wherein Mr. Morse claims that all stocks, bonds and mortgages are basically owned by Cede & Co. If I understand the man correct-ly, any stock bought on an exchange is a merely derivative, and consequently, merely a claim on the underlying asset. He also makes similar claims regarding the mortgage on one’s home. Is this more, “sky is falling” baloney, or is this something to take seriously? Thank you for always be-ing there, and for everything you are doing to help us navigate these challenging times.
Let’s Go to the Movies! This week in Let’s Go to the Movies, Catherine reviews The Art of Asking a TED Talk given by Amanda Palmer on her philosophy as a performance artist.
Interview Discussion Catherine discusses her interview with Karen Diggs on her successful Kickstarter campaign called Kraut Source.
Closing
October 23: A Report with Jon Rappoport
October 30: Gary Webb – Narco Dollars and You
November 06: A Report with Dr. Joseph Farrell
“Keep calm and hire yourself”~Seen at Pinterest
By Catherine Austin Fitts
Kickstarter is the largest platform for crowdfunding creative projects. Since starting in 2009, Kickstarter has helped to raise over $1.3 billion for 71,350 successfully funded projects.
The US micro-equity and venture markets are still waiting for the Securities and Exchange Commission to publish regulations implementing provisions of the JOBS Act to permit the sale of securities through crowdfunding portals. In the meantime, foreign portals are growing as are US online platforms such as Kickstarter that finance entrepreneurs through gifts and pre-production orders.
One of the attractions of crowdfunding is that it provides access to funding and support for many people who have traditionally been shut out of capital raising avenues: artists, geeks, documentary makers and – you guessed it- women. A recent academic study reported in WSJ shows a high participation rate of women both funding and leading successfully funded projects on platforms such as Kickstarter and Indiegogo.
This week on The Solari Report, I will speak with San Francisco Bay Area nutritionist and chef Karen Wang Diggs about her highly successful kickstarter project Kraut Source. Karen is a chef with extensive experience both in North America and Asia as well as a gifted entrepreneur with a knack for helping busy people combine good health and fresh, delicious food.
Karen and her partner launched their campaign to raise $35,000 to launch Kraut Source – kitchenware for making fermented foods like sauerkraut and natural pickles. Kraut Source blew by their goal, raising $184,133 from 3,355 funders. (I was one) That is quite a customer base with which to start a business! Karen just returned from the New York Maker Faire where Kraut Source was one of five successful projects highlighted by Kickstarter.
Should you consider crowdfunding? How do you do it? What works and why? Karen and I will walk you through the ingredients to her success. Send or post your questions!
In Money & Markets this week I will discuss the latest in financial and geopolitical news.
In Let’s Go to the Movies, here is “The Art of Asking,” Amanda Palmer on her philosophy as performance artist and attractor of global crowdsourced support.
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Talk to you Thursday!
