Google Invents Event Crowdfunding

Google’s underground tech team called “Area 120” has created a way to have live crowdfunding events for YouTubers.

Variety reports that “the service allows creators to invite their fans to virtual meet & greet sessions and other paid online events.”

The Fundo website says merely: “Fundo is an experimental project within Area 120, currently in beta. If you’re a creator on YouTube or other platforms and you’re interested in new ways to engage your audience, please request an invitation to Fundo.”

fundo

So far it appears that YouTube celebrities have been having live video chats and charging their fans to participate in a more intimate manner where, for example, Mexican personality Key Risquee sold personalized shout outs for about $4/each.

This could be a place for film/television entrepreneurs to find a new audience that might contribute towards features or streaming series.

https://variety.com/2019/digital/news/google-area-120-fundo-crowdfunding-1203304330/

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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