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What if your $1 donation could result in a $100 contribution to a cause you believe in? That’s the promise of quadratic funding: a new kind of crowdfunding model that uses math to distribute funds based on the number of contributors, rather than the amount given. Gitcoin founder Kevin Owocki dives into the principles and pitfalls of this approach to philanthropy, where “many small donors are more powerful than one large donor.” After the talk, Sherrell reflects on how digital tools are transforming the way communities get their needs met.
Want to help shape TED’s shows going forward? Fill out our survey!
Hosted on Acast. See acast.com/privacy for more information.
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384384 ratings
What if your $1 donation could result in a $100 contribution to a cause you believe in? That’s the promise of quadratic funding: a new kind of crowdfunding model that uses math to distribute funds based on the number of contributors, rather than the amount given. Gitcoin founder Kevin Owocki dives into the principles and pitfalls of this approach to philanthropy, where “many small donors are more powerful than one large donor.” After the talk, Sherrell reflects on how digital tools are transforming the way communities get their needs met.
Want to help shape TED’s shows going forward? Fill out our survey!
Hosted on Acast. See acast.com/privacy for more information.
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