The Daily Dig for Wednesday, May 14

If you happened to stumble by BT for the first time today, you picked the perfect day, as today’s Daily Dig gives you a crash course in alternative finance, including history, site pros and cons, bank malfeasance, interesting campaigns, and seed funding announcements.

Fundable’s Wil Schroter provides crowdfunding primer

Crowdfunding’s origins, the legislation most affecting it and some of the main influences are covered in a Forbes post by Wil Schroter.

Patreon a boon to creators

Singers, writers, artists and other creative types are getting a boost from Patreon, a crowdfunding site that is enabling them to create the type of work they have long dreamed of, says Laura Hudson.

MoMA gift store selling Kickstarter products

Popular Kickstarter products now have their own retail store at New York’s Museum of Modern Art.  Simon Martin published an album of some of the wares.

Aviation buff thinks Earhart plane already found, crowdfunding $2 million to prove it

Most Amelia Earhart buffs believe the famed flier crashed near Howland Island in the South Pacific.  Dana Trimmer believes previous sonar images have identified the plane, but needs just under $2 million dollars to prove it and has turned to Kickstarter to generate it.  Giuseppe Macri reports.

Musician shares experiences with different crowdfunding sites

There are a number of sites musicians can turn to when producing content or going on tour.  Enter the Haggis front man Brian Buchanan shares his experience with a few.

German P2P raises $16 million Series B

Foundation Capital, Partech Ventures and Scott Bommer join previous investors with a stake in Auxmoney, a German P2P service.  More details can be found here.

Game of Thrones banks eerily similar to real life

The Iron Bank of Braavos from the hit series Game of Thrones is a giant that dwarfs the competition, putting it in a similar spot as some real-life banks in the the twenty-first century, writes Elyssa Kirkham.

British big banks socking away billions to cover fines and other penalties

Britain’s big four banks have ponied up almost 25 billion pounds over the past six years, but that is small potatoes (crisps?) compared to the tab they got stuck with last year, says Jill Treanor.

Aussie inquiry head says big banks got government boost

David Murray leads the Australian government’s inquiry into the financial system and how it operated during the crisis.  He believes government underwriting gave the four biggest banks an advantage the smaller players did not have, says a report in the Aussie blog CompareDinkum.

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