“Whenever you’re trying to do something new in this world, if you’re trying to create any kind of meaningful change, especially change that you know will help the world, you have to expect resistance.” – Danae Ringelmann
Danae Ringelmann wanted to democratize the way funds were raised and so came the idea of Indiegogo . Perry Chen was feeling frustrated by his experience of trying to put together a concert and that laid the foundation for Kickstarter.
Grasruts, does not have any splendid tale behind its establishment. It was started when I realized how powerful crowdfunding can be if used properly. The potential of people coming together to bring an idea to life or lend a helping hand during tough times is immense.
On June 2017, Grasruts was registered after struggling legally for months. During that time, we understood how rough the road ahead will be for Grasruts and why very few people were inclined to start a crowdfunding platform. We knew what we were getting into and we were ready to face any consequences for what we believed.
It was hard educating people about crowdfunding. People were very skeptic that we might steal their ideas or misuse the fund. I don’t blame them. There are a lot of instances where funds were mishandled for eg the Gorkha earthquake and the Terai flooding. Maybe, this is why we need Grasruts. We need transparency in fund raising. Fund raising should be monitored and that’s what Grasruts is here for. Donors have the full right to know how their funds are being utilized, who is raising the fund and how much they have raised.
On Feb 2018, we launched our in house campaign,Manjushree Trail, to learn more about the crowdfunding scenario in Nepal. The campaign was 101% funded on March 2018.
This is Grasrtus’s small history.