Based On Figures, These are the Best Crowdfunding Platforms Out There
Knowing that crowdfunding ia a great way to raise money for your business is one thing, but for startups, choosing the right kind of crowdfunding platform is usually the toughest choice, since a lot of them are available for any startup’s use. Crowdfunding is not usually the initial way startup companies start, but it is the means that they use to increase funding so they bring their business to a different level – especially when they believe their innovative ideas can really take off. The initial step they need is to take is find the best crowdfunding platform. To make that choice, two things that should be considered is the type of campaign you will launch, and the goals you want to set for your project. You cannot just go around and choose the most popular one or the crowdfunding site that offers the cheapest rates. Your choice needs to depend on the best platform available to consumers that will meet your campaign needs.
Due the increase in its popularity, rules have been formed on October of 2015 to regulate fundraising campaigns made through different crowdfunding platforms (in the United States) called Reg CF or Regulation Crowdfunding. The guidelines were created by the Securities and Exchange Commission, in order for companies to be transparent with the business they wish to create crowdfunding campaigns for and what they offer to donors, as well as to set limits for individuals who wish to buy offered equities through crowdfunding. For one, Reg CF decrees for small companies and startup to put up funds with a maximum of $1,070,000. Ever since it’s begun, SEC has recorded an approximate number of 1,000 companies who have registered with them set out to create crowdfunding campaigns, and a total of $127 million is the amount of money raised through said campaigns.
Through data gathered, here is the list of the best crowdfunding platforms at present.
If you are looking for a platform with the highest campaign success rates, Nextseed may be the one for you with their showing a high 93% success rate. That simply means that 28 out of 30 campaigns started on Nextseed were funded. Keeping the core of the platform on a specific crowdfunding business types, model, and fast and foolproof returns is the secret of the platform in reaching high success rates for their campaigns. In a nutshell, most campaigns on Nextseed are those from companies that have standing offices or stores that the common investors could easily figure out and thus fund.
According to crowdfunding campaign data, half of companies who registered with SEC to be governed by the Reg CF rules chose the StartEngine for their crowdfunding campaigns. CEO Ron Miller has said that the reason why a lot of startup have chosen them is because of their aim is to find the individuals with the finest skills on entrepreneurship, and they provide the best coaching assistance to their clients/members by guiding them every step of the way until they reach their goal or achieved the amount they needed to reach for their campaigns. So if you are looking for a trusted one, since they are the choice of many startups, you might want to go with StartEngine.
When it comes to the platform that has put up the most amount of money through crowdfunding campaigns, Wefunder is the leader. The reason behind that, as per its CEO Nick Tommarello, is the company’s involvement with investors and other business people from Silicon Valley. In short, they are the favored choice for tech startup companies. And we all know the most successful crowdfunding campaigns are tech related – new apps and new gadgets.
Nextseed may have the highest success rates among the platforms, while StartEngine leads as the common choice, and Wefunder’s edge is with the biggest total amount of money raised, but when it comes to average money raised for each campaign, SeedInvest is the frontrunner. So technically, what SeedInvest leads in is the category that is most critical for a crowdfunding campaign. The platform is said to boast of having the richest investors, and they have a total of 37,000 accredited ones. If you are trying to raise a lot of money for your company, you may want to try SeedInvest. Do not get your hopes up, though, because it apparently is very ‘choosy’ with the startup applicants.
More in Crowd Funding
The Big Ivy League Dream: How You Can Make It Come True
There are presently a total of 8 Ivy League schools — the University of Pennsylvania, Princeton, Cornell, Dartmouth, Brown, Columbia, Harvard...November 21, 2018
How the Rich Spend Their Money Differently than the Poor
Americans generally spend most of their money for housing, food and transportation. But the image looks very different upon comparing America’s individuals with the...November 20, 2018
How Patreon Became More than Just a Crowdfunding Site
Creative industries worldwide have been transformed by the internet as music, words, video, games and images are being disseminated worldwide in...November 19, 2018
These Fashion Houses Went from Bankruptcy to Billions – Part 1
In fashion, everything is in a flux and nothing is certainly permanent. Even if creative directors leave their posts and the...November 16, 2018
Wall Street Lowers a Risky Rift with Saudi Arabia
Rising tensions between Saudi Arabia and the US could translate into problems for American business interests and the economy is already...November 14, 2018
Super-yachts for the Super-rich: 2018 Edition
The greatest number of the globe’s most luxurious and largest yachts in this country, will be on show during the Fort...November 13, 2018
Crowdfunding Tropicfeel can Lighten The Load Off Your Next Vacation
Lucas De Gispert and Alberto Espinós are serious travellers and they love it. With their base in Barcelona, Spain, they have...November 12, 2018
You Won’t Believe How Much These Pieces of Jewelry are Worth
Jewelry has always played a very central role in our culture for many millennia, whether we speak of remote Ancient civilizations...November 9, 2018
The Richest Pastors in the World: Private Planes, Big Real Estates and Fancy Cars Galore!
It was once said by Scientology founder, L. Ron Hubbard, that a person who wants to get rich should start a religion....November 8, 2018