7 Crowd Funding Platforms That You Can Trust
Say what you will about the interconnectivity that the internet has brought us—it has opened a lot of doors that would normally never have been available otherwise. Not the least of which are its benefits on the financial side of things. When before a person with an idea for a small business would have no other recourse but to go, cap in hand, to the nearest bank or credit union to get a loan for funding, these days, the options are much more varied—some of which are plain sailing.
Take crowd funding, for instance. This has only become a buzz word in the last decade or so, but it has raised millions of dollars for various projects, startups, and social causes worldwide since. In a nutshell, crowd funding refers to collaborative funding, which is a true offshoot of today’s large collaborative economy.
While we usually encounter crowd funding on social media with people in our networks soliciting for funds for various causes and illnesses, crowd funding is actually much more than that. In fact, it has since branched out to include investment crowdfunding which gives you a chance to be a shareholder in a fledgling company requiring funding, mobile solutions, localization or geography-specific funding, and even for groups.
And because of the growth of the crowd funding movement, it is only natural that many would want to get in on the bandwagon, which explains the proliferation of crowd funding sites that seem to grow exponentially in number by the day. So without further ado, let us take a look at the best crowd funding sites available today:
As far as crowd funding goes, Kickstarter is a true household name, being the largest and most well-known of the bunch. Since it was launched in 2009, it has raised over $1 billion for a whopping 67,000 projects. What makes Kickstarter so successful is that it actually offers incentives to backers through creative gimmicks. It is also, by far, the most trusted as submissions are studiously reviewed by a dedicated staff. However, Kickstarter is a lot more geared towards small business startups and their often inventive projects.
Unlike Kickstarter, GoFundMe is actually a lot more personal in nature. Submissions usually range from raising money for a requisite surgery to asking for donations for family projects and vacations. Because of its largely personal reach, it has raised over $400 million for various causes, including $3 million for victims of the Boston Marathon bombings. It also has a small business demographic, which is largely based on the arts.
Launched as early as 2008, Indiegogo is one of the very first crowd funding sites, making it a true pioneer in the industry. It is also rather well-funded, catering mostly to artistic endeavors like films, music, and the arts. Indiegogo recently made headlines for hosting an initiative to build a Tesla museum, which is one of the most iconic and most successful crowd funding projects there is.
Crowdrise is largely for charitable initiatives, as well as for events, most notably the Ironman Race Series and both the New York and Boston Marathons. It makes use of “impact points” that drives submissions further into the front of the site with each donation it receives.
Crowdfunder is a small business startup’s best friend. It is unique in such a way that it allows startups to raise funds by selling securities that are either debt or revenue based, as well as selling equity. This is a true favorite of venture capitalists, as well as those who are looking for them. There have been instances where projects which needed $1 million to $2 million, ended up attracting and raising over five times the needed amount! And that surely, can’t be a bad thing.
RocketHub is rather straightforward in that it’s a platform for raising funds. However, it has the added bonus of providing project and startup owners with free training in marketing and development. It is also partnered with Project Startup, which handpicks projects from RocketHub and features them both on air and online.
If you are an app developer looking to get your app project financed, then this is the crowd funding platform for you. Appbackr is open to apps that are currently under development or those that are already live but need further work. It works by letter “backers” purchase copies of the app in the Appbacker marketplace. Then, when this app goes live on mobile app stores, they take a cut off the price difference.
Indeed, crowd funding platforms may be a dime a dozen these days, but there are still those that stand out from the pack, making them a great place to get started, if crowd funding is in the cards for you and your project or startup.
More in Crowd Funding
The Cute Story of How Prince William Finally Got Serious About Kate Middleton
William and Kate Middleton, Duke and Duchess of Sussex may appear to be the perfect royal couple, but there was a...May 21, 2019
According to Oprah, Anybody can Relate to THIS Thing that Prince Harry Does
Those who have witnessed the late Princess Diana’s parenting techniques would remember how she tried her best to let her kids live...May 20, 2019
This is the Reason Why JLo is Not Planning Her Wedding Just Yet
Jennifer Lopez and Alex Rodriguez were engaged in March, but the pressure is on the singer-actress to set a date for the...May 17, 2019
Adele and Husband Simon Konecki Announce End of their Three-Year Marriage
After seven years of being together, Adele and husband Simon Konecki are calling it quits. Of these seven years, the couple had...May 16, 2019
Chrissy Teigen Talks about How She Teaches Her Kids to ‘Give Back’
Chrissy Teigen is very active on social media, which makes her an easy target for detractors, especially the ones who question her parenting...May 15, 2019
You Won’t Believe who Jennifer Lopez and Alex Rodriguez Went Out on a Double Date with
When you see Jennifer Lopez and Joanna Gaines together, your first thought would be that the latter is a great fan...May 14, 2019
Queen Elizabeth’s Gift to Kate Middleton on Her Wedding Anniversary is Like No Other
Parents-in-law normally do not usually give out presents to their daughters-in-law or sons-in-law during wedding anniversaries, especially when it’s not a...May 14, 2019
KJ Apa Talks About His Close Relationship with the Late Luke Perry, His TV Dad
Even though quite some time has passed since the death of 52-year-old actor Luke Perry due to a massive stroke in March...May 13, 2019
Scott Disick Hopes Sofie Richie Is Not Offended With His Comments About Kourtney Kardashian
If you watched the latest episode of Keeping Up with the Kardashians, you may have heard the bomb that was dropped...May 13, 2019