My entrepreneurship students are were interested in crowd sourced funding platforms after reading an article I provided them. Gonna share this list of 10 crowd source fundraising sites from Dowser. Here are a few:
33needs is a web application that connects investors to small-scale entrepreneurs around the world. The investor receives 3% and 33needs receives 5% of the funding target for a project. The site helpfully divides up projects into categories such as “education,” “the planet,” “community,” and so on. It’s brand new, and looks like it’s off to a promising start.
Profounder aims to help entrepreneurs get a community to invest in their project, creating a support base in addition to bringing in money. The site’s team gives guidance on creating a fundraising pitch, managing investments and returns, and legal issues. Profounder’s blog illustrates various stories of helping small businesses expand and get their products to new markets.
Microplace is a Paypal-owned company that allows investors to put their money into projects that aim to alleviate poverty. Users create an account on MicroPlace like you would at any brokerage firm. Users then receive quarterly interest payments and portfolio statements. When an investment matures, users can either get their money back or roll it over into anther investment.
Kickstarter targets artists and entrepreneurs who need funding to bring their creative projects to life. Its use of video as a means of sharing projects makes it particularly fun and simple. A project cannot begin, and no credit cards are charged, until enough pledges have been made to reach the funding target, so as to discourage poorly-executed projects. Project creators inspire people to open their wallets by offering rewards, such as “thank you” mentions on their personal blogs, or products from their projects.