5 Best Crowdfunding Sites Startup Entrepreneurs Should Know About
Crowdfunding is the collaborative effort of people who pool their funds and network with each other over the web, in order to support efforts started by other organizations or individuals. With seed capital getting tougher to gather for startups every day, more and more entrepreneurs are trying crowd funding platforms for raising funds for start-ups. Read on and know about 5 of the best such platforms that you can try as a startup entrepreneur.
Kick Starter is possibly the strongest and oldest platform for crowd funding. More than 74,000 projects have been launched on the site, and as much as 383 million USD have been raised for projects. With a 44% success rate, the site helps finance everything from technology to films, design, art, music and games. Kick Starter is ideal for entrepreneurs trying to gather funds for getting innovative projects off the ground.
This is another of the major crowd funding sites meant for startups. It assists investors to buy stock for as meager a sum as 100 USD. Founders can raise funds from enthusiastic users who offer business connections, marketing discourses, product feedback and more. The MIT Sloan School of Management founded the company in January 2010. At present, this crowdfunding platform has the support of 9,287 funders who promise to invest as much as 25,989,550 USD on startups.
It is one of the earliest and largest crowdfunding websites of the world. Indiegogo has assisted in gathering millions of dollars for more than thirty thousand campaigns across 194 nations. The platform was born due to the efforts of Slava, Danae and Eric who tried to gather funds for a project that they were enthusiastic about but found their funds to be short. These three individuals desperately tried to solve this problem. It was out of this desperation that Indiegogo was developed. It became a crowd funding solution which supports ideas and helps individuals to easily donate money.
This is different from the usual crowd funding sites. It is a social network based in Los Angeles for investors and entrepreneurs to network, crowdfund and expand. This company organizes a series of contests in various cities across the US, where there is competition among local businesses. There is the scope to win a maximum funding of 500,000 USD. However, the website mainly focuses on the American market.
It is a crowd funding platform meant for professionals with a creative streak, such as designers and developers. Recently, it has become very popular with the media and attracting a lot of attention. You can find project topics associated with different keywords as tags.
Keywords: crowdfunding, crowd funding, crowd funding sites, Kick Starter, Indiegogo
