Tag Archives: Foodstart

Top 100 Crowdfunding Sites for Equity-based, Rewards-based, Perks-based and Donation-based Fundraising Campaigns

2 Jun

Click Here to Review the 2015 Top 10 Rated Crowdfunding Sites to Help Anyone Launch a Fundraising Campaign to Raise Money to Bring Creative New Business Ideas to Fruition

By Robert Hoskins

Austin, Texas – Thinking about launching a Crowdfunding campaign to raise money to fund your creative business idea and bring it to fruition?  The Crowdfunding Press Center provides regular news reports on new Crowdfunding sites that have opened their doors to help entrepreneurs and small businesses launch fundraising campaigns to help bring their ingenious business ideas to fruition.

Top 10 Crowdfunding Sites for 2014

Top 10 Crowdfunding Sites for 2014

The big question that most crowdfunding campaign managers want to know is what crowdfunding site is the best to launch their fundraising campaign? Kickstarter vs. Indiegogo, which crowdfunding site is better? Or would one of the other crowdfunding sites outlined below be a better match for their precise crowdfunding goals and objectives.

Directory of Recently Launched Crowdfunding Sites: [Click to Tweet]

Directory of the Top Rewards-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Disaster-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Non-Profit-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Music-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Film-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Design-Based Crowdfunding Prototyping Sites[Click to Tweet]

Directory of the Top Sports-Based Crowdfunding Sites:

Directory of the Top Publishing-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Photojournalism-Based Crowdfunding Sites

Directory of the Top Arts & Crafts-Based Crowdfunding Sites:

Directory of the Top International-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Crowdfunding Accelerators, Boot Camps, and Incubators:

Directory of the Top Lending-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Donation-Based Crowdfunding Sites[Click to Tweet]

Directory of the Top Equity-Based Crowdfunding Sites[Click to Tweet]

Directory of White-Label Crowdfunding Site Providers[Click to Tweet]

Directory of the Top Securities-Based White-Label Crowdfunding Site Providers: [Click to Tweet]

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New Restaurant and Food Truck Crowdfunding Platform Allows Anyone to Launch a Food Service Business

23 Apr

By Robert Hoskins

Foodstart.com opened its virtual fundraising doors for restaurants nationwide in the United States to provide a new finance to help restaurant and food truck owners can raise capital online in small increments from their extended community of friends, family, and future customers. Only instead of a cash return, backers receive perks and rewards like free dessert, discounts, and cooking workshops.

Restaurant and food truck owners now can raise capital online in small increments from their extended community of friends, family, and future customers.

Restaurant and food truck owners now can raise capital online in small increments from their extended community of friends, family, and future customers.

Among its unique offerings: a$1,000 seed-match for businesses, physical cards for backers, and a free, social-media marketing program.  In other words, Foodstart.com enables debt-free financing while also creating a loyal customer base.

“We did a lot of research before starting,” Founder Alex Sheshunoff said.  “Turns out, when it comes to restaurants, many people want to feel like they are on the inside as much as they want a specific financial return. Which makes sense. If you give a friend $200 for his restaurant, you don’t want an 8% return on your money – that’s $16.  Instead, you want your name on a menu item and a behind-the-scene tour.”

Sheshunoff explained that he came up with the idea after being unable to invest in a friend’s new restaurant.  “My friend had a good concept and a great location. I wanted to give him $500, mostly so I could say I was an early backer.  He wanted to take it, but there was no mechanism for him to handle such a small amount. I figured we weren’t the only one with this problem – there are 22,000 independent restaurants started every year.”

Foodstart.com has been up in beta for just a few months, but already more than 30 restaurants and food trucks have signed on, perhaps enticed by its low 4% fee and lack of setup costs.  One was Wilson’s BBQ in Fairfield, Connecticut.  Proprietor Ed Wilson wanted to expand to a second location so turned to Foodstart. “After I posted my campaign,” Wilson explained, “Foodstart sent me some custom fliers.  Turns out, one of my customers is an investment banker, and it looks like we’re going to get all of our funding!”

Sheshunoff chose to focus restaurants and food trucks because of the emotional appeal they have for people.  “No one is really excited to invest $100 in a friend’s dental practice to get a free teeth cleaning.”  He admits that raising money from a broad group isn’t a new idea. “The Green Bay Packers first sold shares to the public in 1923.  Even though shareholders get only a certificate and a behind-the-scenes tour, they now have 360,000 shareholders  – and the most passionate fans in football.  We’re just applying the samBe concept to restaurants.”

Foodstart.com advisory board member, Steve Rockwell a restaurant industry consultant and former equity research analyst, said this kind of community-funding model will be a key part of restaurant finance in the future. And Rockwell should know.  He’s helped companies such as Ruby Tuesday, Outback Steakhouse, Papa John’s, and Jamba Juice raise over $1 billion in public and private equity. “Most independent restaurant owners have limited financing options.  A platform like Foodstart’s not only helps them raise capital, but almost as importantly, it creates a network of loyal customers.  And that’s something traditional sources of capital have a hard time doing.”

Want to generate news for your Crowdfunding PR campaign?  Select one of the following categories and post your press release:  Business CitiesCommunitiesCrowdfunding PlatformsEducationFilmMusicEntertainmentGamesVideosSocial GoodSolarRenewable EnergySoftwareHardware, and Technology Gadgets.   Don’t see your category listed? Tell us to add it and we will.

Both Crowdfunding platform owners and Crowdfunding campaign managers and PR staff can post their news and press releases into these free discussion forums to promote maximum social media exposure.

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