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Tag Archives: Top Crowdfunding Site

New U.S. Hybrid Rewards and Equity-Based Crowdfunding Site Based in Columbus, OH Surpasses $100 Million Milestone

17 Apr

The Fundable crowdfunding site allows entrepreneurs to launch rewards-based crowdfunding campaigns first, followed by equity crowdfunding campaigns backed by accredited equity investors

By Robert Hoskins

Columbus, OH – In a prelude to what may become the industry norm, Fundable.com announced that backers and accredited investors have pledged over $100 million in funding commitments for both rewards-based and equity-based crowdfunding campaigns. During the past 18 months, startups across all industries have utilized Fundable to move their businesses forward. Different from any other crowdfunding platform, Fundable is dedicated exclusively to helping businesses as they seek early stage growth capital. The crowdfunding platform claims to be receiving over 15,000 new company registrations each month.

The Fundable crowdfunding site allows entrepreneurs to launch rewards-based crowdfunding campaigns first, followed by equity crowdfunding campaigns backed by accredited equity investors

The Fundable crowdfunding site allows entrepreneurs to launch rewards-based crowdfunding campaigns first, followed by equity crowdfunding campaigns backed by accredited equity investors

According to Fundable CEO Wil Schroter, “We are thrilled with the incredible success that companies have found through Fundable. It’s amazing to see companies using funding to grow real businesses that are creating jobs and making an impact on the economy.” A veteran entrepreneur himself, Schroter has nearly 20 years of experience founding successful venture-backed startups. Schroter knew firsthand that access to early stage capital was a critical problem for emerging entrepreneurs, and wanted to create a platform to solve this.

Schroter says, “the success of Fundable’s hybrid rewards and equity system proves the need for additional expansion capital after a successful rewards campaign. Companies can prove demand for their business through a rewards campaign, and then meet demand and continue to grow through an equity crowdfunding campaign.”

Due to Kickstarter’s and Indiegogo’s lack of equity investment options,  successful crowdfunding campaigns are the taking the next step on Fundable when seeking addition rounds of funding.  For example, HIDDEN, Ube and Uncharted Play all utilized Fundable to raise additional expansion capital.

Unlike Kickstarter, which experienced a huge backlash from Oculus backers that cried foul when their early rewards -based  crowdfunding campaign raised $2.4 million dollars to launch the virtual reality computer goggles product line, Fundable can follow initial seed funding rounds with equity investment deals.

But just like Kickstarter, Indiegogo and more than another 1,000 crowdfunding platforms worldwide, Fundable is not allowed by the SEC to allow unaccredited investors to invest in equity investment deals.

Hopefully by the 3rd quarter of 2014 the rest of United States will be given the opportunity to strike it rich by investing in small startups.  If pledgers are willing to back a set of Oculus goggles for $300 to jump start a business, the same backers should certainly should have been allowed to recoup their investment when Oculus accepted a $2 billion buyout from Facebook.  According to Forbes, that $300 investment risk would have paid hobby investors a whopping $20,000 return on investment on their investment.

Fundable.com is one of the largest business crowdfunding platforms, with over $100 million in commitments, and is dedicated exclusively to helping entrepreneurs. Different from any other crowdfunding platform, Fundable offers both rewards and equity business crowdfunding options.

In an upcoming crowdfunding trend, Fundable recently acquired LaunchRock, a premiere tool for launching startup ideas, in order to acquire over 500,000 registered startup companies, 10 million users, and 15,000 companies.

The crowdfunding site is the brain child of veteran entrepreneurs who have raised countless venture capital and angel investment rounds to finance early stage growth startups.

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eBeggars.com Launches Crowdfunding Platform to Help with Medical Bills, College Debt, Personal Finances or Mortgage Payments

18 Aug

eBeggars.com is a microfunding site used by those looking to raise money for themselves or a specific cause

By Robert Hoskins

eBeggars.com is a microfunding site used by those looking to raise money for themselves or a specific cause. The practice, also known as online begging, allows users to participate in the online version of traditional begging or panhandling, by asking strangers for money to meet needs and even wants. These can range from basic food and shelter to insurance bills, college debt, personal finances and nice gifts. The platform provides an easy way for members to ask others for financial help while keeping pride intact.

eBeggars.com Launches Crowdfunding Platform to Help with Medical Bills, College Debt, Personal Finances or Mortgage Payments

eBeggars.com Launches Crowdfunding Platform to Help with Medical Bills, College Debt, Personal Finances or Mortgage Payments

Free membership signup allows users to begin posting unique and compelling stories or causes for donations. If an entry seems like it warrants sympathy, support or a donation, users can click on the thumbs up button. Those that are not convincing enough may receive a thumbs down vote. If fellow users find the story intriguing and genuine enough, they can process donations via PayPal. eBeggars does not take a commission or charge members fees. All posts, payment processes and usage on the site is free. Any and all payment from donors are sent directly to the recipient’s PayPal account.

Jay Abraham, the founder of eBeggars.com states, “We are thrilled to have accomplished this milestone and look forward to continuing to support those in need. Initially this was created as hobby site, but it turned out to a real help for a lot of people when they really need help and support.”

Requests on the site consist of pleas from students responsible for younger siblings that are in financial crisis, parents in unfortunate situations, individuals still burdened by the effects of a crippled economy, those ineligible for financial aid and even victims of unavoidable natural disasters.

eBeggars has made it possible for anyone to receive money simply by sharing a compelling story and asking strangers for help. Cyberbegging has proven to be yet another way to gain financial assistance in hopes of becoming debt free, to purchase basic necessities or to reach a personal financial goal.

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Need a Tax Deduction? Commit an Act of Random Crowdfunding to Promote Social Good on CrowdItForward.com

15 Aug

Crowd It Forward creates “Random Acts of Crowdfunding” for those in need, those who deserve it, and those who perform random acts of kindness to others

By Robert Hoskins

Crowd It Forward, a crowdfunding website owned and operated by the ClickStartMe Foundation, Inc., launched today. Crowd It Forward is a 501(c)(3) organization that accepts tax deductible donations and creates “Random Acts of Crowdfunding” for those in need, those who deserve it, and those who perform random acts of kindness to others.

Crowd It Forward creates “Random Acts of Crowdfunding” for those in need, those who deserve it, and those who perform random acts of kindness to others

Crowd It Forward creates “Random Acts of Crowdfunding” for those in need, those who deserve it, and those who perform random acts of kindness to others

“We are excited to extend the ClickStartMe brand with Crowd It Forward,” founder and crowdfunding expert Kendall Almerico said. “With our Random Acts of Crowdfunding, we can find people who need or deserve something good to happen to them, and we can make it happen through crowd funding.”

Crowd It Forward launched with two crowdfunding projects. The first involves raising funds for U.S. Marine Lance Corporal Myles Kerr, whose recent viral story touched the hearts of millions as he helped a nine year-old boy find his lost companions while running a 5K race. Crowd It Forward is raising funds for LCpl Kerr to send him and a companion to another 5K race of his choice, and to purchase the Marine a new pair of running shoes. Tax deductible donations for this project may be made here at Crowd It Forward.

The second Random Act of Crowdfunding involves Chelesa Fearce, an inspiring young woman who graduated as her high school’s valedictorian despite being homeless. Crowd It Forward is raising funds to help Chelesa with her ongoing educational expenses. Tax-deductible donations for this crowdfunding project may be made here at Crowd It Forward.

“Launching Crowd It Forward by helping LCpl Kerr and Chelesa Fearce truly illustrates what we are all about,” founder and crowd funding expert Kendall Almerico said. “We want to spread the word about positive news stories, and also to reward those who deserve to be rewarded, but would never ask for it themselves.”

CrowdItForward.com is a crowdfunding website owned and operated by the ClickStartMe Foundation, Inc. Crowd It Forward is a 501(c)(3) organization that accepts tax deductible donations and creates “Random Acts of Crowdfunding” for those in need, those who deserve it, and those who perform random acts of kindness to others. All donations to crowdfunding projects on Crowd it Forward are tax deductible.

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