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Top Ten Crowdsourced Funding Platforms

Top Ten Crowdsourced Funding Platforms

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Published by: Crowdsourcing.org on Feb 15, 2011
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02/03/2013

 
Top ten crowdsourced funding platforms 
 
February 8th, 2011 11:00 AMByRachel Signer 
 Whatever project you can dream up, there¶s a crowdsourced fundingplatform out there for it. Entrepreneurs, investors, journalists, artists,environmentalists, educators, nonprofits and charities are using thesesites to fundraise and turn their visions for social change into realities.These sites provide more than just a donor base -- they create an onlinecommunity of people who care about your cause and want to followyour progress.
1.spot.us
is a funding platform for citizen journalism. Users can submitstory tips, and journalists pitch their story ideas for funding. Reporterscan also recruit users to help them with a story, which is later posted onthe site. Reporters keep 90 percent of the revenue, the rest goes to siteeditors. If you¶re low on cash but want to participate, you can support astory of your choice at no cost through earning points by taking a surveywith a spot.us sponsor. The site hosts some excellent stories done byhardworking, independent investigative reporters.
2.33needs
is a web application that connects investors to small-scaleentrepreneurs around the world. The investor receives 3% and 33needsreceives 5% of the funding target for a project. The site helpfully dividesup projects into categories such as ³education,´ ³the planet,´³community,´ and so on. It¶s brand new, and looks like it¶s off to apromising start.
3.Profounder 
aims to help entrepreneurs get a community to invest intheir project, creating a support base in addition to bringing in money.The site¶s team gives guidance on creating a fundraising pitch, managinginvestments and returns, and legal issues. Profounder¶s blog illustrates
 
various stories of helping small businesses expand and get their productsto new markets.
4
.Microplace
is a Paypal-owned company that allows investors to puttheir money into projects that aim to alleviate poverty. Users create anaccount on MicroPlace like you would at any brokerage firm. Users thenreceive quarterly interest payments and portfolio statements. When aninvestment matures, users can either get their money back or roll it over into anther investment.
5.Kickstarter
targets artists and entrepreneurs who need funding tobring their creative projects to life. Its use of video as a means of sharingprojects makes it particularly fun and simple. A project cannot begin,and no credit cards are charged, until enough pledges have been made toreach the funding target, so as to discourage poorly-executed projects.Project creators inspire people to open their wallets by offering rewards,such as ³thank you´ mentions on their personal blogs, or products fromtheir projects.
6.IndieGoGo
, similar to Kickstarter, also caters to artists and creativeentrepreneurs. What¶s different here is that you can close a projectbefore full funding, but the transaction fees also go up from 4% to 9%.Users can offer unique perks or tax deductions to contributors in lieu of offering profit, but always keep 100% ownership. IndieGogo benefitsfrom an attractive, user-friendly site that makes it fun to browse throughthe projects.
7.Crowdrise 
allows you to support charities and volunteer organizations by voting for their projects on the site, donating money, or helping them fundraise. You can create a profile to help raise money for a charity, or join an existing project team. Crowdrise deducts 5% ondonations made through the site and charges a $1 transaction fee for donations under $25 or a $2.50 transaction fee for donations $25 andover. Crowdrise already has 1.5 million charities on board.
8.Firstgiving
helps organizations plan, execute, and measure successfulonline fundraising campaigns and events. Nonprofits can make a page tosend to their supporters, or individuals can create a page to raise fundsfor an organization. With 8,000 organizations and 13 million onlinedonors participating, and $1 billion raised online, Firstgiving¶s servicesappear wide-reaching.

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