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Crowdfunding sites - how to raise funds from friends and strangers
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DesignCrowd, 6/29/2010
Crowdfunding websites are a new way to get money from the community / other people for your project, charity or business and they are an exciting new application of crowdsourcing!

Here's a definition of crowdfunding from Wikipedia:
Crowd funding (sometimes called crowd financing or crowd sourced capital) describes the collective cooperation, attention and trust by people who network and pool their money together, usually via the Internet, in order to support efforts initiated by other people or organizations. Crowdfunding occurs for any variety of purposes, from disaster relief to citizen journalism to artists seeking support from fans, to political campaigns.
Last week we met the founders of Fundbreak (Rick Chen and Alan Crabbe) a crowdfunding website for Australian creatives (designers, artists, musicians etc).  As DesignCrowd is a 'crowdsourcing platform' (a close cousin of sites like Fundbreak) and our community is full of creatives and entrepreneurs we thought we'd share the concept of crowdfunding (and some example crowd funding sites) with everyone!

Here are 4 good crowdfunding sites you should consider:

#1 - GrowVC (for business ventures)
Crowdfunding site for business!  Got a great idea but don't have any venture capital (VC) contacts?  Try GrowVC (Grow Venture Community) the self-proclaimed 'Virtual Silicon Valley'.

Crowdfunding example screenshot - GrowVC

#2 - Kickstarter (for creative projects)
Post creative projects from food to film to fashion.  Kickstarter take a 5% fee of what you raise and its all or nothing (if you don't raise your target you don't get any funds).

Crowdfunding example screenshot - kickstarter

#3 - Fundbreak (for Australian creative projects)
Australian crowdfunding website for creative projects and ideas (currently in Beta).  Free to list a crowd funding project.  Keep it running from 1 to 50 days.  Success fee varies from 5% to 7.5%.

Crowdfunding example screenshot - Fundbreak

#4 - Indiegogo (for creative projects)
Nominated for a webby award but also second to market after Kickstarter.  Good thing is you don't need to 'hit your fundraising target' to receive the money people have pledged.

Crowdfunding example screenshot - Indiegogo.com

Crowdsourcing, crowdfunding, crowdawesome.

Hope that was useful!


Comments

Comments
Hi DesignCrowd,

Thank you for this article and for raising awareness about crowdfunding. I would suggest you add www.RocketHub.com to the list as well. I recently read about them in Tonic - http://www.tonic.com/article/new-site-helps-cash-strapped-creatives-crowfunding-rockethub/ - and they seem to be the only really grassroots organization.

Cheers,
Charles
by Anonymous on 08 Jul 2010
Reply
A good article, i would like to share info on our crowdfunding platform with you, A8muf Crowdfund.

We know how hard it is raising funds, having done it ourselves so we offer our crowdfunding platform for FREE, we charge no fees to use the service, donations are sent direct to the project creators Paypal account

A8muf crowdfunding http://a8muf.com/crowdfund/ is open to creative and entrepreneurial individuals around the World to fund their dreams by way of crowd sourced capital (crowdfunding).





by A8muf on 24 Jun 2011
Reply
http://www.fondomat.com is the Czech Republic's first crowdfunding website that enables you to realise your dreams, help those in need or fund your next big project via its innovative crowdfunding system. In English and Czech language versions.
by fondomat on 28 Jul 2011
Reply
You really found a way to make this whole precoss easier.
by Jeanne on 18 Oct 2011
Reply
If you're looking to buy these articles make it way esaeir.
by Buffee on 20 Oct 2011
Reply
This article is for professionals..!!
by www.jwkitchens.co.uk on 20 Jan 2012
Reply
Received the letter. I agree to exchange the articles..
by link on 31 Jan 2012
Reply
I would add something else, of course, but in fact almost everything is mentioned!....
by link on 31 Jan 2012
Reply
I must admit, the webmaster has written cool..!!
by link on 02 Feb 2012
Reply
I am amazed with the abundance of interesting articles on your site! The author - good luck and wish you the new interesting posts..!!
by link on 02 Feb 2012
Reply
Hi! That's a great collection of sites you mention.

I'd just like to add our own crowdfunding site - Go Get Funding (http://gogetfunding.com). We launched in late 2011 and have helped individuals and businesses raise several thousands of dollars so far. We continue to grow thanks in part to our innovative social features.

All the best!
Sam
by Sam on 27 Mar 2012
Reply
Let me add our crowd funding site as well - www.ipledg.com. iPledg helps those with creative, commercial, charitable and community projects raise money through crowd funding. And recently we were awarded a position in StartUpSmart's Top 50 start up businesses in Australia
by Bryan on 08 Apr 2012
Reply
Great Site! Lots of good information. Keep up the good work! Ya Hoodia
by Hoodia on 18 Apr 2012
Reply
Thanks
by kitchens manchester on 18 Apr 2012
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