Some top crowdfunding sites:
- Sidenote: with the JOBS act just signed by Obama, keep an eye on the details as they develop (here’s a good start at Forbes.com) as the JOBS act may change the way crowdfunding is done – for better or worse, it’s hard to tell at this point.
Regardless, right now may be a great time to get your product development, prototype or other startup expenses funded via crowdfunding.
As always, read the fine print when signing on the dotted line with any of these or other crowdfunding sites. We recommend going with a reputable site with a history and success stories. Good luck!
Kickstarter For entrepreneurs, innovators, artists and the like. If you need funding for you project, Kickstarter is a great place to watch and learn. With a lot of successful projects, there are some great examples on how to inspire a community to support your vision. Also, don’t be afraid to reach out and contact folks who have posted on Kickstarter, they are often more than willing to offer advice and help.The fees are in the fine print 5% + transaction fees, but basically, you must reach your set goal to get funded.
Indiegogo The platform is as simple Kickstarter. As they say on their site “Create Your Campaign” “Gain global exposure” and “Get Inspired”. The fees vary from 4% to 9% based on the success of your project and a few variables like credit card processing fees. Indiegogo also coins itself as the worlds largest global funding platform.
Interesting factoid – the movie “Bully” received some funding from a campaign on Indiegogo
Rockethub “RocketHub is a launchpad and community for independent artists and entrepreneurs” as it states on their site.
Two notable advantages of Rockethub – Internationally based, accept money from around the world.
Crowdtilt has a slightly different model. Watch the video on the homepage for a very quick and simple description. Crowdtilt is focused less on the Entrepreneur / selling an idea and more focused on managing money collected for anything like group funded birthday gifts. Where crowdtilt may be advantageous is for those individuals that have a strong and large social network group. Don’t count Crowdtilt out for your entrepreneurial product ideas, just be aware that it’s more of money management tool than a fundraising tool with incentives for contributors. Crowdtilt was birthed from incubator and is quickly picking up steam.
Have your own experience with crowdfunding? We’d love to hear about it! Leave a comment.
The Patents & Prototypes Team