Platforms like Kicksterter and Indiegogo are “reward-based” crowdfunding platforms, where backers receive a reward in return for financially supporting a project There is an element (usually an item produced, such as an album or book). . Reward-based platforms are primarily for creative projects looking to raise the money needed to complete a project, typically under $50,000. There are also platforms like Fundable.com that offer “equity-based” crowdfunding, where backers get a small stake in a company . Equity-based crowdfunding platforms are for startups seeking operating capital, typically $50,000 or more, from accredited investors in exchange for equity.
There are exceptions and the figure
Is only a rough guideline. Sourcing is completely different. TNW: Why do platforms like Kickstarter/Indiegogo attract so many backers? Is Brazil WhatsApp Number List part of the reason for this the psychology of people wanting to ‘participate from scratch’? CH: Early adopter psychology is definitely part of the reason. When people discover and support an interesting project, they often share it with their friends and social networks. and share something interesting.
In addition to being a charitable giving platform
KS/IG is most successful as an exclusive online store that pre-sells items not available elsewhere. Pebble Watch raised $10 million not because its backers Romania Phone Number List thought founder Eric Migicovsky was a nice guy (and he is). They raised $10 million because backers wanted Pebble watches. Pebble makes the most incredible products and tells and spreads their stories in vivid ways. That’s the key to crowdfunding success. TNW: What is the biggest mistake people make when setting up a crowdfunding project? CH: There are some.
