How many people need funding for an idea? Funding solutions..... ongoing
- Thread starter water
- Start date
Kickstarter vs Indigogo vs StartSomeGood
StartSomeGood
- all contributions refunded if goal is not met, none kept by project (Fixed Funding)
- charges when goal is met (delayed contributions)
- does not offer tax deductions
- uses paypal
- smallest audience
Kickstarter
- there is a screening process
- largest audience
- uses Amazon payments which have an additional charge of 5%.
- charges when goal is met (delayed contributions)
- all contributions refunded if goal is not met, none kept by project (Fixed Funding)
- offers tax deductions for 501(c)(3) contributions
Indiegogo
- no screening process
- larger audience
- uses Visa, Mastercard, AmericanExpress
- uses paypal
- charges 9%, if goal is met a rebate of 4% is given, bring your net to 5%
- 3% processing fees, lower if proof of non-profit status is given
- contributions are withdrawn immediately via ACH from contributors
- for international payments via credit card there is a $25 wire transfer fee
- Fixed Funding: if goal is not met, all contributions are refunded
- Flexible Funding: if goal is not met, all contribution are kept minus fees
- offers tax deductions for 501(c)(3) contributions
http://support.indiegogo.com/entries/20492953-fees-pricing
From the above and considering the risk element inherent in a first project, I would recommend that you use Indigogo.
With Indiegogo, if you fall short on goal you would still be able to keep the contributions and you would have lessons learnt for the next project.
The downside is that you would not be able to utilize the larger audience of Kickstarter.
The larger audience would mean a larger discovery pool of contributors.
However both platform require work to engage an audience larger than existing family and friends of the project.
StartSomeGood
- all contributions refunded if goal is not met, none kept by project (Fixed Funding)
- charges when goal is met (delayed contributions)
- does not offer tax deductions
- uses paypal
- smallest audience
Kickstarter
- there is a screening process
- largest audience
- uses Amazon payments which have an additional charge of 5%.
- charges when goal is met (delayed contributions)
- all contributions refunded if goal is not met, none kept by project (Fixed Funding)
- offers tax deductions for 501(c)(3) contributions
Indiegogo
- no screening process
- larger audience
- uses Visa, Mastercard, AmericanExpress
- uses paypal
- charges 9%, if goal is met a rebate of 4% is given, bring your net to 5%
- 3% processing fees, lower if proof of non-profit status is given
- contributions are withdrawn immediately via ACH from contributors
- for international payments via credit card there is a $25 wire transfer fee
- Fixed Funding: if goal is not met, all contributions are refunded
- Flexible Funding: if goal is not met, all contribution are kept minus fees
- offers tax deductions for 501(c)(3) contributions
http://support.indiegogo.com/entries/20492953-fees-pricing
From the above and considering the risk element inherent in a first project, I would recommend that you use Indigogo.
With Indiegogo, if you fall short on goal you would still be able to keep the contributions and you would have lessons learnt for the next project.
The downside is that you would not be able to utilize the larger audience of Kickstarter.
The larger audience would mean a larger discovery pool of contributors.
However both platform require work to engage an audience larger than existing family and friends of the project.
A mix of both.
You bring your family and friends, their friends and other people on there notice and hopefully the other people jump in.
It's still a lot of work on you to use social media etc to ge the word out there.
I like Indigogo because you get to keep what you raised as opposed to kickstarter where if you don't meet goal, you get nothing.
Community organization.
thanx for the info..
freelance pharmaceutical sales.
jus saying. long as u have a plan right?
jus saying. long as u have a plan right?
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http://fundly.com
good for nonprofit/community projects
http://ignitiondeck.com/id/
crowdfunding plugin for wordpress
http://www.quirky.com/
u submit ur product idea to them, they build it n u share profits. interesting model. i dont know much but it looks cool.
good for nonprofit/community projects
http://ignitiondeck.com/id/
crowdfunding plugin for wordpress
http://www.quirky.com/
u submit ur product idea to them, they build it n u share profits. interesting model. i dont know much but it looks cool.
prosper.com will do business (and private) loans in amounts smaller than what banks will give.
Loans are funded by private investors.
Interest rates based on credit.
Also a place to invest if you have the funds.
Loans are funded by private investors.
Interest rates based on credit.
Also a place to invest if you have the funds.
Fuck Kickstarter, I am getting the run around on Amazon Payments which is blocking my access. They keep issuing some canned response...They never had problem taking my money when I bought shit from Amazon.
I guess the elites are trying hard to repress the truth from the people.
I guess the elites are trying hard to repress the truth from the people.
Great thread.
I'm looking to raise about $15,000 for a documentary on a non-profit I'm working with. We've been sending "inner city" kids here in Oakland to college all expenses paid since 1996. Money is drying up, so I want to follow up with all of the kids who have graduated college, have them tell their stories. Any help appreciated.
I'm looking to raise about $15,000 for a documentary on a non-profit I'm working with. We've been sending "inner city" kids here in Oakland to college all expenses paid since 1996. Money is drying up, so I want to follow up with all of the kids who have graduated college, have them tell their stories. Any help appreciated.
Sounds like you need help putting together a strategy with someone knowledgeable in alumni fund raising.
Check out AFP (Association of Fund Raising Professionals) and join http://www.afpnet.org/
Lot of contacts, people in the same space etc....
http://www.afpnet.org/About/content.cfm?ItemNumber=3120&navItemNumber=4399
Also check out http://www.taprootfoundation.org/ for donations of service e.g. website creation etc...
Good luck, sounds great!
bookmarked
Great thread. I was always told to go to the chamber of comerece
I know there has to be some better places for finding investors. Especially for a green company owned my a woman minority such as mine
u should definitely be able to find some $$.
I know!!
I've looked at grants...lots for minority women but the ones I saw where very specific on what they wanted u to do...like fresh water or farm shit
check out greenbiz.com and echoing green.
should find good articles and grants of interest.
Thanks for info
Community organization with people who care about the whole. Come together and conglomerate. Everyone bring theirs to the table, and agree to work for the betterment of the whole. Black women included. 
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