There are a wide array of crowdfunding platforms, each with its own unique spin on raising funds. Some platforms support charitable or creative campaigns, others reward-based campaigns, while still others support equity-based campaigns. Some are for accredited investors only while some are open to all types of investors. Some are designed to help raise funds for product development while others are looking for donations to help an individual or family deal with personal needs. While some are designed to help charities raise money. The following list should help you make some sense out of which platforms are best suited for your crowdfunding needs:
- Kickstarter is the largest platform with over 13 million visitors a month. It is a good platform to host product and event campaigns, but not social causes.
- Indiegogo has upwards of 9 million visitors a month and is similar to Kickstarter. Here you can raise funds for any legal project. It is a good platform for not only raising funds from domestic sources, but international ones as well.
- RocketHub is the next most popular platform and is known for its support system “Success School.” It offers many funding models, including ones where you get to keep pledges even is you never meet your funding goals at the end of the campaign. Since they partner with A&E, business owners have the chance of being featured on TV and on the A&E website.
- Crowdrise is similar to RocketHub in that it has flexible funding models where you can keep pledges even if your goals are not met. It is one of the biggest platforms to raise money for social causes.
- Fundable is one of the few platforms that offers both equity-based and reward-based crowdfunding. What makes it unique is that it does not work on a commission based on the amount of money raised. This quality makes it attractive for large projects.
- AngelList is a platform for start-ups to meet accredited investors and is geared for equity-based campaigns only.
- SeedInvest is a platform like AngelList that enables accredited investors to invest in start-ups.
- CircleUp is an equity only platform that connects accredited investors, innovative consumers, and retail companies. Companies must have existing revenue in excess of $500K to be listed. Funding can be through convertible debt or equity.
- WeFunder is another equity-based crowdfunding platform for accredited investors only, but allows for pledges as small as $100.
- GoFundMe is a popular platform for personal fundraising causes (e.g., covering medical expenses), but also for a select group of charities. They also support reward-based all-or-nothing campaigns similar to Kickstarter.
- YouCaring is another platform for charitable and personal causes with specific categories for medical, funeral, tuition, adoption, faith-based, pet expenses, and community causes.
- GiveForward is a donation-based platform with specific categories for medical bills, veterinarian bills, and funeral expenses.
- Patreon is a platform for fans to support their favorite creative projects such as music or video projects on a more ongoing basis.
- AlumniFinder is a relatively new platform to fund creative and innovative projects within a university community.
- AppStori is a crowdfunding platform to connect consumers with app developers. Consumers can make contributions to developers while developers find beta testers and build an audience.
- CauseVox is a platform tool for developers to develop their own website for peer to peer fundraising campaigns.
Which crowdfunding platform is right for your next fundraising campaign?
Note: this post originally appeared at: http://www.stevebizblog.com/