Comparison of Top Crowdfunding Sites

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1 Comparison of Top Crowdfunding Sites Nevada Small Business Development Center

2 Kickstarter Filmmakers, artists, musicians, designers (creative projects) All- or- nothing funding only Rewards (usually a part of the project, i.e. copy of an artist s 5% + 3-5% Amazon Payment fee 44% Avg. Amt. Raised $5,000 28,000 projects funded successfully since Projects are reviewed before being accepted by Kickstarter, only about 60% are accepted. Indiegogo Avg. Amt. Raised $15,000 Anything and everything All- or- nothing or keep what you earn formats available Perks (usually a part of the project, i.e. copy of an artist s 4% if you make your goal, 9% if you don t make your goal and still want to keep what you ve earned, + 3% credit card transaction fee Indiegogo is known for its success at raising money for campaigns and causes instead of specific projects or products. Many campaigns raise well over $100k. Almost any type of campaign is accepted.

3 RocketHub Avg. Amt. Raised $15,750 Anything and everything All- or- nothing or keep what you earn formats available Perks (usually a part of the project, i.e. copy of an artist s 4% if you make your goal, 8% if you don t make your goal and still want to keep what you ve earned, + 4% credit card transaction fee 17% Money that is pledged is taken out of funders accounts immediately, rather than after the funding period is over like most other sites. Fundable Avg. Amt. Raised $10,000 Start- ups All- or- nothing only Rewards (since this platform is for start- ups, rewards can range from a product to a seat on the company s board) $99 per month as long as the project is active, + 3.5% credit card processing fee 30% Applications are reviewed thoroughly before being accepted. The minimum amount that can be raised is $1,000. Funders can also voluntarily offer business advice or assistance to the start- up they fund.

4 Peerbackers Entrepreneurs Keep what you earn Rewards 5% + 2.9% PayPal fee 25% Avg. Amt. Raised $6,250 Projects can choose to keep what they earn even if they don t make their goal. StartSomeGood Social entrepreneurs and non- profits Projects must reach a tipping point to be funded Rewards 5% + 2.9% PayPal fee 42% of projects reach their tipping point Avg. Amt. Raised $4,300 This platform is only for good projects. It is geared toward the social entrepreneur, but can be used for for- profit and non- profit projects. Projects choose a funding goal and a tipping point (25-100% of actual goal). Projects must be funded at least to the tipping point to get any of the money raised.

5 CrowdFundingLIVE Avg. Amt. Raised Projects started by women All- or- nothing, 60% model, and four- step model Rewards 5% for all- or- nothing, 9% for 60% model, 7% for four- step model + 2.9% PayPal fee This is a brand new site with only two projects closed so far. One was successful (ind. film, raised over $20k) the other did not reach its goal. They have four more projects raising money currently. This site has a large local presence so it is very relevant to projects in the Reno/Tahoe area. They also hold live events in the area for those interested in crowdfunding. The 60% model requires projects to raise at least 60% of their goal to get funds. The four- step model divides the total funding goal into four equal parts, or tiers, and funds are given according to how many tiers are funded.