Crowdfunding Success

Crowdfunding Success BYhttp://www.3d-innovations.com/

The concept of crowdfunding is something that many are familiar with now and it’shard to believe that this concept has only been around for roughly five years. The JOBSAct of 2012 really helped set the platform for crowdfunding to expand and that it has.“According to the Crowdfunding Industry Report by Massolution, in 2012 there was$2.7 Billion raised online via crowdfunding. In 2013 an estimated $5.1 Billion wascrowdfunded online.” When entrepreneurs see these types of numbers and hearabout wildly successful campaigns (such as the Coolest Cooler on Kickstarter, whichraised $13M) it is no surprise that they are turning to crowdfunding for support.Goal With so many crowdfunding platforms out there the landscape is packed and it ishard to know where to begin. We have put together the following list of crowdfundingwebsites sites, with brief descriptions on what types of projects they host, to helpnarrow your search to the community that is the best suit for your goals and needs.

Kickstarter: “Bring your creative project to life” is the motto. This donation-basedplatform hosts creative projects ranging from art instillations to 3D printingtechnology. It is one of the earlier platforms and is very well-known. It has gainedmomentum in recent years with numerous product break-out campaigns raising wildamounts of funding.Indiegogo: This donation-based platform can help raise funds for a variety of projects.You will see things from consumer products to personal projects hosted here. With thiskind of project variety and flexibility, Indiegogo has experienced more internationalgrowth than many of the other platforms.Quirky: If you’re an inventor, maker, or tinkerer then Quirky is a place to collaborateand crowdfund for donation-based funding with a community of other like-mindedfolks. Their site digs deeper into helping the process of bringing an invention orproduct to life, allowing community participation in the process.

AngelList: This is the place to go if you are looking for Silicon Valley momentum.Crowdfunding is relatively new for AngelList but the accredited investors andinstitutions on AngelList have been funding a growing number of top tech startups.CircleUp: This is a investment-based crowdfunding platform focuses on connectingaccredited investors with innovative consumer and retail companies.You will see in the brief descriptions above we mentioned either donation-based orinvestment-based. Donation or rewards based is the traditional type of crowdfundingplatform in which you invest funds in return for a product if the campaign issuccessfully funded. Investment-based means that you are becoming a shareholderand are offered shares from the company in return for your investment.We know there are hundreds of crowdfunding platforms out there, but we feel thatthese are the top places for entrepreneurs to get a product successfully funded and onits way to manufacturing and ultimately consumers.We invite you to learn more about crowdfunding on the following websites:

Top 10 Crowdfunding Sites For Fundraising (Forbes)Crowd funding Sites In 2014 (Forbes)For some consumer products businesses, crowdfunding is the best route (TheWashington Press)3 reasons crowdfunders will hit consumer products first (Venture Beat)________3D Innovations is a full service 3D Engineering/Design company – from the 3D Designto a fully functional 3D Prototype & Product.

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