ysabetwordsmith: Cartoon of me in Wordsmith persona (Default)
ysabetwordsmith ([personal profile] ysabetwordsmith) wrote in [community profile] crowdfunding2012-01-11 11:49 am

Check out Peerbackers

Peerbackers is a crowdfunding hub site that does fundraising for multiple project types.  This is the first one I've seen that gives creators a choice  of what to do after the fundraiser closes:
* If the project meets its goal, funds are released to the creator.
* If the project doesn't meet its goal but can fulfill the promised rewards, it gets whatever funds were raised.
* If the project doesn't meet its goal and therefore can't fulfill promised rewards, no funds are released.

This is different because the vast majority of hub sites are all-or-nothing, like Kickstarter.  If you don't make your goal, you don't get any funds at all.  IndieGoGo and a few others will pay out partial funds, but then sometimes the donors don't get anything for their effort.  I think Peerbackers has the right idea, because some projects are all-or-nothing while others are get-as-close-as-we-can.  It's more flexible and yields better results for both creators and donors.  I'll definitely keep an eye on this site in case I decide to launch a fundraiser -- the kinds of things I have in mind would really benefit from this flexible structure.
clare_dragonfly: woman with green feathery wings, text: stories last longer: but only by becoming only stories (Molly)

[personal profile] clare_dragonfly 2012-01-11 06:33 pm (UTC)(link)
That looks really useful, thanks for sharing! I have wished for more flexibility from IndieGoGo and Kickstarter, and this sounds like exactly the compromise I was hoping for. (Not that I have any plans to use any of these sites--but it's good to know this one exists for if and when I do want to.)
ailelie: (Default)

[personal profile] ailelie 2012-01-11 07:14 pm (UTC)(link)
This sounds like a good option for the ezine.