ysabetwordsmith (
ysabetwordsmith) wrote in
crowdfunding2012-01-11 11:49 am
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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.
* 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.
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