Crowdfunding as the name goes is nothing but engaging the crowd to fund startups and business ventures. According to a report, the fundraising industry is expected to be valued at $300 billion by 2025. Before crowdfunding, raising funds for small businesses had never been easy. Nowadays, it is eyed-up by many investors as a lucrative move.
Crowdfunding platforms are gaining prominence as it attracts the attention of hundreds of investors to invest in the ‘next big thing’. Being the biggest crowdfunding platform, Kickstarter has successfully raised funds worth more than $4.2 billion across 1,60,000 projects.
Many projects have turned out to be highly successful on the Kickstarter platform. A few of them are,
Palmer Lucky’s Virtual Headsets
Armani’s Micro 3D Printer
Most of the projects are reward-based than equity-based. Investors may receive rewards as gifts or get a chance to participate in the launch of a product. Equity-based crowdfunding allows startups to raise money by providing investors equity in the venture.
How does Kickstarter Earn Money?
It takes a commission of 5% of the total money that is funded on the website. It uses this commission for running the site which includes payment for employees and advertisements.
Wish to create a platform like Kickstarter?
With a customizable Kickstarter clone, a crowdfunding platform can be created with advanced features such as,
It involves the real-time tracking of subscription agreements through compliant dashboards for administrators, fund managers, and investors.
It allows investors to sign the subscription agreements via an Application Programming Interface like DocuSign.
The crowdfunding platform can instantly notify its investors regarding new updates through this feature.
The platform should be built in such a way that it is compliant with the security laws across the globe.
Investors can sell and buy their equity and other investments via the platform in fiat as well as digital currency.
If you have an idea of starting a fundraising venture, get your hands on our advanced app right away.
Kickstart your crowdfunding business with an advanced Kickstarter clone
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