St. Louis Business Journal, Beer and podcasts mark second chapter for entrepreneur DreamFundMe.com, just months after its initial launch in September, saying users were creating campaigns that were essentially asking for free handouts with little work.
But a series of new ideas has Becker back on track in the crowdfunding realm. And his new crowdfunding portals are looking to help entrepreneurs in two separate industries.
Becker will begin funding campaigns on St. Louis-based PodFund, which will let aspiring podcasters raise funds from the masses, beginning Monday. Then, in the spring, Becker hopes to launch another crowdfunding website designed at attracting money for craft brewers.
Becker, who lost $10,000 in his bid to grow DreamFundMe, said he anticipates each website bringing in $20,000 per month in revenue once operational. Becker will take between 5 percent and 8 percent as a commission for campaigns, which is about the norm for crowdfunding sites such as Kickstarter and Indiegogo.
Becker, who has a radio background, said PodFund is more in line with what he thought DreamFundMe would become. Already, the site has about 25 campaigns in the works.
“When it comes down to it, no crowdfunding site has a target audience of just podcasters,” he said. “It’s a great opportunity for podcasters to attract potential fans and get funding for the equipment they need.
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