By: Larry Darrell
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It comes as no surprise that investors prefer male entrepreneurs. According to a study conducted by Stanford University, women receive less than 5% of venture funding and this trend is especially noticeable in the tech sector, which is primarily due to the stereotype that women lack technical knowledge.
However, one crowdfunding enterprise, by the name of Fund Dreamer Inc., is hoping to remove this stigma placed on females, by providing a platform for women to fund projects like business ideas, events, and personal causes. While other crowdfunding platforms such as Kickstarter, Inc. and GoFundMe charge a fee of 5%, Los Angeles-based Fund Dreamer has reduced its campaign costs to just 1%, while also providing effective social media amplification that has successfully disrupted the crowdfunding business model.
Although mainly targeted at women-owned businesses, the enterprise also provides a platform for various projects headed by transgender, religious minorities, African-Americans, and other diverse groups.