Crowdfunding for Athletes

CrowdFunding Beat News Wire, Sqor Inc., a social network focused exclusively on sports, isn’t following the typical social media roadmap. screen-shot-2014-11-25-at-12-14-55-pm Just over a year after launch, the service still doesn’t have private messages or detailed user profiles. Instead, Sqor is jumping into crowdfunding, and if all goes to plan, it thinks one of the NFL’s most legendary quarterbacks — who’s made millions in endorsements alone over his career — can help athletes in less popular sports like racquetball or UFC use their social followers to fund their professional careers. Brett Favre, who won multiple MVP awards and set NFL passing records during a 20-year career (primarily) with the Green Bay Packers, is using Sqor to crowdfund The Favre 4 Hope Foundation, a charity he started to help breast cancer survivors. Lots of athletes have foundations, and charity funding is one of the two main uses Sqor CEO Brian Wilhite envisions for the crowdfunding product, which the startup unveiled last month. The other use case: Athletes funding their own training or travel expenses. Lots of athletes who play niche sports don’t get the sponsorship dollars or pro contracts to fund their careers. These are the athletes Wilhite believes he can help, and while charity campaigns are the only ones allowed at the moment, personal campaigns are coming soon. Wilhite’s working with Favre, who is also a Sqor investor and board member, to get the (pro bowling?) ball rolling on the new product. Favre, who doesn’t consider himself tech or investment savvy, had never heard of crowdfunding until a few months ago. He essentially serves as a spokesperson for the company, he told Re/code, but he loved the crowdfunding idea and was eager to try it out. In the past month, Favre has raised almost $12,000 for his foundation by offering items like autographs or even follow-backs on Sqor in exchange for donations. For comparison, the average Kickstarter campaign brings in just over $7,400. “It’s very impressive,” says Favre, who says he doesn’t have plans for any more tech investments at the moment. “It would have been neat if Sqor was up and running when I was playing.” Read More: Social Network Sqor Wants to Help Athletes Crowdfund Themselves | Re/code

Tags: , ,


How Crowdfunding Has Changed the Startup GameSingularity HubCrowdfunding has become a multi-billion-dollar industry, funneling millions of dollars into thousands of projects. Technology in particular is one of the leading categories on popular fundraising platforms like Kickstarter an [...]

The GuardianCrowdfunding: the new buzzword for academics needing research moneyThe GuardianArchaeologist Dr David Petts, from Durham University, has also used crowdfunding, raising almost £25,000 to fund a project on Lindisfarne, off the Northumberland coast. The dig, in June, led to [...]

Airbitz, BitPay, and Wefunder leverage bitcoin and new US ...Brave New CoinEquity crowdfunding platform, Wefunder, recently started accepting bitcoin. On the same day, popular bitcoin mobile wallet provider Airbitz announced the ...Wefunder Launches 10 New Regulation Crowdfunding Offe [...]

CNNMoneyDorothy's fading red slippers saved by $300000 in crowdfundingCNNMoneyThe ruby red slippers worn by Judy Garland in the beloved 1939 film "The Wizard of Oz" are set to undergo a major conservation effort following a successful crowdfunding campaign. The Smithson [...]

Raise Money for Personal Bills on Crowdfunding SitesKiplinger Personal FinanceWhile crowdfunding is often associated with business start-ups, many people are finding it a fruitful way to raise money for personal needs. Sites such as YouCaring, GoGetFunding, GoFundMe and GiveForward ha [...]

Crowdfund InsiderReport: Title II Crowdfunding Data on Three Year Anniversary Tops $1.47 BillionCrowdfund InsiderFifty Dollars Money Grant Crowdnetic has published its annual Crowdwatch report on Title II investment crowdfunding as enacted under the JOBS Act of 2012. Title II, or Reg [...]

How The Fix Crowdfunding Act Continues To Help Improve The Success Rates Of Small BusinessesCBS LocalIn July of this year, Republican Patrick McHenry from North Carolina spearheaded two important bills. Both passed through the House in a landslide vote as part of The Fix Crowdfunding [...]

BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

City turns to crowd funding to help replace boardwalk over Flint RiverMLive.comFLUSHING, MI -- The city of Flushing has opened a crowdfunding campaign to replace a wooden boardwalk over the Flint River. The goal is to raise $50,000 in 60 days on Patronicity, a crowdfunding website, to [...]

AZCentral.comTiny companies lure investors under Arizona crowdfunding lawAZCentral.comInvestors who make bets under the state's one-year-old crowdfunding law certainly have the potential to get in on the ground floor, but they must be patient and might not receive any returns. Th [...]

CFB Finance

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |