Vermont musicians and artists using crowdfunding to raise money for their projects

Lether Canning Jar

The most successful Vermont Kickstarter efforts was for a product called a Holdster.

Dozens of Vermont musicians and artists have used crowdfunding to raise money for their projects by appealing for donations through the New York City based Website Kickstarter.
The site enables people to post information about a project, such as recording a CD or publishing a book. And then they can raise money to pay for the production through small donations.
As the popularity of crowdfunding grows, Vermont versions of Kickstarter are cropping up in an effort to attract support for a variety of causes.
In the past 3 years more than $1,000,000 has been raised for Vermont projects on the popular Kickstarter Website.
A survey by Montpelier based Local 64 and FreshTracks Capital in Shelburne counted a total of 179 Vermont based Kickstarter projects.
The vast majority are arts related, but one of the most successful Vermont Kickstarter efforts was for a product called a Holdster.
The Holdster is a leather cup cozy that’s made to hold a canning jar that people drink out of. Marsh Gooding started the Burlington company by raising money on Kickstarter. His initial goal was $5,500. He ended up raising nearly $43,000.
“A few influential blogs that pay attention to Websites like Kickstarter and are looking for the next big thing saw our product and posted about it on their blog. Suddenly our product was in front of hundreds of thousands of people,” says Gooding.
Gooding says his initial idea was to produce a single run of Holdsters and call it quits. But the money he’s raised will give him a shot at building a sustainable, profitable business. So far he’s generated $60,000 in sales, although that isn’t enough for him to quit his day job.
Now the Kickstarter model is being copied locally in hopes of putting Vermont entrepreneurs with specific social missions together with small donors.
One new Vermont crowdfunding portal is called Three Revolutions. It started a few months ago with a focus on raising donations for a variety of food and farming projects.
This week another new crowdfunding site was launched. The EcoHub is hoping to raise money for Vermont environmental projects. The portal was created by three women, all of whom are or have attended Vermont Law School.
Crowdfunding portals make money by taking a small percentage of the donations they help raise.
In order to be financially successful The EcoHub will eventually have to expand to include projects well beyond Vermont.
But co-founder Susan Bailey says starting off in a state seen as very friendly to environmental causes will help them test the viability of their idea.
“We really feel that Vermont is the best place for us to launch our business. Vermont is the true test for what we’re trying to do as a company,” says Bailey.
There’s no question the broad based approach of Kickstarter has made crowdfunding an effective fundraising tool.
Sites like EcoHub hope to accomplish the same thing by focusing on a social mission.

Source: VPR Public Radio – Steve Zind

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

NPRAfter Outcry, Crowdfunding Site Patreon Backs Off Plan To Raise ...NPRThe popular crowdfunding service Patreon has backed off plans to change its payment structure, after widespread, vocal and passionate opposition from creators and their fans. Last week, the site announced it woul [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

TechCrunchHow hate speech crowdfunding outfit Hatreon crept back online ...TechCrunchIf you want to make a living creating white supremacist content, you're probably not going to do it via sites like Kickstarter and Patreon, which prohibit hate speech. Fortunately there's Ha [...]

EntrepreneurWhy Some Small Business Owners Are Turning to Crowdfunding to Save Their CompanyEntrepreneurMany owners of beloved local businesses, especially in pricier cities, have been forced to swallow their pride and appeal to their customers in times of crisis -- a process streamli [...]

Times of IndiaPT Usha takes to crowdfunding to run schoolTimes of IndiaCHENNAI: Legendary athlete PT Usha, called 'Payyoli Express' by her fans, has taken to crowdfunding and raised Rs 20 lakh to train budding girl sprinters and runners at her school in the hope of turning t [...]

Crowdfund InsiderNew Investment Crowdfunding Platform Launches in North Carolina as Full Stack Platform Including Intrastate NC ...Crowdfund InsiderUnder NC PACES, or “North Carolina Providing Access to Capital for Entrepreneurs and Small business Act,” crowdfunding legislation, issue [...]

ChronicleLiveNo need for banks as North East businesses turn to crowdfundingChronicleLiveCrowdfunding has developed a reputation for helping weird and wonderful projects become a reality. But while creative projects have utilised crowdfunding for some time, more and more North East bu [...]

Crowdfunding For French CastlesNPRYou too can own a French chateau, in part, anyway. Romain Delaume, CEO of Dartagnans, tells NPR's Scott Simon about a crowdfunding effort underway to preserve La Mothe-Chandeniers. SCOTT SIMON, HOST: What if I told you that for about $60, you cou [...]

TechCrunchFormer Gawker employees are crowdfunding an effort to buy Gawker.comTechCrunchWhile Univision acquired most of Gawker Media's sites last year (and renamed them as the Gizmodo Media Group), the deal didn't include Gawker itself. In fact, BuzzFeed reported last month [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

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 |