Crowdfunding helps reopen White Hart Cafe

Less than six months after the doors of the White Hart Café in downtown Lynchburg closed — seemingly for good — coffee is flowing once again.
New owner Abe Loper, like tens of thousands of artists and entrepreneurs throughout the world, turned to the power of the masses to get the Main Street hangout back up and running.
“I want my coffee shop back, don’t you?” Loper wrote in the intro to a web page dedicated to raising funds for the relaunch of the downtown staple.
After buying the coffee shop, Loper set up a campaign through crowdfunding platform Indiegogo to raise money for repairs and new equipment. The campaign, for which he set a “dream goal” of $15,000, had another advantage, Loper said: it gave community members the opportunity to be part of the White Hart’s rebirth.
“It was mostly people who’d been to the White Hart,” Loper said of his donors. “If you’ve been here, the White Hart has found a place in your heart.”
In total, the White Hart campaign collected $11,101. More than 150 people in 15 states donated, Loper said.
After the official campaign closed at the end of August, he added, more community members reached out directly, bringing the contribution total to more than $12,000.
Indiegogo, the site that hosted Loper’s Bring Back the White Hart campaign, is one of several crowdfunding websites used by artists and entrepreneurs to pay for projects from albums to films to art installations to quirky startup businesses. Through these sites, supporters make pledges in exchange for rewards such as a free T-shirt, a signed CD, or even a walk-on role in a film.

Each site has unique project funding specifications. For example, projects funded through crowdfunding giant Kickstarter only receive supporters’ donations if they reach a set goal in a set period of time. Indiegogo, on the other hand, allows projects to receive the amount donated even if the ultimate goal is not met.
According to Kickstarter’s statistics, the site has successfully funded almost 50,000 of more than 115,000 launched projects since 2009. Since it was founded in 2008, Indiegogo has hosted over 100,000 campaigns, a spokesperson for the company said in an email.
In Virginia, Richmond has the most projects listed on either site, with more than 100 active or funded projects listed on both Kickstarter and Indiegogo. Charlottesville also has a strong crowdfunding presence, with more than 90 on Kickstarter and more than 20 on Indiegogo.
But for Lynchburg and neighboring Roanoke, the number of projects is relatively meager. Lynchburg residents have used Kickstarter for around 10 projects and Indiegogo for fewer than 20, while Roanoke has 15 Kickstarter campaigns and only four on Indiegogo.

Eleanor Kennedy


ForbesHow One Startup Raised 10 Times Its Original Crowdfunding GoalForbesRunning a successful crowdfunding campaign isn't easy. The odds are heavily stacked against you, as very few end up succeeding. "Statistically, up to 89% of campaigns fail. Kickstarter has the highest [...]

ForbesThe Ultimate Pre-Launch Crowdfunding ChecklistForbesCrowdfunding is not limited to the platform where you launch your campaign. Instead, it has become a valuable way to transform your idea into a mainstream business. In order to head in that direction, you must execute a number [...]

Eater LondonFat Macy's Launch Crowdfunding Campaign to Open Restaurant in PeckhamEater LondonFat Macy's — a food social enterprise which aims to train young Londoners living in temporary housing — have launched a crowdfunding campaign. Their aim is to raise £55,141 to fund a [...]

Realnoe vremyaEveryone pools: Elvira Nabiullina to look closer at crowdfundingRealnoe vremyaIts Deputy Chairman of the Board of Directors Yulian Lazovsky told Realnoe Vremya that crowdfunding platforms will need to create a capital of at least 10 million rubles within the cooperation [...]

Crowdfund InsiderStartwise, a New Crowdfunding Platform using Reg CF Goes Live with Revenue Sharing OfferingsCrowdfund InsiderToday, Startwise, the newest FINRA approved Reg CF platform, has officially launched a marketplace where you can invest in companies you care about for as litt [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

TechCrunchUK's Prodigy Finance raises $240M to crowdfund students from emerging marketsTechCrunchUK fintech startup Prodigy Finance has raised a whopping $240 million funding round, certainly one of the largest by a UK company this year. The company provides loans to internationa [...]

Devon LiveCrowdfunding campaign launched to save adopted Romanian puppy who needs £8000 for vital surgery to save its lifeDevon LiveSam has started a crowd-funding campaign to try to help meet the £8000 cost of the surgery. It's a tall order, but every little helps. Sam had been [...]

DreamHost Launches Crowdfunding Campaign to Cover Legal Costs in DOJ FightWeb Host Industry ReviewDreamHost has set up a crowdfunding campaign to raise $10,000 for its legal fight against the U.S. Department of Justice. The DOJ is attempting to force DreamHost to provide it with websi [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

CFB Finance

Lst Val
+/- Val
+/- %


  • 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 |