7 crowdfunding sites essential for entrepreneurs

 By Elaine Pofeldt,  CNBC.com,



Thanks to its early dominance in crowdfunding, Kickstarter has become so ubiquitous, it’s been the butt of jokes on the show “Portlandia” and in the New Yorker. But fundraisers take it seriously: On the five-year-old site, crowdfunders had raised more than $1.1 billion for 61,230 projects as of May 8—with 63 securing $1 million or more.   Source and read More http://www.cnbc.com/id/101659124/page/1









MBA student Danae Ringelman left her job in finance to start this site with friends Slava Rubin and Eric Schell in 2008, and it’s now one of the top players in the rewards-based crowdfunding space. Indiegogo, based in San Francisco and New York City, does not disclose the total amount raised on the site, but distributes “millions of dollars a week in 224 countries,” according to a spokesperson. Projects range from films to businesses. Source and read More http://www.cnbc.com/id/101659124/page/1


After nailing a partnership with A&E TV last spring, this early crowdfunding player, based in New York City, is raising its profile. Crowdfunders will have a shot at being featured on A&E TV through its Project Startup, as well as a shot at funding by A&E. More than 30,000 projects have raised money on the site. RocketHub doesn’t disclose the amount raised, but CEO Brian Meece said the partnership with A&E has resulted in nearly $1 million in funding for entrepreneurs so far.Source and read More http://www.cnbc.com/id/101659124/page/1


When a lender called the loan on Once Upon a Toy, a family business that owns two toy stores in Missouri, the owner announced to customers that she was at risk of closing after 26 years in business. Customers rallied, setting up a campaign that raised $82,450 on San Francisco-based Crowdtilt, a site that allows groups of people to pool money. Owners Shawnta Ray and Rick Harmon, a married couple, were able to renegotiate their loan with the bank and stay open, Source and read More http://www.cnbc.com/id/101659124/page/1


When it comes to equity fundraising, “AngelList probably has, hands down, the most activity,” Swart said. In May alone, the Silicon Valley site said it had raised $19.5 million for start-ups.

One current campaign promoted on the site lets investors back the spring 2013 class of start-ups from the prestigious accelerator AngelPad. Among these start-ups is GradSavers, a New York-based onlineSource and read More http://www.cnbc.com/id/101659124/page/1


When Kate’s Pie Shop & Record Store, a hip local coffee hangout in Rockford, Illinois, needed to move to a new space recently, it turned to GoFundMe to raise $7,000—a campaign that’s still in progress. Launched in 2010 in San Diego, GoFundMe said it has helped people around the world raise more than $280 million in donations since then, charging a 5 percent fee on transactions.Source and read More http://www.cnbc.com/id/101659124/page/1


Many athletes have to operate almost like one-person businesses to finance their dreams—and for some it pays off, when they become a household name. When the U.S. Bobsled and Skeleton team needed to raise funds to make it to the Winter Olympics in Sochi, they turned to RallyMe.

Source and read More http://www.cnbc.com/id/101659124/page/1

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