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 http://ow.ly/EZ3BX

Tags: , ,

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 [...]

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 [...]

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 [...]

Crowdfunding bid to cut car cover for millennialsThe TimesAn insurance start-up that claims it can reduce premiums for millennials will launch a £15m initial coin offering (ICO) next month in another sign of the growing frenzy over digital currencies. InsurePal will use the funds rais [...]

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 [...]

CoinDeskKickstarter ICO? Don't Count On It Says Crowdfunding Leader ...CoinDeskThe company most widely associated with crowdfunding, Brooklyn-based Kickstarter, has no plans to get into the initial coin offering (ICO) business. Coming in response to the news yesterday that compet [...]

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 [...]

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 [...]

CryptoCoinsNewsCrowdfunding Giant Indiegogo Looks to Make ICOs MainstreamCryptoCoinsNewsCrowdfunding platform Indiegogo has a plan to help initial coin offerings (ICOs) break into the mainstream, even as the U.S. Securities and Exchange Commission (SEC) is ramping up its oversight of [...]

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 |