FUNDABLE REVIEW

Fundable is an Equity / Reward Funding Network with more than 370.000 startups and 23.000 investors

◙ FUNDABLE REVIEW SUMMARY

√Equity CrowdFunding / Reward CrowdFunding for Startups

√Fundable does not support personal purposes

√ All-or-Nothing Campaigns for Rewards Raises

√Accredited Investors only for Equity Raises

√ Subscription-based pricing

√No Success Fees

◙ SUPPORTED PROJECTS

Fundable support a wide range of startups in multiple industries such is technology, health & beauty, fitness, food & beverage and many more. Fundable can handle campaigns for up to 10 million USD.

Fundable.com applies "All- or-Nothing" policy, meaning that projects must meet or move above their funding goals in order to collect any funds.

No Donations or Charitable Solicitations, charities and non-profit organizations without a valid 501(c)(3) tax exempt status.

• REWARD / EQUITY CROWDFUNDING MODEL

• ALL-OR-NOTHING CAMPAIGNS FOR REWARD RAISES

Useful Crowdfunding Statistics by Fundable

Crowdfunding Statistics

(1) The average successful crowdfunding campaign is around $7,000

(2) The average crowdfunding campaign lasts around 9 weeks

(3) Campaigns gaining 30% of their goal within the 1^st week are more likely to succeed at the end

(4) There is a strong correlation between the number of external internet links to the web-page of a Purpose and the success of its Fundraise

(5) Social Media is a key factor towards crowdfunding success

Crowdfunding Demographics

(6) Ages between 24-35 years are much more likely to participate in crowdfunding campaigns. Those over 45 years old are significantly less likely to support campaigns

(7) Men are much more likely to take a risk on an unknown startup than women

(8) Those making over $100K yearly are the most likely to invest in startups

◙ EQUITY FUNDRAISE

Equity raises via Fundable are typically more than $50,000. Commitments are made from accredited investors.

Investor's Minimums

As concerns Equity fundraises, the minimum commitment for investors is $1,000 via offline process (Bank Wire transfers and Bank checks).

◙ REWARDS FUNDRAISE

Rewards raises via Fundable are effective typically for raises below $50,000. A startup will rely on commitments from current customers, personal support from their social network, or a very strong affinity from Backers who want to see the company succeed.

All-or-Nothing Campaigns

Minimums

As concerns Rewards fundraises, the minimum commitment for contributors is $1 via credit card

◙ SUPPORTED COUNTRIES

• Fundable is open to backers all over the world.

◙ WHO IS FUNDABLE

Fundable was found in 2012 by Wil Schroter and Eric Corl and it is based in the United States (Powell, Ohio 43065). Fundable has the support and financial backing of Virtucon Ventures.

◙ FUNDABLE COST OF SERVICES

Fundable charges subscription fees as follows:

• Fundable Subscriptions

Fundable charges monthly Subscriptions. Payments are made via credit cards. Renewals will be billed in monthly increments until canceled.

$179 / month to create and manage your fundraise. Pricing is not pro-rated.

• Consulting Services

Fundable Consulting Services are billed either on a one-time basis either deferred over multiple payments.

• Processing Fees (Rewards Projects Only)

For Rewards-based projects funding is collected via credit cards. The merchant processing is handled at a charge of 3.5% + 30¢ per transaction.

INDIEGOGO REVIEW

"Indiegogo empowers people to make ideas happen via Reward-Based and Charity Crowdfunding"

◙ INDIEGOGO REVIEW SUMMARY

√ Reward-Based Crowdfunding

√ Charity Funds Raising via Indiegogo Life

√ Reaching the funding goal is optional (you keep the donations of any amount)

√ 4% Fee for successful campaigns and 9% for unsuccessful campaigns

√ Supports Cards, Bank Wire and Paypal

◙ SUPPORTED PROJECTS

Two Methods of Crowdfunding are supported:

• Reward-Based Crowdfunding

Indiegogo allows users to raise funds for their favorite cause. You may raise money for Animals, Art, Comic, Community, Dance, Design, Education, Environment, Fashion, Film, Food, Gaming, Health, Music, Photography, Politics, Religion, Small Business, Sports, Technology, Theater, Transmedia, Video and Web-Writing

• Charity

In 2014, the Indiegogo Life was launched, offering people the chance to raise money for emergencies, medical expenses, celebrations, or other life events. Indiegogo Life does not charge platform fees.

◙ SUPPORTED COUNTRIES / CURRENCIES

• Indiegogo allows anyone to post a project, in over 200 countries.

◙ WHO IS INDIEGOGO

• Indiegogo was founded in 2008 by Danae Ringelmann, Slava Rubin and Eric Schell and is based in San Francisco, California.
• Indiegogo allows anyone who has an idea to raise funds in order to finance their goal. The method used is rewards-based crowdfunding, meaning donors finance a project in its early stages and receive a gift. However, Indiegogo is interested in adding also equity crowdfunding.

◙ INDIEGOGO COST OF SERVICES

• Indiegogo is free to sign up, to create and to contribute to a campaign.
• When a campaign raises funds, Indiegogo charges a 9.0% fee on the funds raised. If the goal is reached, initiators get 5.0% back. Therefore successful campaigns are charged an overall fee of 4.0%.
• Registered nonprofits {501(c)(3)} receive a reduction of 25% in Indiegogo fees.

Table: Indiegogo Fees Overview

◙ WITHDRAW FUNDS FROM INDIEGOGO

Funds can be received via various payment methods, including Paypal:

• CREDIT CARDS

Funds raised via credit cardare sent to any bank account within 15 business days after the deadline. Note that it can take 3-5 business days for funds to arrive in your bank account.

• PAYPAL

Funds raised via PayPal are debited in a PayPal account within 15 business days after the deadline.

• NON-PROFIT

Funds raised for verified non-profit campaigns follow the same disbursement schedule in InDemand as they do with live campaigns with one slight change: We will send a 3.75% rebate within 15 days of the campaign’s deadline to FirstGiving, and every four weeks thereafter for any new funds raised. FirstGiving disburses funds to the non-profit organization on a monthly basis.

Indiegogo InDemand

Indiegogo InDemand makes it easy to continue raising funds after your campaign deadline.

KICKSTARTER REVIEW

◙ KICKSTARTER REVIEW SUMMARY

√ Reward-CrowdFunding (Creative Projects)

√ All-or-Nothing Campaigns

√ 8%-10% Total Fee on Received Funds (Only successful campaigns)

√ Full Mobile App

◙ SUPPORTED PROJECTS

KICKSTARTER allows users to raise funds for their favorite creative cause. Creative projects include Art, Comics, Crafts, Dance, Design, Fashion, Film & Video, Food, Games, Journalism, Music, Photography, Publishing, Technology and Theater

• REWARD CROWDFUNDING
• ALL-OR-NOTHING CAMPAIGNS
• PROJECT CREATORS KEEP OWNERSHIP OF THEIR WORK

Kickstarter cannot be used to offer equity, financial returns, or to solicit loans.

THREE KICKSTARTER RULES:

(1) Projects must create something to share with others

Kickstarter can be used to create all sorts of things: art and gadgets, events and spaces, ideas and experiences. But every project needs a plan for creating something and sharing it with the world. At some point, the creator should be able to say: “It’s finished. Here’s what we created”

(2) Projects must be honest and clearly presented

Projects can’t mislead people or misrepresent facts, and creators should be candid about what they plan to accomplish. When a project involves manufacturing and distributing something complex, like a gadget, project creators must be able to show a prototype of what they’re making (photorealistic renderings are prohibited).

(3) Projects can’t fundraise for charity, offer financial incentives, or involve prohibited items

Projects can’t promise to donate funds raised to a charity or cause, and they can’t offer financial incentives like equity or repayment.

◙ SUPPORTED COUNTRIES

Proposing a Project is available for residents in the US, UK, Canada, Australia, New Zealand, the Netherlands, Denmark, Ireland, Norway, Sweden, Germany, France, Spain, Italy, Austria, Belgium, Switzerland, and Luxembourg who meet the requirements below.

(1) 18 years of age or older
(2) Permanent resident of the selected country (individual or registered legal entity)
(3) Address, bank account, and government-issued ID based in the selected country
(4) Holding a credit or debit card

Note: Kickstarter is open to backers all over the world.

◙ WHO IS KICKSTARTER

Kickstarter was found in 2009 and it is based in Greenpoint, Brooklyn, USA. Kickstarter supports all kind of creative fund campaigns including films, games, music, art, design, and technology. Kickstarter since its launch in 2009 has raised more than $1.8 billion, funding more than 87,000 creative projects.

◙ KICKSTARTER COST OF SERVICES

KICKSTARTER charges two basic fees. 5% fee on every succesful project and another 3-5% as processing fee.  If funding isn't successful, there are no fees.

If a project is successfully funded, the following fees will be collected from the project's funding total:

(1) Kickstarter fee : 5% of total funds raised

(2) Payment processing fees : 3% + $0.20 per pledge (Pledges under $10 have a discounted micropledge fee of 5% + $0.05 per pledge)

◙ WITHDRAW FUNDS FROM KICKSTARTER

If a is successfully funded, the funds are debited directly from backers' cards. There is a 14-day window for collecting and processing pledges. Once the 14-day window has passed, funds will automatically be transferred directly to the project creator's bank account. It can take an additional few days depending on the bank involved.

◙ PROJECT TIME LIMITS

Funding on Kickstarter is all-or-nothing. No one will be charged for a pledge towards a project unless it reaches its funding goal. This way, creators always have the budget they scoped out before moving forward.

• ALL-OR-NOTHING
• 90-DAY PERIOD

◙ OTHER FEATURES BY KICKSTARTER

When a project is successfully funded, the creator is responsible for completing the project and fulfilling each reward. Their fundamental obligation to backers is to finish all the work that was promised. Once a creator has done so, they’ve fulfilled their obligation to their backers.

There’s a chance something could happen that prevents the creator from being able to finish the project as promised. If a creator is absolutely unable to complete the project and fulfill rewards, they must make every reasonable effort to find another way of bringing the project to a satisfying conclusion for their backers.

◙CONTACT KICKSTARTER

Greenpoint, Brooklyn, USA

KICKSTARTER Partbers: This email address is being protected from spambots. You need JavaScript enabled to view it.

KICKSTARTER WebSite: www.KICKSTARTER.com

◙ Kickstarter Review