My partner asked me to look into all the crowd funding sites and find out which one is the best option for us. Below is the list of the most popular sites and their differences:
- Free to create campaigns.
- Pay 4% if you meet the goal or 9% if you don't.
- I don't see many fund raise for apps.
- Average apps raise about $6000 to $8000.
- These apps usually come with physical accessory as part of the product or offer branded t-shirts.
Kick starter (http://www.kickstarter.com/help/guidelines?ref=footer)
- Kickstarter cannot be used to fund software projects not run by the developers themselves.
- Kickstarter cannot be used to sell equity or solicit loans.
- No product simulations or photorealistic renderings.
- All-or-nothing funding.
- If your project is successfully funded, Kickstarter will apply a 5% fee to the funds raised, and Amazon will apply credit card processing fees (between 3-5%). If funding isn't successful, there are no fees.
- You can offer equity option.
- Equity option is only available to accredited investors only.
- $99 flat fee.
- No percentage fees.
- No up front cost.
- Keep the funds we raise.
- 8-16% commission.
- Low traffic...
- Site loads extremely slowly.
- Seems to be available only for accredited investors.
- It's mostly for charity or cause related fundraising.