“IT TAKES MONEY TO MAKE MONEY.”
Not necessarily. Although it is true that capital tends to breed capital, what gets lost in translation is that capital comes in more forms than monetary. Your reputation is a form of capital. Your unique ideas are a form of capital. THE FREE EXCHANGE OF INFORMATION (the Internet) is a form of capital. How you use these alternative forms of capital may be the difference between speaking about your dreams and realizing your dreams.
This post is about two websites that give artists and entrepreneurs the opportunity to receive funding from scratch. All you need is a solid idea and a lot of support.
But first, let me introduce you to Ms. Alexa Mason, someone who is currently using one of the sites to pursue her dreams. Alexa is in the process of starting a business called The Mommy Cycle and we support Alexa 1,000% for such a dope idea. Check out the video below for more details on how to support.
FundaGeek is the first Crowd Funding service designed specifically for technical innovation – commercial projects based on technology, as well as basic research projects at universities and research institutions. FundaGeek is for securing funding for these projects without giving up equity interest and without incurring debt. Funding is provided via micro-pledges through social media.
Kickstarter is the world’s largest funding platform for creative projects. Every week, tens of thousands of amazing people pledge millions of dollars to projects from the worlds of music, film, art, technology, design, food, publishing and other creative fields.
FundAGeek & Kick Starter
A new form of commerce and patronage. This is not about investment or lending. Project creators keep 100% ownership and control over their work. Instead, they offer products and experiences that are unique to each project.
All or nothing funding. A project must reach its funding goal before time runs out or no money changes hands. Why? It protects everyone involved. Creators aren’t expected to develop their project without necessary funds, and it allows anyone to test concepts without risk.
Each and every project is the independent creation of someone like you. Projects are big and small, serious and whimsical, traditional and experimental. They’re inspiring, entertaining and unbelievably diverse.
And, it’s only the beginning. Expect to see lots of commercial websites adopting these funding principles and working out new business models around Crowdfunding. Can hardly wait.