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Hairyloon



Joined: 20 Nov 2008
Posts: 15235
Location: Today I are mostly being in Yorkshire.
PostPosted: Thu Nov 03, 11 9:20 am    Post subject: Crowd Funding  Reply with quote    

I seem to recall somebody on here using a crowdfunding website to launch an idea.
Google has come up with no end of them... do we know which ones are any good?

sally_in_wales
Downsizer Moderator


Joined: 06 Mar 2005
Posts: 20809
Location: sunny wales
PostPosted: Thu Nov 03, 11 9:21 am    Post subject: Reply with quote    

I used crowdfunder.co.uk to raise funds for my Victorian Soap project, am expecting the funds through any day now. I found them very easy to set uo and deal with, the only criticism I had was that they get the investors to cover the paypal fees rather than passing those on to the person requesting the funding, seemed a bit unfair to me

Hairyloon



Joined: 20 Nov 2008
Posts: 15235
Location: Today I are mostly being in Yorkshire.
PostPosted: Sat Nov 05, 11 8:58 pm    Post subject: Reply with quote    

sally_in_wales wrote:
I used crowdfunder.co.uk to raise funds for my Victorian Soap project...

Yes, I glanced at the site at the time, and stuck you a plug on facebook.
I can't get on the site at the moment. Do they only pay out when you've reached the stated target, or can you do it progressively?

woodsprite



Joined: 20 Mar 2006
Posts: 2943
Location: North Herefordshire
PostPosted: Sun Nov 06, 11 8:41 am    Post subject: Reply with quote    

As far as my research goes they only pay out when you achieve target.
I'll be trying one out to help fund a tour of a new play soon. Hope I'm as successful as Sally was. :0) What do you want help with HL?

Hairyloon



Joined: 20 Nov 2008
Posts: 15235
Location: Today I are mostly being in Yorkshire.
PostPosted: Sun Nov 06, 11 10:18 am    Post subject: Reply with quote    

woodsprite wrote:
What do you want help with HL?

I want to bring down the government.

T.G



Joined: 13 Sep 2009
Posts: 7280
Location: Somewhere you're not
PostPosted: Sun Nov 06, 11 11:23 am    Post subject: Reply with quote    

So what does the funder receive, if anything.... or is it based more on just the knowledge of doing something selfless, which is often more than enough?

Hairyloon



Joined: 20 Nov 2008
Posts: 15235
Location: Today I are mostly being in Yorkshire.
PostPosted: Sun Nov 06, 11 11:33 am    Post subject: Reply with quote    

T.G wrote:
So what does the funder receive, if anything....

That would depend on the fundee, and the nature of the project being funded.
Quote:
or is it based more on just the knowledge of doing something selfless, which is often more than enough?

Often that will be it, yes.

T.G



Joined: 13 Sep 2009
Posts: 7280
Location: Somewhere you're not
PostPosted: Sun Nov 06, 11 11:38 am    Post subject: Reply with quote    

Cool, I quite lke the sound of that.

bagpuss



Joined: 09 Dec 2004
Posts: 10507
Location: cambridge
PostPosted: Sun Nov 06, 11 12:05 pm    Post subject: Reply with quote    

For the projects I have seen like Sally's the funded project has some sort of output so the funder gets some sort of reward which is determined by their level of investment

Nick



Joined: 02 Nov 2004
Posts: 34012
Location: Hereford
PostPosted: Sun Nov 06, 11 12:14 pm    Post subject: Reply with quote    

Sally agreed to rub us all down with soap. Loon, I thought you lacked focus and ambition? Are you a wise bet?

Rob R



Joined: 28 Oct 2004
Posts: 31902
Location: York
PostPosted: Sun Nov 06, 11 12:17 pm    Post subject: Reply with quote    

Maybe I should use crowd funding to get the yard concreted - not sure what I could offer in return though, other than them not getting muddy when they walk through it...

Nick



Joined: 02 Nov 2004
Posts: 34012
Location: Hereford
PostPosted: Sun Nov 06, 11 12:20 pm    Post subject: Reply with quote    

50% off 3 meat boxes. Cash for you. Customers for you. Loyal ones at that, or no cost.

Rob R



Joined: 28 Oct 2004
Posts: 31902
Location: York
PostPosted: Sun Nov 06, 11 12:24 pm    Post subject: Reply with quote    

Hmm, will have to do some number crunching...

bagpuss



Joined: 09 Dec 2004
Posts: 10507
Location: cambridge
PostPosted: Sun Nov 06, 11 12:37 pm    Post subject: Reply with quote    

There are generally levels of reward the larger the investment the better the reward so 10 could be a money off voucher for their next purchase 50 could be multiple money off and 100 multiple money off and a visit to the farm to see the cows and get tea and cake or something

bagpuss



Joined: 09 Dec 2004
Posts: 10507
Location: cambridge
PostPosted: Sun Nov 06, 11 12:39 pm    Post subject: Reply with quote    

One of the important aspects of crowd funding it spreading the message wide enough so to find the people who will actuall give you money up front

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