Sunday, August 7, 2016

Crowdfunding: Raising Funds for a Personal Cause or Creative Project (blog, film, adventure theme)

Crowdfunding campaigns are closer to the reach of practically anyone with the ease of a legible screenshot and consistent storytelling. Folks are raising funds for things like medical treatment for loved ones, taking volunteer trips abroad to pursuing creative passions they could not afford otherwise.

Amongst the crowdfunding platforms GoGetFunding stands out compared with other rewards based platforms (i.e. Kickstarter) :

GoGetFunding has a 4% site fee while Kickstarter's 5%, and gives you:

Paypal support, ✔                                                          ✘
Personal Fundraising Coach✔                                     ✘
Customized Page Theme ✔                                          ✘
Instant Page Approval ✔                                              ✘
Timed/Ongoing Campaign ✔                                       ✘

Also, all campaigns are allowed while Kickstarter allows creative only (no personal causes). On GoGet Funding you can raise funds in 21 currencies, You get to keep what you've raised even if you haven't met your target.

  Fundraising ideas

To START a campaign : Click here

Discover Fundraisers

GoGetFunding and Kickstarter are rewards based platforms as opposed to equity crowdfunding platforms. "GoGetFunding and Kickstarter typically rewards for projects in the form of anything that is not monetary, whereas equity crowdfunding, as its name suggests, promises a financial slice of the pie when it comes to startup and small-business investment." Regulation A+ platforms need to be affiliated or registered with a broker-dealer of securities, register with FINRA and maintain certain levels of capital. With the passage of  The Jobs Act Title III equity crowdfunding is open to anyone. (Investors whose net worth or income is below $100,000 can invest up to $2,000 or 5% of their annual income or net worth, whichever is lower.) Under Title II before it was only opened to to accredited investors. SEC press release

From GoGetFunding Terms of Use:

"By using the GoGetFunding service you agree to the following:
> You will comply with all local, state/provincial, regional & national laws in your area of residence.
> You are to alert the GoGetFunding service staff about any unauthorized use of your Project Creator or Backer accounts.
> You agree to abide by all our terms and conditions and the PayPal acceptable use policy:

You may not use the PayPal service for activities that:
> Relates to transactions that (a) show the personal information of third parties in violation of applicable law, (b) support pyramid or ponzi schemes, matrix programs, other “get rich quick” schemes or certain multi-level marketing programs, (c) are associated with purchases of real property, annuities or lottery contracts, lay-away systems, off-shore banking or transactions to finance or refinance debts funded by a credit card, (d) are for the sale of certain items before the seller has control or possession of the item, (e) are by payment processors to collect payments on behalf of merchants, (f) are associated with the following Money Service Business Activities: the sale of traveler’s cheques or money orders, currency exchanges or cheque cashing, or (g) provide certain credit repair or debt settlement services
> Involves the sales of products or services identified by government agencies to have a high likelihood of being fraudulent
> Violates applicable laws or industry regulations regarding the sale of (a) tobacco products, or (b) prescription drugs and devices
> Involves gambling, gaming and/or any other activity with an entry fee and a prize, including, but not limited to casino games, sports betting, horse or greyhound racing, lottery tickets, other ventures that facilitate gambling, games of skill (whether or not it is legally defined as a lottery) and sweepstakes unless the operator has obtained prior approval from PayPal and the operator and customers are located exclusively in jurisdictions where such activities are permitted by law.
In addition, here’s what we don’t allow on GoGetFunding:
Here’s what we don’t allow on GoGetFunding:
> Sexually explicit material
> Adult services or products
> Pornography of any kind
> Content associated with hate groups or terrorist organizations
> Underage consumption or abuse of alcohol, tobacco, or narcotics
> Drug abuse, products or paraphernalia
> Offering equity or return-on-investment
> Pyramid or ponzi schemes, “get rich quick” schemes
> Purchases of annuities, investments, equity or lottery contracts
> Offshore banking or currency exchanges
> Betting, gambling, raffles, or sweepstakes
> Exchange of unrecognized or crypto-currencies
> Offering monetary rewards, including gift cards
> Non-medical or violent bodily mutilation
> Non-prescribed drug use or purchase
> Hurtful or hateful language
> Violent or hateful material
> Supporting or inciting treasonous behavior
> False, misleading, dishonest statements
> Funding or planning an assassination, suicide, or assisted suicide
> The purchase, transfer, or exchange of weapons of any kind including guns, knives, explosives and ammunition
> Campaigns in support of rebel groups, militias, gangs, or any organized violence
By using GoGetFunding, you also agree to  eWallet terms & conditions. eWallets are powered by MangoPay/Leetchi."

In addition, please note this website or the operators of this website do not make any recommendation as to suitability of any crowdfunding  idea, platform or initiative 

1 comment:

  1. Awesome !

    I'll be able to raise $2000 for my pet school project. Aim high !


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