Platform Review: Credibles

Summary: Credibles, a service offered by Slow Money, offers crowdfunding services to small, sustainable food-related businesses. The site offers a redemption service for prepaid crowd funding, donation tracking, and more.

Best Feature: When donors prepay their favorite business, they’re repaid with edible credits, or “Credibles,” which can be redeemed at the business. These credits, worth $1, serve as an incentive for fans and customers to participate. A customer who invested in a food-related business could, for instance, be paid back for their investment in ice cream. Credibles can be given as gifts and transferred for use at partnering businesses.

What To Consider: The service is currently limited to businesses in New York City and California, so businesses in other areas will have to wait before they’re able to use the service.

Ideal User: Credibles is ideal for professionals and business owners in the food and restaurant industry.

Cost: Credibles charges a small service fee when a supporter pays via the “pre-pay” option, though the site does not specify how much.

Will Crowdfunding Change the Face of Consumer Electronics?

By Jim Handy for

At this year’s Consumer Electronics Show (CES) a number of companies showed wares developed using the crowdfunding finance model popularized by Kickstarter, Indiegogo, and a variety of other firms.  Some of these devices were recently reviewed in another Forbes article and include:

  • Two watches: the Pebble and ConnectedDevice’s COOKOO,
  • A minimalist home phone by UrbanHello,
  • The Turtle Shell line of loudspeakers by Outdoor Technology,
  • Robots designed to look like the Android mascot by Reality Robotics,
  • The Shine activity monitor by Misfit Wearables,
  • HAPIfork, a food intake monitor,
  • Two 360-degree lenses for the iPhone, made by Kogeto and GoPano,
  • The Ouya game console,
  • The Good Night Lamp, a product that defies categorization.

These companies have raised anywhere from $100,000 to about $10 million using crowdsourcing, largely by taking pre-sale orders for upcoming products

Full Story Here