Platform Review: Pozible

Summary: Pozible is a crowdfunding platform for creative-minded individuals looking to raise funds, realize their aspirations, and make great ideas become a reality. Project creators are able to present their visions to a worldwide audience, as the platform recently went global.

Best Feature: Unlike some of the other crowdfunding platforms, Pozible offers a variety of resources to help their users succeed. The Pozible Handbook provided by the team includes guidelines for before you start, how to set up your campaign, what to do during your campaign, and where to go after your campaign. Furthermore, the site provides a helpful blog with crowdfunding tips as well as an advice section from previous crowdfunders.

What To Consider: Pozible has an “all or nothing” approach. Each project owner is forced to set a funding goal and time limit (from 1-90 days) for their idea. If you are unsuccessful in raising your goal during the set time period, all pledges are canceled and the funds are not transferred. If you are able to estimate your projected funding, then this will not be an issue, but the race against time could deter you from your ultimate goal.

Ideal User: Pozible is developed for artists, musicians, filmmakers, journalists, designers, social change makers, entrepreneurs, inventors, event organizers, and software developers. The platform brings the creative-minded together.

Cost: There is a standard service fee of 5% as of June 6, 2012. Fees only apply to successful projects.

Christie Street New Object-based Crowdfunding site Promises to Carefully Check Projects Out First!

When the disappointment of unfulfilled pledgers set in on Kickstarter, the notion was that something had to be done. I thought the solution would have been to better educate backers on the potential fallibility of the design process, but I realize that’s unrealistic, given how long it takes us ID’ers to learn what we know: Two to four years of school, the internships, the first few floundering projects executed as a freshly-minted designer.

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Crowdfunding: Investors at your fingertips

As an innovative means of raising funds, equity crowdfunding has emerged as an alternative solution for start-up and early stage businesses. Businesses looking for cashflow may not often think beyond the traditional types of funding. Bank loans, overdrafts, invoice financing and all manner of other solutions available from banks are naturally a first point of call for SMEs, and finding the right solution can ensure a business has the finance it needs for anything from day-to-day cashflow, to expansion or growth.

For the full story click Here The Guardian