What is Crowdfunding?
Crowdfunding by Definition
"Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet."
Crowdfunding is facilitated through a website called a crowdfunding platform. These platforms offer people their own webpage where they can explain the project outcomes, outline the amount of money they need to reach these outcomes, set how many days their campaign will run for & collect money from supporters.
There are two foundations of crowdfunding; all-or-nothing and flexible funding;
Flexible funding allows project creators to receive anything that is raised at the end of their campaign regardless of their funding target.
All-or-nothing campaigns are only paid out If project creator reaches or exceed the funding target they set. If they don’t hit their target, they get nothing.
Different Types of Crowdfunding
There are 4 main types of campaigns.
Where you offer products, experiences or recognition in return for support
Where you borrow money from supporters with the intention of paying it back
Where you offer equity and/or financial returns in exchange for support
Where you don’t offer anything in return
What is Pozible?
We champion ideas by empowering creators & connecting communities
Pozible is an Australian born, global crowdfunding platform that specialises in all-or-nothing, reward based crowdfunding. We are a small and dedicated team that offers anyone the opportunity to launch an idea.
"Pozible's success rate is 58%, making us the most successful major crowdfunding platform."
Pozible has also grown into an active and socially engaged community. It is a gateway for discovering and supporting inspirational projects and thinkers directly. By becoming actively involved in bringing more attention to bold new ideas, art, products and the talented people who conceive them, project supporters become a vital part of a true creative community.
Pozible pays it's wages by taking 5% of the total pledged amount from successful campaigns only, for more information on fees click here.