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Add to SafariWhen comparing Kickstarter vs Crowdfunder, the Slant community recommends Kickstarter for most people. In the question“What are the best ways to crowdfund a project?” Kickstarter is ranked 1st while Crowdfunder is ranked 3rd. The most important reason people chose Kickstarter is:
Knowing that there is enough funding will allow long-term budget planning. Knowing that there's *not* funding allows users to move on.
Question Ranking
Pros
Pro All-or-nothing model allows commitment with certainty
Knowing that there is enough funding will allow long-term budget planning. Knowing that there's not funding allows users to move on.
Pro Helps to promote projects
Potential pledgers are encouraged to browse Kickstarter much like Pinterest. While most of the funds will be generated by personal effort, Kickstarted certainly offers a good boost for those who need it.
Pro Popular site
Kickstarter is one of the most well known crowdfunding site. Over $1.2 billion has been pledged so far, with 10 million monthly visitors to the site.
Pro One-on-one coaching
With a monthly membership, users can receive one on one success coaching in order to reach their goals faster.
Pro No fees taken from raised money
Once an investor pledges money, 100% of it goes to the startup. Aside from monthly membership, there are no fees.
Cons
Con 5% fee is applied to successful funding
Any successful crowdfunding operation run on Kickstarter will have a 5% fee. The payment processor will take an additional 3-5%.
Con Membership is expensive
No fees are applied to pledges because startups are required to pay $299/mo if they want to earn up to $500,000, or $999/mo to have unlimited access to investment. For small projects, this is expensive. However, other crowdfunding platforms charge around 5%, meaning that the fee applied $500,000 would be about $25,000 instead of $299.
