New Funding Option

Crowdfunding has been in the news ever since its inception a few years ago. This concept of allowing regular consumers to contribute to funding a start up has thrilled millions of inventors, entertainers and entrepreneurs. Yet, for many reasons it hasn't turned out to be the simple solution many had hoped.

The biggest obstacle, of course, is having the right idea and knowing how to prepare it to go to market. Not all inventors or entrepreneurs understand how to start or run a business. So it is no surprise that many crowdfunding applications are rejected.

Of those accepted, there is another huge hurdle to cross.Estimating a fu nding figure can been tricky. It needs to be high enough to achieve projected goals and low enough to make sure it is attained. Because up until the advent of YouveGotFunds.com, all donations are returned if the financial goal is not reached. Time is wasted and unnecessary disappointment experienced.

YouveGotFunds.com was launched to solve the genuine demands of the start-up marketplace and has made the process much more user-friendly.

An example: An off-Broadway producer was trying to raise funds through Kickstarter, a much-known crowdfunding site, and was only able to raise $10,000 versus the $1 million goal. None of the donations were allowed to be kept and a couple months wasted.

That same producer went over to YouveGotFunds.com and was helped with developing achievable goals, marketing plans and is well on her way to achieving her funding and vision.

The founders of this unique, new crowdfunding vehicle are a husband and wife team, David and Ellen Sperling, who bring more than just a good idea to the world of online funding options.

Faleris: What in your background inspired you to open a crowdfunding site?

Sperling: As previous business owners servicing other small businesses and entrepreneurs -- we were well aware of how many business owners have difficulty getting capital. Not all businesses are ready for or have the opportunity to meet with Venture Capitalists. When we were doing our research on different start-ups, we became intrigued with crowdfunding and how it could be a great option for people looking to raise funds.

Faleris: Are you doing it in the same way as Kickstarter and the others?

Sperling: We are a rewards-based crowdfunding site which is the same as Kickstarter -- but we are different and offer more advantages for YouveGotFunds participants.

Faleris: What makes your program different?

Sperling: We believe in the Keep it All philosophy. With Kickstarter and most others, if you don't reach your funding goal, then you walk away with nothing or have to pay additional fees. Not only is that a waste of time (which is precious when you are starting out) -- it can make a dent in your credibility. So we have changed that.

At YouveGotFunds, participants get to keep all that they raise even if it falls short of the goal (minus our 5% fee and incurred PayPal fees). We want every YouveGotFunds client to be a winner so they get to keep what they raise -- not only will this money help them through the first phase of their project, initiative or business -- but it is much easier to generate funds offline when you have demonstrated its appeal online through crowdfunding donations.