How to Launch a Crowdfunding Website in 2022?

Due to a lack of funding, many business concepts fail to materialise. However, many crowdfunding sites help millions of entrepreneurs realise their ideas.

In this comprehensive tutorial, we will provide you with the necessary information for crowdfunding website development as well as mobile platforms.

https://multiqos.com/how-to-start-a-crowdfunding-website

#crowdfunding #crowdfundingwebsite #crowdfundingapp #crowdfundingwebdevelopment #webdevelopment #websitedevelopment #webdeveloper #hirewebdeveloper 

How to Launch a Crowdfunding Website in 2022?
James Donald

James Donald

1621490732

How Do STOs Make Good Crowdfunding Mediums?

Ever since blockchain-based funding became commonplace, many entrepreneurs have benefitted. This funding model offered a decentralized framework that bypassed unnecessary paperwork and gave access to an international network of investors. While it fostered an entrepreneurial spirit, the system also became susceptible to quick-rich schemes that cheated investors of their money. This led to many losing trusts in blockchain-based crowdfunding. However, all hope was not lost!

Understanding the difficulties the different players in the market face, especially the investors, a new crowdfunding model was formulated.

Security Token Offering, or STO, has the following advantages:

  • Projects are regulated to protect investors’ interests
  • Investors are promised equity in the project
  • Helps eliminate dubious projects
  • Recognized by the U.S. Securities and Exchange Commission
  • Accepted in most countries

Today, it is very easy to create an STO project. With many companies offering easy development solutions, the possibilities are endless. However, we advise you to launch your own STO with Infinite Block Tech. They are a trusted blockchain and cryptocurrency company with several years of experience. They have many successful projects under their belt and many more in development.

##blockchain ##sto #cryptocurrency #crowdfunding

How Do STOs Make Good Crowdfunding Mediums?

I Analyzed 400,000 Crowdfunding Campaigns — Here’s What I Found

Crowdfunding is a modern, more accessible approach to raising capital, with the first campaign in 1997. Kickstarter was founded in 2009, and crowdfunding projects have exploded lately, as traditional funding is way down during the pandemic.

Here, I analyze a dataset of nearly 300,000 Kickstarter campaigns and another dataset of around 100,000 Indiegogo projects, to find what works and what doesn’t.

#data-analysis #crowdfunding #kickstarter #data-science #indiegogo

I Analyzed 400,000 Crowdfunding Campaigns — Here’s What I Found
Smith Jasson

Smith Jasson

1599476860

5 Crowdfunding Platforms to Get Funded Your Mobile App

Crowdfunding has become a lot popular in just a few years after the silicon valley’s numerous business funding plans and various other tech funding platforms to churn out new tech ideas from business owners and tech entrepreneurs.

Similar to that, we are going to walk through to some of those crowdfunding platforms that work exactly close to each of their working behavior.

Because of these crowdfunding platforms, many tech entrepreneurs and technophilic mindset business owners come forward to discuss their idea that solves the major problems of consumers with minimal technologies used and get the maximum output through their workings.

Furthermore, all these crowdfunding platforms allow mobile and software application development companies to use their creative mind limits to their stretch, and because of all these liabilities, an individual take creative freedom and develops a product that transforms the entire industry.

1). AppStori
2). KickStarter
3). Indiegogo
4). AppsFunder
5) GoFundMe

All these platforms do have little difference functionality, though most of them are working with the same motive to each other.

We recently published an entire article on “5 Crowdfunding Platforms to Get Funded Your Mobile App”, this article walks through the operations of these crowdfunding platforms and what a developer can do from their end to get funded from these big ventures.

for an entire breakthrough: 5 Crowdfunding Platforms to Get Funded Your Mobile App

#crowdfunding #fundingraisingforappdevelopment #appdevelopmentfunds

5 Crowdfunding Platforms to Get Funded Your Mobile App

Blockchains for Crowdfunding | Hacker Noon

It is no secret that Crowdfunding hold a tremendous potential in helping entrepreneurs and creators in pushing their projects forwards and gathering much needed financial resources. In 2018, The crowdfunding market size was valued at 10.2 billions dollars and was set to almost triple by 2025.

It is undeniable: crowdfunding platforms give unprecedented opportunities to creators and make it possible to finance projects that would have been otherwise neglected and/or undervalued by traditional investors.

It enables the process of investment to be democratized and let anyone invest and contribute to innovative projects they are interested in. The problem is that crowdfunding through crowdfunding platforms has many pain points that may get in the way of the successful deployments of brilliant, disruptive ideas.

When it comes to using Crowfunding platforms one of the main issues is the level of control exercised by those profit-motivated platforms: Often the platform acts as a gatekeeper, reinforcing rules that may sometimes be arbitrary or even detrimental to creative projects.

The project can also be at risk if they happen to disagree with often ambiguous terms of service. Another problem is the fees taken by such platforms. Often such fees are quite expensive and could be used by the creators to actually move their project forward. Why pay the platform money that was meant to actually finance the project?

Crowdfunding faces the issues that appear in any service that rely on third parties. The problem is that it beats up the democratic philosophy behind Crowdfunding and the problems it’s supposed to solve: that is the free contribution of the crowd to a project they happen to believe in. It distorts a creative endeavor that’s the fruit of collaboration between creators and enthusiasts into a business scheme. And this is precisely where Blockchain-reinforced Crowdfunding comes into play.

ICOs: The missing link between crowdfunding and blockchains

As we know, Blockchains are meant to enable decentralized, peer-to-peer exchange of value. So how can this advantage be leveraged for funding startups?

In 2012, a Bitcoins enthusiast and software developer, J.R Willet sought to raise capital for a project he wanted to start called MasterCoin. J.R. Willet wanted to exploit the bitcoin infrastructure by adding a layer in top of it in order to perform complex financial transactions such as smart property and saving wallets. To fund the project, one simple idea was implemented: contributors could send bit coins to development teams. In exchange, they received digital tokens that could be used later on the Mastercoin service and whose value increased as the project gained leverage (i.e. they could be sold later on as their values increased). This novel way of crowdfunding worked like a charm: Willet managed to raise a fund of 5000 Bitcoins (approx $500 000). This method of raising capital came to be known as Initial Coin Offering, and the possibilities that it opens up for crowdfunding are endless.

So how does the funding work? In general, the process goes as follows: A startup company announces an idea and sets a date for funding the project. Contributors then pledge digital currencies (such as Bitcoin) in exchanging for a number of digital tokens. Since ICOs generally come from tech companies, those tokens can then be used to use the services on the platform built by the startup. Eventually, as the value of the startup goes up, those tokens can then be sold for profit on digital exchange markets.

One of the fastest ways to set an ICO is through the Ethereum infrastructure. As of now, Ethereum is the main platform for conducting ICOs. Ethereum even created a standard called ERC-20 that defines how Ethereum-based tokens must be implemented in order to ensure compatibility within the whole Ethereum network. Put simply, ERC-20 tokens define for developers what needs to be implemented in their tokens in order to ensure compatibility and integration with the rest of the Ethereum ecosystem such as wallets and marketplace. In terms of crowdfunding, this ensures the would be investors could trade their acquired tokens as most crypto-exchanges support ERC-20 based tokens.

#crowdfunding #ico #ethereum #cryptocurrency #blockchain #crypto #ethereum-blockchain #blockchain-technology

Blockchains for Crowdfunding | Hacker Noon
Vern  Greenholt

Vern Greenholt

1597027200

Startups Survival Using Data Science

In one of my academic projects, I was introduced to a sponsor company RedCrow which works with early-stage startups and helps them with their desired crowdfunding. And we were asked to come up with a solution that helps their client/startups achieve their desired goal effectively.

This was a very interesting project for me, because the previous year 2019, I got a chance to work at a startup where I came across many strategies they use to survive as a small startup company. So I became intrigued by how actually startups survive. I was curious to know if advanced analytics methods help us predict if a startup will survive or fail? As we all know the nature of a startup is meant to be unpredictable, I was curious to dig if possible, some insights through data.

In addition to this, RedCrow is a crowdfunding platform, where marketing campaigns play a major role that helps startups achieve their desired goals in a given period of time. So I got inclined towards an idea, how a startup can reach too many/crowd in just a short span of time? Social Media came to my mind and I started exploring how social media features impact a startups survival or performance? I assure you that results are promising, just wait till the end of the article.

Through this article, I am sharing a small part of my project. For more details check out my github link, which includes a web application that performs extensive assessments of startups.

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Summary:

This article includes data scraped from angelist.io, a publicly available startup platform with a tabular view of startups with features such as size, start/joined date, location, and market. Later social media data (followers and following) was scraped from twitter for every startup company. The data is divided into two parts, one that includes social media features and others don’t - in order to compare model performances. I used the Chi-sq test to get the most important features from location and market, as it is intuitive that geographical location, as well as market competitiveness, has an effect on startups. Below is the brief outline of project flow:

  • Raw Data — scraped from Angelist(angel.co) and twitter
  • Data Cleaning — one hot encoding along with feature selection using Chi-Sq test
  • Logistic Regression model — choosing best accuracy on a validation set
  • Model comparison and evaluation.

Data Ingestion/collection:

Getting a startup data was a bit tricky, after researching I got my hands on angelist.co data. As data is in quite a good shape and freely accessible. Below is the snapshot of the web page from which I scraped data:

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Angellist Companies Webpage

The above page has quite a good amount of data in terms of startup companies, and I have scraped unique startups from all different markets based in the US.

Features scraped are Company name, Joined Date, Market, Website link, Employee Size, Stage, and Total Raised amount.

Similarly using Selenium and BeautifulSoup(web scraping package in python), I was able to extract a company’s count of followers and following. Link to Jupyter notebook!

#crowdfunding #artificial-intelligence #social-media #data-science #startup #data analysis

Startups Survival Using Data Science