Fundraising · Crowdfunding

What are your thoughts on the equity-based crowdfunding platform Fundable?

Calvin Lee Judicial Intern at U.S. District Court, Southern District of New York

July 9th, 2015

CircleUp takes a cut of what you raise, so their interests are aligned with the entrepreneurs. With Fundable though, you have to pay $179/mo just for your profile to be hosted. Their premium service is $1800 to get help with PR and reaching investors. I'm skeptical, but I'd love to hear others' opinions.

Eleanor Carman Incoming BLP Sales Associate at LinkedIn

July 9th, 2015

Calvin - Great question. We have some awesome discussions going on about this topic already that I think you'd find useful. Here are two specific discussions about best crowdfunding platforms. Make sure to do a quick search on the topic before posting a discussion. We have some really valuable discussions already on the site. You can also follow the discussions/topics you're interested in so you're updated when new responses are posted. 

Alex Mahon

July 9th, 2015

I'm in the same boat. Have an idea I'm debating tossing up on Fundable and seeing what happens, but their service isn't cheap.

Jake Carlson Software Development Manager at Oracle

July 9th, 2015

I'm with a company called MicroVentures. They are fairly selective but I just wanted to throw out another option. 

Sean Steigerwald Co-Founder at Malartu Funds

November 18th, 2015

I can't speak to Fundable directly but it's important to note the distinction between a listing site, somewhere with loads of entrepreneurs and investors and tools to connect, and an investment platform, somewhere with investors seeking investments and the ability to make those investments online. I'm with a company called Malartu Funds that is an investment platform. We're also fairly selective but would love to learn more about your business. 

Wyler Furgeson President and CEO at Charismac Engineering, Inc.

January 9th, 2016

I've been running a offering on both Crowdfunder & EquityNet and have been very diligent to be active on both pitching our deal. Seems there are alot of tire kickers and on crowdfunder in particular there is a very unfair disconnect between companies that are "paying" for extras and everyone else. No real traction on either so I went ahead and retained an Investment banker to help with the process. I had much better results and communication presenting & speaking with folks at Mike Segal Yale Club event for companies raising funding.

Eric Forst CRO at ShareIQ - image intelligence at massive scale

January 10th, 2016

There's a provision for start-ups in the budget bill passed by Congress last month. The PATH act now let's start-ups claim the R&D tax credit against their payroll taxes in 2017 for qualifying work they do in 2016. This is potentially a way to "fund" your start-up with up to $250,000 in cash and without diluting your equity.

Irwin Stein Very experienced (40 years) corporate,securities and real estate attorney.

January 16th, 2016

Whatever portal you pick for an equity raise, you are pretty much on your own as far as marketing your shares. It depends on how much you are trying to raise, what your company does and who you think might buy your shares. I would generally recommend the cheapest portal because they add little value to any crowdfunding effort. My personal opinion as someone with 40 years in the markets is that the stronger deals should sell better than the weaker deals.