CrowdIt has announced their CrowdIt Launch Challenge, a contest that will reward the most successful project on their platform with an additional $10,000 in funds.
CrowdIt is a new platform that is set to launch on June 4th, 2013. Crowdfunders have to submit their projects by June 1st in order to be eligible for the contest. The project with the most funds by August 18th, 2013 wins $10,000 of funding from CrowdIt.
CrowdIt boasts a platform that focuses heavily on the social aspect of a crowdfunding raise. CrowdIt will facilitate and encourage crowdsourced feedback and peer review for project creators.
Also note that CrowdIt is going to support flexible funding, a type of raise that we’ve covered in relation to Indiegogo.
The full press release is below:
CROWDIT NOW ACCEPTING CROWDFUNDING PROPOSALS FOR THE NEW AMERICAN DREAM, $10,000 GOES TO TOP PROJECT AFTER JUNE LAUNCH
CrowdIt offers more than just funding – puts the community in charge and offers peer review, expert support and networking to help people around the globe achieve their dreams
SPRINGFIELD, MO, March 6, 2013 – CrowdIt (www.crowdit.com), the crowdfunding site for the “New American Dream,” today announced it is accepting projects. The company’s focus is helping people not only raise funding for great project ideas, but also tap the power of the crowd to gain feedback, mentoring and networking as a means of achieving their goals and dreams. CrowdIt also announced it will contribute $10,000 to the project that reaches the highest amount of funding by Aug. 18, 2013, 75 days after the CrowdIt site goes live on June 4.
To submit a project to CrowdIt please visit: (www.crowdit.com).
“We believe that crowdfunding is a driving force in redefining the American Dream, and CrowdIt will offer a much richer and interactive experience than today’s first-generation crowdfunding sites,” said Jason Graf, co-founder and CEO of CrowdIt. “Our mission is to help ordinary people do extraordinary things – to follow their dreams and become part of the fabric of ideals of what we call the ‘New American Dream.’ Through the power of the crowd, CrowdIt aims to help projects get funded more fully and faster than other competing sites today.”
CrowdIt is the crowdfunding site for the inventors, innovators, fledgling entrepreneurs, creative artists, technologists and dreamers of the next “Big Thing.” The site’s strategy for crowdfunding extends beyond just raising money, but incorporates social interaction, mentoring and business networking to create an empowered community focused on achievement and success. CrowdIt is helping re-define the New American Dream by empowering people – whether individuals pursuing projects, supporters of funding campaigns or business experts and VCs – to play an active and important role in the crowdfunding process.
CrowdIt is Different
CrowdIt’s vision is that crowdfunding needs to extend beyond the funding event – exemplified in its tagline, “Don’t Just Dream It: CrowdIt!” – to help differentiate it in the market. Its website is architected to offer a new crowdfunding experience and to optimize the crowd in all facets of the site – from project evaluation and acceptance to peer review and networking.
The CrowdIt site includes:
Flexible Funding – CrowdIt offers its Dreamers the flexibility to fund either “all” or “partial” projects based upon the unique needs of the campaign.
Networking – CrowdIt incorporates social networking into its site to encourage mentoring and business-to-business networking. According to economic studies, the number one reason more than half of all U.S. small businesses fail is due to lack of experience – CrowdIt has the vision and strategy to help change that dynamic for all of its project campaigns.
Peer Review – CrowdIt believes in the “power of the crowd” to provide feedback for project proposals, ideas and strategies presented by Dreamers. This community support is a key differentiator for CrowdIt and a missing element in today’s first-generation crowdfunding sites.
Inspiration – CrowdIt provides examples, best practices and insights from industry experts to provide the inspiration and knowledge needed to succeed in both crowdfunding and launching a new venture.
Interactivity – CrowdIt is a highly social, interactive and collaborative community site that provides an engaging experience for all who visit and participate in it.
Crowd Power – unlike other crowdfunding sites, CrowdIt is designed to empower the community to drive decisions concerning project review and acceptance, feedback and advice, and input for future features to improve the site.
Champions for Success – CrowdIt is the evangelist for innovation, making a difference and pursuing the New American Dream – the site’s focus, design and strategy is centered on encouraging and driving success for Dreamers who are serious about making their dreams come true.
CrowdIt is now accepting crowdfunding projects at (www.crowdit.com), and projects will go live on the site June 4, 2013. The company is contributing $10,000 to the project that reaches the highest amount of funding by Aug. 18, 2013, 75 days after the go-live date. For more information, please visit (www.crowdit.com).
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Based in America’s heartland of Springfield, MO, CrowdIt (www.crowdit.com) is the crowdfunding site for believers of the New American Dream. Its crowdfunding site goes beyond just funding great ideas, but focuses on supporting success through peer and expert advisory support, business networking and sharing of best practices and knowledge. CrowdIt’s belief is that crowdfunding will help drive the next wave in innovation and economic expansion, and underpins its mission to support small business growth. A start-up, CrowdIt is privately held and backed by venture capital firm Baron VC. For more information, please visit (www.crowdit.com).