DreamFund Announces Launch of Their Social Savings Platform.
DreamFund wants to be the simplest, safest, most engaging way for people of all ages to save for their personal dreams or support someone else’s. From an iPad for the holidays to a college fund for the future, the platform helps dreamers gather the financial fuel for their dream by organizing support from their social networks, friends and family. Each dream is linked to a savings account that is FDIC insured and can earn interest.
The founding management team combines over seventy years of software and internet start-up experience including eight exit transactions. Kent Plunkett, CEO and Yong Zhang, COO and CTO previously spent twelve years working together founding and leading Salary.com from its initial launch to a successful 2007 Initial Public Offering. Peter Crosby is DreamFund’s CMO and Chief Dreamer and served most recently as Director of Product Marketing and Content Marketing at Constant Contact.
DreamFund has also announced the beginning of their invitation-only beta period. Individuals interested in joining the invite list can do so today.
“People tell us they struggle to gather the resources to achieve their dreams,” said CEO Kent Plunkett. “Our vision is to harness the power of crowdfunding to build a better way for dreamers to ask for support and share their progress in a simple and effective way.”
But dreamers are only half the equation – the funders and their needs are important too.
“Funders tell us they want confidence that their money will be spent for the purpose it was given,” said Peter Crosby, CMO and Chief Dreamer. “That’s why our tools includes the Dreamer’s PromiseTM, an agreement between the dreamer and their supporters which can be backed up with configurable spending rules and controls.”
Using DreamFund is simple. Here’s how it works:
- Create – setup the Dream in just minutes
- Promise – explain how the money will be spent
- Inspire – attract funders with step-by-step personalized marketing tools
- Celebrate! – share your success with supporters