Crowdfunding makes sense for big dreamers with small pockets

April 25, 2013 @ 7:26 am By San Bernardino Sun

It’s not a loan. And it’s definitely unconventional.

Chris Payne of Rancho Cucamonga has joined a growing number of those asking folks online to help fund their dreams.

For Payne, that dream means tapping into the online community to raise $45,000 toward a new home for him and his family. For others, it could mean efforts to raise millions of dollars to benefit victims of the Boston Marathon bombings.

The concept is known as crowdfunding.

“It’s kind of like you’re asking for a handout, but I thought, you know, everybody hates the banks nowadays anyway,” said Payne, who is a new products supervisor for a body jewelry company.

He’s posted his hopes for a home on gofundme.com.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Nov 5, 2026 vs Jan 1, 2025 - Nov 5, 2025

Number of Filings134Prior 129 +3.9%

Target Raise, Total$3.45BPrior $3.59B -3.8%

	This YTD	Year prior	Change
Filings	134	129	+3.9%
Target raise	$3.45B	$3.59B	-3.8%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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