All-or-none crowdfunding is more a gamble than a sure thing. It's scary knowing that if you don't reach your goal, even if you are close, that you end up with nothing.
Los Angeles, CA (PRWEB) August 09, 2012
Los Angeles based company Extra Lunch Money LLC has launched Offbeatr.com, a non-equity based crowdfunding platform for sex and adult related creative projects.
Starting today users can explore projects or pitch their straight, gay, or lesbian adult project idea in such categories of art, books, education, games, movies, physical products, or websites. Offbeatr gives adult product and content creators an outlet to express and fund their sexual creativity while potential supporters can explore unique projects that cater to their sexual interests.
While similar to other popular crowdfunding websites, Offbeatr projects all undergo a public voting period before being allowed to accept funding from supporters.
"We screen projects that get posted to Offbeatr," said Ben Tao, CEO of Extra Lunch Money. "But we realized, we might miss projects that have a supportive community. Putting in a public voting phase helps identify good projects we might have missed and gives project creators feedback to improve their projects so they can be successful."
In addition to the voting phase, an Offbeatr project has two ways to raise money. The first way is through the selling of rewards, which follow the all-or-none funding model popularized by Kickstarter, where only if a project reaches its funding goal does the project creator receive the money raised. The second way is through the selling of digital products. Project Creators can upload digital content they own like movies, ebooks, and photos, and supporters can purchase this content and download it immediately. Even if a project doesn't reach its funding goal sales from digital products are paid out to the creator.
Tao continues, "All-or-none crowdfunding is more a gamble than a sure thing. It's scary knowing that if you don't reach your goal, even if you are close, that you end up with nothing. By introducing the digital product sales component we give project creators a way to hedge their bets and give supporters an additional way to support a creator without having to wait months for their reward."
Offbeatr is now live for public view. To learn more visit this safe for work link: http://news.offbeatr.com/
About Extra Lunch Money:
Extra Lunch Money is the company behind extralunchmoney.com, a social marketplace for models to market and sell custom and pre-made digital content, and offbeatr.com, a platform to allow people to crowdfund adult projects. Extra Lunch Money is dedicated to creating innovative and safe platforms to allow people to explore sexuality in positive ways.
# # #