SmashFund is setup to be part of the User crowdfunding success story. SmashFund distributes up to 80% of company revenue back to the Users. This Revenue Share component translates into SmashFund becoming, in essence, a backer of its own User base.
Bend, Oregon (PRWEB) August 01, 2016
SmashFund, a new social crowdfunding platform, today announced its official launch. SmashFund is an invite-only social crowdfunding network that helps fund the passions of its users.
The company aims to solve a fundamental problem with crowdfunding to date: many campaigns fail because of lack of exposure. By adding a proprietary socialgraph, SmashFund Users build a community, like a social network, resulting in a group of instantly engaged backers. Complete with profiles, project pages, status updates and more, SmashFund feels like a social network but amplified with the power of crowdfunding.
“We took a concept that most people are familiar with, social networking, and used it to help mitigate against a commonly high failure rate in crowdfunding. We also found in our research that many individuals get tripped up on the word ‘Project’. But, if you ask people what their passion is, everyone has one. Changing the vernacular just a bit and setting people up for success by building an engaged crowd is really what sets SmashFund apart from other platforms. That and the fact that we share up to 80% of our revenues with Users,” commented Rob Towles, CEO of SmashFund.
SmashFund is setup to become an integral part of the User success story. SmashFund will distribute up to 80% of company revenue back to the Users. This Revenue Share component translates into SmashFund becoming, in essence, a backer of its own User base.
Towles continues, “Whether you're rebuilding your Dad's classic car, launching a fitness boot camp, or helping someone in need, SmashFund helps users fund their passions. Through the connectivity and tracking of our proprietary socialgraph, SmashFund users can connect to one another, creating a social network of amazing projects along with other likeminded users, unlocking the potential of both the revenue share and backer contributions.”
SmashFund also set out to simplify the experience by eliminating many of the barriers and confines of traditional crowdfunding. With SmashFund Users have:
- No time limits
- No funding goal requirements
- No percentage taken from contributors (transaction fees apply)
- No penalties for not achieving funding goal
- No annual commitment
- Funds deposited weekly
- Change out passions and projects freely
- Keep backers & connections in place
- Non-profits welcome
- Revenue share up to 80% with Users
- No hidden costs – flat monthly fee of $149
To learn more about SmashFund visit http://www.smashfund.com.
SmashFund is the first crowdfunding platform operating as a social network. An invite-only community, SmashFund is for the dreamer who dares to dream, the entrepreneur who eats obstacles for lunch and a place where passions, people and life collide. Setting Users up for success, SmashFund distributes up to 80% of company revenue back to its Users. SmashFund is a registered Public Benefit Corporation.