FirstBase FundRaising Today Launched the Fastest Crowdfunding Service Ever

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For businesses strapped for cash and collateral -- a common challenge these days -- the launch of FirstBase FundRaising by NextMVP may prove to be a major win for its users.

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Dayton Baseball Club raised $80,329 (40%) of its $200,000 target from 621 supporters in just 14 days.

FirstBase FundRaising today launched the fastest crowdfunding service which is the first to leverage the global sports communities.

FirstBase Fundraising by NextMVP allows both individuals and organizations to collect money online for business endeavors. Campaign creators get customized, searchable 'Contribution Pages' where backers or investors can give money, keep tabs on a campaign’s progress, leave comments and share with others. The site tightly integrates with services like PayPal, Amazon Payment and Facebook to ensure a cohesive donor experience from start-to-finish.

"The gradual success of crowd sourcing has validated this arena as a pliable option to funding things," says John Steward, co-founder of FirstBase Fundraising.

The crowd can already exist from a person’s social community but it can also suddenly form from disparate groups around the world. The Internet allows for these groups to form rapidly increasing awareness. These crowds may share an interest in funding a person, project, event, campaign et cetera.

Project backers usually get small perks in return for their contributions, such as an invitation to an event or their name in the credits at the end of a film. Backers are also invited to comment on the project. "It's an extraordinary way of getting feedback on your idea. People vote with their dollars, so you can see how well you’re doing before you jump off a cliff," said Lamar Epps of Epps Electrical Technologies.

On FirstBase, best known for initially supporting athletes and sports industry people, project backers do not even expect any financial returns on their investments.

"People want to see their money invested in businesses that they understand and that they choose," said Marsha Powell, CEO.

The sports industry is perfect for accessing crowds of like minds, and crowdfunding is perfect for it," said Powell.  She added, "Besides being a means for financing some or all of a project or idea, crowdfunding provides a brilliantly unique opportunity for putting a business up on its feet. Also, there’s a certain amount of belief, trust and honor amongst sports communities that you can appreciate.”

With its early success, FirstBase is preparing for additional service offerings, such as allowing equity stakes in companies, under the JOBS Act to be finalized in early 2013.

The more people understand that being “social” simply means opening up more effective lines of communications with existing and new friends and being open and honest with them, the quicker new businesses and projects will get off the ground.

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Sandy McCommon
FirstBase FundRaising by NextMVP
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