Sure, it might sound like charity at first, but it’s all in how you angle it. Fundable is a new site that facilitates group fundraising for whatever purpose you might have in mind. Some standard examples:
- Personal projects
- Non-profit organizations
- Group purchases (to get volume discount)
- Group trips and outings
These are all fine, but how about using it to raise money for your business? If you have a compelling vision, you might be able to use fundable to raise money to start or continue your existing operations. This seems especially feasible if you provide a free or low cost service to the community and some of them feel like a small contribution is worthwhile. Or perhaps you are trying to expand into a new market segment but there is some up front cost that is difficult for your company to stomach? You can setup a group that’s targeted to that new segment to possibly seed the initial capital outlay. I’ve got no proof this will work, but it’s an idea I’ve thought about for our own business 
The biggest drawback I see right now is the 8.9% transaction fee, but maybe there are ways to negotiate that down…
If you think of any other useful ways to use something like fundable let us know! Or if you’d be willing to chip in to fund us let us know and we’ll set up a fundable account right away 
-JC
Tags: Funding, Fundable, money, startup, business, investment capital
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on May 24th, 2006 at 11:09 pm
Still using Qumana…if you saw the post within a few minutes of my publish (or if you get the RSS feed), you probably saw the formatting messup. That software it still pretty buggy. Oh well.
on Aug 30th, 2008 at 5:58 pm
Hi mate , great post ! I would like to subscribe to your blog, please tell me where can i subscribe. Thanks !