“There’s been a mistake… I want my money back!” That famous line was uttered by Robert Shaw’s character in the 1973 movie “The Sting” when he realized things weren’t going as planned. Unfortunately, that line probably won’t work in the crowdfunding industry – until now! In this podcast, blockchain-based crowdfunding platform PledgeCamp’s President Eddie Lee explains how his platform differs from other crowdfunding portals as well as how his “Backer Protection Program” is holding project creators accountable by allowing investors to cancel the projects they’ve backed and get a refund if they lose faith in a project creator for whatever reason.
A Wharton University professor found that over 85% of projects break their promises, and less than 33% of investors return back to a second project. Investors are usually left with little recourse to recover funding on failed projects. While not an equity crowdfunding platform, the Pledgecamp’s main goal is to solve this issue by providing effective, reliable, and transparent crowdfunding functionality by supporting creators wishing to fund their dreams and by protecting investor/backers with features that emphasize accountability. Here’s a quick video on how their “Backer Protection Program” works:
And they’ve been quite successful in raising money in their own right! The company has raised $17 million in a private funding round and is advised by Randi Zuckerberg (Founder/CEO Zuckerberg Media), Matt Curcio (VP Data at Ripple), and Keith Teare (Founding shareholder at Techcrunch) in the lead up to its $3 million public token sale. That’s pretty solid company.
With low fees, excellent support, and post-funding storefront ability, listening to Mr. Lee on this podcast proves they have the workflow tools and knowledge base to get vetted projects in the hands of potential project backers. You’ll also learn why he’s using blockchain technology to do it all! If you’re a creator ready to start funding your project, or even if your campaign fell short on another crowdfunding platform, Pledgecamp may be the resource for you. Contact Eddie at his website or by email here with any questions or comments and begin the process of bringing your project to the next level of investment!
ABOUT OUR GUEST: Eddie Lee
Eddie Lee is an experienced hardware, blockchain and crowdfunding entrepreneur. As President of Pledgecamp, the next-generation crowdfunding platform, Eddie has combined the best aspects of blockchain – security, transparency and crowd-involvement to solve trust issues surrounding crowdfunding.
IMPORTANT!
All information provided is for informational purposes only. Mapable USA is not a registered broker-dealer, funding portal, or investment advisor. This information presented on this website/podcast is not intended as legal or investment advice for anyone to make an investment in any particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. Any information presented is not an offer or solicitation to purchase or sell any securities or financial products. None of the information on the Mapable USA podcast or website takes into account any individual person’s personal objectives, financial situation, needs, or particular circumstances. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor. Mapable, LLC recommends you obtain your own financial, legal, and taxation advice before making any financial investment decision.
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