Funded By Me is a platform for crowdfunding your projects and dreams. It is born out of the frustration that all entrepreneurs, creative people and enthusiasts experience while they struggle to bring to life a vision; the difficulty of reaching out and raising funds.
You submit your project to us in very few steps. We advise you to use a video, to be precise and to view your presentation as a pitch for creating interest and trust in yourself, your idea or your project.
We will review your project and in some cases give advice or provide feedback. The purpose of this is to ensure that our inside knowledge gets passed over to you. We believe that a project that is well presented has better chances of succeeding.
We are called Funded By Me because everybody wants to be part of something bigger. We all love the feeling of being part of a movement, a purpose, a project or the making of a dream. Fans want to help their idols, people love to be part of creativity and a lot carry the dream of being part of the next big thing.
So people will support you; either because they believe in you or want to see you succeed, because they love your idea or product or because they see that later on they might get an exclusive gift, tickets or another reward.
In some cases the rewards might be shares of an idea or company, but in most cases we will show you how you can see different ways to reward your backers. And remember that if you offer an item like a CD, a t-shirt, tickets or something affordable and tangible you might even receive a lot more than what you thought you would. In a way, you sell stuff in advance and create a buzz and a community around your project.
Anybody can submit a project. We will go through every project and decide if we think that it's ready to go live. In some cases we will suggest improvements to your presentation. In any case you will always receive a reply. Although we welcome most projects we are committed to see you succeed.
Just go to http://www.fundedbyme.com/submit-project/ and start from there. Read the Tips & Tricks and visit and engage with the community.
This is very easy. Just select the project you want to support and select a reward or amount. Click on it and you will have a second chance to review your order. After that you will be taken care by PayPal, one of the most secure ways of online payment. You don't need a PayPal account - any credit card will do just fine.
Every project has set its' own minimum goal it has to reach. If it doesn't, all the money collected so far from backers will be refunded.
PayPal will show the information you have given them. Only the project owner sees your contact information (name, address, etc).
No.
As in every online transaction or real life interaction you have to carefully examine the person or project, do your due diligence or trust your instincts. We also recommend to carefully view the links provided and Google. These methods might give you a good idea of the project creator. Although have in mind that stuff can go wrong along the way, so even if you back someone who is for real, projects might fail sometimes.
Anybody, anywhere can back projects. Anybody anywhere can also submit a project. Thanks to PayPal and the major credit card companies you have no technical problems backing projects.
Of course. You need a clear timeline. A start and an end. You also need to be specific. Don't raise funds to build a brand, rather raise money to produce a show or an item. The deadline can be between 10 and 90 days and is set by you.
Yes. Even if some people will back you and never claim anything for it, even your Mom and Dad want something in return. It might be a hug, a CD, tickets or a concert at their birthday. You decide what you can offer.
No. But you might need one if you need the cash fast. We can make other kind of transactions but it takes days.
Not at this point. Once you start you are in till the end. Otherwise, it would be unfair to those first ones that backed you.
Not at this point. Once you start you are in till the end. Otherwise, it would be unfair to those first ones that backed you.
Not at this point. Once you start you are in till the end. Otherwise, it would be unfair to those first ones that backed you.
Yes. We encourage that, but make sure that you have the time and energy to actually deliver.
Yes. Of course.
We reserve the right to delete projects when we discover abuse of our terms or conditions, or at the request of a project creator.
Yes. You set your own minimum goal. It might be 1 or 99 percent, you decide, and if you aren't able to reach it indicates that you are unfinished, unclear or uninteresting.
Well, you don't. But ideas without execution are nothing. You are the heart of your idea. You will most likely inspire people and most likely others inspire you.
Keep a lookout for our partners or tips on our Tips & Tricks pages.
Paypal applies its' fees ( 1,9 % - 3,4 % + 3,25 SEK) and these can vary depending on how backers give funds, and on how much they give (read more about this on Paypal.com). Funded By Me charges 6% in administration fees. We will sometimes have campaigns where we charge less - keep your eyes open for these.
Note that any funds you receive for your project through Funded By Me may be subject to taxes. As a project creator, it is your responsibility to find out if they are so in your country, and if/how that income should be declared.
For project creators in Sweden, some of the total funding amount you receive for a project might have to be declared as VAT. Also note that projects run by a private citizen in Sweden (i.e. not a registered organization or business, and not registered for VAT) cannot ask for more than SEK 10000 as their project goal for tax reasons.
Project creators outside of Sweden may also be liable to declare part of the funds received through Funded By Me as VAT ("reverse charge"), depending on the tax laws in their country of residence.
No, it's completely free.
After your funding deadline, we will summarize your funding totals and contact you. The fastest and easiest way to receive funds is by creating your own PayPal account. Transfers to other bank accounts might take a few days.
See above.
You continue raising money. A lot of projects that reward something interesting, like an upcoming CD, a gadget or something affordable might get a lot of backers or pre-buyers.
Sure.
We will highlight certain projects, and also boost some of the projects through our social networks and newsletters.
Contact us and we will unlist or deactivate it.
No. Only one person is the creator. But you can list all the members in the project description.
When logged in, select "You" from the top menu and click on your project. There, you will see a list of everyone who has backed your project. Clicking on someone's name opens up a contact form that allows you to send an email to that person.
We regularly write on the subject on Funded By Me's blog, as well as in our Community.
Yes. We suggest that you read our Tips & Tricks on this. If you give good rewards you most likely will get more backers and funds than if you don't.
You do! Only you know what you can offer. It might be stuff, your time, hugs, or anything else.
Be creative. Think about your recipients. What would they like to get?
Stuff happens. Sometimes projects can't be realized. That's life. But make sure that you do your due diligence, trust your instincts and carefully examine the person or project you choose to back.
We will provide them with your contact info, but we suggest that you guys get in touch. Project creators might also need your support and feedback along the way.