May 20th, 2005
Fundable’s Elevator Pitch is a Nice Interface
by Joshua Porter | 
3 Comments | shortlink: http://bokardo.com/p/110
Via Seth Godin: Fundable is a neat idea, and the best part about their web site is that 10 seconds is long enough to figure out what they do: long enough to know whether or not it’s something you could be interested in.
How many business web sites can claim that? 10 seconds, and people know what we do.
This, to me, is what is lacking on many a web site (even my own). A clear as day description about what you’ll find there.
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Comments
1. Nick Finck 1:00pm, Sat 21st, 2005
Hmm, I do wonder how they get around the PayPal fees because 100 people paying $10 via PayPal doesn’t add up to $1,000. But getting back to your point Joshua, yes, elevator pitches are worth their weight in gold. I don’t work on projects if I can’t pitch them in a sentance or two.
2. UserDriven 3:37am, Fri 3rd, 2005
“Using Fundable to Fund Fundable!” http://www.userdriven.com/2005/05/userdriven_fund.html
3. Jacques 7:20pm, Tue 7th, 2005
The small transactions are cross-subsized by their charge of 4% on successfully funded projects of $1000 and over. I can see quite a few projects topping out at $999 …
Also – Paypal limits their free Personal Accounts to receiving a maximum of $500 per month. Any decent project will need to collect money at a higher rate than that, so I think fundable.org is designed to push more people into getting Professional/Business Paypal accounts.
The longest default period over which money may be raised is 6 weeks. Yes – one can negotiate with Fundable.org. for a longer period, but with the default settings the maximum amount that can be raised without upgrading one’s Paypal status is $750 – not much can be done to change the world with that kind of cap.
In the mean time we can have fun with the smaller projects – will people pay me to NOT write something boring …