Comments on: Fundable’s Elevator Pitch is a Nice Interface

By: Jacques

Jacques — Tue, 07 Jun 2005 23:20:26 +0000

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 …

By: UserDriven

UserDriven — Fri, 03 Jun 2005 07:37:27 +0000

"Using Fundable to Fund Fundable!" http://www.userdriven.com/2005/05/userdriven_fund.html

By: Nick Finck

Nick Finck — Sat, 21 May 2005 17:00:12 +0000

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.