CrowdIt, a new site for entrepreneurs and others looking to fund their businesses or products, launched this week. The site, based in Springfield, Missouri, began accepting projects today. Projects will go live on the site June 4, 2013. The company also is contributing $10,000 to the project that reaches the highest amount of funding by Aug. 18, 2013, 75 days after the go-live date.
The new site incorporates elements of LinkedIn, as well as expert advice, peer review, collaboration and business networking into its core functionality. The aim of the organization is to provide a much more robust experience for the entrepreneur amidst a current sea of funding sites.
“Our vision for crowdfunding is about helping people achieve their dreams, be it starting a new business, developing a new invention or creating a technology start-up and leveraging the power of the crowd beyond just the funding event,” said Jason Graf, co-founder and CEO for CrowdIt. “We think the business networking possibilities alone can transform crowdfunding into a true economic engine that is ready to jumpstart new enterprises of all kinds. Obviously, with crowdfunding incorporated into the federal JOBS Act, the government believes it as well.”
CrowdIt is privately held and backed by venture capital firm Baron VC. For more information, please visit the company website.