MO.com is made possible by our friends at:
Guidant Financial: The leader in alternative startup, franchise and small business financing
Fundable is a crowdfunding platform for startup companies. They help entrepreneurs gain visibility and idea stage capital by placing great ideas in front of interested backers. Entrepreneurs apply at www.fundable.com. Each company on Fundable creates a profile explaining the goals of their fundraise and detailing a target amount of fundraise.
Fundable was founded by serial entrepreneurs Eric Corl and Wil Schroter, who have a combined 30 years of experience launching successful companies like Blue Diesel, Idea Buyer, Swapalease.com, Unsubscribe.com, and Virtucon Ventures.
MO: How did you come up with the idea for Fundable? How has your background helped contribute to the vision of the company?
Eric: As a serial entrepreneur myself I know the challenge of courting and bringing on investors can be daunting and unwieldy- and have spent the last 8 years of my life seeking out ways to streamline this process.
In 2004, I was part of the founding team of GoBIGNetwork.com, the first online funding platform for businesses that has grown to over 400,000 members and 20,000 active accredited investors. Fundable is the next step in helping great startups grow and launch.
MO: Can you talk our readers how the process works? Do you have any tips or suggestions for those interested in filling out a Fundable application?
Eric: Entrepreneurs can apply at www.fundable.com. We do have a stringent application process, but are always looking for great new startups. If accepted, they will speak to one of our fundraise managers to outline their goals and specifics of their raise. Each company on the Fundable platform creates a profile explaining these goals and can raise funds in exchange for rewards or equity. They can then share their fundraise with friends family members (if a rewards raise) and accredited investors if they’re raising through our equity platform.
MO: Can you expand on the huge advances you’ve made to streamline the fundraising process for startups?
Eric: When talking to entrepreneurs, I often hear that they wished there was an easier way to connect with investors, and that they could have grown their companies at a much faster rate had they had the right platform and connection tools. We’ve created that platform through Fundable.
MO: Can you share a Fundable success story that you find meaningful or inspiring?
Eric: We’ve seen a lot of really fantastic entrepreneurs use Fundable to launch their companies. It’s hard to choose one. Most recently, we worked with an inventor who has over 50 years of experience in projection technology and holography (he actually invented the first LCD projector). He launched a great gadget called 3-D Vision, which converts any 2D content into 3D. It was very inspiring to work with such an incredible innovator!
MO: How do you think the crowdfunding landscape will evolve in the coming years?
Eric: It’s such a new industry that there are going to be changes and adaptations constantly. What I’m most excited about is for the full enactment of the JOBS Act, which will fundamentally change the way people raise money for their businesses.
MO: Can you share why you’re so excited to be rolling out your equity crowdfunding platform and what that means for your Fundable entrepreneurs?
Eric: We’re very excited to connect great companies with accredited investors, it opens up the investment landscape to entrepreneurs across the country, and is going to inspire innovative ideas and technologies across all industries.
Find the right Domain Name for your business at Fabulous.com!