June 7, 2013
GoFundMe, a popular San Diego-based personal crowdfunding website, announced the purchase of Crowdfunding.com for $175,000 on June 4th. GoFundMe co-founder and CEO Brad Damphousse confirmed the domain purchase from Australian Internet entrepreneur, Mat Walker, and officially closed the deal on May 18, 2013.
Traditionally, crowdfunding is associated with financing creative projects, inventions, or startups, but GoFundMe operates on a different platform. Geared towards the individual user, GoFundMe offers free sign up and only takes a 5 percent fee off every payment received.
That is, GoFundMe encourages users to start personal campaigns and removes the worry of reaching goals by defined deadlines.
Other crowdfunding sites sometimes penalize campaigns for failing to reach their goal, but the GoFundMe audience is not interested in an all or nothing approach.
“Crowdfunding will become a part of our everyday lives as we support the people, events, and causes all around us,” explains Damphousse.
The central piece behind GoFundMe’s success since launching in 2010 has been keeping users at the center of the picture and keeping them excited about supporting friends and family.
“We believe that rapid, high-quality customer service is paramount,” says Damphousse. “Our team answers all support emails within five minutes during daytime hours.”
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