GoFundMe Announces Purchase of Crowdfunding.com

June 7, 2013

4:43 pm

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.

Damphousse wants to put a barrier between himself and other popular crowdfunding sites, like Kickstarter and Indiegogo, by establishing GoFundMe as the crowdfunding site for the rest of us.

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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Will is a Senior Writer with Tech.Co, based out of America’s Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He’s the resident Android junkie and will be happy to tell you why you should switch to the OS. When he’s off the clock, Will focuses his literary talent on the art of creative writing…or you might find him surfing in Ocean Beach.

Follow Will on Twitter @WJS1988

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