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Dreams.Build vs Kickstarter & Indiegogo

The Ultimate Throw-down

Up to date as of 2/22/2017


Choosing the proper platform–one that aligns most closely with the goals of a project–is essential for crowdfunding success. To assist project creators in selecting the platform that best meets their needs, we are pleased to present a comparison guide showing the essential components of Dreams.Built alongside those of our two leading competitors, Kickstarter and Indiegogo.

Dreams.Build is the new kid on the block, bringing new features, updated working systems, and a user-friendly funding model to the crowdfunding industry. The platform will eventually evolve into a complete crowdfunding ecosystem to extend personal and service projects across the globe while offering a wide array of options for project creators.

Lets take a look at how Dreams.build stack up against the competition.

 

 
Funding ModelHybrid Two-Stage Funding
Stage 1: “All-or-Nothing”
Stage 2: “Flexible Funding”
All-or-NothingPick One
“All-or-Nothing” or “Flexible Funding”
Payment ProcessorStripeStripeStripe or PayPal
Fee5%
+ CC processing fees (varies per region)
5%
+ CC processing fees (varies per region)
5%
+ CC processing fees (varies per region and processor used)
Service Regions23 Countries 193 Currencies21 Countries 193 Currencies224 Countries
Supported Categories25 + sub-tags15 + sub-categories24
Platform TypeRewards-basedRewards-basedRewards-based and Equity-based
Community ToolsIntegrated Community HubCampus and KS Live
Google Analytics
Support
Digital Files
Support
Revenue-based
Charity Donations
Social IntegrationFacebook
Twitter
Google+
FacebookFacebook
Access to
Backer Information
After Successful FundingOnly after SurveyInstantly
Project SubmissionStaff Reviewed then Instant publishStaff Reviewed then self publishInstant publish
What Backers are ChargedEnd of Stage fundingEnd of Funding durationInstantly


Funding Models

Dreams.Build

Dreams.Build uses a single two-stage funding model which is a hybrid between “All-or-nothing” and “Supportive” funding. The funding model uses the benefits of “All-or-nothing” within the first stage of funding to spur project backers while extending the “All-or-Nothing” into “Supportive” funding (second stage)–minus the drawbacks of a singular funding model.

Kickstarter

Kickstarter utilizes a single funding funding model that is “All-or-nothing.” Projects must hit their set goal in order to be funded. The benefit to project backers under this system in that those sponsors do not have to risk a cash outlay unless the project is successful.

Indiegogo

Indiegogo provides project creators with two funding models. “Fixed funding” is the funding model of “All-or-Nothing” while “Flexible funding” is supportive; backers are charged immediately, regardless of if the project hits its goal. They must pick only one however.


Payment Processor

 

Dreams.Build

Dreams.Build uses Stripe for processing payments, using a stand-alone Stripe process. This allows project creators more control over payments by providing the full Stripe dashboard. Also payment related questions can be handled by both the platform and Stripe.

Kickstarter

Kickstarter recently switched from Amazon payments to Stripe payments. Kickstarter uses a managed approach as their implementation. This allows for them to offer a more white-label experience but with fewer freedoms for creators.

Indiegogo

Indiegogo uses Stripe and Paypal for processing payments, offering a choice between white label or branded payment processing experiences.


Fees

Dreams.Build charges a 5% fee with additional processing fees from Stripe.

Kickstarter charges a 5% fee with additional processing fees from Stripe.

Indiegogo charges a 5% fee with additional processing fees from either Stripe or PayPal.


Service Regions

 

Dreams.build

Dreams.Build services 23 different countries with193 different currencies handled by its payment processor.

Kickstarter

Kickstarter services 21 different countries and around 193 different currencies. All are handled by the payment processor but through the platform dashboard.

Indiegogo

Indiegogo services 204+ different countries and an equal number of supported currencies. The coverage is variable based on the selected payment provider.

 

All three crowdfunding platforms utilize Stripe with current coverage in the USA and many other countries:

 

  • Australia
  • Austria
  • Belgium
  • Canada
  • Denmark
  • Finland
  • France
  • Germany
  • Hong Kong
  • Ireland
  • Italy

 

 

  • Japan
  • Luxembourg
  • Netherlands
  • Norway
  • Portugal
  • Singapore
  • Spain
  • Sweden
  • United Kingdom
  • United States

 

 

 

 


 

Supported Categories

 

Dreams.Build

Dreams.Build supports projects in 25 different categories. These categories are further delineated with up to three tags, each tag serving as a search filter to aid users looking for projects to support. Current categories include: Animals, Art, Business, Charity, Comics, Community, Crafts, Dance, Design, Education, Food, Health/Medical, Music, Open Source, Personal, Photography, Research, Science, Social, Space/Outer Limits, Sports, Technology, Theater, Videos, and Media and Writing.

Kickstarter

Kickstarter allows projects from 15 main categories. The categories are further divided into sub-categories with a tag system to help with search clarity.

Indiegogo

Indiegogo provides 24 different categories. They do not offer a tag or sub-category system to filter projects in more detail.


 

Community Tools

 

Dreams.Build

Dreams.Build offers an integrated community hub, currently with five topical areas–General, The Dreams.Build Platform, The Whiteboard, Crowdfunding, Forum Rules.

This community hub allows project creators to share their stories and provides for community discussion of popular forum topics while building stronger bonds with sponsors–and an initial following. Sponsors use the hub as a place to express their ideas and concerns and discover new projects. The hub will facilitate answers to questions in a timely manner.

Kickstarter

Kickstarter offers two community tools, Campus and Kickstarter Live. Campus acts as a community FAQ board. Kickstarter Live allows project creators to live stream behind the scenes content.

Indiegogo

Indiegogo does not provide any community building tools.


 

Project Reward Structure

 

Dreams.Build

Dreams.Build gives project creators the ability to offer rewards to backers as compensation for donating to projects. Digital File are unique to Dreams.Build and provide a mechanism whereby project creators may offer up small tests of their ideas, promotional content, and other creative means to get non-monetary support to their project.

Kickstarter

Kickstarter allows project creators to offer rewards to backers as compensation for donating to a project. Creators can offer rewards and provide limits on those rewards, thereby creating a “limited availability” scenario to projects.

Indiegogo

Indiegogo is similar to Kickstarter in their reward structure, providing for paid rewards as well as limited rewards.


 

Support Material

 

Dreams.Build

Dreams.Build offers an array of helpful materials for the whole community. The platform offers a detailed guidebook containing best practices for creators as well as backers, a structured and extensive FAQ section, and the aforementioned integrated community hub.

Kickstarter

Kickstarter provides support material to its community, such as Campus, and a brief handbook covering best practices, FAQs, and rules.

Indiegogo

Indiegogo provides some useful community material including a detailed FAQ section and guide to crowdfunding.


 

Revenue-Based Charity Donations

 

Dreams.Build

Dreams.Build is in a league of it’s own on this topic. Dreams.Build donates 5% of its revenue to well-established charities every month. The charities are chosen from a majority vote on the community hub and must conform to a few guidelines, including being a verified 501(c)(3), possessing a well defined mission/cause, and devoting a greater share of donations to the cause than to administration.

As a result of this signature feature of Dreams.Build, project creators enjoy the unique benefit of being able to promote their own support of charities upon successful funding of their project.

Kickstarter

None.

Indiegogo

None.


 

Social Platform Support

 

Dreams.Build

Dreams.Build supports Facebook, Twitter, and Google+ integration

Kickstarter

Kickstarter supports Facebook.

Indiegogo

Indiegogo supports Facebook.


 

Access to Backer Information

 

Dreams.Build

Dreams.Build allows creators to access a CSV file containing the information of all backers to a project after the project has become successfully funded. The CSV is updated after each stage with limited backer information available instantly on the project page.

Kickstarter

Kickstarter allows access to backer information following a survey completion on the platform. Kickstarter does provide limited backer information in real time on the project page.

Indiegogo

Indiegogo allows creators access to backer information as soon as their donations are processed.


 

Project Submission

 

Dreams.Build

Dreams.Build projects are subject to review before being published. The review process usually takes a day or two with a 24 hour additional grace period if a project has many Digital Files. Post review the Dreams.Build staff publishes projects onto the site for funding unless a specific start date is requested.

Kickstarter

Kickstarter projects are subject to review before they are published onto the site. This process usually takes a day or so to complete before projects go live.

Indiegogo

Indiegogo allows for instant project submission with no oversight on the platform.


 

Sponsor Charges

 

Dreams.Build

Dreams.Build charges stage one backers at the end of stage one but only if the project has reached it’s funding goal. Stage two sponsors are charged at the conclusion of the project, regardless of whether the project reaches its stage two goal.

Kickstarter

Kickstarter charges backers at the end of the project funding duration but only if the project achieves its goal.

Indiegogo

Indiegogo charges backers instantly for their donations under Flexible funding or at the end of the funding period for Fixed funding projects.


 

Final Thoughts

Dreams.Build, Kickstarter, and Indiegogo offer suites of features that may or may not be attractive to certain projects. Project creators should align their goals and needs with the platform attributes that best meet their individual requirements.

As a startup crowdfunding platform, Dreams.Build offers a compelling set of features not found on the industry giants and may just be worth a closer look.

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