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 Model||Hybrid Two-Stage Funding
Stage 1: “All-or-Nothing”
Stage 2: “Flexible Funding”
“All-or-Nothing” or “Flexible Funding”
|Payment Processor||Stripe||Stripe||Stripe or PayPal|
+ CC processing fees (varies per region)
+ CC processing fees (varies per region)
+ CC processing fees (varies per region and processor used)
|Service Regions||23 Countries 193 Currencies||21 Countries 193 Currencies||224 Countries|
|Supported Categories||25 + sub-tags||15 + sub-categories||24|
|Platform Type||Rewards-based||Rewards-based||Rewards-based and Equity-based|
|Community Tools||Integrated Community Hub||Campus and KS Live|
|After Successful Funding||Only after Survey||Instantly|
|Project Submission||Staff Reviewed then Instant publish||Staff Reviewed then self publish||Instant publish|
|What Backers are Charged||End of Stage funding||End of Funding duration||Instantly|
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 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 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.
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 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 uses Stripe and Paypal for processing payments, offering a choice between white label or branded payment processing experiences.
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.
Dreams.Build services 23 different countries with193 different currencies handled by its payment processor.
Kickstarter services 21 different countries and around 193 different currencies. All are handled by the payment processor but through the platform dashboard.
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:
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 allows projects from 15 main categories. The categories are further divided into sub-categories with a tag system to help with search clarity.
Indiegogo provides 24 different categories. They do not offer a tag or sub-category system to filter projects in more detail.
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 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 does not provide any community building tools.
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 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 is similar to Kickstarter in their reward structure, providing for paid rewards as well as limited rewards.
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 provides support material to its community, such as Campus, and a brief handbook covering best practices, FAQs, and rules.
Indiegogo provides some useful community material including a detailed FAQ section and guide to crowdfunding.
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.
Dreams.Build supports Facebook, Twitter, and Google+ integration
Kickstarter supports Facebook.
Indiegogo supports Facebook.
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 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 allows creators access to backer information as soon as their donations are processed.
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 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 allows for instant project submission with no oversight on the platform.
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 charges backers at the end of the project funding duration but only if the project achieves its goal.
Indiegogo charges backers instantly for their donations under Flexible funding or at the end of the funding period for Fixed funding projects.
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.