All posts tagged: investing

33needs : A Brand New Way to Raise Funds to Fix the World’s Biggest Problems

33needs is an online platform that allows social enterprises (for-profit companies in the business of doing good) to raise funds from people anywhere in the world. The funders are the everyday common people who put in small amounts of money to help social businesses to kick start or scale. This new fundraising model called crowd-financing already exist in other sectors (kickstarter.com for creative projects – music, flim, art) but for the first time 33needs brings this new way of raising funds to the social space, giving social enterprises a powerful platform to raise capital and for the investors a simple, direct way to do good by investing in social businesses. The 33needs model is simple: social enterprises list their projects along with a short video to pitch their idea, set a fundraising goal and an offer of sharing financial rewards for a limited period with the investors. They get a 30 or 60 days window on the platform to raise funds. If the goal is reached by the deadline, then everyone’s charged. If the goal’s …