Piggybackr
{{Short description|American crowdfunding website}}
{{Infobox company
| name = Piggybackr
| logo = File:Piggybackr-logo.png
| founded = 2012
| location = New York metropolitan area
| key_people =
| type = Crowdfunding
| revenue =
| homepage = [http://www.piggybackr.com piggybackr.com]
}}
Piggybackr is an American crowdfunding website for students and youth teams to fundraise for their schools, projects, and causes online.[https://www.piggybackr.com/about https://www.piggybackr.com] It is compliant with the Children's Online Privacy Protection Act, meaning that children under the age of 13 must have parental involvement with their projects. Children as young as 5 can run fundraising projects online. Backers of projects can post public comments, but cannot communicate directly with the children posting projects.[https://www.piggybackr.com/pricing https://www.piggybackr.com]
Description
Piggybackr has been described as “Kickstarter for students.”[https://www.forbes.com/sites/women2/2012/12/21/6-women-entrepreneurs-to-watch-empowering-people-through-crowdfunding-platforms-piggybackr-somolend-indiegogo-giveforward-kiva-catapult/ “6 Women Entrepreneurs To Watch Empowering People Through Crowdfunding Platforms: Piggybackr, SoMoLend, Indiegogo GiveForward, Kiva, Catapult” Forbes, 21 December 2012] Unlike Kickstarter, children offer "thank you gifts" including advertising for companies, such as committing to running a lap, putting a business' logo on their page, or giving someone a shout-out on Facebook.{{cite news|last=Lee|first=Ellen|title=Piggybackr Helps Kids Fundraise Online|url=http://www.sfchronicle.com/business/ontherecord/article/Piggybackr-helps-kids-fundraise-online-4532825.php|newspaper=San Francisco Chronicle|date=May 21, 2013}}{{cite news|last=Rodriguez|first=Joe|title=Silicon Valley website Piggybackr helps kids use 'crowd funding'|url=http://www.mercurynews.com/bay-area-news/ci_23293129/new-silicon-valley-website-helps-kids-raise-money|newspaper=San Jose Mercury News|date=May 21, 2013}}
History
Piggybackr was founded in 2012 by Andrea Lo and Keenahn Jung. It was launched out of the AngelPad accelerator.[https://techcrunch.com/2013/04/17/piggybackr-crowdfunding-kids/ Taylor, Coleen, “Piggybackr Launches Its ‘Kickstarter For Kids’ To Let Youth Get In On The Crowdfunding Wave”, TechCrunch, 17 April 2013] Andrea Lo's 12-year-old sister had just begun to fundraise the year before, in the same way that Lo did 10 years earlier as a child. Lo spent about a year developing a way to fundraise for children that used Facebook.[https://techcrunch.com/2012/05/10/angelpad-spring-2012-demo-day/ Taylor, Coleen, “Meet The 10 Startups Who Just Got Their Wings At AngelPad’s Spring 2012 Demo Day”, TechCrunch, video interview of Andrea Lo at 1:00, 10 May 2012] After another year of private beta, Piggybackr launched nationwide on April 17, 2013 with over 1,500 projects and $250,000 raised by kids. The website's customers include national and regional chapters of youth organizations like FIRST Robotics and YMCA.{{cite news|last=Koldony|first=Lora|title=Piggybackr Gives Kids A Kickstarter of their Own|url=https://blogs.wsj.com/venturecapital/2013/04/17/piggybackr-gives-kids-a-kickstarter-of-their-own|newspaper=Wall Street Journal |date=April 17, 2013}}
Sample projects
- Norcal Crew youth rowing team raised $45,000 to buy a new eight-man racing boat
- University of California at Berkeley Alternative Breaks raised $14,565 to support college students doing volunteer work during spring break
Endorsements
A number of youth organizations have suggested fundraising on Piggybackr. These include:
See also
References
{{reflist}}
External links
- [https://www.piggybackr.com/ Official Website]
{{Crowdfunding platforms}}
Category:Crowdfunding platforms of the United States