Los Angeles based crowdfunding startup crowdfunder just completed their first Crowdstart contest. The seven week contest drew over 700 submissions, 74 contestants and 10 finalists. Kansas City startup Divshot emerged as the winner, taking home the $25,000 prize.
While we all know that the JOBS act was passed earlier this year and crowdfunding for equity won’t be implemented until the end of the year or early next year, Crowdfunder didn’t want to wait to start helping startups raise invaluable funds. For the prize money they teamed with Right Side Capital Management.
Divshot is a company that provides web designers with drag and drop tools for rapidly prototyping websites and designs. The concept was born just 90 days ago at a Startup Weekend event in Kansas City, home to the Ewing Marion Kauffman Foundation, who is the major backing behind the Startup Weekend brand of events.
“Opportunities for local fundraising are limited, not just here in Kansas City but everywhere around the country,” said Jake Johnson, Divshot co-founder. “Crowdfunder will enable us to tap into capital, education and resources through their online platform. What’s good for us is good for our local economy. We’re excited to be part of making a positive economic impact here in our own backyard.”
Now that the Los Angeles contest has come to a close, crowdfunder has just kicked off their Crowdstart Las Vegas contest. This time though, half a million dollars is up for grabs. The contest kicks off tonight at Startup Weekend in Vegas.
“We’re thrilled to be able to support entrepreneurs and innovation here and throughout the country,” said crowdfunder CEO Chance Barnett. “Divshot is just the beginning of the kind of nurturing, education and support that crowdfunder intends to provide. That’s why we’re hosting another startup contest, Crowdstart Las Vegas, which kicks off today at Vegas Startup Weekend where $500,000 is up for grabs by the Vegas Tech Fund.”
Check out Crowdfunder here
Check out Divshot here
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