Donald Trump Launches A Crowdfunding Service Called FundAnything
FundAnything is a new crowdfunding platform that was started by Learning Annex founder Bill Zanker and real estate mogul Donald Trump. Trump will be fully funding some of the projects that are added to FundAnything himself. He will even tweet some of the new projects on a weekly basis to his 2.1 million followers on the @realDonaldTrump Twitter account. FundAnything competes directly against other crowdfunding platforms like Indiegogo and Kickstarter.
Trump and Zanker have known each other for a long time. The two of them wrote a book together called “Think Big and Kick Ass in Business and Life.”
“Crowdfunding got traction with creatives and tech, but you go anywhere but the coasts and they don’t get it yet,” said Zanker in an interview with AllThingsD. “What I’m trying to do is bring crowdfunding away from the Brooklyn hipsters and bring it to the masses.”
Trump and Zanker through an event this morning at Trump Tower in New York today. At the event, Trump planned to give away suitcases full of cash to someone that wanted to raise money for her husband’s double lung transplant ($40,000), a children’s party business that would hold a weekend for kids impact by Hurricane Sandy ($15,000), and a singer from Nashville that wants to make an album and music videos ($25,000). The event at Trump Tower was supposed to be live-streamed, but there were some technical issues that came up.
Users are encouraged to only donate to friends and family until they feel comfortable with the platform. They will be given a promised guarantee of up to $100 if a campaign ends up being fraudulent.
FundAnything will make money by charging for a 5% admin fee and 9% if a campaign does not meet the goal. Zanker believes that crowdfunding will become a multi-billion dollar industry if it gets more attention.