GoFundMe vs KickstarterGoFundMe is the most popular crowdfunding online website where users can make use of it as a platform to start a campaign for a cause in order to raise funds or donations. GoFundMe supports personal causes and helps users support personal campaigns such as medical campaigns, sports campaigns, educational campaigns, and so on. A user who has a personal account on GoFundMe can start a campaign on the website and can reach out to a large crowd in order to garner funds. Kickstarter, on the other hand, is a unique crowdfunding platform that belongs to the Kickstarter public-benefit corporation. Kickstarter mostly promotes campaigns that are creative in nature and hence campaigns related to films, music, theater, comics, video games, food, technology, travel, journalism, and so on are started on Kickstarter. One can state that Kickstarter is a one of a kind crowdfunding platform where creative people and artists benefit the most.
So to summarize it, GoFundMe is a crowdfunding platform for users or individuals who want to promote and start campaigns for their personal causes and raise funds. Kickstarter is also a crowdfunding platform where creative people and artists start their campaigns related to artsy stuff like music, film, theater, comics, books, and so on.
How is GoFundMe different from Kickstarter?
Apart from the generic reasons mentioned above the most prominent reason behind GoFundMe and Kickstarter is the way they hold their campaigns. There are generally two types of campaigns that a user can start based on the donations that have been made and how they can be distributed. There two types of campaigns are known as All or Nothing Campaigns and Not All or Nothing Campaigns.
All or Nothing-Kickstarter
All or Nothing campaigns are generally campaigns where the users who have started them are required to predict the amount of donation they are expecting from the crowd for their work. For example, if a user has started a film related campaign on Kickstarter and he or she is expecting to receive at least $500 as a donation for the same, then he or she must be able to achieve that much amount when the actual campaign starts. If the amount is not achieved in the set time period, then the user will not be allowed to make use of any of the donations he or she has managed to garner. If he or she has managed to gain that mush amount, then they can walk away with all that money. This is known as the All or Nothing campaign and Kickstarter only follows them.
Not All or Nothing-GoFundMe
Not All or Nothing is the exact opposite of All or Nothing where the user does not have to worry about a set timeline, a set deadline, or predict a number for the donations he or she is expecting for the cause. The user can walk away with whatever donations he or she has begotten, but he or she must be aware that GoFundMe takes away a little portion from each donation as their fees.