LEARN How Provo based PREFUNDIA IS ESTABLISHING ITSELF AS THE LEADING "COMING SOON" PLATFORM
Generating some buzz and awareness about a new product or concept can be difficult, but Prefundia, a showcasing index for crowdfunding projects, has now made it incredibly easy to do so. Based in Provo, Utah, Prefundia has quickly emerged as the number one platform for “coming soon” pages, enabling potential entrepreneurs to quickly and easily (and for free) build a community around their idea before launching it on a popular crowdsourcing site like Kickstarter or Indiegogo.
Recently, Prefundia made the decision to open its prelaunch platform to mobile app developers wishing to use the site to test the viability of their idea. I got a chance to chat with Daniel Falabella, one of Prefundia’s co-founders about that decision, his take on the Provo startup scene and the future of crowdfunding. Check out the Q&A below
The four of us all met eachother through a combination of BYU and various events or extra-curricular activites.
Q: What are the benefits and drawbacks of being a startup based in Provo?
I think it depends on what you compare Provo with. If you compare Provo with Silicon Valley, it has quite a bit of drawbacks (investment, vision, connections). If you compare Provo with Cando, North Dakota then Provo is heaven for entrepreneurs in terms of talent, ecosystem, expenses, and opportunities.
Q: The comments section is a simple but probably critical aspect of Prefundia. Do you see many projects revamping their original product or pitch based on comments from site visitors?
Not as much as you'd think. While we built Prefundia to be a testing Platform, most people use it as a launching platform, so we adapted
Q: Is it a deliberate effort to have Prefunida look and feel like Kickstarter even though other major crowdfunding sites like Indiegogo and Crowdtilt exist?
Yes, although we just changed the design. The thought process was simple: Kickstarter is #1 by a lot, so why reinvent the wheel?
Q: How does Prefundia make a profit?
We decided to utilize a freemium model for Prefundia. Users can create and host a project page on Prefundia for free and they have the option to pay for powerups.
Q: Any thoughts on Crowdsourcing and its future?
I'll keep it brief, rewards-based crowdfunding equals pre-orders, despite of all the Kickstarter PR efforts to prove otherwise