Industry Entrepreneurs Launch CrowdIt, A New Crowdfunding Site To Drive The 'New American Dream'

SPRINGFIELD, Mo., March 6, 2013 /PRNewswire/ -- CrowdIt (www.crowdit.com), the crowdfunding site for the "New American Dream," is launching an entirely new approach to crowdfunding with a clear mission – to extend beyond just funding by incorporating much-needed expert advice, peer review, collaboration and business networking into the core functionality of the site. CrowdIt differs from other sites, because it focuses on tapping the collective power of the crowd to create the support system people need to turn their ideas into a reality.  

"Our vision for crowdfunding is about helping people achieve their dreams – be it starting a new business, developing a new invention or creating a technology start-up – and leveraging the power of the crowd beyond just the funding event," said Jason Graf, co-founder and CEO for CrowdIt. "We think the business networking possibilities alone can transform crowdfunding into a true economic engine that is ready to jumpstart new enterprises of all kinds. Obviously, with crowdfunding incorporated into the federal JOBS Act, the government believes it as well."

For complete information on the Jumpstart Our Business Startups (JOBS) Act, please visit the Wikipedia page at (http://en.wikipedia.org/wiki/Jumpstart_Our_Business_Startups_Act).

Supporting the New American Dream

In the wake of the Great Recession, many Americans, and people around the world, have lost faith in many of the core beliefs that helped build the original American Dream. The real estate and financial services industries imploded, middle-class supporting jobs vanished, the higher-education system is in question, and a drop in confidence has left many people feeling less than hopeful and far from optimistic. The founders of CrowdIt see crowdfunding as an opportunity to re-ignite the core ideals that defined America from its beginning – self-reliance, community, innovation and determination – as a means of re-defining the New American Dream.

CrowdIt's vision for the New American Dream:

1. Maintain the Best Principles of the Original American Dream – be courageous and honest; possess and demand integrity; work hard.
2. Dare to Dream – be open, don't doubt; think big or small – believe in yourself.
3. Follow your Intuition – it's underrated and becoming more important to thrive in today's world.
4. Be Self-reliant – be accountable and responsible; know that big institutions can't always be counted on.
5. Be Modern – the world is flat and an open global marketplace available to all; tap the power of the Internet, find and help develop/support your communities.
6. Give Back – the more you give, the more you get.
7. Take Risk – be smart, but be bold like those who came before you, and take action!

"Crowdfunding presents a new and exciting opportunity to provide entrepreneurs access to early-stage capital, an important success factor in turning ideas into prosperous business enterprises that create new jobs," said Allen Kunkel, associate vice president for Economic Development at Missouri State University. "CrowdIt's approach of including mentoring and networking as part of its overall value proposition speaks to its commitment to facilitating small business development."

CrowdIt is now accepting crowdfunding projects at (www.crowdit.com), and projects will go live on the site June 4, 2013 (see today's release entitled "CrowdIt Now Accepting Crowdfunding Proposals. . ."). The company also is contributing $10,000 to the project that reaches the highest amount of funding by Aug. 18, 2013, 75 days after the go-live date.

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About CrowdIt
Based in America's heartland of Springfield, MO, CrowdIt (www.crowdit.com) is the crowdfunding site for believers of the New American Dream. Its crowdfunding site goes beyond just funding great ideas, but focuses on supporting success through peer and expert advisory support, business networking and sharing of best practices and knowledge. CrowdIt's belief is that crowdfunding will help drive the next wave in innovation and economic expansion and underpins its mission to support small business growth. A start-up, CrowdIt is privately held and backed by venture capital firm Baron VC. For more information, please visit (www.crowdit.com).

Media Contact:
Terri Douglas
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O: 303-581-7760, ext. 18
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SOURCE CrowdIt