5 Crowdfunding Consulting Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Crowdfunding Consulting Business

Here are some real life success stories of starting a crowdfunding consulting business:

1. ConnectionPoint ($1.8M/year)

Daryl Hatton, the founder of ConnectionPoint, came up with the idea for his crowdfunding-as-a-service platform, FundRazr, while coaching his son's lacrosse team and struggling to get players to attend practice. He wondered if he could use Facebook to get them to pay their registration fees, which led to the core idea of using social media to facilitate funding for important projects. After investing a quarter of a million dollars and navigating some challenges with changes to Facebook's API, Hatton successfully launched FundRazr in 2009 and has since helped almost 200,000 projects raise over $200 million.

How much they make: $1.8M/year
How much did it cost to start: $600K
Current team size: 20

How I Started A Crowdfunding-As-A-Service Platform That Helped 200K Projects Raise Over $200M

ConnectionPoint's founder and CEO, Daryl Hatton, shares his experience of launching an enterprise-class crowdfunding-as-a-service platform that has helped almost 200,000 projects in 40+ countries raise over $200 million, and offers valuable insights on taking a focused approach to growth and pivoting the business to solve customer problems.

About

Daryl started ConnectionPoint over 15 years ago

Revenue

Daryl grew the business to $150K/month

Costs

It cost Daryl $600000 to start the business

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Read by 5,962 founders

2. The Crowdfunding Formula ($3.6M/year)

Narek Vardanyan, the founder of The Crowdfunding Formula (TCF), came up with the idea for his business after experiencing the collapse of the Soviet Union in Armenia. He started a project with a friend but struggled to raise funds on Kickstarter. Determined to learn how to run successful campaigns, he conducted interviews with successful creators, published a bestselling book, and eventually started managing crowdfunding campaigns. TCF quickly became the biggest agency on the market, raising millions of dollars for creators and expanding into an ecosystem of companies and products that support consumer hardware innovation.

How much they make: $3.6M/year
How much did it cost to start: $10K
Current team size: 87

I Make $4M/Year Helping People Run Successful Crowdfunding Campaigns

Co-founder and CEO of The Crowdfunding Formula, Narek Vardanyan, has grown his startup from a crowdfunding marketing agency to a full ecosystem of companies and products supporting consumer hardware innovation, generating over $4M in annual revenue and helping creators overcome barriers to entry.

About

Narek started The Crowdfunding Formula about 9 years ago

Revenue

Narek grew the business to $300K/month

Costs

It cost Narek $10000 to start the business

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Read by 3,535 founders

So... can you actually make money with a crowdfunding consulting business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
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