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Crowdfunding your favorite neighborhood small business

By | January 9, 2012, 7:47 AM PST

Kickstarter has become a popular way to support artists, from musicians to moviemakers, by incentivizing donations with perks from the artist.

A new startup, Lucky Ant, is expanding that idea to help small businesses in your neighborhood. The idea is that small businesses are full of great ideas, and they know the community as well as anyone, but they don’t always have the funds to see their ideas come to light.

So each week, Lucky Ant will promote a new small business whose project you can support. By the end of the week if the funding goal for the project is reached, the small business gets to move ahead on the project, and the funders get their perks — and the fuzzy feeling of helping a small business grow in your neighborhood. If the goal isn’t reached, funders pay nothing.

Like the businesses it’s promoting, Lucky Ant is also just getting off the ground so their reach is limited to New York City. But look for this idea to expand to other neighborhoods.

The current funding project, a fitness studio known as Bari, wants to trademark its unique workout brand. In return they’re offering funders everything from workout gear to one-on-one training sessions with a top trainer.

Lucky Ant reminds me of a DC startup that’s crowdsourcing ideas about what small business to build in a neighborhood. Both of these startups are connecting consumers with the small businesses that make their neighborhood interesting and unique. Crowdsourcing projects like these are wins for businesses and consumers (aka neighbors).

How Lucky Ant Works from Lucky Ant on Vimeo.

[Via GOOD]

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Tyler Falk

About Tyler Falk

Tyler Falk is a contributing editor for SmartPlanet.

Tyler Falk

Tyler Falk

Contributing Editor

Tyler Falk freelance journalist based in Washington, D.C. Previously, he was with Smart Growth America and Grist. He holds a degree from Goshen College.

Follow him on Twitter.

Tyler Falk

Tyler Falk

Tyler does not have financial holdings that would influence how or what he covers.

He writes for SmartPlanet and is not an employee of CBS.

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crowdfunding
I loved this article ! I really believe in the crowdfunding process in order to raise funds.

If you like this article or just if you are curious, you should have a look on Mymicroinvest platform, which is a platform that proposes to the "crowd" to co-invest with an investment fund in equity-based startups.

Enjoy !

http://www.mymicroinvest.com/
Posted by thibaut dby
13th Jan 2012
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