This is how Startnext is funded
Did you know that Startnext itself is crowd-funded? Since 2010, the company is free of shareholders, investors and keeps the profits in the company. This allows the Startnext team to work for the common good and focus on creating purpose. Profit maximization for shareholders outside the company does not play a role.
How does it work?
Startnext receives voluntary support from the crowdfunding projects themselves, the cofunding cooperations as well as from the supporters.
What happens with profits?
If we as a company earn more than we spend on salaries, rents and infrastructure costs, this profit is reinvested.
Examples of reinvestment in 2020 and 2021:
- Hosting in-house cofunding campaigns like the relief efforts
- Initiating the daily Academy, which is free and open to the public More
- Hiring new employees with innovative application channels such as the crowd agents
- Creating new opportunities and added value for crowdfunding projects like Snuugl, marketplace for rewards More
- Generating social benefit, like the Vielfaltoskop