Title: Crowdfunding for Kids Business Ideas

Tagline: Think Big, Start Small

Available Domain: Kidstarter.io

TLDR: A specialized crowdfunding platform designed specifically for young entrepreneurs (ages 8-16) to pitch and fund their business ideas

1. Problem/Opportunity❓

The Problem/Opportunity: Lemonade stands. Paper routes. Bake sales. Many people get bitten by the entrepreneurial bug early. And some kids take their early ventures very seriously.

But kids these days are wildly talented. They’re building apps, products and coming up with other cool ways to make money. So why not create a platform for them to get some early support from parents, friends and family to start their venture? Maybe they need raw materials for clothing they want to create? Or to buy a lawnmower to start a small lawncare business. It could be anything. Here’s what we’re thinking.

Market Size: The crowdfunding market was valued at $17.2 billion in 2023. This would be an offshoot of that market.

2. Solution ✅

The Idea: A specialized crowdfunding platform designed specifically for young entrepreneurs (ages 8-16) to pitch and fund their business ideas

How it Works:

• A parent or guardian of the child signs up to the platform and gives details of the business they’re starting
• A page is created which gives details of the business being started, how much money the kid needs, what the funds would be used for etc. This page can then be shared with friends and family who can donate through the site
• Once the funding threshold is passed the funds are released to the parent’s bank account and can be spent on whatever’s required for the business. The kid can then share updates on their page on progress they’ve made.

Go-to-market: Start by working with schools, creating entrepreneurship programs where students use your platform for their projects

Business Model: Platform fee of 5% of successfully funded projects

Startup Costs: You could spin up a website pretty cheaply here, crowdfunding sites aren’t particularly complex from an engineering perspective to build

3. How You’ll Get Rich 💰

Exit Strategy: You could sell to a crowdfunding platform (shocker) like Kickstarter who could use the platform for PR and content purposes primarily