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How Established Businesses Can Benefit From Crowdfunding称之为人群funding 2.0. Established companies are using Kickstarter and the like to launch new products, paid for by a built-in customer base before they hit the production line.

ByVanessa Richardson

Opinions expressed by Entrepreneur contributors are their own.

bitrebels.com
Wave, a wristband and smartphone app

Paul Fulton could have easily turned to hisSilicon Valleyconnections to help bankroll a new product from his startupCloudsona, which makes and sells wireless wristbands that synchronize with light shows at concerts, clubs and sporting events. The man knows people; he has held top positions at Compaq and 3Com and worked as an entrepreneur-in-residence at the Mayfield Fund before founding a software company that was later sold to Cisco. But to fund and launch Cloudsona's latest product, Fulton turned to Kickstarter.

Cloudsona'scrowdfundingcampaign asked for $75,000 to produceWave, a wristband and smartphone appthat uses color codes to indicate who's calling or messaging the phone. Kickstarter contributors who pledged $28 were promised first-production units of Wave; those who pledged $8,000 got the VIP package--special treatment at a Las Vegas nightclub, complete with limo, bodyguard and a hotel room on the Strip.

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