New crowdfunding service raises money before development even begins

TECHi's Author Chastity Mansfield
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Chastity Mansfield
Chastity Mansfield
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App.net, the social platform by Dalten Caldwell has launched a new crowdfunding service called Backer that allows companies to ask users for money before committing to build software features. The idea behind Backer is that when a company wants to add a new feature to its software, it should be able to test just how much users desire a hypothetical feature by asking them to commit money to the functionality being built before development even begins.

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As the popularity of crowdfunding grows ever larger, an interesting new trend has started popping up: developers, curious if a new feature is worth adding to their products, are asking interested customers to chip in to cover the costs of development. In other words: if you really want a feature, put your money where your mouth is. Balanced, a payment service, recently used crowdfunding to support adding a new money sending feature. App.net, a subscription-based/ad-free Twitter alternative which as a whole was born out of a $803,000 crowdfunding campaign, is currently using it to determine if they’ll accept Bitcoin payments on their site.

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