Creatives (users with ideas and creative projects) use RocketHub to raise money via crowd funding for their projects. Users upload submissions for what the app terms "LaunchPad Opportunities" and connects them with "Fuelers" or supporters. Support is offered by voting, financial contribution, or spreading the word via social networks.
RocketHub was founded in September 2009, by Brian Meece, Vladimir Vukicevic, and Jed Cohen.
One difference is that this crowd sourcing platform is for any creative endeavor. Many are very specific to certain types of services, for example design, software, etc.
New users are invited to view or edit their public profiles. If they wish to offer "fuel", they can search through existing projects; if they wish to launch a project, they may create one. Once finished, progress may be monitored from the dashboard.
Badges may be unlocked by Fuelers or Creatives to display enthusiasm in the community.
Each project that is listed offers rewards for Fuelers of various levels. Some examples of rewards may be shoutouts on Twitter or other social media, an original hand-drawn postcard, a limited edition poster, a performance on the Fueler's answering machine message, credit in a film as a patron, cupcakes, scarves, tours of New York City, etc. The rewards increase in value as the contribution increases. To fuel a project, a user needs to choose the amount they wish to provide and then enter name, address, and credit card information.
For Creatives, a 3 step process is used to upload the project in need of funding (from FuelPad). At least, that's what it says on the home page. It turns out that each of the 3 steps has several substeps (2a, 2b, 2c, etc). After providing a mailing address, the user adds the title of the project, the category that best fits the project, and tags that indicate what emotions the project evokes. Next, the user enters a financial goal and time limit to reach the goal. This is not optional and may not be changed during the course of the project. A long and short description of the project are then entered along with the project video from Vimeo or Youtube. Users may upload up to 3 photos of 5MB or less. Users may also provide an audio file in mp3, mp4, m4a, or aac, uup to 15MB.
Once the project information is set, the user must establish the reward system for Fuelers and update the user's profile with the project info. After all of this is completed, the user proofreads and previews the entire project prior to launch.
The LaunchPad is another place for opportunities for Creatives. There may be a submission fee and application requirements for Creatives to submit ideas to LaunchPad to be judged, with various prizes related to promoting their project.
New users may sign up with Facebook or create an account by providing name, email, and password.
There is no charge to join and launch a project on RocketHub. If the user reaches their financial goal, RocketHub charges 4% of the money raised. If the financial goal is not received, there is a fee of 8% of funds raised.
In addition, there is a 4% transaction fee for each credit card transaction through RocketHub.
Entrepreneurs with creative projects in need of funding may find RocketHub a useful tool. People who are looking for creative, innovative, or charitable projects to fund will likely find something that inspires them on RocketHub.