Fundageek does not regard crowd funding as an investment or a debt instrument, and pledges do not involve any form of equity interest.
The April 2012 JOBS Act opens up the prospects for "equity crowdfunding" however the SEC has not yet defined the required rules for participation.
He is also author of three computer industry books and served as technical editor for Data Based Advisor Magazine.
Such a model only applied to commercial, for-profit Fundageek projects, which must have reached their goal amount by the end of the campaign period in order to get any funding.
At this time, the project owner received the project funding in the PayPal verified account associated with the FundaGeek account, less PayPal's processing fee (2-3%) and FundaGeek's fee of either 5% of the total funds raised for Standard Marketing Resources, or 9% for Premium Marketing Resources.