CrowdHut Launches First Ever Platform For Crowdfunded Innovations

NEW YORK, Oct. 2, 2012 /PRNewswire-iReach/ — CrowdHut, the first full-service platform for crowdfunded products, has launched to the public today. CrowdHut is changing the crowdfunding industry and leading it into a bright future by giving entrepreneurs guidance after having ran a successful crowdfunding campaign. Bloomberg News has referred to CrowdHut as the future of crowdfunding.


Earlier this year, Co-founders Philip Reicherz and David Borish realized a crucial gap in the current crowdfunding process that has been placing ambitious entrepreneurs under extreme pressure; post-funding. Recently, The New York Times along with other media groups have written about entrepreneurs facing substantial pressure after crowdfunding their project on sites like Kickstarter and Indiegogo. CrowdHut is now here to assist! Our Team will be there the moment their projects are  funded by offering pre-orders on the CrowdHut eCommerce marketplace, assisting with branding, marketing, production or manufacturing, distribution, and growth. We are not only taking the pressure off them temporarily but also mentoring these entrepreneurs so that they can turn their products / services into great businesses.

In less than two months, CrowdHut has signed up 50+ merchants who have listed over one hundred plus products / services, and the company continues to add merchants and products everyday.

Some of the most popular crowdfunding campaigns made it to the CrowdHut marketplace–The Jellyfish Art, the Booklyness Folding Electric Bike, and the Botanist Minimal Bench, to name a few.

Visit the CrowdHut website at You can also visit our blog, follow us on Twitter at @Crowd_Hut, and on Facebook.


About Philip H. Reicherz– Co-founder & CEO, CrowdHut

Philip helped found CrowdHut in May 2012. His goal was to assist crowdfunded entrepreneurs and their companies to rapidly expand their products and services by utilizing a centralized platform. Philip is the Founder and Managing Partner of Magnolia Ventures – a New York based Venture Fund. Prior to Magnolia, Philip was a Founding Partner at SecondMarket, Inc. – an online marketplace for buying and selling illiquid assets.

About David Borish– Co-founder & CTO, CrowdHut

David was the founder of Sell Your Stuff, the first New York based eBay drop-off franchise concept. After Sell Your Stuff was acquired, David consulted with dozens of other companies in creating successful franchise models. David is also the founder of BPWiz (book publishing software), as well as WAENet (a social network for Writers, Agents and Editors). He brings both technical as well as franchise experience to the team.

About CrowdHut

Founded in May 2012, CrowdHut is the first full-service platform for crowdfunded products and services. CrowdHut allows those entrepreneurs who have at some point successfully raised capital for their product or service through crowdfunding to sell their product through CrowdHut’s recently launched eCommerce website and Affiliate Network. In addition to entrepreneurs having another avenue to sell their product, they will have access to free advertising and public relations, group pricing discounts for services such as fulfillment and shipping, and the exclusive ability to work with experts on growth strategies immediately after their business idea has been crowdfunded.  Also, select products and/or services will have the opportunity to partner with CrowdHut for a favorable wholesale distribution partnership.

For more information, images or to request an interview with either Philip Reicherz or David Borish, please contact Martha Alburquerque at

Media Contact: Martha Alburquerque, CrowdHut, 6469263488,

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