Are there any funding systems that have project spending responsibility guarantees?

beavoid
beavoid used Ask the Experts™
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Hi

One of my latest ideas will require investment, and probably a global community. I've done a non-trivial blog already. I must move on... My invulnerable chess engine is done.
Is there any kind of trust / purse available that people can submit their money to, having a guarantee that it won't be spent on anything other than the project in question?
Crowdfunding is just a money pit, but is there any guarantee that the fundees will not spend it on hookers and beer?

I want my potential investors to have no worries - a guarantee that the money will go only towards the project, an overseer?

Thanks
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IT Professional | Freelance Journalist | Looking for Opportunities
Distinguished Expert 2018
Commented:
Hi beavoid,

I want my potential investors to have no worries - a guarantee that the money will go only towards the project, an overseer?

My son is in a similar situation so I gave him a call to get some suggestions for you.

He's suggested three sites which could be of value to you. In no particular order, take a look at the following;




I hope that's helpful.

Regards, Andrew
beavoidSelf Employed

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Commented:
Thanks
Andrew LeniartIT Professional | Freelance Journalist | Looking for Opportunities
Distinguished Expert 2018

Commented:
You're very welcome beavoid, and thank "you" for taking the time to close your question. I hope one of those sites helps you out.

Regards, Andrew
beavoidSelf Employed

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Commented:
I'll let you know!

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