Good news! Reddit has just announced “Reddit Made”, which is their equivalent of “Kickstarter”.
Now all of you product innovators can promote your products and ask for sponsorship with no upfront costs or risk. Basically you can promote almost anything, from unique T-shirt designs to some really oddly shaped mugs. Once you publish your innovation on Reddit Made you will have 30 days to get the desired amount of money you need to go into production mode (and again, this is completely free). If enough people pledge to buy your product then Reddit will walk you through every step of the process and will connect you to their network of quality sourcing partners. From there on if you have any profits you get to keep all of the money you have generated from your product. Moreover you will have the option to donate your profits to any organisation, charity, event, or individual so you can support other redditors or causes that matters most to you. A secure way to rise funds will be provided from Reddit and to pledge your payment will be as easy as pie. However you will not be charged a penny until the product reaches its goal. In the cases when the product you funded doesn’t reaches its goal you will not have to worry about your money because you will not be charged a single penny. Another thing that I really liked is that the campaign creators will not have access to any of your personal information, ever!
Right now Reddit Made is in open beta stage, so people who have any ideas for improvements, can contact Reddit using this form that can be found here.