Crowdfunding: Crowdfunding can come in different forms including: issuing lenders equity, debt or a reward. (+) You can pre-fund your product, create a customer base and face easier investor relations with a potentially larger pool of funds. Sometimes, other organizations can help manage your crowdfunding campaign. (+/-) Often geared toward specific projects, industries, or cause-related activities, but not always. (-) If the transaction is debt related you could face a higher interest rate, if equity related you also risk losing a piece of your business and an element of transparency with regard to your business plan. Note: It is highly advisable to have any intellectual property well protected before engaging in any crowdfunding activities. Resources: (Reward) Kickstarter, Indiegogo, PeerBackers (Debt) SoMoLend, Funding Circle, (Equity), Grow VC, MicroVentures.
Posted on: Tue, 13 May 2014 15:01:56 +0000
Trending Topics
Recently Viewed Topics
© 2015