What Almost No One Knows About Crowdfunding

Crowdfunding Basics You Should Know For many startups, finding seed capital is becoming very difficult, especially if you are looking to go the traditional route. Because of these reasons, more and more entrepreneurs are converting their efforts to crowdfunding platforms to get the money they need to start their new business. Below we will take a closer look into crowdfunding, we will also discuss some of the best public crowdfunding platforms available today. First we will take a look at what crowdfunding is. Crowdfunding is described a collective effort by individuals that pool their resources in order to support another person or organization. The type of funding we will be looking at is done via the internet. You probably know that crowdfunding has been used for disaster relief, scientific research and political campaigns. Startup companies, movie and software development, and support for artists are all new things that are becoming popular for crowdfunding. A study done in 2011 showed that crowdfunding platforms raised nearly $1.5 billion for individuals and organizations. Five years later one venture capitalist is predicting that the crowd funding market will reach $300 billion. The market is largely driven by family members and friends that are coming together to their loved ones dream come true. Most websites required that the monetary goal be reached before the donations are actually taken out of the investors bank accounts, if the goal is not reached in time then no donations are taken. If the goal is not met, nothing happens, if it is met money will come out of the investors bank accounts and the platform will take a small cut.
Looking On The Bright Side of Funds
First we will look at Kickstarter, this is said to be the oldest and the strongest crowdfunding platform. You will be able to find projects to fund including music, film, games, art, design, and technology. Kickstarter has a lot of ambitious, imaginative, and innovative projects that are being brought to life everyday, thanks to the help and support of others.
Looking On The Bright Side of Funds
Another early crowdfunding platform we will look at is Indiegogo, they are also one of the largest in the world. This website has raise money for campaigns in almost every country in the world. The company was funded by three entrepreneurs that had similar experiences of having a great ideas but struggled to find funding via traditional channels. Slava, Danae, and Eric each were hard working, passionate and had strong networks; they brought all of these together and solved the problem, not only for themselves but for others around the world. Indiegogo was created to give individuals the ability to simply donate money to great projects and startups. There are many options available, find the one that is the best fit for your needs.

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