Crowdfunding is a way of raising capital through contributions from others. It’s generally used by entrepreneurs, small business owners, artists, developers, and anyone else in need of funding in order to complete a specific project. Benefits of Crowdfunding The term crowdfunding comes from the use of small amounts of funds from a crowd of individuals to finance a venture. Individuals forming the “crowd” can come from a number of sources. Project managers make use of family, friends, colleagues, social media sites, personal and business websites and blogs, press releases, even email marketing to spread the word about their crowdfunding ventures. All of this is done in hopes of attracting new investors. Crowdfunding allows entrepreneurs and small business owners to expand their investment pools. This gives them the ability to raise funds using sources beyond traditional means such as venture capitalists, lender financing, family and friends. Reasons to Raise Capital with Crowdfunding In short, crowdfunding empowers small businesses and entrepreneurs to raise money for ventures. Here are just some of the reasons individuals become crowdfunders: Raise capital to start a new business. Raise funds to launch a new product. Raise money for an art, movie or music project. Get donations for […]
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