This time I would like to tell you how to organize your startup if the bank or investor you referred to considered you project too risky for funding. Where to find the money to make the project happen?
The way to get this problem solved is crowd funding – financial phenomenon that became so popular these days.
What is crowdfunding?
Generally speaking crowd funding describes the idea how to raise the investment for the startup.
There are three types of crowd funding:
– Donation Model – campaigns gather hundreds of small donations to achieve a financial goal (growth/extension or start up). Donors choose their benefactors and feel good about contributing to an economic or artistic endeavor.
– Reward Model – supporters make a monetary contribution in return for reward of some sort. The rewards can be wholly intangible, such as being identified publicly as a supporter, or a T-shirt.
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