By k | September 20, 2014 - 6:00 am - Posted in New Business Development

What is crowdfunding?

According to Wikipedia,

“Crowdfunding is the practice of
funding a project or venture
by raising monetary contributions
from a large number of people,
typically via the Internet.

One early-stage equity expert
described it as
‘the practice of raising funds
from two or more people
over the internet
towards a common Service, Project,
Product, Investment, Cause,
and Experience or SPPICE.’”

Crowdfunding could,
not only provide funding,
but also feedback on projects.

In the September/October
Costco Connection,
successful crowdfunding entrepreneur
Tom Korzeniowski
of Design Directive,
shares

“It provides quick access to capital
and, more importantly,
customer validation
before significant resources
are committed to projects.”

When exploring funding possibilities,
include crowdfunding as an alternative.

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