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Back in the bad old days, entrepreneurs searching for funding had three choices:
1. Friends and Family
3. Angel and Venture Capitalists
For many this meant that starting a business was nearly a mission impossible. Then in 2007, all that changed when Prosper.com launched the first peer-to-peer lending service in the US. Since that time a number of other crowdfunding sites have popped up, including Kickstarter, which in 2012 raised more than $10 million for the Pebble Watch.
Before you decide to quit your day job, understand that not all projects get funded. Some pitches are flawed, while others are deemed unfundable due to the rules of various crowdsourcing portals. But for a staggering number of well thought out and executed proposals, the world wide web is your oyster.
On this episode, we will clue you into the ins and outs of using crowdfunding as a vehicle that can take your business to a whole new level or build one from the ground up. So tune in and join the conversation at 4pm every Tuesday.
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