Crowd Funding Tips and Advice


 
Venture Capital > Forum

Crowd Funding Tips and Advice
James Carvin, Business Consultant, United States, Member
Unless you are developing a simple app with a maximum development cost in the $10,000 range, or have a relatively simple project to fund, or an exceptional business that requires a fraction of the average start up cost, do not expect to fund your start up entirely from perk based crowd funding.

Crowd Funding provides micro-funds from the crowd that in rare cases add up to hundreds of thousands and even millions. The average supporter chips in $50 and most people put in about $25. Unless you are on a lending platform or a charity, in exchange for these small dollar amounts you'll provide a perk. Perks range from coffee cups and tee shirts to presold product with back stage passes.
There may also be production, handling and shipping costs. Not all crowd funding platforms are equal. Most require that you set a stated goal. If you don't reach the goal the campaign is called off as a failure. To avoid failure there are several things you should know:
  1. First, yo...Sign up
 

   

Special Interest Group Leader

Interested? Sign up for free.


Venture Capital
Summary
Forum
Best Practices

Expert Tips

Resources
 



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.0 - Last updated: 25-3-2019. All names of their owners.