The concept of crowdfunding is quite simple. You’re asking a crowd of people to individually donate a certain amount of money for a specific and compelling cause or project, frequently in exchange for various “rewards”.
Of course, the reason why Crowdfunding even exists is the wonderful reach and scale of the world wide web. Connectivity is now in the millions, the world is your forum, but it takes a little more than posting pretty pictures to effectively fund your big idea. There’s still a significant amount of work and strategy involved in conducting a successful campaign.
For Crowdfunding investors, even if a campaign is successfully funded, the management of the “funded company” is now tasked with executing the business plan to the point of sustainability, and if not, caveat emptor.
For more information on Crowdfunding, or to discuss how we may assist with your Crowdfunding project, please Contact Us.