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By Carl Weiss
Crowdfunding, it's a Game Changer
By Carl Weiss
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1. Friends and Family
2. Banks
3. Angel and/or 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 can your oyster when it
comes to jumpstarting a business.
However, as you will soon find out, Crowdfunding comes in a number of
different flavors.
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