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Courtesy of Wikimedia Commons |
In 2013 my business partner Carl Weis wrote an article about
crowdfunding and how this new fundraising
mechanism could be a major game changer for startups and small businesses. Fast
forward to today and crowdfunding has become a mainstay for startups, new technologies,
music creation, video and book projects, and a whole horde of individual and non-profit
fund-raising initiatives. Everything from personal cancer treatment to conquering
world hunger is now in play. Crowdfunding is becoming the go to method that startups
and unconventional business ventures use to raise money. They are bi-passing the
old means where you would go hat in hand to family, bank or angel/venture capital
firms, trying to get your business or project off the ground. In this episode, of
Working the Web to Win, we will explore the current state of crowdfunding and other
alternatives to conventional methods for raising money for startups and business.