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CrowdFunding The Future

GONGZUO Crowd Funding the Future Crowdfunding is asking a crowd of people to donate a defined amount of money for a specific cause or project in exchange for various rewards. General Categories Equity-based crowdfunding is asking a crowd to donate to your business or project in exchange for equity. Donation-based crowdfunding is asking a crowd to donate to your project in exchange for tangible, non-monetary rewards such as an ecard, t-shirt, pre-released CD, or the finished product. Debt-based crowdfunding is asking a crowd to donate to your business or business project in exchange for financial return and/or interest at a future date. The Good • Crowdfunding is useful for a variety of opportunities, whether fundraising for disaster-relief, creative projects, creating a salable product, or creating a start-up. • Crowdfunding platforms allow you to market your project, generate interest, and receive funds. • Crowdfunding backers can provide useful feedback about your project. • Once you get a solid base of support, there is no limit to the amount of projects you can fund. The Bad • Crowdfunding your project exposes your ideas to potential copycats. • Crowdfunding platforms may limit the amount of funds you can receive. • Crowdfunding regulations and taxation can be difficult to work with. The Ugly • Crowdfunding is not limited to certain kind of project, there is no discrimination! Only great ideas! • Crowdfunding can be fast, efficient, and effective if done right THE GONGZUO

CrowdFunding The Future

shared by thegongzuo on Apr 02
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Crowdfunding provides another strategy for startups or early stage companies ready to take it to the next level - such as rolling out a product or service. Before, a business owner was subject to the ...

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