Thursday, March 20, 2014

Need money to complete a project? Crowdfunding may be the solution to your cash dilemma.

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Crowdfunding is a new and innovative way for people to raise money for their projects. It is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. People seeking funding market their project and raise the funds on social media like Facebook and donors or investors pay through Pay Pal. With the SEC poised to allow projects to offer equity,crowdfunding has the potential to revolutionize how entrepreneurs raise money. Long-awaited SEC rules clarify how entrepreneurs will one day raise money on crowdfunding portals. The process starts with disclosure.and lots of it. So be prepared to bare your soul. But, then again don’t we do that anyway in a traditional business plan or proposal? So here are eight crowdfunding sources and websites:

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   1.Kickstarter is the most popular of the crowdfunding websites. Kickstarter.com is a funding platform for creative projects. Everything from films, games, and music to art, design, and technology. Kickstarter is full of ambitious, innovative, and imaginative projects that are brought to life through the direct support of others. Read more at https://www.kickstarter.com/
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   2. Three reasons to use Indiegogo.com as your crowdfunding source:1 No Application Process: Indiegogo doesn't choose who can or cannot crowdfund so you could get started today! 2 Global Network: Passionate people around the world can raise money and contribute to campaigns on Indiegogo. 3 Customer Happiness: Get fast answers to your crowdfunding questions from real people at Indiegogo. For more go to http://landing.indiegogo.com/why-indiegogo/?
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    3.Bolstr.com was founded to provide Small Businesses with a simple fundraising tool that enables them to transform their network and community into a team of investors,& supporters. Through step-by-step guidance, Bolstr simplifies the process of raising money through a private offering. By utilizing the technique of "crowdfunding", Bolstr enables Small Businesses to reach out to their communities to raise smaller investments from a larger group of people. Read more at  http://www.bolstr.com/
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  4.Fundable.com Entrepreneurs create over 6 million new businesses each year in the United States,& yet only a fraction receive funding. Fundable has set out to change that by creating a business crowdfunding platform that enables companies to raise capital from investors, customers,& friends. Here are the three things that have made Fundable the leading platform for business crowdfunding: Fundable is a hands-on service,they’re founder friendly,and most of all,they love what they do Read more at http://www.fundable.com/about
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  5.The inventive world of Quirky.com is the crowdfunding source for inventors. They make invention accessible. They believe the best ideas in the world aren't actually in the world... they're locked inside people's heads.  Quirky.com exists to solve that problem.  Read more at https://www.quirky.com/about
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  6.Razoo.com is the crowdfunding platform for causes. They have  helped nonprofit organizations raise over $160 million. There are over 1 million US nonprofits currently listed on Razoo. If an organization is  a registered 501(c)(3), They are probably already in Razoo’s  system.the organization can simply claim their page to get started...Read more at http://www.razoo.com/p/nonprofitsimage
  7.Raising Capital On SeedInvest.com :Access More Investors,Online Execution,Advertise And Comply,Simplify Due Diligence All for just $250 per month for a limited time. Read more at https://www.seedinvest.com/about/raising-capital
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 8.EarlyShares.com offers equity crowdfunding for businesses. EarlyShares was founded on the core philosophy of Passionomics™– the science of creating value at the intersection of personal passion and investing. EarlyShares enables investors to diversify their portfolios by investing in a variety of interesting deals across a multitude of industries.  For more go to http://www.earlyshares.com/learn-more/overview

http://www.inc.com/magazine/201306/eric-markowitz/how-to-choose-a-crowdfunder.html

http://www.inc.com/magazine/201402/darren-dahl/crowdfunding-equity.html