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Crowdfunding

Discussion in 'General Chat' started by Green Harry, Mar 3, 2017.

0
  1. #1
    Hi All,

    I have some questions. Please spare some time and let me know the exact answers.
    What is crowdfunding? Is it legal? How to do crowdfunding?

    Thanks and Regards
    Harry
     
    Green Harry, Mar 3, 2017 IP
  2. jrbiz

    jrbiz Acclaimed Member

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    #2
    Crowdfunding is a legal way to get money for your business, charity or other such venture. There are many crowdfunding sites and if you google that word, you will see a long list of such sites. Basically, you are asking large numbers of people to invest a small amount in your venture versus trying to find one, big investor to fund you. For the right idea and team, crowdfunding can be very successful.
     
    jrbiz, Mar 6, 2017 IP
  3. PoPSiCLe

    PoPSiCLe Illustrious Member

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    #3
    Crowdfunding is basically a way to outsource investments to a lot of small contributors, instead of capital investors. Depending on service or product, investors either pay to get a cheaper/advanced version of the product, or to get the production started, or to receive whatever they're part of funding in general. There are plenty of crowdfunding sites out there, Kickstarter and Indiegogo being some of the better known.
     
    PoPSiCLe, Mar 6, 2017 IP