Crowdfunding via customers is the new startup capital When the JOBS Act was signed in April, the startup community gave itself a collective high five. Crowdfunding would enable startups to reach out to the whole world to get access to funding, not just a small cabal of investors living in a 20-mile radius of Menlo Park. But hidden in the headlines was a much more powerful underlying trend.
Crowdfunding becomes a reality for startups - GrowVC (press release) Grow VC is fixing the inefficiencies of private seed funding for web and mobile companies with a global social network and crowdfunding. The service includes the tools needed for building a startup from the ground up, to getting funding at the seed level. It introduces startups to investors, experts and other entrepreneurs, helping them discover common interests and providing new transparent ways of achieving investment. The community-fund feature includes a members leaderboard based on the merit of the members' investment decisions. The most successful decision makers will be financially rewarded when the community fund begins earning return on investment (ROI).
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Tom Dawkins's Answers on Kickstarter - Quora Choosing a crowdfunding platform is about choosing the frame you want to tell your story through. Regardless of your choice of platform your success or otherwise will come down to your own efforts, to your willingness to work hard to get your story out there and inspire others to support you. The idea that Kickstarter has the biggest community and therefore gives you the greatest chance of success is not supported by evidence. Kickstarter has the most traffic, certainly, but their actual success rate is no higher than many other corwdfunding platforms, with less than 50% of projects receiving funds.
Does Crowdfunding Work for Early Stage Growth Companies?