How to Attract Crowdfunding Investors Without Breaking the Law. As the potential returns from crowdfunding go beyond free T-Shirts and movie passes, the rules were bound to get more complex. Last week, President Barack Obama signed into law the Jumpstart Our Business Startups Act, or JOBS Act. Though the law contains many parts that could free up funds for startups, the most anticipated measure among the entrepreneurial set is the crowdfunding provision that legalizes investing in startups by non-accredited investors.
Formerly, only accredited investors -- typically wealthy individuals who can afford to make riskier bets -- could invest in pre-IPO companies. Though the prospect of being able to raise money from a bigger pool of investors is giving many entrepreneurs reason to salivate these days, the law stands to add a new level of complexity in the way companies market themselves to investors using crowdfunding. Related: The JOBS Act: What You Need To Know So how do you go about attracting crowdfunding investors without running afoul of the new law? 10 Crowdfunding Tips for Your New Product, Cause, or Creative Project.
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We've been getting excited about the potential of crowdfunding and so we asked a practitioner to share their strategy with you. Erick Mott is fresh from the field, having backed crowdfunding since 2011 and is in the process of completing a successful campaign on Indiegogo September 30th for his new product called the creatorstand. Whether you’re serving clients or leading an organization to launch a new product, cause, or creative project on the web – you’ll find these crowdfunding tips useful. What is Crowdfunding? Crowdfunding is a collaborative effort of individuals to pool resources, usually via the web, to support entrepreneurial, cause or creative projects initiated by other people, businesses, and community groups.
People sometimes confuse crowdfunding with crowdsourcing – another form of community engagement to outsource tasks. Ready to Give Crowdfunding a Go? 1. 2. 3. Crowdfunding Marketing. How to crowdfund successfully : tips and secrets from SeedingFactory SeedingFactory has helped dozens of projects in Montreal & North America for thepast 2 years. We had our share of epic failures, as well as mega... Continue Reading → Art & Design Could Really Boost your Campaign, Discover How. Crowdfunding is happening online. Continue Reading → [Interview] Vibease: How Crowdfunding Helps to Build a Brand Inspired by intimacy challenges in personal life, Vibease succeeded in turning personal problems into public interest by launching their Indiegogo... Continue Reading → [Interview] Clyde Project: Leverage accelerator experience with crowdfunding for a big success. Founded and based in Montreal, Fabule is a design studio that cleverly leveraged their accelerator experience for launching a successful Kickstarter...
Continue Reading → 4 Crowdfunding Mistakes for Social Entrepreneurs to Avoid.
Rock The Post. Directory of Sites. Weeve. Social Enterprise. Online fundraising on Facebook — FundRazr. RocketHub. Crowdfunding Creativity. Crowdfunding big ideas. Browse Campaigns. 13 Crowdfunding Websites to Fund Your Business.
Who needs banks?
Crowdfunding websites can help you find a community of small investors to fund your business, without the risks of traditional financing. Here is a list of crowdfunding sites. Some sites focus on funding creative projects, others sites focus on meeting specific needs in the marketplace or community. So don’t let access to capital hold you back — let the crowd fund you. 13 Crowdfunding Websites 33needs. 33needs enables everyone to invest, make a social impact, and earn financial rewards.
Social Innovation Initiative. 13 Crowdfunding Sites for Social-Cause Entrepreneurs.