Crowdfunding is still a pretty new thing. Most of us have heard about Kickstarter, Indiegogo, and GoFundMe. For business, artistic endeavors and just when you need help, there are people out there ready to pre-buy or product or donate some cash.
It’s not easy, of course. Asking for money is probably one of the hardest and most hated things to do by most people. Crowdfunding websites have made it easier, but there still is an aversion to it.
Equity Crowdfunding is even newer, and it’s still getting off the ground. It’s been around a little longer for accredited investors (over 200,000 income), but not for us making under that amount.
With Equity Crowdfunding, covered under the MNvest law and the national law Reg CF (Title III of the Jobs act), you can invest in companies for small amounts of money.
These investments can be risky, and it probably won’t make you a millionaire. However, the way I think about it is you get to invest in your community and an idea you like or even love. Investors are friends, family, fans and potential customers.
Businesses that are just starting out or growing and that need money, aren’t always in the best position to get a loan or other types of traditional funding.
Things have changed over the last decade; business is a different animal than it used to be. Crowdfunding allows us to be creative and find new solutions to old problems.
To survive, you need support and love from customers and the community. Love might be a strong word, but if someone likes your idea and they like you enough to give you money, it feels like love.
For more info on Equity Crowdfunding – feel free to shoot me an email at firstname.lastname@example.org