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In 2011, Seth Quest raised $35,000 via Kickstarter for his product the “Hanfree,” an intelligently designed hands-free iPad stand. Unfortunately, in the campaign’s aftermath, something went wrong. Quest could not create his product nor ship the incentives, leaving one backer, Neil Singh, who donate Read More
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Firstly, as a word of warning, be wary of third-party crowdfunding promotion services. Paying a few hundred dollars for a “guaranteed” success sounds suspect most likely because it is. When campaigns fall into a rut, such services may appear to be the quickest solution, but often this leads to was Read More
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Excellent PBS report on the disruption to small business after the failure of local banks. This has been, alas, a common scenario in the past few years, but let’s hope with the signs of economic recovery evident, this will become much rarer over the next few years…. Read More
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In this first on a series on the key figures and thought leaders in the emerging Top 100 Crowdfunding industry, David Drake spoke with Arnon Shafir, CEO and founder of give2gether. Read More
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1. Create a strong business plan and vision of your idea, outline what your company, product and campaign is all about. The likely hood of achieving crowdfunding success becomes much higher, if you have the ability to clearly show your vision to potential investors. When you show a strong belief al Read More
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The primary purpose of any campaign must be clear to the organizer. This is important in crowdfunding as well, knowing this basic element will help you in determining which crowdfunding platform is the best for you. For example, there are very specific niche communities for specialized individuals. Read More
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Just across the pond in the UK, another start up has used the power of equity crowdfunding to raise the much needed capital to expand their offerings. Humble Grape has surpassed their initial goal of £250,000 ($450,000 CAD) and is still collecting capital in excess of £330,000 ($615,000 CAD). That Read More
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Small businesses in the middle of growing can hit problems should a potential client ask for something outside the bounds of their available inventory. Alternative capital is a potential solution to this problem. Read More
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The best way to successfully fund your crowdfunding startup is to understand exactly what investors look for when finding entrepreneurs to back. If the person seeking money can get inside their heads and deliver just what they find attractive in a new company or project, the chances that the crowdf Read More
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According to last year’s World Bank report, Australia currently trails behind many industry leaders in the number of active crowdfunding portals advertised. That said, Australia does contribute a few excellent platforms, some which have already spread world-wide. Read More
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