Crowdfunding is one of the newer ways of funding a startup(s). So, some entrepreneurs put up a detailed description of their businesses on a crowdfunding platform. They mention the goals of their businesses, plans for making profits, how much funding they need and for what reasons and then consumers can read about the business(es) and give money if they like the ideas. Anyone can contribute money toward helping a business that they really believe in. Actually, we can say that there are some business ideas that are perfect for crowdfunding: Original tech gadgets; Independent books; Home cooking tools; Local Service businesses; Unique home inventions and etc.
Where am I?
In StartupTalky you can ask and answer questions and share your experience with others!