On May 3, 2011, I participated in the panel discussion
titled "Creative Alternative Financing - Crowdfunding & Crowdsourcing" at
the 2011 MBE Annual Meeting organized by New York & New Jersey Minority
Supplier Development Council. I was honored that my co-panelists were David
Crowdfunding is a method of raising funds for a business
venture or a project by requesting a small amount of money from a large number
of people (typically through the Internet). An average amount of money raised
is between $2,000 and $10,000.
Crowdfunding is not a new phenomenon. We have seen it...
Crowdfunding is just one of many ways of financing a
business venture or a project. Like all other methods, crowdfunding has its
advantages and disadvantages. Below I discuss some pros and cons of raising
money through a donation-based crowdfunding platform.
In my opinion, the main and unique...
In this post, I would like to summarize the information I
posted previously about crowdfunding and discuss the kind of company or
individual that would benefit the most from this type of financing. In the
donor-based model of crowdfunding, it would be a person or a team with a
creative novel idea, something...