Tuesday, May 7, 2013

Crowdfunding: A New Source of Finance for Entrepreneurs

Here is an interesting post on the emergence of new source of funding for would-be entrepreneurs. In the past, people who are in need of a huge sum of money to fund a startup, a huge project, or a brand new commercial product, would have no other options besides applying for a loan or shopping their ideas to investors

But with the advent of crowdfunding, even college students who are coding from their dorm rooms can get enough funding to conceptualize, develop, and mass produce products or projects in scales that are previously exclusive to large companies. In fact, crowdfunding has proven itself to be so effective that even established companies are now using it for their latest projects. For complete article see here

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