Crowdfunding , getting investments and donations from individuals via the internet, has taken off, giving individuals who have, until now, been shut out of funding markets access to much needed cash. It will especially help socially responsible individuals and those seeking to fund socially responsible projects. These are exactly the types of projects that have had an extraordinarily difficult time raising capital in the current economic downturn. In my new book on crowdfunding ( The JOBS Act: Crowdfunding for Small Businesses and Startups , published by Apress) I discuss how to raise money online. For those with an interest, let me offer a few hints. 1. In my book, I use data provided by GoFundMe, a crowdfunding website, that shows the average successful campaign initiator had 482 friends on Facebook. This suggests that successful campaigns will bring the first part of the crowd with them. Here’s ...
Things of relevance to crowdfunding, including events and news.