Crowdfunding Flashcards
1
Q
4 forms of crowdfunding
A
Debt based, rewards, donation, equity
2
Q
Advantages to crowdfunding
A
Allows you to maximise cash flow
And best chance for continual growth
Alternative if you have been rejected form back loans
Valuable marketing
3
Q
Disadvantages to crowdfunding
A
Equity based and debt based are expensive
If you don’t reach your target you will lose all your money
Failed projects risk damage to the reputation of your business
Time and money advertising
