The age of the Medicis has long faded into history, but large-scale arts patronage still exists, with rich collectors, executives, and gallerists supporting the chosen few. And as Kanye is realizing, there are some doors that even being one of the biggest stars in the world won’t open.
Figuring out the best way to fund your company is always an interesting issue. Do you self-fund? Do you woo investors into backing your concept? Do you hit up your parents and ask them to put their retirement on the line? There are pros and cons to each and every option.
New SEC rules impose limitations on both companies looking to raise funds through crowdsourcing and on the individuals seeking to purchase a company’s securities. The rules also provide a regulatory framework for online platforms managing crowdfunding transactions.
Even if you work every day in the world of new-venture funding, as I do, the options are confusing, and their meanings seem to change on a regular basis. I challenge any entrepreneur, for example, to define the difference between “seed-stage” and “early-stage” financing.
Crowdfunding, incubators, and other options for funding your business.
If you’re in decent financial shape with no debt or very little beyond a mortgage, you have myriad options for funding your startup.
Crowdfunding platforms are expected by many to ramp up regular people’s ability to fund new opportunities and kill the need for angel groups.
A funny look at the Potato Salad Kickstarter
The Ultimate Pitch Deck for Startups
The following list of 15 crowdfunding sites covers the most popular ones like Kickstarter and Indiegogo, as well as a batch of specialized sites that focus on particular types of campaigns or startup ventures.
Moving beyond traditional methods of financing and accepting a new way of thinking
A hot new option, crowdfunding, has all kinds of people — entrepreneurs, small-business owners, inventors, investors, artists, speculators and crooks — excited.
A young startup has a Kickstarter project up with a tool to prevent these unwanted broadcasts. It’s called the iShutter and it’s an ingenious magnetic strip which allows Mac users to slide it over or off the camera on their screen without interrupting anything on their computer.
Social Venture Network, a non-profit comprised of socially conscious business leaders, wants to inject a bit of diversity into today’s pool of (mostly white, mostly male) entrepreneurs.