How to Get Funding for Your Startup
The trend of crowdfunding is increasing at an astonishing rate these days. People are raising thousands of dollars online for different projects. If you are willing to start a new project and need investment, you must search for the best crowdfunding platforms. We will tell you how to get funding for your startup.
The best way to get funding for your startup is to explore your available resources first such as your own bank balance, the people in your contacts, and business loans from banks etc. If you desire to get investment from reliable and professional platforms, go for the following sources.
It is perhaps the most popular crowdfunding platform where creative projects raise donation-based funding. The projects may vary in nature like installation of an art to pre-selling a music album. It is not for businesses, charities, causes, or personal financial needs.
Indiegogo provides donation-based fund raising campaigns for almost anything such as personal financial needs, music, hobbyists, charities, and anything else you can think of. The platform is quite popular because of its flexibility, broad approach, and their early start in the industry.
It is a platform for raising investment instead of rewards. It is one of the largest and fastest growing network of investors. After getting the rewards-based funding on Kickstarter or Indiegogo, the companies are willing to give crowd opportunity to invest at Crowdfunder. The platform offers equity crowdfunding only from individuals, Angels, and VCs. It was one of the biggest participants in the JOBS Acts legislation.
This platform offers donation-based funding for a variety of creative projects. The most interesting aspects of this source are its FuelPad and LaunchPad programs that help campaign owners, potential promotion, and marketing partners connect and coordinate for making campaigns successful.
It is a great site for lending money for starting small businesses in US. It provides debt-based funding to qualified businesses with existing operations and revenue. The platform has partnered with banks to provide loans and help small businesses owners bring their friends and family for the effort. Somolend has now begun expanding into various cities and markets in the US.
If you have new innovative ideas for starting a business then you will find Quirky as a place to crowdfund for donation-based funding with the community of people having similar ideas. The platform helps people to bring their revolutionary ideas to life. Community participants can take benefits from this source.
These crowdfunding platforms cover most of the campaign types of funding objectives. Whenever you are looking to get funding for your startup, have a look at these crowdfunding platforms discussed in this post.