Tom Ryan, General Partner at Start100. He is an experienced startup founder, investment professional, and distinguished coach and mentor to entrepreneurs worldwide. In addition to START100, Tom is currently an Entrepreneur-In-Residence at Catawba Valley Community College and the founder of entrepreneurial support resource connectivity platform, supportedly.com. This episode is all about crowdfunding for your startup.
What is Crowdfunding?
Crowdfunding is raising small amounts of money from large amounts of people usually via the internet – in recent times has become a viable alternative for entrepreneurs to raise capital.
Crowdfunding has been able to provide market validation, serving as a great source of cash flow. It is quite a great opportunity to build market awareness.
Tom Ryan
My conversation with Tom Ryan on The Entrepreneurial You podcast on the topic of crowdfunding has been very enlightening. We talked about about its history, how to gather the crowd and even the types (equity based versus rewards based) of crowdfunding.
Crowdfunding Questions
- What is crowdfunding and why should it be considered as a viable option for startup entrepreneurs to consider?
- What is it about crowdfunding and when did start to take on a life of its own? What makes it attractive?
- In order for a crowdfunding campaign to be successful, what are the things we need to consider?
- Listen to this podcast episode to learn how crowdfunding can help you raise capital for your business.
TOP TIP:
Start to develop a clear and compelling story that will get people to want to support you then start with your close circle and go outwards.
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Connect with Tom Ryan
Website – Start100
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