Investors Should Consider Crowdfunding.
Most people are familiar with the traditional way many businesses get started, which tends to include taking out bank loans. One way around that is for those with a great idea to focus on crowdfunding, which allows them to get the funds they need to start and grow their business straight from investors.
"Crowdfunding is a great thing and helps a lot of entrepreneurs get their start. Crowdfunding used to focus on family and friends, but today it invites everyone to participate and get in on the action," says Dan O'Toole, founder and CEO of Dronedek, dubbed the "mailbox of the future."
Here are six reasons why investors should consider crowdfunding:
Selectivity. "Crowdfunding allows people to support the things they believe in. Without that support, some of those ideas would likely never make it to market."
Support. "Those who engage in crowdfunding support entrepreneurs seeking a less restrictive route. Many entrepreneurs take traditional loans with a lot of rules and regulations, often tying the hands of those with creative ideas."
Flexibility. "Crowdfunding makes it easy to decide how much to invest in the idea or company Being someone that supports it comes with a lot of flexibility. People can give...
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