The concept of crowdfunding is simple: a group of people or investors pool money to fund a project, cause, or business. The modern history of crowdfunding goes back to 1997. The British rock band Marillion was able to raise $60,000 in donations through an Internet campaign to fund a U.S. tour. Since then, crowdfunding has been used to help with disaster relief, medical expenses, and even college tuition.
However, crowdfunding for businesses has become much more expansive with many different crowdfunding options that will help suit the business’s financial situation and needs.
Continue reading Understanding the Debt-Based Crowdfunding Model at StartUp Mindset.
from StartUp Mindset https://startupmindset.com/debt-based-crowdfunding-model/
Austin Rotter 