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What about crowd funding?

I have an idea, which I'm sorting its viability.

It would be an online data mining site. I'm wondering about the pros and cons of gettingan agent for crowd funding. And more generally pros and cons of crowd funding.

5 Replies

Irwin Stein
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Irwin Stein Advisor
Very experienced (40 years) corporate,securities and real estate attorney.
Overall crowdfunding campaigns of various types are successful about 30% of the time, meaning 70% of the time the company does not get the money it wants. The crowdfunding industry is full of experts and consultants who have no experience raising money or dealing with investors. That said, if you have a really good idea for a profitable business, structure the offering correctly, spend what it takes to package the offering and attract investors it can and does work.
priyank JAIN
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priyank JAIN Entrepreneur
Business Manager at Loca Globe
Hi Roger,
Roger MacKenzie
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Roger MacKenzie Entrepreneur • Advisor
Analytics Freelancer and Machine Learning Student
In reply to Irwin Stein
I have the most brilliantidea, but I have not fleshed it outor applied sweat to it. So, who knows!
Do you have some guidelines on how to "structure the offering correctly."What would be a good structure as opposed to getting a bank loan?
Adam Pressman
0
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Adam Pressman Advisor
I've helped a number of folks become millionaires. I'd like to do it a few more times.
Hi Roger,
I work with Irwin and we provide a month long preparatory process called the FundMonth. It's designed to get you the ingredients found in 97% of successful raises via crowdfunding in just 30 days. It is a very aggressive pace and requires a great deal of commitment from you and us. No one wants to do it twice but they think it's the best month and money they ever spent. It's $3500 and we guarantee you will agree no one has worked harder for your campaign.
Martin Omansky
0
0
Martin Omansky Entrepreneur
Independent Venture Capital & Private Equity Professional
Equity Crowdfunding is an iffy proposition. Contact the law firm Pepper Hamilton in Philadelphia for details. Best you do a more conventional private placement. Sent from my iPhone
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