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Rescooped by Kenneth Carnesi,JD from Pitch it!

The startup challenge: Raising money to make dreams become reality

The startup challenge: Raising money to make dreams become reality | e-commerce & social media | Scoop.it

Finding funding as a startup can be a scavenger hunt, with nuggets of information hidden by bureaucracy and scattered across the Internet.

You’ve got a brilliant, multimillion-dollar business idea and want to start a startup. Great! … Uh, now what?

To steal a joke from a 1998 South Park episode, the void between ideation and value creation often looks like: Phase 1 — Start company. Phase 2 — ?????. Phase 3 — Profit!

How startups develop the second, mystery phase depends on how strong their resolve to raise cash is, how developed their contact network is and how much risk they’re willing to take. Read more: click image or title.



Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more: www.Business-Funding-Insider.com

Via Enzo Calamo, Marc Kneepkens
Marc Kneepkens's curator insight, May 23, 2016 7:28 AM

This article in the Montrealgazette is written for the Quebec #startup community, but it accurately describes the #funding process and a variety of options #founders have when looking for money.

Rescooped by Kenneth Carnesi,JD from Public Relations & Social Marketing Insight

The hidden Kickstarter industry

The hidden Kickstarter industry | e-commerce & social media | Scoop.it

The crowdfunding industry is largely hidden from the public eye. To the uninitiated, a crowdfunding project looks like one person’s lonely slog through sleepless nights and white-knuckle days. The truth is that, while it may be sleepless and white-knuckled, it is rarely lonely.

Kickstarter alone has helped projects raise $789 million since it was founded in 2009. Together with Indiegogo, Crowdtilt, and numerous other platforms, crowdfunding could raise almost that much again just in 2013, according to Deloitte. Except for a few startups’ thin margins, all of that money will go to the marketing, manufacture and delivery of the products that crowdfunding backers support. If you are a marketer, manufacturer or shipper, that’s good news....

Via Jeff Domansky
Jeff Domansky's curator insight, December 29, 2013 12:32 PM

Expect the crowdfunding trend to continue to grow in 2014.