May 15, 2012
One of the interesting things to emerge from our high-tech life style is crowdfunding. The concept is similar to a bake sale or getting sponsors for you to run a race, only it is online and the community from whom you are asking for support is global. I contributed last year to a crowdfunding to bring Emily Dickenson’s birthday to life Downtown.
Some small businesses are now using this technique to raise early stage money for their ventures. Think of it as an extension of your friends and family.
Excellent article on this technique here: http://smallbusiness.foxbusiness.com/biz-on-main/2012/05/11/crowdfund-your-way-to-success/