Creating a campaign is only part of the battle – pressing the big red “go live” button is the culmination of a lot of work, but what not a lot of people realize, is that creating the campaign is only the start. In a way, crowdfunding campaigns are mini-startups in their own right. This video covers common pitfalls.
Some sage advice and inspiration from a Kickstarter rookie and writer at DJBooth.net who decided to give it a go and damn the results. Here’s their, “not-so-perfect, kind of accurate, just-the-tip-of-the-iceberg, it-worked-for-me-so-it-might-work-for-you Guide to Kickstarter.”
As a creator, reaching new backers is key to growing your audience over time. Millions of backers all over the world enthusiastically look to Kickstarter for what’s next. The Follow feature is a way to connect with the Kickstarter community even after your initial project is complete.
A bunch of advice from the IndieGoGo blog that you should read. Caution; some of it is not all that encouraging including, “Did you know that most campaigns should have 30% of their goal already funded before they even launch?” Sheesh. What a bummer.
A new study from Pitchbook crunches 10 years of numbers to paint a clear picture of how access to venture capital is different across the country. This info is far from academic. For entrepreneurial Millennials, today America’s largest working generation, thinking about where to settle down often also includes thinking about where to launch a startup, someday.
A concise and interesting examination of fees project creators pay when using some of the most popular crowdfunding platforms.
“You don’t just hand over a prototype to manufacturing and say, ‘make this,’ ” Maxwell Bogue explains, offering some off-hand advice to hardware startups. “Whatever you made is wrong. It’s just not mass producible, as much you think it is.”
According to crowdfunding research firm Massolution, crowdfunding grew 167 percent in 2014. To put that into dollars, crowdfunding platforms raised $16.2 billion in 2014, escalating to $34.4 billion in 2015. For 2016, crowdfunding trends are predicted to pass VC funding for the first time.
Like most tax codes, there is room for interpretation but the IRS has concluded that, generally, money received without an offsetting liability (such as a repayment obligation) that is neither a capital contribution to an entity in exchange for a capital interest in the entity nor a gift is includible in income.
For people who don’t spend much time writing, telling an engaging story can be intimidating at first. That’s why the fine folks at youcaring.com are here to help empower you to tell the most authentic and inspiring story, with the goal of transforming passive readers into active donors and sharers.