Why venture capital no longer defines innovation, Innovation today isn’t occurring only among startups. It’s also happening in the funding models that help create those startups. Accelerators and crowdfunding are elbowing the “fat boys” of venture capital aside.
via ReadWriteWeb.com
Crowdfunding: Fundraising with a social twist Crowdfunding is being used successfully by many types of people and groups for a broad range of projects and causes including creative projects, entrepreneurial products or technologies, artists, bands, or independent filmmakers seeking support, humanitarian aid, political campaigns, charities, and microlending. Via - IBM Social Business Insights Blog - Image source
“Until now, crowdfunding efforts could only thank funders with products, gifts, or other token appreciation of support. Thanks to the JOBS Act, new ventures can actually provide small funders a piece of the action – so all of us can be investors in new ideas we believe in.”
In the past year, we’ve heard more and more about Kickstarter, a crowd-funding site that helps lift ideas off the ground.
“Money is always a big starting block for people.” Kickstarter’s co-founder Yancy Stickler said. “Take your idea and turn it out to the world.”
His crowd-funding startup…
via cnnmoneytech:
