21st Century Funding for Small Business
Thinking Out of the Box and Into the Clouds
Over two years of cancelled credit lines, called business loans and little to no new business funding has people getting creative about funding new and growing ventures! If you think they have their heads in clouds, you are correct!
Cloud Funding, also referred to as social funding or crowd source capital, is a new and fast-growing practice that involves leveraging social media to fund business initiatives. Unlike traditional funding approaches, money raised through Cloud Funding is not paid back, does not require collateral/guarantees, and there’s no giving up equity or control. Sources include Spot.Us, IndieGoGo, RocketHub, Funding4Learning, Invested.In, Kickstarter, Pledge Music and SellaBand. There are terms and conditions, however, and different sources focus on different industries. Learn more about the pros and cons.
Filed under: Deb's Tips
