Consider crowd funding for local startups

Friday, May 15, 2020 0:01

By EDITORIAL

Startup entrepreneurs need to learn and develop the requisite set of skills that will see them conduct successful crowd funding campaigns.

It is time local startups gave a serious thought to crowd funding as a means of raising capital.

Though its overarching purpose is that of raising startup capital, crowd funding also indirectly provides a business idea validation mechanism as it applies the Linus’s Law or wisdom of the crowd to filter out non-viable ideas.

Startup entrepreneurs need to learn and develop the requisite set of skills that will see them conduct successful crowd funding campaigns.

Conduct research to enable you choose your crowd funding platform wisely, describe yourself and the proposed business idea in truth and detail and also be realistic in the amount requested.