1/ https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Denkendes Gesicht" aria-label="Emoji: Denkendes Gesicht"> What the heck is crowdfunding?

[T H R E A D]
2/ Crowdfunding is using a crowd of people to fund your product/idea.

It& #39;s about building a sense of community and then using the community to fund it.
3/ Crowdfunding is crowdsourcing.

Crowdfunding is not fundraising, nor is it venture capital or angel investing.

(Nor is it buying)
4/ Equity crowdfunding can be used to avoid venture capital.

Often times, this looks like someone investing X amount of money in exchange for equity.

However, it could also be perk based.

See more here: https://trends.vc/trends-0024-equity-crowdfunding/">https://trends.vc/trends-00...
5/ Perks are benefits that a "backer" or "contributer" can get.

Perks are popular on platforms like @Indiegogo and @Kickstarter.

Here& #39;s the perks for @Oculus

(Before Facebook acquired them)
6/ What kind of projects can you crowdfund?

You can crowdfund a social cause, an app, a video game, an innovative product, a book, or even a startup.

You can crowdfund anything.

136 backers helped make @rrana03_& #39;s book a reality.
7/ Why should I choose crowdfunding?

I& #39;ll answer this question in a bit, but I also like saving people time so:
8/ ...and back to your regularly scheduled programming
9/ Why should I choose crowdfunding?

• Reach – Reach people outside your immediate community who share similar interests

• Community – Super powerful, and will get you early adopters and loyal fans
10/ • Validation – It& #39;s a great place to get validation and social proof for your idea. (Also VC& #39;s watch these platforms) https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">

• Market Insights – Gather feedback and find valuable marketing insights, more efficiently
11/ Where can I crowdfund?

Popular platforms are @Kickstarter, @Indiegogo, @Pateon, @Wefunder, and more.
Bruh how did I fail to properly tag @Patreon
You can follow @JdanielRicher.
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