1/ 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'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/

5/ Perks are benefits that a "backer" or "contributer" can get.

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

Here'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_'s book a reality.

7/ Why should I choose crowdfunding?

I'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's a great place to get validation and social proof for your idea. (Also VC's watch these platforms)

• 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