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Silicon Valley Entrepreneurs - West Message Board › Need CA$H? Ask the Crowd

Need CA$H? Ask the Crowd

Group Organizer
San Jose, CA

Need CA$H?  Ask the Crowd



“>1 million Startups got $1.5B from 500 Crowd Funders last year.  That amount is expected to double this year as Crowd Funding explodes. Get your fair share !!!”


This info comes from a talk by Carl Ruzychi/ Crowd Funding specialist at the Silicon Valley Startup Funding Meetup on Thursday 07 June 2012. 


Crowd Funding is an emerging Internet & Finance trend, using social media & online networks - which increasingly strip away legal, psychological & logistical barriers for Fund Raising.  Crowd Funding call on individuals to pool money - via the Internet - to support others' business, charitable & creative efforts.


There are four Types of Crowd Funding:  1) Equity, but it’s poor cause you may have to give away too much of your company. 2) Loans, which are good, if you can get them, 3) Donations to a Non-Profit organization with no expectations of compensation, 4) Reward for donating cash to your cause and you provide them with a “reward” (ie, product, service or perk).  This is best method to get the most amount of money for the least effort.


Altho there are >500 Crowd Funding companies, I’d like to give you the top ones the you could check out or we could help you with preparing for:  #1 Kickstarter (is largest & focuses in creative projects), 2) Rocket Hut (creative projects), 3) WeFunder (has $12M for Founders), 4) BelieverFund & 5) AppBacker (both apps), 6) Quirky (inventors), CoFolio (local small Biz), 7) ProFunder (community projects), & 8) Peer Backers (peer-to-peer funding).


Contact, 5 Star Startup Services if you need help,  (408) 833-5900.

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