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Effective Crowdfunding is a hard problem. I am rooting for FundersClub to succeed. This will open up doors to solid startups that for whatever reasons could not
by rdudekul 14y ago
Effective Crowdfunding is a hard problem. I am rooting for FundersClub to succeed. This will open up doors to solid startups that for whatever reasons could not get into YCombinator, AngelPad etc.
- dumbfounder 14y agoThere are also a lot of startups that aren't right for those incubators. For YC, if you have a family and don't live in SV then that is a massive sacrifice to move out there, which closes the doors to many. Many others are similar. Where crowdfunding is most promising (in my mind) is that it removes the SV edge for startups. You don't need to be in the valley to be funded, you just need a compelling product/story/team/etc. Plus, there are also many other startups that have gone beyond the incubator stage, but are not right or ready for VC. You would traditionally turn to Angels in that stage, but why not turn to your users, or the general public?