Season 7 Finale-Episode 50: Capital 4 The Culture: Crowdfunding Essentials for Entrepreneurs

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Title: Capital 4 the Culture: Crowdfunding Essentials for  Entrepreneurs

I. INTRO

Partner in podcasting, my brotha from

Anotha, AI mogul in the making (check out plannit AI) the Rashaeed Wallace of podcast knowledge -BIG STEW!

II. What is  crowdfunding?

Crowdfunding is the raising of small amounts of capital from a large number of individuals to finance a new business venture.

It is also used to finance things such as funerals, non profit programming, tuition, etc. (church donations on Sunday are form of crowd funding)

Stew have you ever crowd funded?

III. Actual Factuals:

The average success rate of any Crowdfunding campaign is 22.4%. If a crowdfunding campaign includes a video, it is more likely to earn 105% of funding than those without a video. If a campaign raises 30% of its goal within the first week, it is more like to gain funding as expected.

https://www.enterpriseappstoday.com/stats/crowdfunding-statistics.html#:~:text=The%20average%20success%20rate%20of,to%20gain%20funding%20as%20expected.

Crowdfunding Statistics: Overview. $17.2 billion is generated yearly through crowdfunding in North America. Funds raised through crowdfunding grew 33.7% last year. There were 6,455,080 worldwide crowdfunding campaigns last year.

https://www.fundera.com/resources/crowdfunding-statistics#:~:text=Crowdfunding%20Statistics%3A%20Overview,worldwide%20crowdfunding%20campaigns%20last%20year.

IV. 3 types of crowdfunding:

Reward based, donation based and debt based, equity based

https://www.thebalancemoney.com/a-guide-what-is-crowdfunding-985100

V. Pros and Cons

https://www.hubspot.com/startups/crowdfunding-pros-and-cons#:~:text=For%20startups%2C%20crowdfunding%20offers%20many,connections%20with%20your%20target%20audience.

V. Sites for people of color / women

https://www.womenandminoritybusiness.org/crowdfunding-for-women-or-minority-businesses/

VI. Outro

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