Crowdfunding Or Bootstrapping
Crowdfunding Or Bootstrapping In this blog we're going to cover the both the topics which help you to decide which type of funding is suitable for your startup Crowdfunding -: Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Pros and cons of Crowdfunding -: PROS: Reasons to Consider Crowdfunding 1. There’s not much financial risk 2. Your campaign could go viral 3. A successful campaign validates your business idea 4. You keep all of your equity 5. You can tap into an existing community—and build your own CONS: Reasons to be Cautious With Crowdfunding 1. It takes time and money 2. Your campaign might not succeed 3. Someone could steal your idea 4. You have to pay several fees 5. It doesn’t work for all businesses If crowdfunding isn’t right for your company, you’re not out of hope. There are other small business financing mechanisms to choose from. Use Startup India Scheme to g