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Crowdfunding Flow Chart |
Crowdfunding
is a scheme whereby inventors and other types of startup individuals
and groups pitch their plan to the public and solicit payment of funds
with the promise of certain goods or services when and if the monetary
goal is met or exceeded. If, for instance, I wanted to develop new RF
system planning software and needed, say, $100,000 to produce a beta
version, I might promise $50 donors ('investors') a specially designed
T-shirt, $100 donors an early beta for evaluation and discount on first
release, and $500 donors a full release version.

Posted June 2013 |
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