question archive What are two sources of crowdfunding for an employees recent product proposal?
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What are two sources of crowdfunding for an employees recent product proposal?
1.) Rewards Crowdfunding- Entrepreneur presell a product of service to launch a business concept without incurring debt or sacrificing equity/shares. It has been used for a wage range of purposes including picture promotion, free software development, inventions developed, scientific research and civic projects.
2.) Equity Crowdfunding - The backer receives shares a company usually in its early stage in exchange for the money pledged. It is the collective effort of individuals to support efforts initiated by other people or organizations through the provision of finance in the form of equity.
CROWDFUNDING is when a " crowd" funds a project or business rather than one or more major investors.