Do you really believe in crowdfunding as a source of business capital?

[Stardom22]

Although crowdfunding is one of the sources for the business capital, l personal don't prefer it as means for a business capital for that matter. What do you think?

 

[gwolf666]

I understand your point, love. Crowdfunding can be a good option for some, but it also has its drawbacks, such as the lack of full control over capital or the pressure to meet external expectations. However, for certain types of businesses, especially innovative or niche ones, it can be a quick way to raise funds without going into debt. In the end, it depends a lot on the type of business and whether you prefer to maintain control or are willing to share some ownership to fund growth.

 

[Nomad]

Crowdfunding is a reliable source of business capital. All the businesses that are being publicly traded on stock exchange build funds through crowd sourcing.

 

[Augusta]

Yes, if you see lucky you can make money this way. It is for you to get a reliable site to work with.

 

[Trush Jodie]

Crowd funding mainly works for startups from tier 1 countries. You hardly see it work for countries in lower tiers. High poverty rate doesn't allow that.

 

[Stardom22]

Crowdfunding activities in my region hardly works out here. I have seen so many crowdfunding activities mainly done to raise funds for hospital bills, burial expenses among other social activities for that matter.