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Equity based crowdfunding is a new source of funding for your startup or project. We are all familiar with projects and startups raising capital via rewards-based crowdfunding sites like KickStarter and Indigogo. On sites like these, in return for their financial support, contributors might receive a discount on a future product, or maybe a “virtual high-five”. What if those contributors could become actual investors?
- As investors, they have a real reason to promote the business actively. According to wefunder.com, “It’s also best at turning customers into investors that are a marketing force.
- This is also an alternative way to test your concept or vet your business idea. “A crowdfunding campaign is a good sign of traction before raising VC,” noted Ethan Mollick, Professor of Management at the University of Pennsylvania’s Wharton School.
- We’ll discuss other benefits as well, like obtaining customer feedback and lower cost of capital.
So if you need capital to fund an idea or prove a business model, equity-based crowdfunding might be the answer. Millions of dollars have been raised via this relatively new funding source
Speaker: Speaker: Glenn Champagne, Angel Investor, Launchpad Venture Group
Co-sponsored by MA Small Business Development Center
Glenn Champagne, Angel Investor, Launchpad Venture Group
Glenn is an active angel investor and Director Emeritus of Launchpad Venture Group. Launchpad Venture Group is one of the largest angel groups in New England and one of the most active angel groups in the US.
His more than 2 decades of experience in the software industry focused in consulting, sales, and management roles at the likes of then pre-IPO companies Oracle and Business Objects, early stage companies with acquisition exits, and a Principle with IBM/Tivoli.
He is a multi-round judge at MassChallenge and the North of Boston Business Plan Competition, Advisor at The Capital Network, Northeastern University IDEA Mentor, Babson College Entrepreneurship Panelist, and IBM Smart Camp Mentor.
He is an aging skier and enjoys Porsche Club of America autocross racing. Glenn earned his Bachelor of Science in Business Administration at The D’Amore-McKim School of Business at Northeastern University.
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How Can I Grow My Business? (In-Person Workshop)
Thu, Mar. 30, 2023 - 8:30am - 10:00am