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Updated over 9 years ago on . Most recent reply

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Walter Granquist
  • Investor
  • Herriman, UT
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Crowd funding an option? Private money?

Walter Granquist
  • Investor
  • Herriman, UT
Posted
I have just recently heard of crowd funding. It actually kind of got me to this site. I have money I need to raise and would be interested to know if there is a limit to crowd funding. I have 700k left and don't know if the only option is to get private money or would crowd funding be an option? Walter

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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

Whether or not crowdfunding is appropriate depends on many things:

  • What state is the project in?  What state do you live in?  
  • Do you intend to have investors in many states?
  • Do you have a track record to sell to help to raise money?
  • How much, in total, are you looking to raise
  • What type of project are you trying to raise money for?
  • How long will the investor money be used?
  • What will the capital stack look like?
  • Do you have a large network to be able to help raise the money on your own?

I could go on and on and on.  There simply isn't enough information in your post to be able to help much.  

There are many good threads on BP about crowdfunding.  I would suggest starting with reading those.  

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