Anyone has any experience in crowdfunding?
April 03, 2021
by a searcher from University of Texas at Austin in Houston, TX, USA
Recently our team is planning to launch a crowdfunding, however, never try crowdfunding before, wondering if there's any advice?
Including the marketing strategy, our team actually is preparing for crowdfunding to reach the goal in the first day launch!
We've developed our facebook fanpage, Instagram and the Website, not sure if there's anything we can do to reach more crowds.
Any insight is welcome! Thanks
from Hofstra University in Melville, NY, USA
This advice is from my perspective as having recently gone through this process. Always have a Securities lawyer confirm before going down any of these paths. It would be really helpful if you can provide some more insight into what you are raising money for as ^redacted mentioned.
Step 1. Determine if you want to raise money from accredited investors or open to anyone. We chose to go with accredited investors only at this point in time. Because of that we chose REG D. Reg CF and Reg A can raise money from both.
Step 2. Determine how much you need to raise. These numbers may be a little dated as there have been recent changes. Reg CF has a low per year number...I think it was just brought to $5 million from $1 million recently. Reg A Tier 1 and Tier 2 allow you to raise $20 and $50 million respectively per annum. And Reg D has no limit to my knowledge.
Step 3. Time and Money. Reg A is by far the most expensive, regulated and takes the most time. From what I understand Reg CF is the simplest and fastest to get started, but I didn't explore in detail as the per year number was way too low for my application.
Hope that helps get you started.
from University of Denver in Boston, MA, USA