“To think creatively, we must be able to look afresh at what we normally take for granted.”
~ George Kneller
In my Truth About Funding fundraising training program, I go through the 41 proven funding sources for entrepreneurs so you can choose the ones that are a fit for your company. In this week’s tips, I’ll tell you about some of these options.
Believe it or not, donations have been used to fund many companies including for-profit ventures.
The most notable of donation-funded ventures is perhaps Wikipedia which has raised tens of million dollars in donations to date.
In the for-profit space, an example of donation-funded is Peter Cooper, founder of FeedDigest. In 2004, Cooper added a PayPal button to his website and asked users of his website to donate money.
His visitors subsequently donated enough money to allow him to grow. Soon after, an angel investor wrote him a check for $100,000.
These donations differ from Crowdfunding, which is generally rewards-based donations (you are giving rewards to people who donate).
Funding to Start & Grow Your Company
Do you need funding to start or grow your company?
If so, don’t go at it blindly.
Rather, you should use my proven funding strategy:
Yes, you can raise the money you need to start or grow your company.
But you need to raise it in a certain way.
Today’s Question: What famous words did Francis Bellamy write to commemorate the 400th anniversary of Columbus’s discovery of America?
Previous Question: What is the maximum number of individual memberships–or seats–permitted on the New York Stock Exchange?
Previous Answer: 1,366.
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