Sourabh Sharman, Co-founder of Milaap, shares tips and advices for startups looking to do a business that involves crowdfunding. Milaap is an online platform that helps India’s working poor to crowdsource for loans that will be used for gaining access to education, clean water, energy, etc.,
Here are Sourabh Sharman's advices and tips for startups looking to crowdfund:
Checklist for raising funds from the crowd:
-Make sure you are building a consumer product or service.
-Build something that users can touch,feel or use.
-Have a product that solves a common pain or is for a good cause.
-You should be really sure that you want to raise money from the crowd because this requires a lot of time,energy and effort.
Before starting on a crowdfunding campaign:
-Set a specific target and timeline for the campaign.
-Create an awesome kickass video.
-Give tangible rewards to people.
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.