How to raise your first $107k in investments
How to raise your first $107k in investments - The beauty of RegCF Investment Crowdfunding
The first dollar is always the hardest. Whether you’re trying to earn it, generate revenue or raise it. It all starts with Dollar One. And, knowing that you're a busy Founder, CEO or CFO so I’ll save you a long read and just let you know the following 3 facts:
- It costs you sweat, creativity and drive to raise your company’s first $107k using RegCF.
- After the first $107k, it will cost you about 10% of your goal to try and raise your desired amount. Most of that goes towards marketing.
- If you hit your $107k, you can amend your filing and continue to raise money just like these Founders did:
- At Ease Rentals ($303k raised from 295 investors)
- Cornbread Hemp ($492k raised from 870 investors)
But don’t take my word for it. Listen to this interview with Jim Higdon, Chief Communications Officer of CornBreadHemp to learn more about how Cornbread Hemp used RegCF to raise thei...more
Is crowdfunding a good fit for my business?
Q: Is Crowdfunding a good fit for my business?
A: Always.
I often get asked, “ Is crowdfunding a good fit for my business?” The answer is 100% of the time “Absolutely”. Why is pretty simple and straightforward and we’ll outline the why investment crowdfunding is suited for your business below.
Funding Your Business - Knowing Your Options
Bank Loans. Traditional means of funding your business include bank loans and other forms of financial instruments that your bank offers. However, for many businesses banks are not your friends. While it’s true you can get a loan or business line of credit when you’re cash flow positive and don’t need them, securing a business loan or line of credit when you need it (e.g.: pre-revenue) is nearly impossible. If you can get a bank loan then why use crowdfunding? You’re right. Good luck meeting the bank’s underwriting requirements. Eve...more
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