Crowdfunding Cultivates ‘Fail Fast’ Culture, Helps Women Raise Startup Capital

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Techvibes | Donal Power

2015 Money Forum - Alternative Finance Panel

Fortune Favours the Bold

“Fortune Favours the Bold” was a recurring message at Enterprise Toronto’s third annual Money Forum earlier this week, which drew a diverse crowd of entrepreneurs and startup founders to City Hall to explore aspects of financing new ventures.

Forum panelists repeatedly cited having a high risk tolerance and confidence in one’s vision as prerequisites for succeeding as an entrepreneur. Equally important was knowing when to reach out for support and advice. Non-profits Futurpreneur Canada and the National Crowdfunding Association of Canada were on hand to both embolden new business leaders and to provide that much-needed advice.

Craig Asano, Executive Director of the National Crowdfunding Association of Canada (NCFA), outlined a dizzying array of opportunities available to startups through the fast-changing world of crowdfunding. The better-known crowdfunding platforms like Kickstarter focus on fundraising through donations and rewards, while he explained debt-based crowdfunding and equity crowdfunding lie on the more complex end of the spectrum, often involving securities law and jurisdictional issues.

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country.  NCFA Canada provides education, research, leadership, support and networking opportunities to over 950+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

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