Christopher Charlesworth, CEO and Co-founder of HiveWire, Joins National Crowdfunding Association of Canada’s Advisory Board
March 24th, 2017
Crowdfunding is big. Really big. And it's going to get a whole lot bigger.
If you've been skeptical of all the crowdfunding buzz, consider this: By the end of 2014, crowdfunding is estimated to add at least 270,000 jobs and inject more than $65 billion into the global economy, according to estimates from crowdfunding platform Fundable.
In eight months, Fundable has been able to help startups raise $50 million worth of commitments, either in the form of donation-based or equity crowdfunding. In donation-based crowdfunding, an individual solicits funds from a group and in exchange gives a gift, like a tote bag or product sample. Equity-based crowdfunding is where a company sells a portion of its company in exchange for cash. Currently, an entrepreneur can only equity crowdfund from accredited investors who meet standard requirements for wealth. A law has been passed and provisional rules written which, when final, will allow entrepreneurs to equity crowdfund from anyone with the cash and the interest.
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada crowdfunding hub providing education, advocacy and networking opportunities in the rapidly evolving crowdfunding industry. NCFA Canada is a community-based, membership-driven entity that was formed at the grass roots level to fill a national need in the market place. Join our growing network of industry stakeholders, fundraisers and investors. Increase your organization’s profile and gain access to a dynamic group of industry front runners. Learn more About Us |Prezi or contact us at email@example.com.