April 24th, 2017
Which type of financing is right for your startup? The Pros and Cons of Equity Crowdfunding
Techvibes | Brenda Bouw | Sep 12, 2016
Having a great idea for a business is one thing. Getting the financial backing to grow, scale and make it a success is quite another. Most entrepreneurs approach funding in stages, starting by dipping into their own savings, going cap-hand to friends and family, taking advantage of government grants, crowdfunding and potentially seeking angel and venture capital. The best funding option depends on the business, its track record and growth plans. Some companies stay self-funded forever, while others need the capital injection and expertise from outsiders. Getting the right investment in the right sums at the right time can often make the difference between a startup's success or failure.
Techvibes has put together a list of common investment options for startups, and the pros of cons of each covering
- Boot strapping
- Government grants
- Angel investing
- Equity crowdfunding
- Venture capital
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 1300+ 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 at www.ncfacanada.org.