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

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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