Many say crowdfunding is a great way to support a cause or product that you believe in or want to encourage. It’s the financial version of crowdsourcing. I have supported over a dozen crowdfunding campaigns myself, ranging from movies to mine removal.
Crowdfunding lets you experience The Thrill of Victory… and The Agony of Defeat
As suggested by the opening to ABC’s Wide World of Sports, you win some and you lose some. When it comes to crowdfunding, the project can go any of three ways:
- Doesn’t raise enough in pledges and they are never collected
- Collects the pledges and accomplishes what they said they’d do
- Collects the pledges and doesn’t accomplish what they said they’d do
Continue reading Think Twice about Crowdfunding Technology Products