SA Crowdfunding Blog

Monday, 12 November 2012 13:49

Crowdfunding Mistakes - What can we learn?

Over the first five months of operating we have seen very healthy number of entrepreneurs adding their projects here on StartMe. Showing the real power of crowdfunding we have also seen three entrepreneurs receiving full funding to get their business ideas of the ground. These are businesses that may have otherwise not been able to get started and for many of you this holds exiting prospects going forward.

We have also however seen a large number of projects not funded by the crowd. Somehow many project creators seems to expect that simply by posting a few paragraphs and picture on the website it will result in money flowing in. If this is your approach to starting a business and you feel that minimum effort equals large rewards then it not surprising that those who invest on crowdfunding websites such as this was not at all convinced by either you or your idea.

So I want to highlight some of the biggest mistakes project creators make here to make sure you don’t make the same mistakes.

Some of the biggest errors include:

Published in SA Crowd Funding Blog

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