f you can identify with one of these sentences, you must have asked yourself: Where do I find funding for my project without excessive interest and annual charges?
Where do we go once the bank loan option has been ruled out because they asked for a very high interest rate, or a guarantee with our assets (or those of our parents) and to have an asset value twice the amount of money requested?
Your project or idea continues to be valid and this should not be the end but the first step on your search for crowdfunding.
First you go to your family members and try out your project with them to see if they like it and will support you financially.
Doing the same but with friends, accessing different profiles and roles; surely they will give you a greater vision and a perspective that is new and different from your initial ideas.
Afterwards you should go to the “fools”, i.e., professional investors who are not friends or family but would be willing to support your projects.
There is another “F”, Founders; the company’s founders have to put their money where their mouth is in the first place. If you don’t do it, nobody will.
At Fellow Funders we offer a less well-known route to financing but one that is leading to very good results for entrepreneurs who manage to finance their projects through this new alternative financing system: Equity Crowdfunding. he heart of crowdfunding is contributions from multiple individuals to support an idea or a project through online platforms and, with it being the "equity" type, this allows these individuals to become partners in the company with the hope of obtaining a financial gain in the future.
For the Entrepreneur, Equity Crowdfunding is a real and complementary financing alternative for entrepreneurs seeking investment for their projects.
For the Investor, it is a different form of investment to traditional methods, making it easier for any company or individual to invest in start-ups and SMEs.