Kickstarter

standard Secrets to Successful Crowdfunding

At Swank Life, there’s nothing we like better than capitalism infused with a liberal dose of entrepreneurial spirit. That’s why we think crowdfunding is one of the swankiest ideas spawned by the Internet Age. So…have you heard of crowdfunding yet? If not, here’s the thumbnail sketch. In the past, an entrepreneur with an idea but short on funds was caught in a serious catch-22 situation. It takes money and connections to start a business but, when you’re just starting out, who has money or connections?
To complicate the money-raising matter even further, securities regulations (until recently) set a high standard for individuals wishing to invest in a small, for-profit company – either $1 million in the bank or a $200,000 income for starters. This left out a broad swath …