We welcome Joe Peterson from the PACE SBDC – Small Business Development Center Office for this conversation explores the concept of crowdfunding as a means of accessing capital for businesses. The speaker emphasizes the importance of viewing funding as a mix of different options, including crowdfunding. They discuss three main types of crowdfunding: donation crowdfunding, rewards-based crowdfunding, and investment crowdfunding. The speaker highlights the power of storytelling and community-building in crowdfunding campaigns. They also provide resources for further education on crowdfunding and discuss how different industries may be better suited for different crowdfunding methods. Lastly, they discuss how a successful crowdfunding campaign can demonstrate traction and interest to traditional lenders.
Host
Hosted by the Farmingdale SBDC’s Business Breakthrough | New York Podcast. The Farmingdale SBDC is part of the New York Small Business Development Center (SBDC) network of 20 campus-based centers and outreach offices located across New York State.
Funded in part through a Cooperative Agreement with the US Small Business Administration. Training collaboration does not constitute an expressed or implied endorsement by the NYSBDC and SBA of the presenter(s), their organization(s), and/or their products and services.
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