Considering crowdfunding? Get an in-depth look at one new platform
Christina Hernandez Sherwood, eMed Editor, MedCity News
Looking for early-stage financing for your life science or digital health startup? Crowdfunding, in which individuals and teams can raise money over the Internet from dozens or thousands of sources in small amounts, has become a popular financing tool, according to the Kauffman Foundation’s State of Entrepreneurship Address 2013. In one million campaigns during 2011, crowdfunding platforms raised $1.5 billion, with most of the total raised in North America.
With about 200 crowdfunding platforms in the United States alone, choosing the best platform for your campaign can be difficult. The Kauffman address highlighted one such platform, crowdfunder.com, which launched last year. It serves as an example of a platform that plans to offer securities-based crowdfunding when the U.S. Securities and Exchange Commission finalizes its crowdfunding regulations. In the meantime, crowdfunder.com has been building an ecosystem of startups and investment funds through prize competitions. When securities-based crowdfunding is opened up, crowdfunder.com will leverage this ecosystem.
Learn more about crowdfunder.com, and crowdfunding in general, in the Kauffman address.
Weekly Wisdom from Kauffman is a regular feature on eMed highlighting insightful research from the Kauffman Foundation. Do you have a favorite Kauffman research insight that could help life science entrepreneurs? Send it to mailto:firstname.lastname@example.org.
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