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Flip Electrical Bicycles Crowdfunding Site Discussion

 

Crowdfunding sites, such as Kickstarter, have changed the ways potential entrepreneurs raise capital. For background on crowdfunding, please refer to the articles on this site: http://www.entrepreneur.com/topic/crowdfundingLink… to an external site..

Please take a minute to review some of the projects on one of the crowdfunding websites, such as Kickstarter (https://www.kickstarter.comLinks to an external site.). Please select a business concept that is being pitched on one of these crowdfunding websites (do not select somebody that is trying to raise money to pay medical bills,  “save” a business, or other “donation” requests) and discuss the following:

Identify the company that is using a crowdfunding strategy and describe its product.

Explain how this product is different than what is currently on the

Discuss the advantages of pursuing a crowdfunding strategy, as opposed to typical financing (loans from family or friends, personal bank loans, or credit cards).

Analyze the information being provided to the potential investor. Is there additional information that you would have liked to have seen?

Evaluate the crowdfunding campaign thus far and state whether it has met its goal (and why you believe it has), or explain whether you believe the company will or will not meet its

Explain whether you would invest in this company and provide your reasoning.

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