What are some funding options for bootstrapped startups?
An example of an AI chatbot conversation about funding options for bootstrapped startups.
What are some funding options for bootstrapped startups?
Bootstrapped startups often rely on personal savings, revenue from sales, and crowdfunding. Have you considered any of these?
I've thought about crowdfunding. How does that work?
Crowdfunding involves raising small amounts of money from a large number of people, typically via online platforms. You present your idea and set a funding goal.
What platforms are best for crowdfunding?
Popular crowdfunding platforms include Kickstarter, Indiegogo, and GoFundMe. Each has its own focus and fee structure.
Are there any risks associated with crowdfunding?
Yes, risks include not reaching your funding goal, potential backlash if the project fails, and the need to deliver on promises made to backers.
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