I attended an interesting presentation at SXSW Interactive by Slava Rubin, CEO and cofounder of Indiegogo, a popular crowd-funding campaign. He basically hammered the point that crowd funding is not some kind of lottery.
Instead, through careful planning and deliberate effort, Indiegogo can serve as a platform for anyone, anywhere, to raise money for any idea.
Here’s his advice:
• There’s no right time to start a business. Just get started. Many very successful companies started during recession.
• You don’t need a lot of money to get started. Many large corporations started on just $10,000.
• Business plans are just thoughts and opinions. Don’t waste too much time making one. Instead, just go do it. Go get five customers and prove people want what you’re offering.
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