Advice on crowdfunding from Indiegogo founder Rubin

Slava Rubin CEO at IndiegogoI 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.

Read More at Pacific Business News

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