Co-founder and chief development officer of Indiegogo, Danae Ringelmann, recently sat down with CNBC to discuss the global crowdfunding platform’s growth over the years along with its beginning failures.
During the interview, Ringelmann revealed that the funding portal was indeed rejected 90 times by venture capitalists before making its first dollar:
“With every rejection, we saw that as another reason why Indiegogo needed to exist. This is exactly the model we were trying to disrupt.”
She also offered up some advice to those looking to raise money through the funding method:
“The key to thriving and to making it all happen is to turn those obstacles into challenges.”
See the full interview below.
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