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Can’t find an investor for your startup? Try crowdfunding [Infographic]
Companies in the tech industry have now reached financial heights of being the most successful companies in the world (Apple) and attaining valuations of US$18-billion upon their IPO’s going live (Groupon).
Startups, however, have found that, as with the rest of the global economy, belts have become tighter. Venture capitalists and angel investors are no longer as willing as they once were to provide that much-needed funding.
Despite talks of a “tech bubble” in the wider industry, the problems faced by start-ups in finding funding have been so prevalent that even The New York Times has reported on it.
Facing these problems, entrepreneurs are increasingly looking to a new form of crowdsourcing, “crowdfunding,” as a means by which to finance their businesses.
G+ describes itself as “a community where the world’s most active and influential professionals, academics, and entrepreneurs connect”. In this infographic it looks at this new practice “sweeping the startup nation” asking, “are there problems in the way?”