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Mitchell Tsai
Want to Raise Money With Crowdfunding? Consider These Tips [Catherine Clifford, Entrepreneur - 4/4/12] - http://www.entrepreneur.com/article...
Want to Raise Money With Crowdfunding? Consider These Tips [Catherine Clifford, Entrepreneur - 4/4/12]
Small startups *always* make mistakes. So many have to be restructured to handle previous problems. At one point, I asked one of the oldest-longest-experienced VCs in Los Angeles (26 years in VC) whether he ever had worked with a startup that didn't have these problems. - Answer: "No" - Mitchell Tsai
P.S. Silicon valley "Angel/Venture Capital" investing is not suitable for 99+% of projects. (1) Is your project so hot & vulnerable to being beaten to the market that you are willing to take out a loan at 40% interest/year? (2) Do you need the expertise/connections of a specific someone who does investing, that you can't hire/pay? (3) Are you someone that wants to make a "big" project; e.g. some people would be happy with a small 1-10 person company that makes $500,000/yr, but angel investors may want a bigger return. - Mitchell Tsai
Personally I like the microloan idea better than the microfunded-grant idea. More leverage for your money because you can repeatedly loan the same $25 until someone fails to pay it back. Exceptions to the "loan" which work as grants are (1) Projects not designed to be economically self-sustainable; e.g. feeding the homeless (2) Crowdfunded purchases; e.g. a dance performance you attend, a Dungeons & Dragons poster - Mitchell Tsai