Key Takeaways Crowdfunding platforms, like Kickstarter, can raise money from a large number of people and launch new businesses.
Five founders who got their start on the platform share their best business advice for aspiring entrepreneurs.
Want to start a business, but not sure how to finance your idea?
You’re not alone: Running out of cash can be a major hurdle for entrepreneurs — and contributes to the nearly 20% of small businesses that fail within one year of launch.
Related: This Kickstarter Campaign Just Broke the Record for Making the Most Money Ever
Fortunately, there are many paths to funding, like raising venture capital, securing small business loans and initiating crowdfunding campaigns, which raise money for a business from a large number of people who typically don’t expect a financial return on their investment.
Related: Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here’s What’s New
Kickstarter is one of the leading crowdfunding platforms for entrepreneurial endeavors: It’s helped successfully fund more than 290,000 projects with over $9 billion pledged from about 25 million backers.
Entrepreneur sat down with five entrepreneurs who used Kickstarter to help launch their businesses, all of which have generated millions, to hear some of their best business advice.
Jake Miller, founder and CEO of Fellow
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