Moguls Magazine Quarterly Issue 2 Fall 2014 COLLECTORS EDITION | Page 13

CROWDFUNDING Made Simple Yolanda Williams 3 CROWD FUNDING TIPS Have you heard? You can get your business started, your project funded, and your dream advanced all without a bank loan, a government grant, or a tin cup. Want to know more? Crowdfunding; where lots of people contribute small amounts of money to help fund a start-up, a project, or a social cause. The crowdfunding industry is global. There are literally millions of projects being successfully funded as you read this article. What about you? In 2014 crowdfunding is expected to finish off the year nearing $10 billion in online funding. To me that sounds like opportunity knocking. There are a number of crowdfunding platforms to choose from. In fact within the USA alone there are over 450 crowdfunding platforms. While Kickstarter.com and Indegogo.com are the largest today, Atlanta has its own female entrepreneur who launched Kenectit.com in December 2013. Kenectit’s niche is supporting start-ups, creative projects, and social causes that have community impact. They offer guidance and support services from beginning to end to help with the planning and technology used to run a successful campaign. www.BlackMogulsMagazine.com 11