What is Crowdcube?
Crowdcube seems to be the new player in the game of investment, and has made quite an impression with budding entrepreneurs across the UK. Entrepreneurs can submit their businesses onto the Crowdcube website which will then be viewed by hundreds of 'investors' online. It is a very simple but effective way of raising finance, especially for young businesses that are trying to get off the ground.
According to the Crowdcube website, "Crowdcube gives the UK's best entrepreneurs and business pioneers a newfangled way to raise business finance by tapping into a 'crowd' of like minded trend-setters willing to invest smaller amounts of cash in exchange for rewards and a stake in their business."
The beauty of Crowdcube is that little equity can be sacrificed, and you do not have to experience a divorce of ownership or give away business votes. Investors may invest as little as £10 in your business, but you may be wondering how that is ever going to pay your web hosting fees or buy that office space...? The trick with Crowdcube is that it exposes you to a large number of eager investors looking to make some money from new start-ups, so the more £10 investments you get the closer you are to funding your business properly. Crowdfunding can not only be used to raise money but also gain feedback and publicise an idea, project or business.
So how do I raise investment using Crowdcube?
You simply create an online pitch and upload it to the website. Once this is done you promote, promote, promote to whoever will listen - i.e. friends, family, colleagues & customers. Spreading the word will attract investors from far and wide, allowing you to meet your investment targets and get cracking with business!
What is Crowdfunding?
'Crowdfunding is the new way for a community of like minded people to network and pool their money and knowlege together, Crowdcube provides a platform for entrepreneurs of start-ups and established businesses to connect with potential investors.' - Source: Crowdcube 2011
How do I get started using Crowdcube to raise finance for my business?
Simply visit www.crowdcube.com and follow the instructions on their website!
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