How Much Should We Spend on Crowdfunding?
- October 26, 2017 at 3:41 pm #175279
How do we decide how much to invest in a beautiful thing or a friend’s new album? I realized there were several ways of approaching crowdfunding, and each one might result in a different type of crowdfunding budget:
I think that a lot of our crowdfunding support—especially the type that is is less about products/services and more about helping people achieve expensive dreams, like studying abroad or taking unpaid internships—comes down to wanting to show that we care about our friends and family. When one of our friends asks us to contribute to one of their friends who has just lost everything in a house fire, for example, we might contribute because because that person matters to someone who matters to us. Crowdfunding is a way of community-building and sharing resources with people in your social circle—whether they’re facing an unexpected medical bill or helping engineer a beautiful new product.
All of this is to say that the crowdfunding in my life tends to fall into a few different categories: sometimes it is more like a donation to a cause, sometimes it’s more like giving cash to someone who I know really needs it, and other times it’s like putting my money towards the kind of things I want to exist. My crowdfunding expenses are irregular enough that I’m still trying to figure out how to budget for them, so I’m curious if there are Billfolders who include crowdfunding in their budgets—and how they decide which projects or causes to fund.October 26, 2017 at 5:34 pm #175280
I’m not sure that you’ll get much of a response here as most of the posters are startups who are unlikely to have much spare cash to invest in other’s crowdfunding schemes.
Ian Johnston - Factoring Solutions --- Independent Factoring Broker for growing SMEs --- Discover my free factoring negotiation service that tailors solutions and protects your UK business. --- Call me today on 01827 707 680December 28, 2017 at 2:39 pm #176064
I invest only free money
Interested in innovations, startups. Have own food business.December 28, 2017 at 9:36 pm #176072
I am not greedy if a startup is really interesting and worth a solid investment.