Blog - The Verdict
MSB Solicitors Liverpool
MSB Blog - The Verdict
Thursday, 02 April 2015 00:00

Crowdfunding is here to stay

Mark Forman is commercial partner at MSB Solicitors in Liverpool and deals with commercial law; commercial litigation and employment matters.

As any entrepreneur will tell you, getting a business idea off the ground isn’t easy - there are challenges along every step of the way. Who are my audience and how can I best communicate with them? How can I anticipate, and importantly achieve growth? And of course, how can I finance my business through the early stages?

In 2009, a new concept grew from the US and gave entrepreneurs and business owners across the globe an alternative option for raising investment. Crowdfunding affords enterprising individuals a platform to access millions of would-be investors, and enables individuals to group together to invest into a business opportunity that they would not otherwise have been able to.

Statistics indicate that around 95% of business plans are thrown out when they reach the investment phase, with creative, artistic and charitable sectors being among the most affected. The crowdfunding model then, was much welcomed by many.
Published in The Verdict

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