In today’s video I’m speaking with Chris Prendergast, founder of Jamstack. As someone who has raised cash in the past from investors but also had a very successful crowdfunding campaign too, Chris had some great insights into the pros and cons of using crowdfunding instead of venture capital or a loan. We had a great discussion about why crowdfunding is such a great way to solve cash flow and inventory financing problems faced by so many entrepreneurs. We also dive into why even as a seven figure, established brand, Chris has decided to launch another crowdfunding campaign on Indiegogo. Some of the things we discuss: – crowdfunding vs venture capital, high interest loans and other debt – how to use crowdfunding to fund tooling, engineering, inventory, branding and other assets – why money spent on inventory is a wasted cost! – additional benefits of crowdfunding (SEO, PR, and excitement) – why your second crowdfunding campaign is easier than your first – the downsides and potential pitfalls of crowdfunding ••••••••••••••••••••••••••••••• To find out more about Jamstack please visit https://jamstack.io/ ••••••••••••••••••••••••••••••• Other videos you might enjoy:
