Business Administration - Management FIS403 Lecture Notes - Indiegogo, Accredited Investor, Jumpstart Our Business Startups Act
21 Nov 2013
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Danny bradbury, special to financial post may 28, 2012 9:32 am et | last updated: may 28, 2012 1:37 pm et. Raymond loo is milking the crowd for all it"s worth. The cattle farmer from prince edward island has been using crowdfunding to pre-sell his beef and rebuild his business. People don"t have the resources to finance a project on their own. But they do have large social networks to help them". He raised more than ,000 from selling his beef via indiegogo. The buyers" payments will finance the purchase of 12 or 13 cattle in mid-may. Mr. loo, whose cattle headcount collapsed after the mad cow epidemic in 2003, hopes to repopulate his herd with the help of crowdfunding. Crowdfunding, which started out mainly as a way for writers, film makers, artists and musicians to raise money, is shaping up to be the next big financing model for entrepreneurs and the model is rapidly evolving.
