You see the trend is very visible. Small businesses are being funded through grants and corporate partnerships. There is a lot of money flowing into small businesses. The biggest is crowdfunding but there are other crowdfunding models too. That money can go to your business or buy equipment or to you. It is all very transparent online but it can be slow to come in.
In recent years, big companies have invested heavily into crowdfunding. Some of their projects are getting funded through a lot of funding models that are just waiting for money to catch up with their companies. For example when they need something from you they will give you money to make the order. So you will see a rise in this trend.
What will the business have to look like? What does it want to do?
It will have to look similar to a large business like you know an eBay store. It could help in the advertising which you will see in your ads. That is the main idea for this startup.
Will the business have to be small or will some other big company come in and help?
It will have to start small. They will have a few employees and they will have to sell online and not use their website to generate sales. They will have to get a few good clients. So they will focus their business on the business of selling their product and they will start getting small orders of goods to sell online and then on to local markets. So the idea is that the first ones to try this concept will be the big brands but some other brands will also try it. For example, Starbucks is already doing it with their coffee pods and it is not very effective. They are making a lot of money. We could probably go with this same principle.
What will be the biggest challenge?
In the past we have seen some big companies get into all these crowdfunding schemes and they were very successful. But it is a risk as well. It is risky to invest in that space. There is a lot of good people in there and they will become successful. The big problem is finding that perfect customer. It is not that easy to find them.
Are there any other things about the startup I shouldn’t know about?
This is actually how we started off. We started off as a community with a vision. The idea is that they need to create a new business model. It may not work. But at least it will start to change the old business models. The startup is quite small and we
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