Not only do you get to retain full control of your company, but if your plan fails, you’re typically under no obligation to repay your crowdfunders. Every crowdfunding platform is different, so make sure to read the fine print and understand your full financial and legal obligations. Crowdfunding raises funds for a business from a large number of people, called crowdfunders. Crowdfunders aren’t technically investors, because they don’t receive a share of ownership in the business and don’t expect a financial return on their money.
What are 4 key types of startups?
- Small business startups.
- Buyable startups.
- Scalable startups.
- Offshoot startups.
- Social startups.
Topsound Technology raised tens of millions of yuan (CNY 10.0M is ~$1.4M) in angel funding led by CasStar and joined by Juhua Chuanxin. Topsound makes ultrasonic non-destructive testing and monitoring equipment for batteries. It targets both research and development environments as well as commercial battery manufacturing. Topsound …