If you need more than $100,000, you better have a great idea, a huge social network and a team to support your effort. If not, you need to wait for the JOBS Act to kick in and then use equity crowdfunding
Tampa, FL (PRWEB) March 08, 2014
Crowdfunding expert Kendall Almerico's Entrepreneur.com column "Take a Step Back. Set a Realistic Goal for Your Crowdfunding Campaign" gives tips to crowdfunders on setting a realistic goal for a rewards-based crowd funding campaign.
"It's important to create a budget for a crowdfunding project that is attainable," the crowd funding expert says. "But don't underestimate the expenses involved like the cost of rewards, the expense of packaging and shipping rewards, any marketing expenses and, most importantly, the crowdfunding platform fees and credit card processing fees, which will generally cost about 10 percent of the total amount raised."
Almerico says in the Entrepreneur article, "If you need more than $100,000, you better have a great idea, a huge social network and a team to support your effort. If not, you need to wait for the JOBS Act to kick in and then use equity crowdfunding, where you will be able to sell stock in your business. Less than 2 percent of Kickstarter crowdfunding campaigns successfully raise $100,000 or more."
About Kendall Almerico
Kendall Almerico is a crowdfunding attorney and JOBS Act attorney with who is considered one of the top crowdfunding experts and influencers in the United States. In 2014, Mr. Almerico was named #17 on VentureBeat's Top 30 most influential leaders in the crowdfunding industry. Mr. Almerico and his crowdfunding websites have appeared in USA Today, Forbes, Washington Post, Washington Times, Huffington Post, the New York Daily News, Business Insider, Fox Business Network and hundreds of newspaper, blog, radio and television interviews including CNN, CBS, ABC, NBC, FOX and The Sean Hannity Show.
Mr. Almerico is CEO of Fund Hub (http://www.FundHub.Biz) a web site created by securities lawyers to provide compliance and due diligence services for broker-dealers, issuers, investors and equity crowdfunding portals in connection with Regulation D offerings, JOBS Act offerings and other securities offerings.
Mr. Almerico is also the CEO of ClickStartMe, a crowdfunding site that provides individuals and businesses with an easy-to-use website to raise funds through online crowd funding.
Mr. Almerico is also the founder of Crowd It Forward, a charity-based crowdfunding site that performs “Random Acts of Crowdfunding” and raises money for people in need through a 501(c)(3) charitable foundation.
Fund Hub (http://www.FundHub.Biz) provides compliance and due diligence services for broker-dealers, issuers, investors and equity crowdfunding portals in connection with Regulation D offerings, JOBS Act offerings and other securities offerings. Fund Hub combines securities industry expertise with state-of-the-art digital tools to affordably provide compliance services and assistance to those raising capital or investing in businesses. Fund Hub fills a significant need in the securities and private financing industry by allowing broker-dealers, investors and issuers to have an economical alternative to compliance service provided by traditional law firms or online companies without the securities industry expertise required for effective SEC compliance.
Kendall Almerico is available for interviews. Contact him at Media(at)FundHub(dot)Biz or call 813.410.4658.