Follower Funding
Follower Funding is a concept where startups receive funding not just from traditional investors but also from their customers or users, often through platforms like Kickstarter.
Benefits
Follower Funding helps startups get money without big loans. It also builds a community of supporters who believe in the project.
Frequently Asked Questions
What is the concept of crowdfunding?
Crowdfunding is when a lot of people give small amounts of money to support a business or project. It helps turn ideas into reality.
Is Kickstarter a crowdfunding platform?
Yes, Kickstarter is a website where people can fund projects they like. It`s a way to get money from people who support your idea.
Does Kickstarter require a bank account?
Yes, to receive money from Kickstarter, you need a bank account. It`s where the raised funds go.
Key Takeaway
Follower Funding is a modern way to raise money. It combines traditional investing with the power of community support.