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If you are looking for venture capital, what can you do to find that capital online? Fortunately, there are many resources available for those who are looking to get the money that they need to start a business or take their business to the next level. If you know where to look, raising capital can be easier than you think.
Talk to a Business Consultant to Find Out Where to Go
A business consultant may be able to steer you toward the venture capital sites that are willing to provide money to those who are just starting out. While you may not be able to attract the attention of a large venture firm, you may be able to attract a wealthy investor who is interested in working as a private citizen to help you build your company. Alternatively, you may be able to find crowdsourcing sites through your consultant that make it possible to find several smaller investors that are willing to pitch in to build your idea.
Start Your Own Fundraising Site
Adding a fundraising tool to your blog or website can make it easy to attract donations to help your company grow. The good news is that many online tools do not require that you know how to code before you add it. All you need to do is copy code from another source and drop it into your site. From there, the fundraising application will do the work for you. You can get money from people in your local area, throughout the country or throughout the entire world.
Offer Rewards to Encourage Donations
You can offer rewards to your donors to make it more likely that they will donate. For example, you can offer a company t-shirt to those who donate $5 or a finished version of the product that your company is making in exchange for $50. Those who donate $100 or more could be eligible to tour your facilities or have dinner with you. Depending on what you are making or how popular your company already is, you may be able to capitalize on your fame to encourage those donations.
Play up the Tax Deduction People Get
If your company is a nonprofit group, it may be possible for those who donate to your cause to tax a deduction on their taxes. This means that they get to help a worthy cause and get to lower their tax burden at the same time. Making others aware of this fact can significantly increase donations to your group. However, do not tell people of this possibility unless you know for sure that donors can get that deduction as this could be against the law.
Raising capital is easier to do thanks to the Internet. You can cozy up to venture firms or ask regular people to donate to your cause of allowing your company to grow and thrive. Over time, you may be able to offer equity to those investors, which will allow them to earn a return on their capital.
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