Does crowdfunding a business really work?

Nowadays, with the internet and social media in full swing, countless other avenues for businesses and business processes have opened, avenues that very few people would have thought of. For this blog, Tyler Tysdal focuses on raising capital for a company via crowdfunding.

When an entrepreneur raises capital for a company, it can be for a startup or expansion later on. There are many ways in which to acquire funding for a company. Tradition dictates that entrepreneurs ask from investors who can be anyone they know from family to friends to venture capitalists to banks and creditors.

However, over the past few years, a growing number of companies have found an alternate source for funding – crowdfunding. The internet and social media have made it easy for entrepreneurs to reach out and spread their message to like-minded individuals who wish for the business to succeed.

Tyler Tysdal Working with Crowdfunding

Tyler Tysdal has already explained in previous blogs just how wide a reach social media can have. And even with business owners asking for a small donation – if it’s given by hundreds, or maybe even thousands of people, the total amount could well be more than enough to fund a company’s needs.

While traditionalists frown upon crowdfunding as a source of financial capital, the results cannot be denied. In fact, crowdfunding has not only worked for businesses, but it has also provided much-needed financial help towards humanitarian causes, philanthropic endeavors, and artistic projects, to name a few.

Prior to Platte Management and TitleCard Capital, Tyler Tysdal in 2010 co-founded CCFO, a multi-family office that manages over $700 million in assets. In early 2015, Mr. Tysdal sold his interest in CCFO. From 2007 to 2010, Mr. Tysdal was the Managing Director of a single-family office with over $1 billion under management. For more business insights, visit this profile on Crunchbase..