Author:Venture Village

Financing with the Crowd: Indiegogo, Seedrs and Wayra Give Their Two Cents

Financing with the Crowd: Indiegogo, Seedrs and Wayra Give Their Two Cents – Part I
ELENA RUECKERT 2014-05-23 0

This week the word “crowdfunding” was added to the Merriam-Webster’s Collegiate Dictionary. Indeed, “the practice of soliciting financial contributions from a large number of people especially from the online community” has been growing significantly in popularity – especially among European startups who are looking for pre-seed or seed funding.

Here is how Jeff Lynn, CEO of equity crowdfunding platform Seedrs, sees the future of crowdfunding: “I think in Europe broadly and Germany specifically, it is going to continue to grow very significantly. I think one thing to remember in terms of crowdfunding is that, while it is still in its early days and people see it as this new thing, in ten years time it will be like e-commerce. Nobody really says e-commerce anymore. It is just commerce.”