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Crowdfunding and What It Entails We are in a new era, and it has come to our knowledge and understanding that no matter how we try to survive on our salaries, it is never enough for our needs and expenses, so it calls for us to look for other ways of making money and adding up to these salaries. The majority of us see the better way of making extra money is by putting up businesses, this can help you earn some profits from that particular business and compliment your salary, however, you may not be required to be at the business physically at all times so you can be in the office where you have been employed and on the other hand, your business is still moving on. Every business that is to be put up or developed requires capital and coming up with this money to have another source of income e becomes the problem, this is because not so many of have saved enough that they can use to set up a business and if they have, it is never enough at all, so this brings about a hurdle that many see they cannot pass.
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When banks and other financial institutions have declined your application and you are hopeless, you should not be disappointed because there is crowdfunding, this brings about the different crowdfunding sites that can help you get or acquire the capital you may require to start up your business or even boost an already existing business, so there is always some light at the end of the tunnel.
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However, there a variety of crowdfunding sites and we may not be able to look at all of them in this text, but we can have a closer look at some of them to understand them better, knowing what they all entail and how they can help one get the capital needed and what their terms and conditions are in the same way. If we may start with the Angel-list as one of these crowdfunding sites, which is a huge network of syndicates who are responsible for taking care of the costs that may be incurred as you join the platform since they do not want you who is looking for capital to come and start paying for other thins, they do this for you as you create your business profile, after which they will analyse it and give you feedback on the same. Onto the other crowdfunding site which is the Crowdfunder which is a lot like the other crowdfunding sites but the difference is that instead of taking some amount from the money raised by the inventors for you, they place a flat monthly fee which you will cater for.