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Funding

Money may be the root of all evil, but it is also the most necessary of all evils. Now, you’ll need to secure those dollars for your project. If you need to create accounts, round up investors, or apply for grants or fellowships, there’s no time like the present. Set up crowdfunding accounts, take a trip to the bank, or start saving. Once the desired funding source is identified, it is important to properly prepare for that. Each type requires a specifically formulated plan to achieve success. For example, bootstrapping while already heavily laden with personal debt would make things difficult if not outright impossible. Yet, a small company that is still trying to define itself would not prepare to meet with venture capitalists until further along in their growth.

Ladyada's Take

Crowdfunding pros and cons - we talk about some successful maker funding campaigns and some that burned out, what are patterns of success. Organic sales pros and cons.

Resources

We help creators launch with the funding and support they need to deliver thoughtfully crafted products to delighted backers.

In this article from bolt.io, Chris Quintero talks about what ...

Sometimes the best lessons are from failed attempts …

Make sure you find what will work best for you.

Crowdfunding is not as easy as you might think. Luckily here is a link to a handbook that helps take you through the process.

Our friends at Bolt explain the types of debt financing. Aside from raising money from equity (and convertible debt), there are four common types of debt that hardware companies lean on: crowdfunding ...