Join our Waitlist for Expert Advice!

Can Crowdfunding Work for Your Company? You may want to consider crowdfunding if venture capital and private equity are not suiting your business's financial needs.

By Eric Siu

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Eric Siu discusses ways other than venture capital or private equity to fund your business.

Siu discusses his approach to raising funding for a company he just started. Siu's started with crowd-funding with small donations through an online audience. From there, he reaches out to high-earners whose yearly income hits around $200,000. When he has nailed down this particular group of people, Siu draws up an agreement specifically that targets these potential funders.

Crowdfunding gives smaller companies the flexibility to move forward faster. Click the video to hear more about how to fund your new company.

Related: How to Follow in Nike's Footsteps When Marketing Your Business

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon Fire, Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Eric Siu

CEO, Single Grain. Founder, Growth Everywhere.

Eric Siu is the CEO of digital marketing agency Single Grain. Single Grain has worked with companies such as Amazon, Uber and Salesforce to help them acquire more customers. He also hosts two podcasts: Marketing School with Neil Patel and Growth Everywhere, an entrepreneurial podcast where he dissects growth levers that help businesses scale. 

 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Meta Fires Employee Making $400,000 Per Year Over a $25 Meal Voucher Issue

Other staff members were fired for the same reason, per a new report.

Business News

She Sent a Cold Email to Meta Judging Its Ray-Bans. Now She Runs the Wearables Division.

Li-Chen Miller is now the face of Meta's AI glasses — here's how she got there.

Business News

A Wells Fargo Worker Was Discovered 4 Days After Dying at Her Desk. Her Cause of Death Was Just Revealed.

Medical examiners have released the cause of death of Denise Prudhomme, who was found dead at her desk in Wells Fargo's Tempe, Ariz. office.

Business News

Mark Zuckerberg Does a Better Job Than His Rivals at Explaining AI — And It's Helping Meta Outperform Alphabet, Amazon and Microsoft

Meta has been using AI for content recommendations, keeping users' attention for longer periods of time.