Cryptocurrency and Crowdfunding—a Perfect Match? This Fundraising Company Thinks So
These days, it seems that entrepreneurship is more popular than ever—and this trend isn’t going away. In fact, a 2017 Gallup study found that approximately 40 percent of students in fifth through twelfth grades plan on one day starting their own business or inventing a new product.
The problem, as always, lies in acquiring the funding necessary to turn those great ideas into viable companies. While crowdfunding platforms have churned out several success stories, the most recent findings from Statista reveal a surprisingly low success rate—less than 36 percent of all projects are fully funded, meaning the majority of individuals who use these platforms walk away without the finances they need.
So how do would-be entrepreneurs overcome these financial challenges? CoinStarter, a blockchain-based fundraising company, seeks to help innovators receive the financial backing they need and launch their own successful coins through cryptocurrency fundraising.