Challenges Faced By The Crowd Funding - 1232 Words

CROWD FUNDING As a young Indian, I always want India to be filled with people of new innovative, creative and productive ideas and thoughts. And I strongly believe that if these thoughts can be made into actions with the advancements in Information technology, it can heal India’s soaring problems like unemployment, illiteracy to an extent. But recent reports on India’s ‘ease of doing business’ rankings is very alarming. Even after 20 years of economic reforms, India slipped from 131st position in 2013 to 134th position in 2014.Among BRICS countries, India is doing the worst. And among the issues faced by Small, Medium Enterprises which includes startups, credit issues is a main concern. In a recent secondary research done by me in finding credit issues of SMEs, results showed that out of all SMEs, 92.77% have no finance or self-finance. This has really affected the growth of SMEs in India. Even after increase in number of venture capitalists/angel investors to protect new ideas, this result shows that time has been exceeded to find a sustainable solution for this issue. It is said that: â€Å"The mob rushes in where individuals fear to tread† by B.F. Skinner in Walden Two.This has proved true, with the arrival of new idea of financing: ’Crowd Funding’. Crowd funding is:†the collective cooperation, attention and trust by people who network and pool their money and other resources together, usually via the internet to supportShow MoreRelatedWhat Are The Current Health Setbacks In Healthcare840 Words   |  4 Pagespay for their medical expenditure, alternative methods of fundraising, like crowd funding, have emerged and seen rapid growth in India. Such Platforms offer fundraising assistance to cover any kind of medical treatment. While most of the patients and their families waste their precious time running behind the banks and insurance companies to get their treatment done, some people have started opting for the crowd funding, that enables them to raise money or funds from their friends, family, and variousRead MoreMan aging Information System5955 Words   |  24 PagesIntroduction 2 1.1 Definition of crowd funding 2 1.2 The history of crowd funding 3 1.3 Objectives of Research 4 2.0 Review of literatures 5 2.1 Awareness about crowd funding mechanism 5 2.2 Legal Challenges 8 2.2.1 Navigating the Prospectus Rules 8 2.2.2 Information Requirements Often Overlooked 8 2.2.3 Role of Crowd funding Platforms and Further Considerations 8 2.3 Finance Challenges 9 2.4 Interest rate 10 2.5 Success factors 11 2.5.1 Crowd funding fit 12 2.5.2 Realistic pricingRead MoreAbraham Lincoln : The Greatest Leaders Of All Time818 Words   |  4 Pagesto those he/she wishes to inspire. 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WalterRead MoreJane Miller s Purpose For Running For The Election1104 Words   |  5 Pagescounterpart, Bill White, because â€Å"he was protective of business interests and committed to keeping taxes low in Texas - even if the resulting cutbacks are painful. That gave him chances over his democratic counterpart who was more concerned about education funding and Public Utility of Texas. (Peter Hamby, CNN 2010). Texas has been known to be a Republican state for ages and I think that is the reason why Rick Perry still got a chance of winning that Bill White. â€Å"Republicans in statewide races have a built-inRead MoreMy Time At Templestowe College1919 Words   |  8 Pagesand an adaptive change in the interview process they were able to decrease turnover and employ the majority of teachers with similar ideals and perception of the future direction of the college. 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