How to Set Your Crowdfunding Goal

In setting your crowdfunding goal, create a list of needs for growing your business.

From this list, create an overall fundraise goal. 

Break the goal into three stages.

Set the first stage relatively low, as the initial funding is the most difficult.

Focus on family and friends to fund this stage.

Set the second stage target to reach your minimum fundraising goal.

This is the amount you need to implement your core growth plan.

Set the third stage target to reach your maximum fundraising goal.

This is the amount you need to fully install everything on your growth plan.

Stick to the fundraise plan and avoid overfunding as it causes dilution.

Keep your list of needs in mind, so you fund the most important elements of your growth plan first. 

Remain flexible in deploying your growth strategy as funding comes in fits and spurts and is rarely a smooth and steady flow. 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

---

Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/ 

For Feedback please contact info@tencapital.group  

Please follow, share, and leave a review.

Music courtesy of Bensound.

Copyright (c) 2024, Hall Martin and investorconnect.org. All rights reserved.

Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.