At ioby, we often talk about the many non-monetary benefits of crowdfunding for neighborhood projects. When local leaders crowdfund, they strengthen relationships in their community, build their own capacity to lead, and encourage the buy-in that creates lasting community stewardship, among other perks.
But there’s another important facet of crowdfunding that’s neither the money raised during the campaign, nor these types of non-financial equity. It’s this phenomenon: a successful round of crowdfunding has the power to attract other types of funding to your project.
Continue reading Gateway funding: Leveraging your crowdfunding campaign to win more money for your project