Entrepreneurs Speak - the Crowd Listens


CommunityBabblePic

If banks aren't an option, peer-to-peer investment (which Money&Co. believes should really be termed person-to-business, or P2B, lending or investment) could offer an attractive avenue for would-be entrepreneurs looking to bring a new idea to market, says a Guardian blogger.

The Guardian blogger argues that widespread job cuts and stricter banking terms have driven aspiring entrepreneurs into the arms of online investment communities in recent months, to the point that crowdfunding has become a mainstream means of accessing money for anyone with a good idea.

This is encouraging, if true. But it conflicts somewhat with recent research, highlighted on this website, that highlights a lack of awareness of alternative finance.

The blogger cites Edinburgh-based Ryan O'Rorke, who recently generated more than £150,000 in funding via a crowdfunding platform: "We wanted the added value, the connections, the help with marketing. The risk of seeking investment is that the due-diligence process can take months and investors could still say no at the end of it. And if you go down the crowdsourcing route you need to be ready to act once you've raised the funds. But this is a channel that's worked well for us."

* An interesting aside here is the editorial independence of the blog. The Guardian states that it's sponsored by O2, but that the content is "editorially independent". That may be. But will that independence extend to future hot topics affecting telecoms providers such as O2 – specifically the idea of preventing a two-speed internet, aka Internet Neutrality?

** Find out how to lend to small UK businesses here.



FOLLOW MONEY&CO. ON TWITTER

Search news

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More news

2019
AugustJuly
June
May
April
March
February
January
2018
DecemberNovemberOctoberSeptemberAugust
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
MayMarchFebruary

Search blogs

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More from blogs

2019
2018
2017
2016
NovemberOctoberSeptemberAugustJulyJuneMayMarchFebruaryJanuary
2015
DecemberNovemberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
2014
DecemberNovemberOctoberSeptemberAugustJulyJune



Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.