Here are four reasons why successful entrepreneurs should consider investing in new ideas via crowdfunding:
1. An opportunity to pay it forward
No entrepreneur has succeeded without a little help along the way. You have a responsibility to support other entrepreneurs in the form of donations or equity investments to champion the growth of new ideas.
2. A contribution to job growth
In supporting new startups, you're fueling job creation by helping startup leaders to bring on more talent. Whether you choose to fund a startup during its first round, to help build momentum, or during subsequent rounds to build out its team, you're contributing to the development of new jobs either instantly or in the future.
3. The opportunity to grow your own network
Other entrepreneurs are the most valuable assets you can have in a network. By connecting with idea supporters and dreamers, you gain access to people who can help support your entrepreneurial endeavors, and vice versa.
4. The connection to investors
When you become an investor, you can better understand the insecurities, questions and expectations they have about startups. These are insights you can learn only by taking off the entrepreneur hat and putting on the investor one.
If you're in a position to start investing, go for it. Websites such as AngelList, Wefunder and Crowdfunder connect accredited investors with emerging startups that need financial backing and make it easy to find a potential fit.
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