Christopher Lustrino, Founder & CEO at KingsCrowd in this educational episode talks about equity crowdfunding, what are the major pitfalls in it and how to avoid them. He also gave a brief step-by-step guide on raising money through equity crwodfunding and shared some of the knowledge about the process that he gained while raising money for KingsCrowd.
1) Be prepared for the time frame: 4-12 weeks to go live on equity crowdfunding platform.
2) Determine how much you want to raise and at what valuation.
3) Find the platform that fits your brand and begin your own fundrasing outreach
4) Get your financials in order - before going to the crowd, make sure your financials are in order and keep them that way.