With over 20 years in financial services, Ms. Wells is CEO of Wellsons Financial Group, an Atlanta-based firm. As a former CRA officer, she champions fair lending in BIOPIC communities. An architect of non-bank lending programs, she volunteers for nonprofits empowering underserved individuals. Ms. Wells aims to create an educated investor class, advocating self-sufficiency through tools like cash value life insurance and smart investments for wealth accumulation and financial control.
As a stakeholder at RICE in Atlanta, Ms. Wells have seen its transformative impact. RICE is a dynamic hub that accelerates business growth and fosters innovation, benefiting both my projects and the wider investor community. It's not just a center; it's the driving force behind my entrepreneurial journey, promising enduring support for myself and my community.
Investing Wealth
Founder Financing
Founder Financing is a method of raising money for a project, cause, or business by collecting small amounts of money from a large number of people, typically via the internet. It has gained popularity as an alternative financing option, allowing individuals and organizations to access capital without relying solely on traditional sources like banks or venture capitalists. Founder Financing campaigns are often hosted on online platforms specifically designed for this purpose, such as Kickstarter, Indiegogo, GoFundMe, and many others.
ou need a well-defined project, idea, or cause that you want to fund. This can include creative projects like making a film or launching a new product, supporting a charitable cause, or even seeking investment for a startup.
Clear Project or Idea
Successful founder financing campaigns often have a compelling narrative that resonates with potential backers. You need to explain why your project is important, what makes it unique, and how it will benefit supporters or society as a whole.
Compelling Story
You must determine how much money you need to achieve your project's goals. This goal should be realistic and well thought out, as it will influence your campaign strategy.
Set a Funding Goal
Key Criteria and Considerations for Qualifying for Founder Financing:
Founder Financing can provide access to capital that might be difficult to obtain through traditional means, especially for startups and creative projects.
Access to Capital
A successful founder financing campaign can validate your idea or product on the market. If people are willing to back your project, it's a sign of demand.
Validation
Founder Financing allows you to build a community of supporters and early adopters who can provide feedback and become loyal customers or fans.
Community Building
You can tap into a diverse pool of backers from around the world, potentially reducing reliance on a single investor or lender.
Diverse Funding Sources
It's relatively easy to set up a founder financing campaign on various platforms, making it accessible to a wide range of individuals and organizations
Low-Entry Barriers
Advantages
Depending on the platform (reward-based or donation-based), you may need to offer incentives or rewards to backers. For example, if your founder is financing a product, you can offer pre-orders as rewards.
Rewards or Incentives
Founder Financing campaigns require significant effort in marketing and promotion. You'll need to reach out to your network, use social media, and possibly run advertising campaigns to attract backers.