Is crowdfunding the way to go for all new companies? No, but it's clearly a good model for some.
Crowdfunding seems to work well when you've already got an experienced team, have an advanced prototype of your product/service, and just need funding to scale up that prototype.
If you've got an inexperienced team, an MVP-style prototype, and could use extra guidance and support, then going with crowdfunding would probably end up being problematic.
Crowdfunding seems to work well when you've already got an experienced team, have an advanced prototype of your product/service, and just need funding to scale up that prototype.
If you've got an inexperienced team, an MVP-style prototype, and could use extra guidance and support, then going with crowdfunding would probably end up being problematic.