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Title: Capital 4 the Culture: Crowdfunding Essentials for Entrepreneurs
🎙️ Episode Title: Capital for the Culture: Crowdfunding Essentials for Black Entrepreneurs
💡 In this season finale of Money Sex Gen X, Eric and Big Stew break down one of the most overlooked tools in entrepreneurship: crowdfunding. From real-world stats to church collection plates, they unpack how Black business owners can raise capital without draining their own bank accounts.
You’ll learn:
- What crowdfunding really is—and why you’ve probably already done it
- The 4 main types of campaigns (reward, donation, debt, equity)
- Why video matters (105% better funding!)
- Pros and cons of launching your own campaign
- Which platforms to consider—including Kickstarter, iFundWomen, Fund Black Founders, and more
- Personal insights as both hosts commit to launching their own campaigns
💥 Whether you're funding a product, a platform, or a purpose, this episode gives you the mindset and tactics to use other people’s money to build your dream. Let’s fund the culture—together.
📍 This episode marks the close of Season 7. We’re now streamed in 63 countries and 543 cities—thank you for rocking with us!
#Crowdfunding #BlackEntrepreneurs #GenXMoney #MoneySexGenX #OPM #SeasonFinale #Kickstarter #FundBlackFounders
I. INTRO
Partner in podcasting, my brotha from
Anotha, AI mogul in the making (check out plannit AI) the Rashaeed Wallace of podcast knowledge -BIG STEW!
II. What is crowdfunding?
Crowdfunding is the raising of small amounts of capital from a large number of individuals to finance a new business venture.
It is also used to finance things such as funerals, non profit programming, tuition, etc. (church donations on Sunday are form of crowd funding)
Stew have you ever crowd funded?
III. Actual Factuals:
The average success rate of any Crowdfunding campaign is 22.4%. If a crowdfunding campaign includes a video, it is more likely to earn 105% of funding than those without a video. If a campaign raises 30% of its goal within the first week, it is more like to gain funding as expected.
https://www.enterpriseappstoday.com/stats/crowdfunding-statistics.html#:~:text=The%20average%20success%20rate%20of,to%20gain%20funding%20as%20expected.
Crowdfunding Statistics: Overview. $17.2 billion is generated yearly through crowdfunding in North America. Funds raised through crowdfunding grew 33.7% last year. There were 6,455,080 worldwide crowdfunding campaigns last year.
https://www.fundera.com/resources/crowdfunding-statistics#:~:text=Crowdfunding%20Statistics%3A%20Overview,worldwide%20crowdfunding%20campaigns%20last%20year.
IV. 3 types of crowdfunding:
Reward based, donation based and debt based, equity based
https://www.thebalancemoney.com/a-guide-what-is-crowdfunding-985100
V. Pros and Cons
https://www.hubspot.com/startups/crowdfunding-pros-and-cons#:~:text=For%20startups%2C%20crowdfunding%20offers%20many,connections%20with%20your%20target%20audience.
V. Sites for people of color / women
https://www.womenandminoritybusiness.org/crowdfunding-for-women-or-minority-businesses/
VI. Outro
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