05 April 2013

Crowdfunding Update

I've posted here and here with links to podcast interviews with folks engaged in the finance side of crowdfunding. But what about the distribution side? After all, regardless of where a business gets the money it needs to operate, ultimately it needs to sell stuff (at least if it's in the manufacturing line). But shoe-string start-ups like businesses that finance through crowdfunding generally don't have the necessary distribution skills.

In steps Outgrow.me; you can read an article about it in The Economist here. As the article puts it, "Just a few months after launching, Mr. Fellig and a partner opened a warehouse in Brooklyn. A few employees and some temporary staff help send out orders containing dozens of different products."

Seems like a great idea. Wonder where Fellig got Outgrow.me's money?

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