All-or-nothing funding is the approach of funding at KraudMob.
It has a number of advantages:
- It’s the first proof of your idea behind the App. If you can’t involve enough people to fund the project it might be a sign that you’d have troubles getting paying customers when the App is ready.
- It’s less risky for everyone. If you need $10000, it’s tough having $2000 and a bunch of people expecting you to complete a $10000 project.
- It motivates. If people want to see a project come to life, they’re going to spread the word.
Posted in: Basics