Limitations Of The Current Models Of Crowdfunding

Limitations of Crowdfunding The Idea:

This model of Crowdfunding requires access to certain infrastructure that may not be available to all potential users. This infrastructure includes legal structure, website, business plans, product prototype, marketing video, presentations, and viral distribution systems. The Idea also needs to be conceived and requires a well-articulated story to explain.

The crowd (donors) must relate to and approve of the Ideas before they can support the campaign.

Limitations of Crowdfunding The Need:

In this model of Crowdfunding the Crowd must empathize with, or approve of the need before they act to support the campaign. Without empathy, there is no compelling reason to give money or support the campaign.

In addition to these limitations, users and potential beneficiaries of Crowdfunding are inhibited from effectively promoting campaigns due to a lack of resources, privacy concerns, personal pride, or the fear of failure of the campaign