While crowdfunding would still be possible without social media, the availability and ubiquity of social media definitely makes it easier to reach the number of potential investors which crowdfunding requires to be a useful tool in a startup's capital raising toolbox. However, some of what makes social media so well suited to crowdfunding becomes a negative when looked at in another light. This article analyzes social media's relationship with crowdfunding, both for good and for ill.
- Summary by FizzLaw Team
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Crowdfunding and social media: is it a symbiotic relationship?