“More cash-strapped small businesses turning to crowdfunding”
November 12, 2019
“Most people think of GoFundMe as a way to raise money for medical debt, funeral costs or natural disaster relief, but the crowdfunding website is increasingly used by struggling small businesses, says CEO Rob Solomon.
Thousands of small businesses, ranging from comic-book shops to drive-in movie theaters, have opened campaigns across 19 countries, The Wall Street Journal reports...
Unlike on other crowdfunding websites, GoFundMe organizers are able to cash out all of the money they raise, minus a 2.9% credit-card processing fee, regardless of whether they reach their goals…”