Are the Latest Financing Trends Coming to New England?

Jen Risley's picture

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Are business owners taking advantage of these Five Financing Trends for 2011 featured on Entrepreneur.com?  MBRP wants to dig a bit deeper and research how the following trends are being used in New England - and specifically in New Hampshire.

  • Crowdfunding
  • Microlending
  • Credit Unions
  • Bootstrapping
  • Slow Money

Crowdfunding

The idea for crowdfunding is simple: A large group of people come together and each person contributes a small donation to fund a project or business.  One popular site is Kickstarter which funds creative projects in the fields of music, film, art, technology, design, food and publishing.  Another example is Peerbackers created with entrepreneurs in mind. 

How Are We Using This Trend?

Now let's hear from you - have you tried crowdsourcing?  If you haven't, what keeps you from trying it out?