In this podcast corporate law experts Austin Flynn, Sam Price and Paul Flynn discuss what you should think about if you are considering raising funds through crowdfunding.
They discuss two different ways of raising funds through crowdfunding - advanced order/debt funding and equity release. Sam explains how it works as per Dragon's Den and Austin raises his concerns over the lack of due diligence.
They review what the FSA says about the risks for investors and also the team discuss the risks facing the business owner. They discuss the likelihood of a USA type class action, and also the very public failure crowdfunding participants could face online.
Austin touches on 2 examples of successful crowdfunding - one very recent and another one successfully delivered before people had even heard of the term 'crowdfunding'.
Finally Austin invites you to contact him to have a coffee and a biscuit to discuss your crowdfunding ideas in more detail. Contact Austin on 0131 247 1260 or email him at firstname.lastname@example.org.
Click below to listen now or download it from our iTunes page.