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404 Two Startups Test Crowdfunding as Venture Dollars Dry Up

The Information
Kalley Huang @ The Information · 11/07/2023 18:12 EDT

Two Startups Test Crowdfunding as Venture Dollars Dry Up

As funding for creator economy startups has dried up, some companies are turning to unconventional means to raise money. In March, the newsletter platform Substack raised $7.8 million in what it called a “community round,” inviting its writers to invest in the company. Now, more startups are following in its footsteps.On Tuesday, Gigmor, which connects independent musicians with event bookers and fans, opened its crowdfunded round to the public. The round, which is hosted on the crowdfunding platform WeFund

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