Any type of organization, be it an established business or a small startup would have to undergo a tough time to get funds on a timely basis. ICO (Initial Coin Offering) has proved to be a relief as startups can sell their tokens to interested investors and raise funds cost-effectively. It is quite a simple method without any cumbersome guidelines. However, it does require a bit of community building, technical expertise, and knowledge about regulatory compliance for raising funds for your business via ICO.
There are different ways for a business to receive the necessary amount of funds. They are
- Loan
- Venture capital
- Business Development Companies
- Partnership
- Crowdfunding
