# All you need to know to get started on Crowdfunding
**URL:** https://community.jupiter.money/t/all-you-need-to-know-to-get-started-on-crowdfunding/2004
**Category:** Fintechs
**Created:** [10 December 2020 06:04 UTC](https://community.jupiter.money/t/all-you-need-to-know-to-get-started-on-crowdfunding/2004 "2020-12-10T06:04:32Z")
**Posts on this page:** 6
**Page:** 1
### Author:  [@sahil-sorathiya](https://community.jupiter.money/u/sahil-sorathiya)
#### Post date: [10 December 2020 06:04 UTC](https://community.jupiter.money/t/all-you-need-to-know-to-get-started-on-crowdfunding/2004/1 "2020-12-10T06:04:33Z")
**What is crowdfunding?**
To put it simply, its is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.
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### Author:  [@sahil-sorathiya](https://community.jupiter.money/u/sahil-sorathiya)
#### Post date: [10 December 2020 06:05 UTC](https://community.jupiter.money/t/all-you-need-to-know-to-get-started-on-crowdfunding/2004/2 "2020-12-10T06:05:30Z")
**Why should you get started?**
**Learnings:**
- It’s literally a shortcut to years of collective learnings in different geographies, different sectors!
- Imagine it as tuition fee for learning.
**Impact / Fulfilment:**
- It’s fulfilling to work around entrepreneurs who are full of optimism and energy. It’s contagious.
**Returns:**
- It’s one of the best asset class in the west & hopefully across the world soon (except bitcoin which we can say in hindsight)
- Returns are ruled by not so intuitive as the power law
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### Author:  [@sahil-sorathiya](https://community.jupiter.money/u/sahil-sorathiya)
#### Post date: [10 December 2020 07:24 UTC](https://community.jupiter.money/t/all-you-need-to-know-to-get-started-on-crowdfunding/2004/4 "2020-12-10T07:24:03Z")
**Prerequisites to get started:**
To be precise:
1. Credit Card
2. A self-declaration (online form) that you are an accredited investor
3. An account in one of the crowdfunding platforms (like Seedrs / Republic / Crowdcube)
4. $10
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### Author:  [@sahil-sorathiya](https://community.jupiter.money/u/sahil-sorathiya)
#### Post date: [10 December 2020 07:28 UTC](https://community.jupiter.money/t/all-you-need-to-know-to-get-started-on-crowdfunding/2004/5 "2020-12-10T07:28:52Z")
**My Personal experience**
So after starting in October 2018:
- 40% of all my savings are invested in startups
- 16.5% up at avg holding period so far is around 1 year
- 6X returns on my best investment followed by 3X
- 5 follow up rounds raised, 1 down round so far
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### Author:  [@sahil-sorathiya](https://community.jupiter.money/u/sahil-sorathiya)
#### Post date: [10 December 2020 07:32 UTC](https://community.jupiter.money/t/all-you-need-to-know-to-get-started-on-crowdfunding/2004/6 "2020-12-10T07:32:01Z")
**How should You start?**
Write a **Hypothesis** and test out:
1. Write about Why you want to invest in the company
2. Track the progress of the company via quarterly updates
3. Validate/invalidate your hypothesis
4. Refine your thinking process
5. Repeat!
**My advice: Invest with a purpose and reason!**
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### Author:  [@sneh.baxi](https://community.jupiter.money/u/sneh.baxi)
#### Post date: [9 April 2021 09:27 UTC](https://community.jupiter.money/t/all-you-need-to-know-to-get-started-on-crowdfunding/2004/7 "2021-04-09T09:27:38Z")
A thread on investing in startups (both sides of the coin)!
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And this one talks more about the risks, perils and reasons to stay away
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