What is the idea?
This weeks startup idea is about establishing a crowdfunding platform for budding authors to crowdfund their books. It will have a publishing house which will publish the successfully crowdfunded books and share the profit with the author.
According to an estimate, crowdfunding campaigns raised USD 34.4 billion in the year 2015. Some other interesting facts on crowdfunding are:
a. Based on a report by researchandmarkets.com, global crowdfunding market is expected to grow at a compounded annual growth rate of 26.87% for the period 2016-2020; and
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