Crowdfund Investing For Dummies

Chapter 14

Knowing Your Options If Your Plans Go Astray

In This Chapter

Deciding to cancel a project post-funding

Stopping your campaign midway

Figuring out the best way to postpone your plans

You spend three months (or six months or longer) conducting research so you can carefully craft a watertight business plan. You spend a month writing said plan and vetting it with people who know a thing or two about running a business. You investigate how to protect your intellectual property before presenting it to the world. You emerge with a concept, a set of goals and milestones, and financials that you feel confident will be solid for the first year or more of operation. You run a crowdfund investment campaign to raise a portion of the funding necessary to support your plan, and you succeed. Things are really going your way!

Then, one day, you get a call or e-mail or text that makes the hair on the back of your neck stand up. Maybe someone has spotted an ad for a new product coming to market that makes your product obsolete. Or your manufacturing facility flooded, and all your shiny new inventory is floating across the warehouse floor. Or your lawyer has determined that a cease-and-desist ...