Some of the more unusual capital –raising strategies exercised by entrepreneurs this past year prove that entrepreneurs that make a creative effort to find angel investors can successfully attract capital for their business.
An independent café and bookstore in Brooklyn, NY garnered 144 local investors who contributed capital when the owner turned to the community with her venture proposition. Faced with accrued fines that would have resulted in a loss of the store’s license to serve food and beverages – and thereby necessitating it to close down – the owner of Vox Pop in Brooklyn petitioned neighbors at town hall meetings for help. She netted $64,000 from local investors who wanted to make sure their neighborhood shop stayed open.
Original Article: Entrepreneurs found unique ways to attract funding in 2009
