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Would You Ever Consider Doing a Community Round?
Recently, I was asked if we would ever consider raising capital for 7 Generation Games via a community round. My answer was that I had not considered it — but now that the subject had been raised, I was interested in learning more. I mean, learning is literally the foundational core of what we do as a company. And if learning has the potential to lead to funding, even better.
So, in my quest to come up with an answer to the question “Would we ever consider raising capital via a community round?” I had to first make sure I had a full understanding of what a community round actually was.
And in keeping with our mission of not only learning but imparting that knowledge to others — typically via an educational game, but a blog works too — I am sharing the results of my down-the-rabbit-hole-of-the-internet research and discussions on community rounds.
What is a community round?
You might be familiar with a community round by the other terms it is sometimes known as: crowd equity. No matter what you call it, a community round is very similar to a crowdfunding campaign, but instead of funders backing a project, they are backing a company.
