‰ NOW 15 WPM ‰ TEXT IS FROM JULY 2014 QST PAGE 61 ‰ INTEREST. IN OTHER WORDS, YOUR BACKERS FUNCTION SOMEWHAT LIKE A BANK. FINALLY, THERE IS EQUITY BASED CROWDFUNDING WHERE IT IS ASSUMED THAT YOULL BE OFFERING SHARES IN A COMPANY YOUVE CREATED TO SELL YOUR PRODUCT. THIS IS SIMILAR TO YOUR BACKERS ACTING AS VENTURE CAPITALISTS. THE CROWDFUNDING SITES ARENT MERELY PLATFORMS FOR POSTING IDEAS AND RAKING IN CASH. THEY OPERATE WITH STRICT RULES ABOUT WHAT CAN AND CANNOT BE DONE. IN ADDITION, YOU ARE EXPECTED TO INTERACT WITH YOUR BACKERS ON THE SITES, WHICH MEANS ‰ END OF 15 WPM TEXT ‚