Part of funding portal member: truCrowd, Inc.
Can I raise more than the established amount?
Last Updated: Jan 04, 2016 23:16

Once the targeted amount is raised, the offering is closed and cannot receive any new investments.

The entrepreneur must determine a minimum target amount and work diligently to accomplish that goal. If the campaign reaches 100% of the minimum target amount, the company will receive the money. If it doesn't succeed, it will receive nothing.

If the campaign is set up to accept over subscription the entrepreneur has to set the maximum amount he will accept from oversubscribed pledged. In this case the company can keep all the money raised on top of the minimum target amount.

When deciding to accept over-subscription the entrepreneur has to show reliable planning including the use of funds.
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