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Funding Site to Designers: Leave the Business End to Us

Byco Screenshot | Source: New York Times
By
  • Imran Amed

"Byco combines old-fashioned capitalism with crowd-funding principles. But instead of a perk, investors receive 10 percent of sales, depending on how much they put in. And the designer, who receives 20 percent of sales — or 30 percent if he or she is the sole investor — doesn’t have to deal with manufacturing, distribution and sales."

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