Bail projects are an emerging technology, which have become a way of raising funds for social entrepreneurs, the makers of projects that help people in their everyday lives.
But there’s a problem with them, according to one UK business that’s using them for crowdfunding.
The project, called The Bail Project, has raised just over £1m to date, but with the funding it’s already surpassed its target of £50,000.
But that’s only because people have been buying into it.
The Bail project is being run by the crowdfunding platform Crowdcube, and it’s set up in the hope of making a quick buck from selling its crowdfunding service to anyone willing to buy a £10 loan to invest in a project that helps people.
“The Bails are very simple,” Crowdcube’s co-founder, Peter Smith, told Business Insider.
“We’re selling the platform to individuals and companies and that’s the end product.”
The Bees, he says, are designed to be self-sustaining, meaning they’re unlikely to run out of money.
But what’s more, the company is looking for anyone willing and able to invest their money into a project.
“We’re not looking for a big corporate or investment bank, or someone with a huge bank account,” Smith said.
“You can get this through crowdfunding and that doesn’t involve any real capital investment.”
The project is looking to raise £10,000 in a week by taking deposits of £5,000 and selling the fund as an investment product.
If the investment amount reaches its target by the end of the week, Crowdcube will then distribute £50 in dividends to the investors who took part in the crowdfunding.
“It’s a really simple thing.
It’s not a huge investment,” Smith added.
“The only thing is it’s a lot of money, and we’re going to be able to get the cash flow back out of it.”
The fund is a new concept that is being launched with a series of small, focused, individualised Bail crowdfunding projects, all backed by Crowdcube.
It is, however, a product that can be used for any amount of money and that could mean a big payday.
The company has already raised over £2m from people who have taken part in Bail Projects, but it’s still a very small number.
Smith says the project is aiming to raise another £5m over the next week.
“People are really interested in Bails,” he said.
A small group of people, Smith says, has made a small profit from the Bails.”
People are looking for this as a way to give back, to help them, and to be an asset to a community, so we’re doing this because people want to do something.”
A small group of people, Smith says, has made a small profit from the Bails.
But Smith says that doesn.
“When you buy your happiness with £50 you can get £100 in dividends, and that can mean a lot more to someone,” he added.
“This is a way for people to do that.”
Bees are not necessarily a great investment vehicle for a small business, they’re a bit of a gamble.
“But for the people who are interested in doing something, it’s an amazing opportunity to make a quick profit.”
The business is also looking for someone who has some experience with crowdfunding.
“There’s a huge need for people with experience with this kind of business,” Smith says.
“It’s really, really hard to get people in the industry to do anything.”
The company is also encouraging people to take part in its crowdfunding project.
Anyone interested in taking part in a Bail campaign should register by clicking here, and then go to Crowdcube to take the deposit.
“A lot of people have said they can’t believe they’re going down this road, and they can take part,” Smith told Business News.
“So people can have a chance to do it.”
You can donate via the Crowdcube site, but there’s also an option to join a community of people who can help with the Bail efforts.