One of the most significant impacts of crowdfunding on tech startups is the establishment of an early and direct feedback loop with potential customers. This interaction allows startups to refine their products, address concerns, and better understand customer needs before a full market launch. The immediate feedback gathered during the crowdfunding phase can be instrumental in guiding product development, ensuring that the end product is as close to market expectations as possible. This process not only increases the chances of success but also builds a strong foundation for future iterations and innovations.
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