funding game - step-by-step help for entrepreneurs

Post on 29-Nov-2014

312 Views

Category:

Business

0 Downloads

Preview:

Click to see full reader

DESCRIPTION

Funding Game - Online Step-by-Step Help for Entrepreneurs and Startups

TRANSCRIPT

STEP BY STEP HELPFOR ENTREPRENEURS

Funding Game

www.fundinggame.com

Create New Pitch

Select ‘New Pitch’ from the vertical menu on the left. After the initial instructions you will go to the probably most

important part – the elevator pitch.

The Elevator Pitch

Enter the name of your pitch and a short description – no more than 2-3 sentences that will act as a teaser to your prospective supporters. Save, and then select a catchy

image. When ready, press Save & Continue.

General Information and ROI

Select the project industry and, if applicable, embed an online video or slideshow. Upload a summary for your

product and its competitive advantages. At the ROI-page select the type and date of the planned liquidity event.

PMV and Investment Round

Specify the current value of your company at the PMV-page. At Investment Round-page set the amount to raise

and desired duration of the fundraising campaign.

S&M and Other Information

List the major competitors on your market and the competitive advantages that your product or service has.

At Other Info-page, select its stage of development.

Team Description & Other Documents

At Team Description-page you can upload some resumes of your team members, as well as the strengths and weaknesses of the team. At Document Deck you can

upload other documents you consider important.

Submit Your Pitch

Once all mandatory information is in place, you can publish your pitch. At the Submit Pitch-page press the ‘Start

Fundraising Now’ button. If any mandatory data is missing, you will get here information what exactly is missing.

All or Nothing

Depending on the total funds invested into your company and its investment target, at the end of the fundraising campaign you may receive all invested funding points, or nothing. Even if the fundraising

campaign is unsuccessful, you will keep the links to company’s business supporters.

Enjoy the Opportunity

As you use only funding points throughout the game, you can never lose real money. Take the chance and use ‘Trial & error’-approach to

validate your product and estimate the market demand for it. Enjoy the opportunity!

top related