fundraising as main problem for entrepreneur 2012
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Fundraising as the Main Entrepreneur’s Problem
Vasily RyzhonkovDecember, 2012
www.CrowdSynergy.com
@ Copyright 2012 CrowdSynergy (www.crowdsynergy.com)
www.crowdsynergy.com 2
Questions to answer
1. What is the main bottleneck in startups funding?
2. How much venture and angel capital do we have available in the world? What is the demand for it?
3. Do all early-stage entrepreneurs have sufficient access to capital?
4. Could we change situation with financing not 1% of entrepreneurs, but more? If yes, how?
www.crowdsynergy.com 3
Entrepreneurship Statistics
Main Entrepreneurs’ Problems
Capital Availability in the World
Fundraising through Crowdfunding
CrowdSynergy solution
Agenda
www.crowdsynergy.com 4
Background
CrowdSynergy is Virtual Business Incubator and Innovation Ecosystem Platform
Founded in 2012 More than 10 years were devoted for analysis, research and
development of the concept “Platform for World Innovation Ecosystem” Our main solutions are:
Virtual Business Incubator Solutions for Innovation Ecosystems Management Corporate Innovation and Business Incubation Programs Solutions for Expert Communities and Mentors Crowdsourcing and Crowdfunding Solutions Investments Management
www.crowdsynergy.com 5
Entrepreneurship Statistics
www.crowdsynergy.com
Number of Entrepreneurs in the World (2010 -> 2011)
6
*Less than 3,5 years of activity; recovered after recession of 2008-2009**According to GEM, out of 54 economies in the age between 18 and 64
388 million entrepreneurs were actively engaged in starting and running new businesses
in 54 countries in 2011**
250 million early-stage entrepreneurs* in 59 economies in 2010
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com
388 million entrepreneurs in 2011 included: 163 mln women early-stage entrepreneurs 165 mln young early-stage entrepreneurs between the
ages of 18 and 35 69 mln early-stage entrepreneurs that offer innovative
products and services that are new to customers and have few other competitors
23,5% increase in TOTAL EARLY-STAGE ENTREPRENEURIAL ACTIVITY in 2011
Number of Entrepreneurs in the World (2010 -> 2011)
7
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 8
2011
2012
2013
Number of Entrepreneurs in the World (2011 -> 2012 -> 2013)
513 to 606 million **
446 to 485 million*
388 million
15% t0 25% increase in total and TEA
*Strongly pessimistic estimation of CrowdSynergy based on OECD, GEM, WEF data from 2011 – in reality figure is 3-5 times more. This estimation was made considering possible downturns and risks.**Optimistic estimation of CrowdSynergy based on decision tree analysis and data from previous years (growth, increase rate, economic growth ad cycles)
59 to 69,7 million**
51,3 to 55,8 million*
44,6 million
Total entrepreneurs Early-stage entrepreneurs = 11,5% (avg unweighted)*
15% t0 25% increase in total and TEA
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 9
Main Entrepreneurs’ Problems
www.crowdsynergy.com 10
Access to capital** Access to networks of mentors, experts,
investors, entrepreneurs, etc… Lack of knowledge / business skills / technical
skills Team building / selection / organization Business model and strategy etc…
Main Problems of Early-stage* Entrepreneurs
*Early-stage–the state of a project after the concept and idea formulation through the seed(formation) stage but before middle stage (generating revenues). **According to Market research by CrowdSynergy and secondary data from BCG, GEM, OPORA, SG 2012Entrepreneurship
StatisticsMain Problems of
Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 11
Let’s consider only one problem (perceived by early-stage entrepreneurs in efficiency-driven economies as the main one):
…we need to understand in detail what, why, how and who of the problem ->
Is access to capital one of the most important problems?
Access to capital or Fundraising as the main problem of early-
stage entrepreneurs
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 12
How to get capital? Do we have enough
capital for early-stage entrepreneurs?
What is demand for capital from
entrepreneurs side?
www.crowdsynergy.com 13
Why (Venture) Capital is important? – WHAT of the “Access to Capital” problem
Venture capital has enabled the United States to support its entrepreneurial talent and appetite by turning ideas and basic science into products and services that are the envy of the world.
Venture capital funds build companies from the simplest form–perhaps just the entrepreneur and an idea expressed as a business plan – to freestanding, mature organizations
Venture Capital Association, the industry’s main lobbyist, claims a study it sponsored shows that venture-backed companies from 1970–2005 accounted for 10 million jobs and $2.1 trillion in revenues by 2005, as well as representing 17 percent of U.S. gross domestic product (GDP)*.
Top-tier VC funds dominate in the West as VC consolidation continues Global “dry powder” is US$117.7 billion (capital committed to VC firms but not invested yet) and remains at a level similar to the past few years, as VCs invest at a pace that is reflected by their fund-raising volume**.Entrepreneurship
StatisticsMain Problems of
Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
*Kauffman Foundation, June 10, 2009**Globalizing venture capital Global venture capital insights and trends report 2011, Ernst & Young
www.crowdsynergy.com 14
Capital sources vary depending on the venture’s stage of development, economic and financial situation in the environment, availability and maturity of government policies and institutions in a given economy.
We will list main of them with the focus on early-stage entrepreneurs.
Capital Sources
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 15
Company Funding Stages (traditional breakdown) –
HOW of the “Access to Capital” problem
Seed
Start-up
1st stage (Round A,B)
2nd stage (Round C,D)
Bridge
IPO or Sale
Capital for product development, market research and building management infrastructure
Completing product development and in business 1yr or less
Initial capital is gone and now need capital for full-scale production, sales or initial phase of expansion
This is where venture creation stops and the venture is launched
Capital to expand product to national markets
ConceptThis is where venture needs to be before raising capital
Capital to maintain until pending liquidity event
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
In the most difficult period there is the least access to capital for entrepreneurs
www.crowdsynergy.com 16
Capital Funding Stages (explained) – HOW of the “Access to Capital” problem
Seed or start-up stage ($0-1M)• Complete the team, formalize the plan, complete initial arrangements. • Financial capital from angels, fools, friends and family.
Development stage (series A) ($2-5M)• Product development and prototype, ready for launch. Financial capital from venture
capital funds.Growth stage (series B or C, and other as required) ($5-20M)
• Launch and growth phase. Customer acceptance proven. Financial capital from venture capital firms.
Competitive or maturity stage (IPO) ($5 – 30M+)• Mature firm in a competitive context. Financial capital from offerings in the public equity
markets.
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 17
Owner’s Money
Family, Fools & Friends
Angels
Seed Capital
Venture Capital
Banks and Govt Programs
Private Placements
IPOs
Who is funding Entrepreneurial Start-up Companies? –
WHO of the “Access to Capital” problem
Financing continuum (as it was before Crowdfunding)The following diagram shows the typical financing for start-up companies
$10-100K $20-250K
$100K-2M$500K-3M
$2-50M $5K & up
$500K & up
$5M & up
Source: “Successful Angel Investing”, Indiana Venture Center, 2008
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
CROWDFUNDING ENTERS HERE
www.crowdsynergy.com 18
Capital Sources – WHO of the “Access to capital” problem
Source: CrowdSynergy Analysis, 2012
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 19
Capital Sources – 3 Main Pillars for Early-stage
Entrepreneurs
Venture
Capital
Angel Capit
al
Private
Capital
Sources of Capital for Early-Stage Entrepreneurs
Bottleneck
Main sources of capital nowadays (Dec, 2012)
Small but Expanding at Extreme Speed Anti Funnel
Future source of capital
$8,77B out of$196,B10% growthDecades of existing
$22,5Bout of$108,23B12,1% growth20+ years of existing
$39M*out of$8000+B114-300% exponentialgrowth2 years of existing
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
Sum of $31,27B reaches entrepreneurs (10% of available)
*Crowdfunding capital via equity-based model (statistics from 2012)
www.crowdsynergy.com 20
www.crowdsynergy.com 21
Venture Capital Statistics Worldwide, 2011
Venture Capital raised in 2011- $18.7B Venture Capital available in 2011 (“dry power”) - $196.9B Venture Capital invested in 2011:
$48,7B; 3209 deals (Dow Jones VentureSource); $5M – median size of investment
Venture Capital available for early-stage entrepreneurs: $4,87-8,77B*
VC growth 2010/2011 – 7-10% Number of Venture Capital:
No. of VC Professionals - 6,125 (in USA), 8700+ (in the World)** No. of VC Funds in Existence - 1,274 (in USA), 1800+ (in the World)**Sources: PricewaterhouseCoopers/National Venture Capital Association, MoneyTree™ Report based on data from Thomson Reuters; Dow Jones VentureOne; * - according to different sources only 10-18% of the total amount of venture capital investment (unchanged from the level in 2010) were seed and first-round financings ; ** - CrowdSynegy Estimation, 2012
Private
Capital
Angel
Capital
Venture
Capital
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 22
Venture Capital Investments, 2005-2011
Global Annual VC Investment (Ernst&Young, 2011)
Proportion of Aggregate Value of Venture Capital Deals by Region: 2010 - 2012 YTD (10th May 2012)
Private
Capital
Angel
Capital
Venture
Capital
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 23
Venture Capital – Private Equity is a Cyclical Business
US buyout deal value (Bain, 2011)
Private
Capital
Angel
Capital
Venture
Capital
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 24
Characteristics of Venture Capital Funds & Firms - 1
Professional, institutional managers of risk capital.
Typically require five to eight years to be launched.
Investment made is an equity investment in a company whose stock is essentially illiquid and worthless until company maturity.
Investment “rounds” typically occur every year or two.
Source: NVCA Yearbook, 2012 including statistics from the PricewaterhouseCoopers/National Venture Capital Association, MoneyTree™ Report based on data from Thomson Reuters
Private
Capital
Angel
Capital
Venture
Capital
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 25
Characteristics of Venture Capital Funds & Firms - 2
Venture capital is more than money: venture capital partners become actively engaged
with a company, typically taking a board seat; with a startup, daily interaction with the
management team is common. This limits the number of startups in which any
one fund can invest. Few entrepreneurs approaching venture capital firms
for money are aware that they essentially are asking for 1/6 of a person!
Private
Capital
Angel
Capital
Venture
Capital
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 26
Characteristics of Venture Capital Funds & Firms - 3
Yet active engagement (which is business incubation) is critical to the success of the fledgling company*.
Any successful company that broke through the gravity evolved from the original business plan concept with the careful input and help of an experienced hand/mentor**.*Many one- and two-person companies have received funding but no one-or two-person company has ever gone public!**Source: NVCA Yearbook, 2012 including statistics from the PricewaterhouseCoopers/National Venture Capital Association, MoneyTree™ Report based on data from Thomson Reuters
Private
Capital
Angel
Capital
Venture
Capital
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 27
What venture capital firm looks for?
Source: NVCA Yearbook, 2012; CrowdSynergy’s venture industry analysis and estimation
Management team (perfect track record?) Concept and Business Model (superb scalability? Limited
timeframe? Truly innovative?) Marketplace (world and international markets?) Fit to the fund’s objectives (minimum 3-5x ROI?) Value-added potential for the firm Capital needed to build a successful business etc… A busy venture capital professional’s most precious
asset is time. If your concept doesn’t fit tough due diligence
criteria it’s not likely to get even a close look.
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
Private
Capital
Angel
Capital
Venture
Capital
www.crowdsynergy.com 28
www.crowdsynergy.com 29
Private
Capital
Angel Capital invested: $22,5B; 66,230 venture received angel funding* $340K – median size of investment 42% - invested in seed/start-up stage 55% - invested in post-seed/start-up stage
Angel Capital potentially available: $108,23B** Angel Capital available for early-stage entrepreneurs: $21,8B Angel Capital growth – 12,1%* Number of Business Angels: 318,480 (in the World)
Angel Capital Statistics Worldwide, 2011
*Center for Venture Research, The Angel Investor Market in 2011, 2012** 318K x $340K = $108,23B – theoretically available Angel Capital
Angel
Capital
Venture
Capital
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 30
Business Angels
Advantages
Angels’ Characteris
tics
Investment Characteris
tics
Added Bonuses
Disadvantages Little
follow-on moneyWant a say
in firmCould turn out to be “devils”
No national reputation to leverage
Characteristics of Angel Capital
Source: Pros and Cons of Business Angel Investments, 2000
• Value adding• Geographically dispersed• More permissive investors
• Seek smaller deals• Invest in high-tech firms• Invest in all industry sectors• Prefer start-up and early-stage
• Leveraging effect• Give loan guarantees• No high fees
Private
Capital
Angel
Capital
Venture
Capital
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 31
What are Additional Screening Factors to Get Capital from Angels and VCs?
Source: NVCA Yearbook, 2012; CrowdSynergy’s venture industry analysis and estimation
Bureaucracy Time to get funds from Angels and VCs Gates:
by a country’s or region’s cultural fit, tolerance for failure, services infrastructure that supports developing companies, Intellectual property protection, efficiency of capital markets and innovation ecosystem, the willingness of big business to purchase from small
companies world’s and region’s economic and political uncertainty
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
Private
Capital
Angel
Capital
Venture
Capital
www.crowdsynergy.com 32
Only 1% of entrepreneurs gets funding – WHY of “Access to capital” problem
Only 1 ends up being fundedOnly 10 usually
or so get a serious look100 business plans come
to a venture capital firm for funding
Source: NVCA Yearbook, 2012; CrowdSynergy’s venture industry analysis and estimation
99% early-stage entrepreneurs are rejected
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
Private
Capital
Angel
Capital
Venture
Capital
www.crowdsynergy.com 33
www.crowdsynergy.com 34
Demand for Capital from Entrepreneurs Worldwide
Source: *CrowdSynergy’s venture industry analysis and estimation; ** 51,3 to 55,8 million x $50K (avg size of preseed/seed capital) in 2012; *** 59 to 69,7 million x $50K (avg size of preseed/seed capital) in 2012
20 million projects have not received funding in 2011* Annual global capital demand for early-stage
innovation projects is $2565-2790B in 2012** Annual global capital demand for early-stage
innovation projects is $2950-3485B in 2013*** World capital demand for early-stage projects by 2030
will be more!!!
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 35
Supply of Capital from Angels and VCs Worldwide (just to remind…)
Sum of $31,27B reaches entrepreneurs (10% of available capital by Angels and VCs)
World’s possibilities don’t fit World’s capital demand
Is there any solution or improvement that can be done?
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 36
www.crowdsynergy.com 37
Crowdfunding is…
Small Money, Large Crowd JOBS act in USA as manifesto for private
investors in 2012 No gatekeepers, anyone can invest (up to the limit
- $1M in USA) Connects professional investors from outside network Scales friends & family network Greater transparency and trans nationality
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 38
Why Crowdfunding?
Faster go-to-market periods (the less time – the better for a project*)
Same access to information Efficient and effective framework/tools/platforms via
direct participation New customer audiences Access to new asset classes
Crowd is smarter than individual; being provided with tools it’s more efficient, secure and
effective than individualSource: http://www.kickstarter.com/blog/shortening-the-maximum-project-length; www.crowdsourcing.org
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 39
Crowdfunding Models
Source: www.crowdsourcing.org Report, 2012* - in number of CFPs
Equity-based (15% of total CFPs*) Donation-based (28% of total CFPs) Lending-based (14% of total CFPs) Reward-based (43% of total CFPs)
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 40
Crowdfunding Models
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 41
CrowdFunding Market and Trends:Crowdfunding Revenue Growth
Source: Massolution, 2012
Private
Capital
Angel
Capital
Venture
Capital
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 42
CrowdFunding Market and Trends:Growth in Number of CFPs by Category
Source: www.croudsourcing.com, Report 2012
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
Private
Capital
Angel
Capital
Venture
Capital
www.crowdsynergy.com 43
CrowdFunding Market and Trends
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 44
CrowdFunding Market and Trends
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 45
Householding Savings Ratio in the World, 1982 - 2012
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
Private
Capital
Angel
Capital
Venture
Capital
www.crowdsynergy.com 46
CrowdFunding for Entrepreneurs Statistics 2012
536 Platforms 15% have equity-based model 114% growth
$2,81B Industry Revenue, 14% - equity-based model ($39M) 300% growth
$8000-57,400B – potential from householding savings
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 47
Is it enough just to have crowdfunding?
Simple answer is No, because: We need to provide the system which will allow
entrepreneurs to: Find Excellent Team Develop Concept and Business Model with superb
scalability, within limited timeframe; truly innovative Reach world and international markets Add Value for Customers
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
Thus, capital needed to build a successful business is not enough – we need to have Business Support System with easy access to capital
www.crowdsynergy.com 48
www.crowdsynergy.com 49
CrowdSynergy as a Virtual Business Incubator
We act in a virtual Internet space , not in physical one We give opportunities and business support for everyone, regardless of his/her skills,
knowledge level, geographic location and status We add values to existing business incubation and innovation ecosystem
overcoming its shortages, not competing with it. Our purpose is to integrate all players of innovation ecosystem in one place
(universities, industry, R&D centers, funds, Vcs and Angels, business associations) We use crowdsourcing and crowdfunding as main instruments We provide support for average person, not only brilliant one.
Entrepreneurship Statistics
Main Problems of
Entrepreneurs
Capital Availability in
the World
Fundraising through
Crowd funding
CrowdSynergy solution
We support all pre-seed and seed early-stage entrepreneurs who were rejected (99% of entrepreneurs) by VCs/Physical BIs/Angels/etc.
We lay the foundations of the Value Creation Society
www.crowdsynergy.com 50
CrowdSynergy as aPlatform for Innovation Ecosystems
For entrepreneurs: Get financing and access to funds Get personal mentor/advisory board for your project Get expertise and business support for your project (business model, strategy,
marketing, PR, legal and accounting services, mergers and acquisitions, etc) Meet and hire team members, services for team building Develop project inside the system using CrowdSynergy and partners’ SaaS services Education services and courses
For investors: Reduce risks of investments through professional instruments for managing startups
portfolio Find a project/team within your area of interests and expertise Find partners for cofunding; Invest in project and manage your personal portfolio Buy and sell shares/equity
For experts: Find and join interesting project/team Get options/shares in the project according to your contribution
Entrepreneurship Statistics
Main Problems of
Entrepreneurs
Capital Availability in
the World
Fundraising through
Crowd funding
CrowdSynergy solution
www.crowdsynergy.com 51
CrowdSynergy Services and Solutions
Entrepreneurship Statistics
Main Problems of
Entrepreneurs
Capital Availability in
the World
Fundraising through
Crowd funding
CrowdSynergy solution
www.crowdsynergy.com 52
Life Cycle of Typical Startup (with and without CrowdSynergy services)
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 53
CrowdSynergy Services and Solutions
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 54
CrowdSynergy Services and Solutions
While other players try to screen and reduce their risks we build a system where early-stage entrepreneurs could try their ideas, develop concepts, reach first investors, mentors and experts in 3-5 steps and increase their chances for success without any risk for them: Register in the platform www.crowdsynergy.com Fill in info about you, your idea/project Promote and develop your project through services for free Get expertise and market validation of your ideas/projects from
crowd. Successfully? Then … next step Try to reach your first crowd investor/angel/VC investor through our
platform or our partners.Entrepreneurship Statistics
Main Problems of Entrepreneurs
Capital Availability in the
World
Fundraising through Crowd
funding
CrowdSynergy solution
www.crowdsynergy.com 55
About CrowdSynergy
Entrepreneurship Statistics
Main Problems of Entrepreneurs
Venture Capital in the World
Fundraising through Crowd
funding
CrowdSynergy solution
Let’s build future of Innovation together. Join us.CrowdSynergy Team.
“Building Future of Innovation Ecosystem Together.” Join us. CrowdSynergy Team.
www.crowdsynergy.com 56
CrowdSynergy
Vasily RyzhonkovR&D Director
vasily.ryzhonkov@crowdsynergy.comhttp://worldbusinessincubation.wordpress.com/
+7 916 652 95 02 (Russia)+46 76 7158679 (Sweden)
CrowdSynergywww.crowdsynergy.com
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