crowdfunding - opportunities for crowdfunding startups
TRANSCRIPT
Crowd About Now
An exploration of current crowdfunding projects and opportunities
Can we do it?
Obama raised 137 million... using crowdfunding
Sell a Band (Fans)
Fans invest $10 and get a CD (50k needed)+ Clear focus+ Bands have fans, but do entrepreneurs?+ Pay for a product before it’s made+ Sell a Band arranges production and distribution
Works also with movies, beer and football club
The crowd
Gives• Donation/loan/investment• Vote for best projects/companies (= market research)• Advise the entrepreneur• Promotion via online social networks
Gets• Shares/product/pre-defined interest rate• Voting right for decisions
Additional
• Trade shares/loans• Competitions• ...
Unique selling points
• When financial institutions are failing• Give fans something special• Use online networks• A crowd of investors = a crowd of advisors• No big institutions with difficult processes, but a group of
individuals that admire your work• You know for sure that there are enough people to buy the
product of a venture that is completely crowd-funded• Investors see what their money is doing• Focus on one type of entrepreneurs?