Download - Crowdfunding
A smart way of promoting Entrepreneurs, Start-ups and Individuals
Presented by: Vishal Sancheti
Donor Funder
Purchaser
Consumer
Asking Earning
Gifts Grants Trading
Contracts
Crowdfunding is term used to collect fund small amount of fund from large group of peoples
Hence, Crowdfunding can be a effective source of funding
It can be a gateway to engagementAn opportunity to build community
or customer basean invitation to participate in and
influence a new ventureshared ownership from donation,
through reward to celebration
It can you and your ideas out directly in front of the public
It doesn’t always work. It requires continuous efforts that
interests a sufficient number of people strongly enough to motivate them to part with hard-earned cash
A example of Project Crowdfunded on KickStarter
Name
Video
Description
Progress& Goal
Project Creator
Awards
Token
Product
Special honor
$1
$10,000
Good awards Sell what people are buying Emulate other successful projects
Media coverage Enthusiast sites– Gizmodo/Techcrunch /IGD Social Network – Kickstarter itself Reputation of people associated with project
Planning & Preparation – perhaps for a year Business plan – Plan on cost overruns and delays! Prototype made, production facilities lined up Video
Communication with backers Especially when things go bad
It is the hottest topics for startups looking to raise investment and may continue to be so.
It is believed to be revolution in democratization of capital market.
But still some believe its Red-hot right now . . . .but forecast is chillier Likely reduced Backer enthusiasm as
funded projects don’t meet expectations OR never release at all