Crowd Funding (E-commerce)
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Transcript of Crowd Funding (E-commerce)
Presentacin de PowerPoint
IT PROJECTA Projet compilation by:Monika SinghKiran TahalramaniAayushi GuptaAkash ShahuAditya PanghateON
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
WHAT ISSTART51??
Start51.com offer new creative fund platform to transform unique ideas into reality. The crowd-funding platform runs with an aim of offering direct financial support from contributors. This is an initiative to support projects from all industry verticals that meet our project guidelines.
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
What Type?
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
CROWDFUNDING
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
The practice of funding a project or venture by raising many small amounts of money from a large number of people via internet.
Small Scale Example: You want to design a T-shirt but dont have enough fund for it. So, you ask for help from a bunch of your friends and they agree to invest and you get the required fund for your T-shirt designing.
TWO MAJOR photoPROBLEMS FOR START-UPSPROBLEMS!Financing is a major worry for several start-ups.
Money/finances form backbone of all businesses. Someone to take care of finances is a major worry for several start ups. Especially when cash conservation is must during nascent stage. Finance
photoSecond comes hiring people who share the same vision as you.
A start up cant offer packages and perks like an established company. Therefore, it is advisable to hire people who are passionate about the business and help the company scale new heights. These 2 are major problems.Hiring people with same vision
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
BENEFITS OFCROWD FUNDING
The use of small amounts of capital from a large amount of individuals to finance a new business venture. The following are some benefits of crowd funding:
Platform allow entrepreneurs to raise funds from people in exchange for tangible goods and it is a all-or-nothing policy.ACCESS TO CAPITAL
People beleive in the success and not only profit of the company in ong run.LOYAL CUSTOMER
If an entrepreneurs sets a goal and doesnt reach it, there is o panalty. All the fund are returned to each contributor.IT IS FREE!!
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
LETS HAVE A LOOK ON THE HOMEPAGE
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
BROWSE CATEGORIES
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
AdventureDanceEventsFilm & VideoGames PhotographyTechnologyComics DesignFashion Food
MusicPublishing Theater
LETS HAVE A LOOK ON THE VIDEO
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
DISCRIPTION
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
Fund raising platform in India
Founder & Supporter: Ateet Bajaj
Support projet for different industries
Location: Ahemdabaad, India.
Launched on 3rd, August, 2013 with 3 creative project.
MORE ABOUTTHE WEBSITE
Platform allow entrepreneurs to raise funds from people in exchange of tangible goods and it is a all-or -nothing policy.FUNDING POLICY
People beleive in the success and not only profit of the company in ong run.NEW WAY
If an ntrepreneurs sets a goal and doesnt reach it, there is o panalty. All the fund are returned to each contributor.DIFFERENT PLATFORMS
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
PAYMENY OPTION
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
ITS MISSION
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
. Our mission is simple 'to help getting funds to the people having innovative ideas to transform them into reality'
Both givers and seekers are assured that the money has been spent to serve the community better through a project.
SOME FACTS..
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
Start51.com is a C2C type of activity.
Its business model is Affiliate Marketing.
Its advertising mode is Viral Marketing.
And further this website is pure form of EC which includes:
Crowdfunding, Fundraising, Crowdsourcing. PRODUCT
Generating revenues from ideas.PROCESS
Distribution of profits to the investors or funders DELIVERY
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
The Crowdfunding models fueled By three types of Actors
:
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
The project initiator who propeses the idea and/or project to be funded.Individuals or groups who support the idea.And a moderating organization (the platform) that brings the parties together to launch the idea.
HERE ARE SOME QUESTIONS THAT ARISES
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
What should creators do if they are having problems completing their projects?Does Start51 screen projects before they launch?
RULES photoAND REGULATIONSWebsite Restrictions!The presenter has to estimate a limited amount in his video/presentation i.e how much money he will be needing for his business.
Limited AmountphotoThe presenter has to acquire the required amount within 51 days. If the presenter is not able collect the required fund within 51 days, he would not get the collected amount from investors
51 Days!!photoThe presenter has to sign a contract with the website and convey to his investor that the funds are not invested in some illegal practices or for other personal business.
Contract
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
HERE ARE SOME QUESTIONS THAT ARISES
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
Do contributors get ownership or equity in the projects they fund?What are the fees?Do this website had any competitor?
MORE SITESSUPPORTING CF
The following are the sites which also support crowd funding:
. Whishberry.in
bitgiving.in
HOTstart.in
.Ignite.in
Shri Ramdeobaba Kamla Nehru College of Engineering and Management
THANK YOU
Shri Ramdeobaba Kamla Nehru College of Engineering and Management