Crowdfunding
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Transcript of Crowdfunding
Crowfunding
By L.A. LorekSilicon Hills News
BlogItSA!Sponsored by Geekdom, ZippyKid and SiliconHills
News
Kickstarter
Kickstarter, founded in 1999, reported more than 2.2 million people pledged a total of $319.7 million to fund 18,109 projects in 2012.
IndieGoGo
RocketHub
RocketHub
The average contribution on RocketHub is $75Most projects last between 30 to 45 daysThe Fundraising sweetspot is between $3,500 and $35,000
Three Pillars to Success
• 1. A great project• 2. Strong network of supporters• 3 Cool goods in exchange for a financial
contribution
GetFunded
CrowdCube in the U.K.
CrowdCube in the United Kingdom launched in 2010 and finances, on average, $88,000 per company. But only 7 percent of the companies seeking investment are successful.
CircleUp
• CircleUp launched in mid-2012, and has already invested $7.5 million in eight deals into privately held consumer and retail companies. CircleUp, based in San Francisco, deals with accredited investors only and that’s why it’s able to do equity-based crowdfunding.
How to Succeed?
The secret to success is to have an awesome project spearheaded by real people who ae passionate.
If You Crowdfund
• Protect Yourself from Lawsuits• Make sure to incorporate your business• That places the liability on the business and
not you personally in case the business or project fails.
Tap into Your Social Network