Propel Arizona Crowdfunding Essentials - for NACET
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Propel Arizona seminar/presentation for NACET May 30th 2013
Transcript of Propel Arizona Crowdfunding Essentials - for NACET
10+ companies$250M Funding 4 Exits (great !)$3B Revenues 4 Failures (awful !)
Lots of lessons. Chaos, Pain and Joy.
‘Serial/Parallel Entrepreneur”
EIR, Venture PartnerAngel Investor
5 Companies 9 Boards3,000 Tylenol Caplets. Ego and Brain Atrophy.
Investor/Venture Capitalist
Professor of Digital Media & EntrepreneurshipArizona State University, SJSU, Stanford (Lecturer)New York Institute of Technology Knight Center for Digital Media EntrepreneurshipResearch in digital media, behavior, entrepreneurship
University Professor
Advisor/Mentor, Author etc.
ASU – Skysong, Venture Catalyst, RSS etcArizona Commerce Authority / Venture readyArizona Innovation ChallengeBook: Age of Metapreneurship. Blog/Articles
CJ Cornell
@cjcornell
The Funding Gap
Concept to Product to Growth
Concept to Product to Growth
Concept to Product to Growth
Concept to Product to Growth
Concept to Product to Growth
Source: http://theyec.org/making-sense-of-the-jobs-act-and-crowdfunding-infographic/
Concept to Product to Growth
Concept to Product to Growth
Concept to Product to Growth
Concept to Product to Growth
The safety of crowds
The passion of crowdsThe wisdom of the crowds
Crowdfunding
Crowdfunding
• Source – http;//crowdfunder.com
5 April, 2012 (and … AugUst 2012, December 2012 …)
Equity Crowdfunding - JOBS
WYNTK(what you need to know)
“The Kickstarter Model”
Kickstarter (2012)
2.2 million people pledged a total of
$319,786,629
(up 221% from 2011)
Backers pledged $606.76 per minute
People in 177 countries backed a project in 2012
(That's 90% of the countries in the world)
3 Why’s:
The Real(Crowdfunding)
Why’s
emotional ROI.
Uh oh …
Rewards Crowdfunding
Rewards don’t have to worth $$
Crowdfunding Arizona
Can it jumpstart entrepreneurship?
1. Kickstarter “Fails”
Arizona does poorly …
2. Members =/ Supporters
% of supporters is the key ….
3. Entrepreneurship is Different
Products, Companies, Entrepreneurs …
4. The role of “Ecosystem”
Incubators, accelerators, mentors etc ..
5. The power of Community
Shared Goals, Passions, Outcomes …
Shared Goals, Passions, Outcomes …
Crowdfunding for Entrepreneurship & Economic Growth
Shared Goals, Passions, Outcomes …
People as Important as Projects …
Organizations & Affiliations …
Entrepreneurs success as much as funding …
$15k - $100k *(Average $50k) ….
