Post on 21-Dec-2015
Crowdfunding
E=mc2
April 01, 2015
Outline
• What is Crowdfunding
• Types of Crowdfunding
• Are You Ready
Types
• Donation Based
• Product Based
• Equity Based
• Services Based
Are You Ready
• Its more than an Adventure; It’s a Job!
• Idea Shown the $$$ Will Flow-WRONG!
• Fees - YES
• Possible Penalties
Are You Ready
• Research is the KEY
• Review past CF site projects
• CF Website will determine Yes or No to your project
For Profit
• www.kickstarter.com• www.indiegogo.com• www.rockethub.com
Non-Profit
• www.crowdrise.com• www.fundly.com• www.startsomegood.com
Business
– www.appsfunder.com– www.quirky.com– www.greenapplebarter.com– www.fiverr.com
Finances
• Taxes• Person changes mind to fund – Loss
Revenue (10-20%)• Average = $30• Other services
• Do Financial Projections!
Campaign
• Start
Mid Point
End
Duration
• Remember – Constant Communication– Reply to email– Create Blog & Update– Respond to Facebook, Twitter, etc.– Getting media coverage– Update on Rewards– Update Video– 168 Hours – Global
Video
• Be Real
• Two – Five Minutes
• Get to Point in First 30 Seconds
• You or Friend Present It– Passion
Rewards
• Make sense & relate to project• Awards at different payment tiers• Value added or junk• Did you figure into your costs• Logistics
Patents
• America Invents Act
• Major Change - First to Invent to First to File System– Date of application versus date of invention
– Provisional Patent - Good Idea
Reminder
• Market Research
• Finances
•THE STORY