The Crowdfunding Success Pattern - MaRS Best Practices

Post on 26-Jun-2015

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Want to learn more about crowdfunding? Designed for startup project leaders who want to leverage crowdfunding, this session examines how to maximize this funding model. Brian Meece is the CEO of RocketHub, one of the world’s top crowdfunding platforms. RocketHub has observed over 20,000 funding campaigns while helping companies raise millions of dollars globally. In doing so, it has narrowed down the formula for successful crowdfunding. Brian discusses the factors that determine which projects achieve their goals (and which ones don’t).

Transcript of The Crowdfunding Success Pattern - MaRS Best Practices

Who is this guy and why is he here?

Be my friend.

@RocketHub Facebook.com/RocketHub Brian@RocketHub.com

What is RocketHub? Top Global Crowdfunding Community

RocketHub  is  the  fastest  growing  crowdfunding  community.  We  empower  ar'sts,  entrepreneurs,  academics,  and  organiza'ons  in  their  funding  efforts.  

Launched:  February  2010  Total  Campaigns:  25,000+  

Total  Funding:  $Millions  Homebase:  New  York  City  

What is crowdfunding?

… an event that harnesses networks for funds, awareness, and feedback.

New spin on old idea.

da Vinci (patronage) +

Social Media (mass) =

Crowdfunding (mass-patronage)

How we got here.

The press loves RocketHub projects.

How does it work?

The  Three  Pillars  

Project  

Network  Goods  

I.  The  Project  

Be great

Make a statement

Tell us why

Case Study: Extra Credits – Gaming Website/Incubator

James Portnow

Case Study: Extra Credits – Gaming Website/Incubator

Raised  Over  $100,000  in  a  weekend  

Case Study: Extra Credits – Gaming Website/Incubator

Your connections can be your sales-force.

II.  The  Network  

Depth = Influence

Width = Numbers

II.  The  Network  

Sour

ce

Firs

t D

egre

e

Seco

nd

Deg

ree

You

Fans

Friends-of-fans

Strangers  

Duct  tape  (lot’s  of  it)  

Case  Study:  Spira  –  Indie  Shoe  Company  

Andy  Krafsur  Crowdfunded  $42,000+  to  bring    his  new  shoe  design  to  reality  

Case  Study:  Spira  –  Indie  Shoe  Company  

III.  The  Goods  

Sell the journey

Levels of impact

Fun exchange

Case  Study:  Author  /  Entrepreneur  Ariel  HyaB  

Raised  over  $60,000  pre-­‐selling  book  and  consul8ng  services  

Case  Study:  Author  /  Entrepreneur  Ariel  HyaB  

Digital  version  of  new  book  release  

A  signed  copy  of  the  new  book  –  plus  enrollment  in  digital  course  

2  Day  “Whiteboard  Session”  in  Brooklyn  

$20  

$50  

$5000  

What do you need to start?

The  Checklist  Title Financial Goal Timeframe Video Images Audio Written Description Rewards ü

The gameplan. Now  What?  1.  Commit

2.  Win first followers 3.  Build dialogue 4.  Spiral out 5.  Tell the story 6.  Listen 7.  Meet the press 8.  Finish strong

The  Result  

Money

Awareness

Momentum

The  Horizon  

Crowdfunding for Equity RocketHub  Whitepapers  

Thank you