VFB 2013 - Seed and startup funding - Lessons learner from the HAB housing crowdfund

Post on 13-Jan-2015

101 views 1 download

Tags:

description

Presentation by Tom Jarman, Keydynamic & HAB housing Ltd

Transcript of VFB 2013 - Seed and startup funding - Lessons learner from the HAB housing crowdfund

Tom Jarman

Knowing CrowdLessons from £2M world record equity crowd

funding by Hab Housing Ltd

© Keydynamic Ltd

Crossing the Chasm

(Crowd) Funding

© Keydynamic Ltd

© Keydynamic Ltd

The Funding Journey

© Keydynamic Ltd

Enterprise Investment Scheme

PR

Enterprise Investment Scheme

© Keydynamic Ltd

£1,974,300 raised, 642 investorsWorld record for equity crowd funding platform

© Keydynamic Ltd

Qn: Are crowd investors like other investors? VC / Angels

© Keydynamic Ltd

“Well its very difficult to use a scientific method to value companies as early stage as ours so we took a simpler approach. Basically we worked out how

much money we needed using our financial forecasts and then decided how much equity we were prepared to give away and that gave us our initial

valuation.From the response we've had I guess we must have got it more or less right ”

You may have your doubts about this approach – but this is an excellent and successfully crowd funded business that people believe in

A: No – crowd investors have their own reasons to invest, eg:

Valuation

The value of trust

© Keydynamic Ltd

Crowd investors value: eg• Communication• Clear vision• Openness• Trustworthy• Management

commitment

• Shared goals and dreams

• Common interests• Easy to relate to• Involvement• Tax breaks

Most crowd investors need a knowing and trusting relationship with you and your company

Crowdcube is an excellent platform on which to build that relationship.

However:It is the Company’s job to build these relationships

© Keydynamic Ltd

Knowing CrowdQuestions?

tom@keydynamic.com