Crowdfunding

E=mc2

April 01, 2015

Outline

• What is Crowdfunding

• Types of Crowdfunding

• Are You Ready

• www.crowdsourcing.org

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