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The Future of Start Up Funding
Jean-luc van Charante MSc. MA.
CMO
@InspireSR
www.inspire.sr
+597-INSPIRE
Start Up Suriname
9 out of 10 starts ups in Suriname no longer exist after 5 years
75% of young entrepreneurs struggle with raising funds for their start up
From problem to opportunity
In 2015
● Young Entrepreneurs can’t get funded because traditional funders don’t
understand their idea
● The ideas aren’t properly tested or prototyped for an audience
But
● Crowdsourcing for products and services in the way to go
● There is more funding available than ever before for untested products and
services
What do we do different?
Working together with:
Developers who are Hackaton Winners and CANTO competers
International Crowdfunding Platforms
To deliver:
A Social Media App focused on Crowdsourcing and Crowdfunding
How it works
● It’s a Social Media network first, a collaboration platform second. Focus on a
community with a goal
● It has incentives for creative ideas
● It focuses on matching the right people at the right time in the right place
● There is a direct link to funding
How do we make money?
● Traffic is (not) everything
● Crowdsourcing Advertising
● Crowdfunding Fee
Going Online
● January 2016 > Inspire Campaign for Content, Premium Accounts, Influencers
● February 2016 > Interactive Interface roll-out, Free business accounts
● April 2016 > Crowdfunding Module
The Competition
From Local to Global:
Any Surinamese App
(Radio Suriname, ATV, Into Suriname, Social Suriname, SR Nieuws)
Any Video/Photo App
(Snapchat, Instagram, Facebook, Youtube, Vine, LinkedIn)
Any Crowdfunding
(IndieGogo, KickStarter, TeamFunder, Crowdfunding.Biz)
The Team
Raoul
Brahim
CEO
Business
Development
Rajiv
Hieralal
COO
App
Development
Miguel
Rodrigues
CFO
Funding
& Finance
Jean-luc
van Charante
CMO
Marketing
& Branding
Financial Projections
2016:
Downloads: 10.000
Active Users: 5.000
Concepts: 200.000
Projects: 25.000
Funders: 5.000
Funded: $50.000
2017:
Downloads: 25.000
Active Users: 11.000
Concepts: 500.000
Projects: 40.000
Funders: 10.000
Funded: $150.000
2018:
Downloads: 60.000
Active Users: 25.000
Concepts: 1.000.000
Projects: 75.000
Funders: 18.000
Funded: $500.000
Current Status
March 2015 - Tested Crowdfunding Infrastructure
June 2015 - Photo & Video Posting platform installed
August 2015 - Mobile Payment API
Questions?
Tweet at
@JeanlucSR

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Inspire - Mock Pitch for a Mobile App Start Up in Suriname

  • 1. The Future of Start Up Funding Jean-luc van Charante MSc. MA. CMO @InspireSR www.inspire.sr +597-INSPIRE
  • 2. Start Up Suriname 9 out of 10 starts ups in Suriname no longer exist after 5 years 75% of young entrepreneurs struggle with raising funds for their start up
  • 3. From problem to opportunity In 2015 ● Young Entrepreneurs can’t get funded because traditional funders don’t understand their idea ● The ideas aren’t properly tested or prototyped for an audience But ● Crowdsourcing for products and services in the way to go ● There is more funding available than ever before for untested products and services
  • 4. What do we do different? Working together with: Developers who are Hackaton Winners and CANTO competers International Crowdfunding Platforms To deliver: A Social Media App focused on Crowdsourcing and Crowdfunding
  • 5. How it works ● It’s a Social Media network first, a collaboration platform second. Focus on a community with a goal ● It has incentives for creative ideas ● It focuses on matching the right people at the right time in the right place ● There is a direct link to funding
  • 6. How do we make money? ● Traffic is (not) everything ● Crowdsourcing Advertising ● Crowdfunding Fee
  • 7. Going Online ● January 2016 > Inspire Campaign for Content, Premium Accounts, Influencers ● February 2016 > Interactive Interface roll-out, Free business accounts ● April 2016 > Crowdfunding Module
  • 8. The Competition From Local to Global: Any Surinamese App (Radio Suriname, ATV, Into Suriname, Social Suriname, SR Nieuws) Any Video/Photo App (Snapchat, Instagram, Facebook, Youtube, Vine, LinkedIn) Any Crowdfunding (IndieGogo, KickStarter, TeamFunder, Crowdfunding.Biz)
  • 10. Financial Projections 2016: Downloads: 10.000 Active Users: 5.000 Concepts: 200.000 Projects: 25.000 Funders: 5.000 Funded: $50.000 2017: Downloads: 25.000 Active Users: 11.000 Concepts: 500.000 Projects: 40.000 Funders: 10.000 Funded: $150.000 2018: Downloads: 60.000 Active Users: 25.000 Concepts: 1.000.000 Projects: 75.000 Funders: 18.000 Funded: $500.000
  • 11. Current Status March 2015 - Tested Crowdfunding Infrastructure June 2015 - Photo & Video Posting platform installed August 2015 - Mobile Payment API