Propel Arizona Crowdfunding Essentials - for NACET

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Propel Arizona seminar/presentation for NACET May 30th 2013

Propel Arizona seminar/presentation for NACET May 30th 2013

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  • ** Phoenix Business Journal, SJ Bus Journal
  • Gogetfunding.com

Transcript

  • 1. 10+ companies$250M Funding 4 Exits (great !)$3B Revenues 4 Failures (awful !)Lots of lessons. Chaos, Pain and Joy.‘Serial/Parallel Entrepreneur”EIR, Venture PartnerAngel Investor5 Companies 9 Boards3,000 Tylenol Caplets. Ego and Brain Atrophy.Investor/Venture CapitalistProfessor of Digital Media & EntrepreneurshipArizona State University, SJSU, Stanford (Lecturer)New York Institute of TechnologyKnight Center for Digital Media EntrepreneurshipResearch in digital media, behavior, entrepreneurshipUniversity ProfessorAdvisor/Mentor, Author etc.ASU – Skysong, Venture Catalyst, RSS etcArizona Commerce Authority / Venture readyArizona Innovation ChallengeBook: Age of Metapreneurship. Blog/ArticlesCJ Cornell@cjcornellcj@cjcornell.com
  • 2. Source: http://theyec.org/making-sense-of-the-jobs-act-and-crowdfunding-infographic/
  • 3. The safety of crowdsThe passion of crowdsThe wisdom of the crowdsCrowdfunding
  • 4. • Source – http;//crowdfunder.com
  • 5. Kickstarter (2012)2.2 million people pledged a total of$319,786,629(up 221% from 2011)Backers pledged $606.76 per minutePeople in 177 countries backed a project in 2012(Thats 90% of the countriesin the world)
  • 6. Crowdfunding ArizonaCan it jumpstart entrepreneurship?
  • 7. 1. Kickstarter “Fails”Arizona does poorly …
  • 8. 2. Members =/ Supporters% of supporters is the key ….
  • 9. 3. Entrepreneurship is DifferentProducts, Companies, Entrepreneurs …
  • 10. 4. The role of “Ecosystem”Incubators, accelerators, mentors etc ..
  • 11. 5. The power of CommunityShared Goals, Passions, Outcomes …
  • 12. Shared Goals, Passions, Outcomes …
  • 13. Crowdfunding for Entrepreneurship & Economic GrowthShared Goals, Passions, Outcomes …
  • 14. People as Important as Projects …Organizations & Affiliations …
  • 15. Entrepreneurs success as much as funding …
  • 16. $15k - $100k *(Average $50k) ….