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Vfb2012 funding your startup crowd cube darren westlake

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Business Masterclasses - Funding your startup

Business Masterclasses - Funding your startup

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  • Kiva - Despite being only 39 months old it has raised over $87m, funding over 213,000entrepreneurs. They have over 500,000 lenders worldwide.Ebbsfleet United Football Club was bought by approximately 26,000people each paying £35 - £910,000Zopa - have over 300,000 members and total disbursals have reached £50m.

Transcript

  • 1. Darren WestlakeVenturefest 2012
  • 2. The Status QuoA wealth of entrepreneurial talent• UK has lots of great ideas• Need to cultivate ideas into the next Google/Twitter/GroupOn Google says searches for• Often stifled by access to Money "business plan UK" have increased by 60% over the past year and searches for "small business loan" are up by 34%
  • 3. The Status QuoThe Status Quo• Venture capital difficult to find for smaller requirements• Debt finance hard to come by• Business angels – limited investments • Typically a syndicate each investing £10k - £100k• What if there was a way to have say 5000 angels each investing £10?• What if anyone could become a business angel?
  • 4. Crowdcube and CrowdfundingWhat is Crowdcube?• Crowdcube provides a web-based central hub for entrepreneurs to meet micro-investors. It uses the power of Crowdfunding to provide a unique service to two types of people: • for entrepreneurs to source funding more accessibly than conventional routes • for smaller investors to have the opportunity to invest in exciting high- potential businesses “$100 invested in Microsoft at their IPO would now be worth approximately $35k.”
  • 5. Crowdfunding Crowdfunding• Crowdfunding is an approach to raising the capital required for a new project or enterprise by appealing to large numbers of ordinary people for small donations• Social Media• Crowdfunding examples • Kiva.org - $325m funding raised, >777,000 lenders, ~800,000 entrepreneurs • Kickstarter.com – >24,000 projects funded, > $250m pledged to- date, 2m people have pledged
  • 6. Crowdfunding
  • 7. How it works
  • 8. How it works
  • 9. How it works
  • 10. BenefitsBenefits
  • 11. Business modelSuccess so far… Deals successfully funded £4.2 million 30 funded so far… £100,000 >24,000 largest single investment members£1,800 £1 millionav. investment biggest deal
  • 12. Thanks Questions?www.crowdcube.com