Recommended
More Related Content
Viewers also liked
Similar to Global Crowdfunding Seminar - Focus Emerging Markets ¬ Wyse and Company Limited- june 14th 2014
Similar to Global Crowdfunding Seminar - Focus Emerging Markets ¬ Wyse and Company Limited- june 14th 2014 (20)
Recently uploaded
Recently uploaded (16)
Global Crowdfunding Seminar - Focus Emerging Markets ¬ Wyse and Company Limited- june 14th 2014
- 1. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Why is Crowdfunding not just about funding? John Wyse (Wyse and Company Limited , UK) Humphrey Akanazu (Wyse and Company Limited, Nigeria) Olga Galushko (Wyse and Company Limited, Ukraine) Wyse and Company Limited UK I-Know Factory Sheffield (UK), Abuja (Nigeria), and Kiev (Ukraine)
- 2. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Crowdsourcing: an extraordinary processes which involves ordinary people… Crowd: a group of undefined people involved for their original views or inputs or untapped source of funds
- 3. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Crowdsourcing: solvers are self selected … Selection of Crowd participants: solvers self select themselves to the task. We only find out who has participated ex-post
- 4. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Crowdsourcing: a “family” of concepts with novel inputs… Crowdwisdom Crowdfunding Crowdselection Crowdcreation Crowd provides funds for new projects in many forms ; i.e. Indie- Gogo; Kickstarter, etc. Project can be partitioned without loosing its nature; i.e. Amazon’s Turk Project cannot be partioned; i.e. Innocentive Crowd selects concepts or ideas that best fit certain criteria i.e.Google Corporation
- 5. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Crowdsourcing: is it all about «the money»?... “Three out of four Venture Funded initiatives fail” WSJ 2012 a different way to measure success? a different approachs to help develop ventures in Emerging Markets? ?
- 6. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Problems of Emerging Markets’ start ups: the issue of funding is just one Accessing venture capital Closing a first sales contract leveraging the innovation potential hiring skilled staff utilizing and absorbing knowledge
- 7. Wyse & Company Limited UK Know Factory Know Factory The vivacity of the capital market in a region depends on… a preference for subsidies the degree of acceptance of third party investment in own firm the degree of maturity of different market segments in the value chain the physical and cultural proximity of investor and entrepreneurs the absence of public schemes to help SMEs secure their first order
- 8. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Not all crowdfunding processes are made the same (I) Crowd may obtain a tangible item or service in return…. Starteed, Gofundme.com, b) Reward…. a) Donation based…. Crowd may provides a gift for a charitable cause…. i.e. Kick Starter , Indiegogo, Ideame.com, Starteed.com
- 9. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Not all crowdfunding processes are made the same (II) c) Equity based…. Crowd may invest in a stake in a company… i.e. Sterling Funder d) Leading debt... Crowd may get paid back over a fixed period … i.e. Funding Circle (US), Zopa, Ratesetter, Lending Club, Prosper, Zidisha, Index Ventures, Assetz Capital,
- 10. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Some special cases (III) e) Performing Arts... Crowd may help finance artistic endeavours… i.e. Sponsume; Crowd may fund different design objects.. i.e. .Ideame.com; Vakhina; Proyectanos f) Emerging market design projects….
- 11. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory An example of a crowdfunidng portal….
- 12. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory The Crowdfunding opportunity in Emerging markets
- 13. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory work around problems of corruption, red-tape, lack of well developed equity and credit market may prosper even in spite of low strategic promise or poor infrastructural conditions may not need exorbitant amounts of financing to pursue a new market segment or a new product/service offering. Emerging market Opportunities: Entrepreneurs
- 14. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Benefits of crowdfunding 1) It provides access to capital. 2) It hedges risk. 3) It serves as a marketing tool 4) It gives proof of concept. 5) It allows brainstorming. 6) It introduces prospective customers. 7) It’s easier than traditional applications. 8) It’s free PR.
- 15. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory Our business CCM Model: Start ups- SMEs Crowdfunding Mentoring Coaching Precommercial Phase Commercial Phase
- 16. Wyse & Company Limited UK Know Factory Know Factory Wyse & Company Limited UK Know Factory Know Factory THANK YOU!