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Crowdfunding information shared at #BlogItSATX May 10th at Geekdom by L.A. Lorek

Crowdfunding information shared at #BlogItSATX May 10th at Geekdom by L.A. Lorek

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  • 1. Welcome to #BlogItSATX
  • 2. I’m Laura Lorek Founder of Silicon Hills News
  • 3. Thank You • To all of our great speakers: • Yusuf Chowdhury • Inga Munsinger Cotton • Dawn Cole • Susan Price • Amanda Gentis • Alicia Arenas • Jennifer Navarette and Rita Hernandez • Karl Staib • Stacy Teet • Erin Chase • Melanie Mendez Gonzales • Fran Stephenson
  • 4. Tweet!! • #BlogItSATX Also on Facebook: BlogItSA page – we’ll post presentations there. Best resource for local bloggers: San Antonio Bloggers Group on Facebook – run by Colleen Pence, Debi Pfitzenmaier and Stacy Teet
  • 5. Room for Improvement Breakout session headed up by Susan Price of Firecat Studio from 1:00 p.m. to 3;00 p.m. for people who need help on specific issues.
  • 6. Crowfunding By Laura Lorek @lalorek #BlogItSATX
  • 7. Basics of Crowdfunding PERKS-Based (Kickstarter, Indiegogo) Debt – ( - loans) Equity-based crowdfunding from non-accredited investors (not legal yet in U.S. but it’s coming – Legal in the U.K. & Australia. Angellist – Raising funds from accredited investors
  • 8. Equity-based Crowdfunding CrowdCube in the U.K. CrowdCube launched in 2010 and finances, on average, $88,000 per company. But only 7 percent of the companies seeking investment are successful.
  • 9. IndieGoGo
  • 10. Dozens of Crowdfunding Sites Exist • Fundable is an online crowdfunding platform for small businesses • Crowdfunder • EarlyShares is an equity-based crowdfunding site for companies. • SeedInvest is an equity-based crowdfunding site for companies. • RocketHub allows people to raise money for projects and goods.
  • 11. RocketHub
  • 12. RocketHub The average contribution on RocketHub is $75. Most projects last between 30 to 45 days. The Fundraising sweet spot is between $3,500 and $35,000
  • 13. Three Pillars to Success • 1. A great project • 2. Strong network of supporters • 3. Cool goods in exchange for a financial contribution
  • 14. How to Succeed? The secret to success is to have an awesome project spearheaded by real people who are passionate.
  • 15. If You Crowdfund • Protect Yourself from Lawsuits • Make sure to incorporate your business so that the liability is on the business and not on you in case the business or project fails.
  • 16. Tap into Your Social Network
  • 17.