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CROWD
FUNDING
– finance your project by
engaging your fans




Martin Thörnkvist, @thornkvist

                                 By:larm, Oslo. 18 February 2011
Agenda
What is crowdfunding?
Why should we care?
Advice on how to do it
Good examples
Definition
 Crowdsourcing
”model for
   distributed
problem solving”
        Crowdsourcing

creation, voting, wisdom, funding
”cooperation by a
group of people to
montery support a
    project”
     Crowdfunding
Why?
Part of your business model
Jill Sobule
$100 - Copper Level:
  T-shirt saying you're a
junior executive producer
      on the album.
$500 - Gold Level:
 This is where it gets good!
At the end of my CD, I'll do a
   fun instrumental track
  where I'll mention your
            name
$10 000 - Weapons-
Grade Plutonium Level:
You get to come and sing on my
  CD. Don't worry if you can't
  sing - we can fix that on our
              end.
89 000 dollar
   53 days
 638 people
Platforms
to launch your project
   1. How much money
    2. How many days
 3. What the rewards are
      4. A selling text
kickstarter.com
   to launch your project
      1. How much money
       2. How many days
    3. What the rewards are
         4. A selling text
indiegogo.com
  to launch your project
     1. How much money
      2. How many days
   3. What the rewards are
        4. A selling text
fundedbyme.com
   to launch your project
      1. How much money
       2. How many days
    3. What the rewards are
         4. A selling text
8 advice
for a successful crowdfunding project
Good idea
  As always
Emphasize yourself
     People like people
Tell your story
Create bond and understanding
Spend time on a video
    Straight to people’s heart
Specify
Make your world easy to understand
Creative rewards
  ”(no art critics please)”
Don’t leave any
money on the table
     $100 adds most
Create a
modular story
  30 % = tipping point
Don’t forget to
spread the word
15% on Kickstarter doesn’t earn a dollar

            1. Recruit ambassadors
                2. Plant your idea
       3. Bloggers are your best friends
       4. Spread to thousand networkds
Any interest?
     The numbers
     Kickstarter 2010:
  3900 successful projects
      386 373 pledges
     27,638,318 dollars
=
     Summary
   Not just selling
 Create engagemang
Be creative all the way
Thanks.
martin@mediaevolution.se
 www.mediaevolution.se
      @thornkvist

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Crowdfunding - finance your project by engaging your fans

Editor's Notes

  1. \n
  2. - before we start -> Martin, Malmö, Songs I Wish, Moto Boy -> Media Evolution\n
  3. ensure innovation and growth in the medie businesses \n-> -esess.\n
  4. we do it together with -esess, film, musik, tv, datorspel, publishing, wenb osv\ndifferent sizes\n= benefit /strength\n
  5. focus on what affect instead of industries branscherna\n-> different industries are good at different to factors\n->learn from each other\npremise\n
  6. focus on what affect instead of industries branscherna\n-> different industries are good at different to factors\n->learn from each other\npremise\n
  7. focus on what affect instead of industries branscherna\n-> different industries are good at different to factors\n->learn from each other\npremise\n
  8. focus on what affect instead of industries branscherna\n-> different industries are good at different to factors\n->learn from each other\npremise\n
  9. focus on what affect instead of industries branscherna\n-> different industries are good at different to factors\n->learn from each other\npremise\n
  10. focus on what affect instead of industries branscherna\n-> different industries are good at different to factors\n->learn from each other\npremise\n
  11. \n
  12. \n
  13. \n
  14. \n
  15. crowd outsourcing\n- spreadshirt\n- idol\n- wikipedia \n\nanvändarfinansiering\n-> folkfinansierng\n
  16. crowd outsourcing\n- spreadshirt\n- idol\n- wikipedia \n\nanvändarfinansiering\n-> folkfinansierng\n
  17. crowd outsourcing\n- spreadshirt\n- idol\n- wikipedia \n\nanvändarfinansiering\n-> folkfinansierng\n
  18. crowd outsourcing\n- spreadshirt\n- idol\n- wikipedia \n\nanvändarfinansiering\n-> folkfinansierng\n
  19. crowd outsourcing\n- spreadshirt\n- idol\n- wikipedia \n\nanvändarfinansiering\n-> folkfinansierng\n
  20. crowd outsourcing\n- spreadshirt\n- idol\n- wikipedia \n\nanvändarfinansiering\n-> folkfinansierng\n
  21. crowd outsourcing\n- spreadshirt\n- idol\n- wikipedia \n\nanvändarfinansiering\n-> folkfinansierng\n
  22. - don’t just sell your product when it’s finnished\n- creates exitment and engagement from customers / fans\n
  23. hit 1995 i usa. 6 skivor. labels dumped her or got bankrupt \nexperimented with online distribution.\n2008 -> www.jillsnextrecord.com\n
  24. mål att dra in 75 000 dollar\n12 val -> 10 - 10 000 dollar\n
  25. mål att dra in 75 000 dollar\n12 val -> 10 - 10 000 dollar\n
  26. mål att dra in 75 000 dollar\n12 val -> 10 - 10 000 dollar\n
  27. mål att dra in 75 000 dollar\n12 val -> 10 - 10 000 dollar\n
  28. the result\n
  29. the result\n
  30. the result\n
  31. this is 2008\nsince then framworks/platforms has been developed\n-> but this is the model\n
  32. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  33. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  34. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  35. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  36. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  37. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  38. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  39. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  40. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  41. Bestäm (1) how much money you need, (2) how long you need, (3) ett datum för när finansieringsperioden är över. (4) För att transaktionen ska bli av behöver projektet bli finansierat inom tiden projektägaren bestämt. \n
  42. 1 mars\n-> minimum amout you need\n-> A milestone \n
  43. \n
  44. \n
  45. Människor stöttar personer inte projekt\n65% av lyckade projekt har lyft fram personerna bakom\n
  46. varför just dig? vilka problem/möjligheter är det fansen kan hjälpa md\n
  47. first thing we see - easy to understan, easy to be personal\nthis is simon, Phom Pen Cambodia. Wanted 25000. Made $51000\n
  48. simon asked for help with editing\n-> could say he had lot’s of great material\n\n
  49. Asobi seksu\n100 dollar\n\n
  50. Differnt levels of rewards -> 1-10000\n25 dollar most common\n100 dollar adds most\n29 dollar average in Simons project\n
  51. 30% is the tipping point for projects. 90% of those succeeds\nyou get the most money in the beginning and at the end\n
  52. 60/70% of the money comes from existing fans\nobs! -> don’t just communicate when you want money\nSimons movie -> 1737 people, 170 countries\n
  53. 60/70% of the money comes from existing fans\nobs! -> don’t just communicate when you want money\nSimons movie -> 1737 people, 170 countries\n
  54. 60/70% of the money comes from existing fans\nobs! -> don’t just communicate when you want money\nSimons movie -> 1737 people, 170 countries\n
  55. 60/70% of the money comes from existing fans\nobs! -> don’t just communicate when you want money\nSimons movie -> 1737 people, 170 countries\n
  56. 3910 projectsTotal Pledges: 386,373$27,638,318 dollars pledges\n
  57. 3910 projectsTotal Pledges: 386,373$27,638,318 dollars pledges\n
  58. 3910 projectsTotal Pledges: 386,373$27,638,318 dollars pledges\n
  59. \n
  60. \n
  61. \n
  62. \n