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Propel Arizona: Crowdfunding for Communities

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Propel Arizona: Crowdfunding for Communities

  1. 1. CROWDFUNDING has arrived! Propel Arizona – CJ Cornell @PropelArizona @cjcornell
  2. 2. Crowdfunding •What is Crowdfunding? Fact vs Fiction. •How does it work? & Why does it work? •How can we use crowdfunding? •Success & benefits: For entrepreneurs & communities Beyond the headlines and hype: How can crowdfunding help our economy?
  3. 3. CJ Cornell is ...
  4. 4. First, let’s talk about … Entrepreneurship & Arizona
  5. 5. 1 # AZ Entrepreneurship
  6. 6. 10 top Places to do business …
  7. 7. 46th in the U.S.A. venture capital, equity investing
  8. 8. We’re Great at Starting up (planting Seeds) ** ** and just AWFUL at outcomes – quality, scale, wealth & economic growth …
  9. 9. WE‟RE NOT THE ONLY ONES … ** (fostering entrepreneurial success is hard)
  10. 10. Starting a company is easier than ever … … but growing a company is harder & riskier than ever …
  11. 11. The Series-A Crunch
  12. 12. What is Crowdfunding ?
  13. 13. The safety of crowds The passion of crowds The wisdom of the crowds Crowdfunding
  14. 14. Source: http://theyec.org/making-sense-of-the-jobs-act-and-crowdfunding-infographic/
  15. 15. • Source – http;//crowdfunder.com
  16. 16. 0 Equity (investment) crowdfunding in US cases
  17. 17. 2015 Equity crowdfunding practical in US
  18. 18. 0 FRAUD cases
  19. 19. Rewards based, “contribution” crowdfunding The Kickstarter model – „donations‟
  20. 20. Kickstarter (2012) 2.2 million people pledged a total of $319,786,629 (up 221% from 2011) Backers pledged $606.76 per minute People in 177 countries backed a project in 2012 (That's 90% of the countriesin the world)
  21. 21. days Crowdfunding is measured in …
  22. 22. Entrepreneurship
  23. 23. Crowdfunding Arizona Can it jumpstart entrepreneurship?
  24. 24. 1. Kickstarter “Fails” Arizona does poorly …
  25. 25. 2. Members =/ Supporters % of supporters is the key ….
  26. 26. 3. Entrepreneurship is Different Products, Companies, Entrepreneurs …
  27. 27. 4. The role of “Ecosystem” Incubators, accelerators, mentors etc ..
  28. 28. 5. The power of Community Shared Goals, Passions, Outcomes …
  29. 29. Shared Goals, Passions, Outcomes …
  30. 30. Crowdfunding for Entrepreneurship & Economic Growth Shared Goals, Passions, Outcomes …
  31. 31. People as Important as Projects … Organizations & Affiliations …
  32. 32. Entrepreneurs success as much as funding …
  33. 33. $15k - $100k *(Average $50k) ….
  34. 34. Crowdfunding for Entrepreneurship & Economic Growth

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