CrowdConf 2012: From Ideation to Exit



CAPITAL
Crowdfunding Case Study


Erick Mott
A creator (like you)




                                        @creatorbase   #crowdconf
Introduction




  community    creators              1st product
                                   creatorstand.com




                          @creatorbase   #crowdconf
The Journey: Ideation & BAMs
BAM = Big Action Moment

1980’s: Created CopyGrip in college; committed – BAM #1

2002: Updated the product; secured a patent – BAM #2

May 2012: Auditioned for ABC Shark Tank – BAM #3

July 2012: Created the new creatorstand brand – BAM #4

August 2012: Tried Kickstarter; leveraged Indiegogo – BAM #5



                                           @creatorbase   #crowdconf
Notable BAM$
     BAM #3              BAM #4                           BAM #5




   Inspired by    Created and committed           Chose the best
 ABC Shark Tank   to a new product brand          crowdfunding
                                                  platform for us


                                           @creatorbase     #crowdconf
Campaign Prep
• Experienced and read crowdfunding best practices

• Researched successful consumer product campaigns

• Clarified key objectives for the campaign/content

• Reached out to key people (core team & some funders)

• Recorded and edited the video (ours was not so good)

• Posted content … (with ongoing tweaks)


                                             @creatorbase   #crowdconf
Time to “Make a Stand”
1   Create urgency
2   Share our brand & backstory
3   Minimize risks for everyone
4   Stimulate feedback
5   Learn & tweak
6   Secure preorders & support
7   Receive cash from Indiegogo
8   Manufacture & ship …




                                  @creatorbase   #crowdconf
Now, Create a Successful Business
1    Create urgency
2    Share our brand & backstory
3    Minimize risks for everyone
4    Stimulate feedback
5    Learn & tweak
6    Secure preorders & support
7    Receive cash from Indiegogo
8    Manufacture & ship
9    Market validation?
10   Scale operation & success?

                                   @creatorbase   #crowdconf
Challenges
• Explaining to your boss and wife that you’re a creator
  outside of work (too) and want to crowdfund an idea

• Crafting a campaign that moves people to fund and share

• Overcoming the fear of asking for help/money via social
  media; engaging colleagues, friends and family via social

• Executing a successful campaign with limited resources




                                              @creatorbase   #crowdconf
Key Insights
•   Use a flexible, open platform that doesn’t filter ideas

•   Rely on experts to help with preparation and execution

•   Focus on storytelling and meaningful engagement with
    video, email and social media; don’t skimp

•   Be agile and ready to pivot based on feedback and lack of

•   Fully commit to campaign success – prior, during & after

•   Everyone should support crowdfunding

                                                @creatorbase   #crowdconf
Q&A

             creatorbase.com
          Indiegogo.com/creatorstand
                creatorstand.com
220 Park Road, Box 117636, Burlingame, CA 94010
             erick.mott@gmail.com


                                        @creatorbase   #crowdconf

Capital: Crowdfunding Case Study from CrowdConf 2012

  • 1.
    CrowdConf 2012: FromIdeation to Exit CAPITAL Crowdfunding Case Study Erick Mott A creator (like you) @creatorbase #crowdconf
  • 2.
    Introduction community creators 1st product creatorstand.com @creatorbase #crowdconf
  • 3.
    The Journey: Ideation& BAMs BAM = Big Action Moment 1980’s: Created CopyGrip in college; committed – BAM #1 2002: Updated the product; secured a patent – BAM #2 May 2012: Auditioned for ABC Shark Tank – BAM #3 July 2012: Created the new creatorstand brand – BAM #4 August 2012: Tried Kickstarter; leveraged Indiegogo – BAM #5 @creatorbase #crowdconf
  • 4.
    Notable BAM$ BAM #3 BAM #4 BAM #5 Inspired by Created and committed Chose the best ABC Shark Tank to a new product brand crowdfunding platform for us @creatorbase #crowdconf
  • 5.
    Campaign Prep • Experiencedand read crowdfunding best practices • Researched successful consumer product campaigns • Clarified key objectives for the campaign/content • Reached out to key people (core team & some funders) • Recorded and edited the video (ours was not so good) • Posted content … (with ongoing tweaks) @creatorbase #crowdconf
  • 6.
    Time to “Makea Stand” 1 Create urgency 2 Share our brand & backstory 3 Minimize risks for everyone 4 Stimulate feedback 5 Learn & tweak 6 Secure preorders & support 7 Receive cash from Indiegogo 8 Manufacture & ship … @creatorbase #crowdconf
  • 7.
    Now, Create aSuccessful Business 1 Create urgency 2 Share our brand & backstory 3 Minimize risks for everyone 4 Stimulate feedback 5 Learn & tweak 6 Secure preorders & support 7 Receive cash from Indiegogo 8 Manufacture & ship 9 Market validation? 10 Scale operation & success? @creatorbase #crowdconf
  • 8.
    Challenges • Explaining toyour boss and wife that you’re a creator outside of work (too) and want to crowdfund an idea • Crafting a campaign that moves people to fund and share • Overcoming the fear of asking for help/money via social media; engaging colleagues, friends and family via social • Executing a successful campaign with limited resources @creatorbase #crowdconf
  • 9.
    Key Insights • Use a flexible, open platform that doesn’t filter ideas • Rely on experts to help with preparation and execution • Focus on storytelling and meaningful engagement with video, email and social media; don’t skimp • Be agile and ready to pivot based on feedback and lack of • Fully commit to campaign success – prior, during & after • Everyone should support crowdfunding @creatorbase #crowdconf
  • 10.
    Q&A creatorbase.com Indiegogo.com/creatorstand creatorstand.com 220 Park Road, Box 117636, Burlingame, CA 94010 erick.mott@gmail.com @creatorbase #crowdconf