From Bootstrapping to Crowdfunding, the financing of startup companies requires a range of considerations along with "funding creativity" and strong dose of persistence. Great value propositions have to find a way to get funded. Here's how.
The Startup Ecosystem - Maxime Pico Startup42Maxime Pico
All you need to know to begin your journey in the startup world. Sources, Comments, References, FAQs.
This is from a lecture I give to first-time entrepreneurs and people who want to know more about this ecosystem
Intro to the Austin Startup Scene - Damon ClinkscalesDamon Clinkscales
Get the lowdown of what's going on in the Austin startup scene. These slides are from the Intro to the Austin Startup Scene meetup at Capital Factory http://bit.ly/welcome2austin .
Josh Baer's version of this presentation can be seen at this link http://bit.ly/intro2austin.
delivered presentation again (and updated the slides) on July 29, 2014.
WATCH THE VIDEO AT http://youtu.be/aU9_a-MyeDg
Joshua Baer from Capital Factory gives a comprehensive overview of the Austin Startup Scene including it's unique elements, some history, the up and coming stars, the organizers, happy hours, meetups, coffee shops, coworking spots, incubators, university resources, venture capital and more.
Welcome to Austin! Here are the things you need to know about the Austin entrepreneurial and tech community.
Most important is that you sign up by email for the Austin Startup Digest, a weekly email with all of the events going on in the Austin entrepreneurship scene.
SIGN UP FOR EMAIL LISTS
Weekly Startup Calendar
http://startupdigest.com/austin
Weekly Video Interview
http://weareaustintech.com/
WATCH THIS VIDEO
Intro to the Austin Startup Scene (1 hour)
http://youtu.be/aU9_a-MyeDg
ATTEND THE NEXT MEETUP
Intro to the Austin Startup Scene Meetup
http://bit.ly/welcome2austin
FOLLOW ON TWITTER
JOIN FACEBOOK GROUPS
READ BLOGS
COWORKING
COFFEE SHOPS DOWNTOWN
COFFEE SHOPS IN THE BURBS
HAPPY HOURS
ENTREPRENEUR MEETUPS
TECHNICAL MEETUPS
HACKING MEETUPS
CLASSES
EVENTS
INCUBATORS
VENTURE CAPITAL
DEV SHOPS
LEGAL
PRESS CONTACTS
PUBLIC RELATIONS
REAL ESTATE
ACCOUNTS & TAXES
RECRUITING
EVENT PLANNING
ASSOCIATIONS
STARTUPS TO WATCH
ATX EQUATION
PHILANTHROPY
AUSTIN FUN
Seed Fundraising and Angels; Entrepreneurs Roundtable Accelerator (ERA)Thomas Wisniewski
This is a presentation from a recent workshop I led at Entrepreneurs Roundtable Accelerator for the current (Summer 2014) class of start-up founders. New format; content from prior presentations of mine.
This is a free orientation to help new and aspiring entrepreneurs learn how to plug in to the Dallas startup scene. Get the inside scoop from one of the local community leaders to get acquainted with the exciting entrepreneur scene in Dallas.
Crowd sourcing is an invitation to all people in the crowd to create, discuss, refine and rank meaningful ideas or tasks or contributions via the web.
Today organizations are using crowd sourcing for a variety of purposes,
The presentation details, The crowd sourcing landscape, who can use crowd sourcing, when to use crowd sourcing, Why should an organization use crowd sourcing, The building blocks of crowd sourcing, The crowd sourcing process and success stories associated with crowd Sourcing
From Bootstrapping to Crowdfunding, the financing of startup companies requires a range of considerations along with "funding creativity" and strong dose of persistence. Great value propositions have to find a way to get funded. Here's how.
The Startup Ecosystem - Maxime Pico Startup42Maxime Pico
All you need to know to begin your journey in the startup world. Sources, Comments, References, FAQs.
This is from a lecture I give to first-time entrepreneurs and people who want to know more about this ecosystem
Intro to the Austin Startup Scene - Damon ClinkscalesDamon Clinkscales
Get the lowdown of what's going on in the Austin startup scene. These slides are from the Intro to the Austin Startup Scene meetup at Capital Factory http://bit.ly/welcome2austin .
Josh Baer's version of this presentation can be seen at this link http://bit.ly/intro2austin.
delivered presentation again (and updated the slides) on July 29, 2014.
WATCH THE VIDEO AT http://youtu.be/aU9_a-MyeDg
Joshua Baer from Capital Factory gives a comprehensive overview of the Austin Startup Scene including it's unique elements, some history, the up and coming stars, the organizers, happy hours, meetups, coffee shops, coworking spots, incubators, university resources, venture capital and more.
Welcome to Austin! Here are the things you need to know about the Austin entrepreneurial and tech community.
Most important is that you sign up by email for the Austin Startup Digest, a weekly email with all of the events going on in the Austin entrepreneurship scene.
SIGN UP FOR EMAIL LISTS
Weekly Startup Calendar
http://startupdigest.com/austin
Weekly Video Interview
http://weareaustintech.com/
WATCH THIS VIDEO
Intro to the Austin Startup Scene (1 hour)
http://youtu.be/aU9_a-MyeDg
ATTEND THE NEXT MEETUP
Intro to the Austin Startup Scene Meetup
http://bit.ly/welcome2austin
FOLLOW ON TWITTER
JOIN FACEBOOK GROUPS
READ BLOGS
COWORKING
COFFEE SHOPS DOWNTOWN
COFFEE SHOPS IN THE BURBS
HAPPY HOURS
ENTREPRENEUR MEETUPS
TECHNICAL MEETUPS
HACKING MEETUPS
CLASSES
EVENTS
INCUBATORS
VENTURE CAPITAL
DEV SHOPS
LEGAL
PRESS CONTACTS
PUBLIC RELATIONS
REAL ESTATE
ACCOUNTS & TAXES
RECRUITING
EVENT PLANNING
ASSOCIATIONS
STARTUPS TO WATCH
ATX EQUATION
PHILANTHROPY
AUSTIN FUN
Seed Fundraising and Angels; Entrepreneurs Roundtable Accelerator (ERA)Thomas Wisniewski
This is a presentation from a recent workshop I led at Entrepreneurs Roundtable Accelerator for the current (Summer 2014) class of start-up founders. New format; content from prior presentations of mine.
This is a free orientation to help new and aspiring entrepreneurs learn how to plug in to the Dallas startup scene. Get the inside scoop from one of the local community leaders to get acquainted with the exciting entrepreneur scene in Dallas.
Crowd sourcing is an invitation to all people in the crowd to create, discuss, refine and rank meaningful ideas or tasks or contributions via the web.
Today organizations are using crowd sourcing for a variety of purposes,
The presentation details, The crowd sourcing landscape, who can use crowd sourcing, when to use crowd sourcing, Why should an organization use crowd sourcing, The building blocks of crowd sourcing, The crowd sourcing process and success stories associated with crowd Sourcing
Netwealth educational webinar - Top 10 learnings from Silicon Valley fintech ...netwealthInvest
Michelle Baltazar, Director of Media at Financial Standard, shared digital trends and insights that are set to impact the financial planning industry, gained first hand from her recent tour of Silicon Valley.
BeWise lecture: Sven Illing "Introduction to Venture Capital" @ Estonian Busi...JCI Tallinn BeWise
Sven Illing is a business developer, adviser and investor working with hi-tech companies. In his lecture he gave an overview of the topic, drawing examples from his personal experiences. The talk touched upon the following topics:
• Overview of the venture capital industry in Europe and the U.S.;
• Early stage financing options for start-ups, including start up accelerators;
• Practical steps in the capital raising process.
Sven Illing is a startup adviser and investor through iCapital and startup accelerators GameFounders and Buildit. During last 10 years he has helped 100+ teams with advice & contacts and invested in 37 startups.
QUIZ 3CMUN 272April 3, 2017Note You need to do two ou.docxmakdul
QUIZ 3 CMUN 272 April 3, 2017
Note: You need to do two out of three quizzes. If you did not do quiz 2, you must do quiz 3. If you choose to do three quizzes the lesser grade will be dropped. If you partnered for a previous quiz, do this alone. If you did previous quiz(zes) alone, you may partner with someone else for quiz 3.
Date due: Thursday, April 13, at 1:00 p.m. Please submit a hard copy in class and post an electronic copy in Sakai> Assignments. If you do quiz with someone else, submit only one hard copy but upload separately in Sakai.
Length: 2-3 pp. Single space. Double-sided is OK. You are encouraged to attach images. They do not count towards the minimum amount of pages. Please consult external references to back up or confirm historical or political facts, and consider the use of one or more maps.
· Make sure your answers are 1) well organized; 2) carefully proofread; 3) well argued for (with claims and evidence); and 4) cogent. Always re-read final draft to make sure you have addressed the questions asked.
· Be sure to cite, quote and paraphrase the textbook in a substantial manner (i.e., you need to demonstrate deep familiarity with the chapter’s content)
· Always re-read questions and final draft (aloud) to make sure you have addressed the questions asked.
· In order to answer this quiz you need to use and cite Chs. 4-5 from Sorrells (2013), as well as one of the films listed below.
· Use external sources to support your answers, and include a reference list.
· Provide a brief synopsis of the film and basic data (director, date of release, country of origin, actors, producers)
· Provide strong introductory and conclusion paragraphs
· Consider using stills from the film chosen.
Question: Using one the films listed below, please define, explain and apply four of the following clusters of concepts:
· Ascribed and avowed identity
· Cultural Spaces ( contested, hybrid, or segregated )
· Waves of immigration (first, second, third) and world systems theory
· Stages of adaptation (anticipation, shock and adjustment; and re-entry)
· Migrant-Host modes of relationship ( Assimilation, Separation, Marginalization, Integration)
· Migrant networks and Social capital.
Feature Films: Maria Full of Grace, Persepolis. Documentary: Which way home.
Now Anyone Can Invest in Startups—if They Have the Stomach for It
When Oculus VR sold to Facebook for $2 billion in 2014, some asked: What if the people who backed the virtual-reality startup two years earlier on the crowdfunding site Kickstarter had received shares instead of T-shirts or VR headsets?
They might have seen $100 turn into $14,000, says Richard Swart, chief strategy officer of NextGen Crowdfunding.
Until the past year or two, the Oculus approach to crowdfunding was the only one available to everyday investors who aren’t wealthy. Federal law prohibited Kickstarter and similar platforms from offering shares to backers, so startups doled ...
DOWNLOAD THIS PDF for all the links to be active.
Recruiting talent in the "Great Resignation" era is more than challenging. We created a resource of creative recruiting strategies to assist all concerned. It was such a success that we have made more recruitment marketing ideas available in this free resource.
For more information on how we can help you attract, hire and retain talent, contact us. We would welcome the conversation. https://proactivetalent.com/contact-us
Read the article this is based on here:
"More Creative Recruiting Strategies" https://bit.ly/3EnxnFS
Future of entrepreneurship report 2019 cj cornellCJ Cornell
So, you read Mary Meeker's legendary "Internet Trends 2019" report, and your life forever changed. Now take a peek at the "Tech Entrepreneurship - Trends 2019" Report.
Learn about:
- where entrepreneurship is thriving
- what VCs and Entrepreneurs spend their time on.
- the new stats on startup funding.
- who is really getting funding.
- the most effective business models
and more!
#entrepreneurship #vc #venturecapital #startup #startups #entrepreneurs #startupfunding #vcs #failureporn #tech
Vanguard Entrepreneurship (overview) - Beyond the Lean Startup by CJ Cornell ...CJ Cornell
Phoenix Startup Week Presentation by CJ Cornell
Vanguard Entrepreneurship - Beyond the Lean startup by
0215pm wed feb 25th -
at zion and zion
http://sched.co/2J2L
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Webinar Exploring DORA for Fintechs - Simont Braun
Sustainable Tucson - Crowdfunding Panel - Feb 11th 2013
1. Crowdfunding
WYNTK
* (what you need to know)
Driving Entrepreneurship
and Economic Growth
Sustainable Tucson , 11 February 2013 CJ Cornell
2. CJ Cornell
10+ companies
$250M Funding 4 Exits (great !)
$3B Revenues 4 Failures (awful !)
Lots of lessons. Chaos, Pain and Joy.
‘Serial/Parallel Entrepreneur”
EIR, Venture Partner
Angel Investor
5 Companies 9 Boards
3,000 Tylenol Caplets. Ego and Brain Atrophy.
Investor/Venture Capitalist
Professor of Digital Media & Entrepreneurship
Arizona State University, SJSU, Stanford (Lecturer)
New York Institute of Technology
Knight Center for Digital Media Entrepreneurship
Research in digital media, behavior, entrepreneurship
University Professor
Advisor/Mentor, Author etc.
ASU – Skysong, Venture Catalyst, RSS etc
Arizona Commerce Authority / Venture ready
Arizona Innovation Challenge
Book: Age of Metapreneurship. Blog/Articles
@cjcornell
cj@cjcornell.com
4. Crowdfunding
Soliciting & Collecting relatively small amounts
of money (“funding”) from a large number of
people (“crowd”)
WYNTK
(what you need to know)
10. capital = new companies ?
capital = survival ?
capital = growth ?
11. The Kauffman Index of Entrepreneurial
Activity is a leading indicator of new
business creation in the United States.
In 2012 - The state with the HIGHEST level of
Entrepreneurial Growth was …
Arizona.
12. # 1 in Entrepreneurial Growth
# 46th in Venture Capital $
31. 5 APRIL, 2012 (AND … AUGUST 2012, DECEMBER 2012 …)
Jumpstart Our Business Startup
ACT, Title III (JOBS Act).
32. Equity Crowdfunding - JOBS
• Eliminates ban on general solicitation and general advertising in connection with
private offerings to accredited investors under Regulation D (Rule 506) and to qualified
institutional buyers under Rule 144A.
• Exemption from Securities Act registration “crowdfunding” transactions (involving
access to small amounts of capital through the internet).
• Exemption to allow issuance of up to $50 million of securities in any 12-month
period, up from the current $5 million threshold
• An increase in the number of shareholders a company may have before being required
to register its common stock with the SEC and become a public reporting company
from 500 to 2,000 total shareholders, including up to 500 “unaccredited” shareholders
• Amount each person may invest in offerings of this type, tiered by the person's net
worth or yearly income.
34. www.propelarizona.com
WYNTK
(what you need to know)
BEFORE - (SEC “Reg D” Rule 504, 505, 506, 144a) … Since 1933
– 35 Unaccredited Investors (max), Unlimited Accredited
– 500 Shareholders (max)
– $1M max per 12 months, or $5M+ w/Reporting & restrictions
– No “General Solicitations”
AFTER - (JOBS Act) … 2013, maybe
– General Solicitations – to accredited investors
– 35 Unaccredited Investors (max), Unlimited Accredited
– 500 Shareholders (max)
– $1M max per 12 months, or $5M+ w/Reporting & restrictions
– No “General Solicitations” to unaccredited investors
35. • Source – SEC.Gov
any offers or sales of securities purporting to rely on
the crowdfunding exemption would be unlawful under federal securities
laws.
36. But,
if you think the JOBS act
moves the SEC into
the 21st century …
37. SAN FRANCISCO, Dec 6 (Reuters) - Netflix Inc said on Thursday
securities regulators warned they may bring civil action against the
company and its chief executive for violating public disclosure rules with
a Facebook post …
39. Case One: Australia – Equity Crowdfunding
The Australian Small Scale Offerings Board (www.ASSOB.com.au), founded in 2007, is the largest
investment crowdfunding platform in Australia and one of the largest in the world. It is an equity
crowdfunding platform that has successfully served both accredited and non-accredited investors since its
inception over 5 years ago, raising $130,409,669 since 2007. 132 companies have been funded to date and
not a single case of fraud has been reported.
Case Two: UK – Equity Crowdfunding
Crowdcube (www.crowdcube.com) is the largest equity-based crowdfunding platform in the UK has been
operating since February 15, 2011 with no reported fraud. Crowdcube operates within the current
securities framework within the UK and allows issuers to raise equity capital using an online portal.
29 pitches have been funded with £4.25M. Average raise is £146,552. Average equity given up is
16%. Average numbers of investors is 63. Average days to fund are 51. Average age of entrepreneur is 40
and total number of registered investors is 24,023. No fraud has been reported.
Fraud?
http://www.crowdfundcapitaladvisors.com/resources/26-resources/120-crowd-detects-fraud.html
not a single case of fraud has been reported.
No fraud has been reported.
40. Fraud?
Case Four: US - Fraud Derailed
An example of fraud that was derailed on a portal is a campaign on Kickstarter called
Mythic. FromTechdirt.com: “A recent video game project on Kickstarter that turned out to be fake. As
BetaBeat reports, the crowdsourcing scam was exposed by a crowdsourced investigation:
... a campaign for an action video game, MYTHIC: The Story Of Gods and Men, has just been busted by
forum users at Reddit, SomethingAwful and Rock, Paper, Shotgun. The creators claimed to be an
independent studio, “Little Monster Productions,” of 12 industry veterans in Hollywood. “Our team has
done a significant amount of work on the World of Warcraft series as well as Diablo 2 and the original
Starcraft,” says the project page.
Bull____, said the Internet. Turns out the art was cribbed, the text for backer rewards was copied and
pasted from another Kickstarter project, and even the office photos were from another game
studio, Burton Design Group.
When people brought their accusations to the Kickstarter comments, the developers made a few weak
attempts at deflection then quietly shut down having raised just under $5,000 (far short of their goal, so
that money won't actually be released). With Kickstarter gaining more attention every day, we're sure to
see more attempts at scams—and maybe even some successes—but with a savvy community that polices
itself like this, the scammers face an uphill battle.”
http://www.crowdfundcapitaladvisors.com/resources/26-resources/120-crowd-detects-fraud.html
the crowdsourcing scam was exposed by a crowdsourced investigation
41. Fraud?
Case Four: US - Fraud Derailed
An example of fraud that was derailed on a portal is a campaign on Kickstarter called
Mythic. FromTechdirt.com: “A recent video game project on Kickstarter that turned out to be fake. As
BetaBeat reports, the crowdsourcing scam was exposed by a crowdsourced investigation:
... a campaign for an action video game, MYTHIC: The Story Of Gods and Men, has just been busted by
forum users at Reddit, SomethingAwful and Rock, Paper, Shotgun. The creators claimed to be an
independent studio, “Little Monster Productions,” of 12 industry veterans in Hollywood. “Our team has
done a significant amount of work on the World of Warcraft series as well as Diablo 2 and the original
Starcraft,” says the project page.
Bull____, said the Internet. Turns out the art was cribbed, the text for backer rewards was copied and
pasted from another Kickstarter project, and even the office photos were from another game
studio, Burton Design Group.
When people brought their accusations to the Kickstarter comments, the developers made a few weak
attempts at deflection then quietly shut down having raised just under $5,000 (far short of their goal, so
that money won't actually be released). With Kickstarter gaining more attention every day, we're sure to
see more attempts at scams—and maybe even some successes—but with a savvy community that polices
itself like this, the scammers face an uphill battle.”
http://www.crowdfundcapitaladvisors.com/resources/26-resources/120-crowd-detects-fraud.html
the crowdsourcing scam was exposed by a crowdsourced investigation
42.
43. Fraud?
Case Four: US - Fraud Derailed
An example of fraud that was derailed on a portal is a campaign on Kickstarter called
Mythic. FromTechdirt.com: “A recent video game project on Kickstarter that turned out to be fake. As
BetaBeat reports, the crowdsourcing scam was exposed by a crowdsourced investigation:
... a campaign for an action video game, MYTHIC: The Story Of Gods and Men, has just been busted by
forum users at Reddit, SomethingAwful and Rock, Paper, Shotgun. The creators claimed to be an
independent studio, “Little Monster Productions,” of 12 industry veterans in Hollywood. “Our team has
done a significant amount of work on the World of Warcraft series as well as Diablo 2 and the original
Starcraft,” says the project page.
Bull____, said the Internet. Turns out the art was cribbed, the text for backer rewards was copied and
pasted from another Kickstarter project, and even the office photos were from another game
studio, Burton Design Group.
When people brought their accusations to the Kickstarter comments, the developers made a few weak
attempts at deflection then quietly shut down having raised just under $5,000 (far short of their goal, so
that money won't actually be released). With Kickstarter gaining more attention every day, we're sure to
see more attempts at scams—and maybe even some successes—but with a savvy community that polices
itself like this, the scammers face an uphill battle.”
http://www.crowdfundcapitaladvisors.com/resources/26-resources/120-crowd-detects-fraud.html
the crowdsourcing scam was exposed by a crowdsourced investigation
Bull____, said the Internet. Turns out the art was
cribbed, the text for backer rewards was copied and
pasted from another Kickstarter project, and even the
office photos were from another game studio, Burton
Design Group.
46. WYNTK
(what you need to know)
• Equity Crowdfunding - not in the USA (yet)
• JOBS act (April 2012) technically enables CF – but has
not yet been approved by SEC.
• No documented fraud in USA or other areas.
• Equity CF is for “high growth companies” seeking
significant funding from experienced investors
• Will dramatically change in 3-5 years (CJ prediction)
56. 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)
60. Lessons from Ethan Mollick’s “The Dynamics of Crowdfunding: Determinants of Success and Failure”
61. 3 Why’s: 1. They connect to the greater
purpose of the campaign
2. They connect to a physical
aspect of the campaign like the
rewards
3. They connect to the creative
display of the campaign’s
presentation
three main reasons why
people unconnected to a
project or business would
support it:
What Is Crowdfunding And How Does It Benefit The Economy - Forbes
http://www.forbes.com/sites/tanyaprive/2012/11/27/what-is-crowdfunding-and-how-does-it-benefit-the-economy
62. The Real
(Crowdfunding)
Why’s
• Passion
– For the technology
– For the industry
– For the cause
– For the product
• Affinity
– For the Entrepreneur
– For the region, industry etc
• Connection
• Every reason BUT R.O.I. …
68. 1. Crowdfunding = New “1st Money” for ventures
($10k - $50k average– but wild exceptions)
2. Equity Crowdfunding is Still Far away
3. Rewards based Model IS Crowdfunding today
4. All or Nothing Crowdfunding – Standard
5. Perks and Rewards: Pre-order Crowdfunding
6. Social Media & Content Intensive
www.propelarizona.com
WYNTK
(what you need to know)
70. • The iPhone-friendly Pebble watch earned $7.6
million more than its $100,000 goal.
• And the Galileo iPhone platform closed its
Kickstarter campaign at $702,000, far
surpassing its $100,000 goal.
71. • Ouya raised $2 million in one day for a new Android gaming
console (it’s raised more than $5 million to date),
• the Nifty MiniDrive, external memory for Apple MacBooks.
The tiny storage company is more than 2,000% above its
$11,000 goal with 15 days left in the campaign.
76. • Yesterday a video game project called Ouya became the eighth project in Kickstarter history to raise more than a million dollars, and the
fastest ever to do so. Ouya hit the total in just over eight hours, shattering the previous record. Here’s how long it took each million-
dollar project to cross the threshold:
• OUYA — 8 hours and 22 minutes
• Double Fine Adventure — 17 hours and 30 minutes
• Pebble — 27 hours
• Wasteland 2 — 41 hours
• Shadowrun Returns — 7 days
• The Order of the Stick — 27 days, 5 hours
• Amanda Palmer — 27 days, 12 hours
• Elevation Dock — 57 days
• As you might expect, Ouya also has the biggest single-day total in Kickstarter history. It received more than $2.5 million in pledges from
its launch on Tuesday at 8:44am to Wednesday at 8:44am. Here are the ten biggest 24-hour tallies on Kickstarter so far:
• OUYA — $2,589,687.77
• Double Fine Adventure — $1,064,652.05
• Pebble — $863,132.92
• Wasteland 2 — $555,407.84
• Shadowrun Returns — $378,008.28
• Amanda Palmer — $223,348.50
• The Icarus Deception — $178,194.00
• Elevation Dock — $161,507.00
• Penny Arcade Sells Out — $151,221.17
• gTar — $138,891.00
• Ouya’s big day lead to another Kickstarter record: dollars pledged in a single day. On February 9th Kickstarter saw more than $1 million
in pledges in a day for the first time. Until yesterday, Kickstarter’s biggest day was on April 12th, when nearly $1.9 million was pledged.
The amount pledged yesterday, July 10th? $3,174,820.