Crowdfunding

Grassroots Entrepreneurship

Grassroots Entrepreneurship I have been invited to run a couple of Workshops on Grassroots Entrepreneurship at theAnnual Conference of the Illinois Institute for Rural Affairs. This came about because a while back I started writing about Community Supported Business on Startup Owl. Community Supported Business is a growing phenomenon, especially in rural Vermont, and it will be interesting to see how that state's experience will be picked up by others. Community Supported Business (CSB) is som...

10 New Conditions of Business

10 New Conditions of Business I have just published a set of 1o New Conditions of Business, to help entrepreneurs recognize some really important trends that are most likely affecting their startup whether they know it or not. They are all very important and complex. I don't begin to think that my introductions are the best in the world, nor is the list necessarily complete. I invite readers to review what I have written, comment, add, or suggest improvements to the set of ten topics, which a...

Startups Using Crowdfunding

Startups Using Crowdfunding Two friends have started businesses, one for profit and one a non-profit, that combine crowdfunding with other techniques. One in the US and one in Europe, and in totally unrelated fields. The first concerns nature conservation and the second concerns the maker movement. What is interesting is how both have used the process of social media and crowdfunding to go about changing the world in their separate spheres. Just like how manufacturers of wind turbines use sim...

$1.2 million a day

$1.2 million pledged daily at Kickstarter Entrepreneurs cannot avoid considering Kickstarter for startup funding, now that they pull in more than $1.2 million a day in pledges. This is especially true for small tech startups. Crowdfunder Kickstarter had 4,497 projects successfully reaching their funding goals from January through March, 2014.  One billion dollars have been pledged to Kickstarter projects, as of March 4. But they are not alone. Crowdfunding is now one of the most significant so...

Startup Funding is a Scary Business

Startup Funding is a Scary Business Startup Funding is a scary business. That's why many entrepreneurs shy away from introducing external capital, for fear of diluting their equity stake. Others go down that route and regret it. Some try to jump on the wrong source of funding at the wrong stage. To understand something is to render it less scary. Entrepreneurs who are passionate about their product or serving the needs they have identified know what they are doing in those domains, but once the...

Crowdfunding Growth Is Huge

Crowdfunding Set to Grow 92% in 2014 Crowdfunding Growth is Huge. In the past 5 years the crowdfunding industry has undergone remarkable growth – estimated to be around 1,000% – while, at the same time, it has provided around $10 billion in funding to startups and small businesses. The crowdfunding industry’s exceptional growth is not likely to slow down this year either, since, according to early forecasts, the market is expected to grow by an additional 92%. The main drivers for this year’s...

Crowdfunding Meets E-commerce

        Inspired by a family history for entrepreneurialism and with fresh ideas on micro-financing from his time at Business School at Westminster University, Alessandro Rovati and two childhood friends, Francesco Fumagalli and Francesco Gatti, developed an idea for an e-commerce app that allowed users to invest in pre-production product concepts. Crowdrooster.com was the result.  The idea quickly evolved beyond a product-centric app into a crowdfunding community. A c...