Top Ten Crowdfunding Predictions For 2014

shutterstock_142046731-800x752I saw this article published today on the MedCityNews website and found these predictions to be most astute and would like to share them with my readers:


1. Utilizing Social Graphs – Implementing social graph application programming interfaces (APIs) for crowdfunding platforms will make it easy to see friends of friends who are investing in crowdfunding campaigns due to popular social media networks such as Facebook, Google+, Linkedin, Meetup, Pinterest, Twitter, YouTube and others. Data mining and big data services will become very sophisticated services for the crowdfunding industry. Once these services get started it will be very hard for fraudulent companies to succeed because they will vetted by millions of investors working together to form a policing crowd.

2. Predicting the Success of Crowdfunding Campaigns – Investment professionals will develop crowdfunding campaign evaluation systems that break down campaigns into easy to evaluate modules similar to the way the crowd of fantasy football gurus rate individual players based on their performance. Utilizing a crowd to rate crowdfunding deals by various categories will make it easy and simple for large number of non-investment professionals to vet deals together.

3. Growing an Industry Crowdfunding Service Providers (CSPs) – In order to help 229 million new investors vet deals the crowdfunding industry is going to spawn a tremendous amount of new CSPs that will help novice and accredited investors examine equity investment deals to determine potential success or failure. To date our database includes CSPs that provide white label crowdfunding platforms, payment processing, SEC compliance, digital signatures, legal documents, intellectual property (IP), valuation calculators, investment scoring, due diligence, social trust, business planning, marketing, PR and social media and marketing companies.

4. Rising Stars of Crowdfunding Content – The demand for crowdfunding TV programs will grow exponentially to provide content similar to the Shark Tank, but without the bite. Whereas reality TV shows currently feature drama that bashes unprepared entrepreneurs, the American public will be drawn to programming that educates startups on how to launch successful crowdfunding campaigns, build vertical business-to-business crowdfunding platforms as well as how to vet and invest in Crowdfunding equity investment opportunities.

5.Creating Economic Development Centers – For the past 10 years banks have denied small businesses access to startup capital. In a town of 50,000 families, equity crowdfunding will allow each family to invest up to $2,000 per year into local businesses the community needs and wants. This will create an investment pool of $100 million dollars each year that will not only create lots of jobs, but allow everyone in the community to encourage, steer and participate in the prosperity of the community. Investing locally as a crowd will make it easy to vet and assess cooperative crowdfunding deals for the social good of the community.

 

Read more: http://medcitynews.com/2014/01/top-10-crowdfunding-predictions-2014/#ixzz2pC29y43A

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You’ve Got Funds – Crowdfunding For Startups

Friends (The Beach Boys album)
Friends (The Beach Boys album) (Photo credit: Wikipedia)

 

Here’s information on a new crowdfunding site for startups at www.youvegotfunds.com

 

 

 

At YouveGotFunds, our website connects your new ideas with the world and our business development experts. Not only do we help you get funding, we help you execute your business plan and advise you how to optimize your success.
Need a business license or info on domain names? We can take care of that. Want to file a patent to protect your design? Our network of professionals can help you with the process. We can assist you with a To Do list, estimate your financial costs and provide you a roadmap for marketing. If you need a logo or a website, we have expert designers that can bring your presence to the web and optimize its’ visibility.
YouveGotFunds is dedicated to funding your next big idea. Whether it’s a new business, film, CD, art project, invention, personal cause or technology, we believe in your creativity. We help you gain exposure to a wider audience, find funding and market your concept to transform your dream into reality.
It use to be that when you needed money, you had to go ask the bank for a loan, max out your credit cards or beg your friends or relatives. In today’s world, luckily there are other options. Did you know that Nanolight, the creator of the world’s most efficient light bulb asked for $20,000 to complete their product development? Not only did they reinvent the light bulb, but they found an audience that believed so strongly in their product that they have raised over $135,000 with a month left in their campaign!
With our extensive business background, we have developed multiple start-up companies, derived from an initial concept to numerous successful and productive operations. With a combined 50+ years in business, we can help you raise capital and connect with resources.
We have experience not only, in sales, marketing, and web-based businesses, but our contacts also include legal, accounting, human resources, web design and manufacturing just to name a few. Our team is comprised of all ages and experience. When you join our fund connection, you have access to all these specialties and at discounted rates. We’ve been there: From a brick and mortar retail outlet to an internet company, or a self-publisher, photographer or a Human Resources Generalist. We’ve got you covered. Want to join our network? Click Here.
With Crowdfunding, you have the opportunity to share your vision to the whole world over the internet. ThroughYouveGotFunds.com and our links to Facebook, Twitter, Linked In, Instagram & My Space, you can tell the universe about your projects and plans. You will find people excited and willing to help you because they believe in your idea or cause.
Although this type of funding has been around for decades, it has only recently become a popular and desirable option. Entrepreneurs, artists, college students, senior citizens and more are finding this a powerful tool to validate their ideas, gain worldwide exposure, and raise capital. Ever heard of the Elevation Dock for iphones? Well, if you haven’t, you will soon. It is a newly designed docking station that can be used with or without phone cases. Initially, they had a goal of $75,000. They surpassed their target and raised almost $1.5 million from iphone users that saw an important need.
Even the Beach Boys have turned to Crowdsourcing to find people interested in participating in the making of their new concert tribute film. Finally, remember, Karen the elderly Bus Monitor that was verbally harassed by a bunch of students while trying to keep kids safe on the way to school? A proposal to raise $5,000 for a well needed vacation was suggested and an amazing $700,000 was raised. Now, Karen will most likely be enjoying her retirement.
YouveGotFunds is just as interested in your success as you are, and we will help you reach your goal as quickly as possible. While the completion of your project may often take longer, our recommendations for a fundraising campaign are 30, 45 or 60 days as we have found these are the optimal choices to complete a successful campaign.
Unlike some of the other funding sites, like Kickstarter, our fees are not based on the success of your fundraising. Nor, like Indiegogo are they based on the type of campaign that you choose. YouveGotFunds is positioned to showcase your cause or project and give you more exposure than some of the other sites.
Allow us to help you gain public exposure and funding for your success. Besides you own friends and neighborhood, wouldn’t it be exciting if someone in England or Bangladesh loved your idea and believed in your cause. At YouveGotFunds, we believe in coloring outside the lines and thinking outside the box. If you can dream it, we can support you in making it a reality.

 

 

 

How to Pick A Crowdfunding Consultant

Editor’s Note: The following comes to us from Rose Spinelli, founder of The CrowdFundamentals, a crowdfunding consultancy. Spinelli offers newcomers some tips on how to choose a crowdfunding consultant that’s right for them. The original piece appeared on Spinelli’s blog, and we are reposting it here with her permission. Be sure to follow The CrowdFundamentals @TCFRose.

As trends go, crowdfunding is a toddler: all fired up and streaked with independence, in constant motion and grabbing at any shiny object put in its path, wobbly but growing more confident each day. If crowdfunding were a tactile thing, les enfants terribles would take a bite out of you.

But crowdfunding is not so new that it hasn’t birthed its own progeny—the crowdfund consultant. (I am referring to donor- and reward-based crowdfunding since, to push my metaphor one image too far, equity crowdfunding remains in a protracted period of gestation.) You could argue that the nature of crowdfunding defies such conventional paths, that part of its appeal is that every individual now has the tools and the potential audience to find her own way to success, middlemen be damned. Yet it’s a career track that’s found a foothold, and by the looks of the roster of individuals and companies identifying themselves as such, in my own niche capacity myself included, there are no signs the trend will slacken.

The truth is crowdfunding done well is really hard. It takes a diverse skill set. Creative types, who are big users of this new source of capital, are often weak on the communication, marketing and business end of things. Just scour a popular platform and you’ll see projects with great potential that don’t achieve their goal simply because they don’t know the space well enough to leverage it.

It also takes time to learn how to be successful at crowdfunding. Six months is a reasonable learning curve. Creators would rather be working on their art, innovators are immersed in inventions, and entrepreneurs seem to run on fumes as it is. So there is a need, and the vacuum is filling up, fast.

In an industry so untested, how is an individual or startup supposed to know whom to hire? Just saying you’re an expert doesn’t make it so. Since I spend an ungodly amount of time on the topic, I thought it would be helpful to share some tips I’ve picked up along the way. And since it would defeat the purpose to limit it to just one opinion, I contacted some of my colleagues, with whom I’ve formed a virtual salon on various LinkedIn crowdfunding groups, and asked them to weigh in.

Here’s what’s come of my research:

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