posted Dec 7, 2012, 10:44 AM by Rafael Hernandez
updated Jan 10, 2013, 2:27 PM
Hi, my name is David Khorram
And My name is Steve Gutierrez
Today is Thursday, Dec 5th and you are watching the broadcast of CFDNewsTV, (CrowdFunding Daily News TV)
"We are CrowdFunding Guys"
Our Passion is CrowdFunding, in all it’s forms and flavors!.
This video show is produced to provide you with most relevant and daily CrowdFunding news, campaign and information, this is to save time.Quality. Value. Convenience you expect with 30 minutes daily dose of CrowdFunding knowledge.
We will Focus on the top 5 crowdfunding News items for the Day:
1) Crowdfunding Holds Promise for Future Equity-Based Transactions
Dough for Hostess Campaign Shows Encouraging Preliminary Results, the Hostess Bakery Company has launched over the Thanksgiving holiday a CrowqdFunding Campaign where "thousands of Individuals have flocked to the site from around the world showing their support approaching $2Million in pledges. Once the SEC releases its final rules for Title II crowdfunding, DoughforHostess will begin legal pursuit of turning those pledges into actual dollars. This wave of support & early results show that not only do the American people want a voice in saving an iconic brand and the 18,500 jobs at stake with it. I'll call This a "Twinkie Surge", and ask all of you to called the White House, your Senator and Congressional representatives to get the SEC rules for the JOB ACTS completed and published for the first of 2013.
2) Idiegogo Site Expansion
Further signs of growth in the Capital Formation methodology, is the expansion of INDIEGOGO. Crowd-Funding Site Indiegogo Is Going International by TechDEALS & Bloomberg News Indiegogo, a popular site for entrepreneurs to raise money for their projects, added three new currencies today in a bid to draw more users from outside the U.S.. Pledges can now be made in Euros, British pounds or Canadian dollars.
The site, which has been open to users worldwide, will introduce early next year home pages tailored by region for people based in either the U.S., Canada, France, Germany or the U.K, highlighting local projects....Thirty percent of Ideigogo's business is international, which is a shockingly big number considering our site is only offered in English and in U.S. dollars.”
Kickstarter and Indiegogo are going up against European startups, such as London-based Seedrs, which allow for small investments in exchange for equity. That’s something the U.S. companies don’t do because the practice isn’t yet allowed . (A provision of the Jumpstart Our Business Startups Act that hasn’t been implemented yet would change that.
Looks like our Home grown CrowdFunders are not able to compete in the international market equally, until the JOBS ACT is implemented, AGAIN, called the White House, Senate and Congressional offices and get the SEC rules and regulations published.
NOW: turning to the Successes we are having:.. Forbes brings us a Now what article.
3) You've Just Crowdfunded Your Way to Success -- Now What?
The days flew by, the money poured in, and before you knew it, your project was successfully crowdfunded. As the celebrations begin and you start to imagine things on a larger scale than ever before, reality begins to set in. The hard work is just about to begin. .... some project creators raising 10 times more than they had anticipated. While this seems like a great scenario, metrics are very precarious with new businesses. If a company is prepared to create 1,000 units of their product, and they receive 10,000 orders, they may not have the production means to keep up with such demand. A few Key management points:
a) Make sure your inform every single supporter that you have been fully funded, and THANK THEM
b) Utilize your new found followers via E-mail, and all the SOcial Media avenues to reach them thru to get the funding support, to inform, seek their valuable input, adn update your campaign page and especially your Company web site, as a hub for information, progress and Crowd-Management to grow and direct the enthusiasm for your coming product.
c) Manage the "delays" and the product development process as you scale up and begin the QA and fulfillment processes early and often. set expectations so that you can deliver early from the well planned commitment time-frames and exceed their expectations. Keep in mind, CREDIBILITY is what sold them at the beginning, do not lose that Valuable Asset.
d) While your Campaign is in the funding Stage, seek out the most flexible low cost and scalable support infrastructure to assemble the Business systems to manage your Design, Test and Q&A, Manufacturing, then Distribute your product and provide premium Customer Support Services , , now that you have the money to do it.
AS We at CrowdFunding Planning have worked with numerous campaigns, and bring that Business Advise and Governance input to our clients, there are very Valuable, Flexiable and Functional CLOUD enabled Business Services that start out very low cost and can grow as fast as you can manage the business, without costing you time and resources to build, install and train more staff to implement. More on this area, that I am calling the "Post CFunding Marathon".
We at CFP, have numerous Mentors, Coaches & Consultants, CF ready in these support and services areas. More to come on this challenging area,,,,,,,,delivering on that Promise. (409)
4) NASAA sees spike in online CrowdFunding (NorthAmerican Securities Admin. Asso.)
From Investment Executive
State and provincial securities regulators are stepping up their surveillance for possible investment fraud among a surge in crowdfunding ventures. This is a good thing and will ensure the integrity of the growing and wide spread process that, in the non-Equity form, is already funding everything from charity to artistic projects in the form of donations and loans, but it cannot yet be used to distribute securities.
"NASAA is promoting a proactive approach to identify problematic websites, rapidly share information about those websites with appropriate state and provincial securities regulators and engage in a prompt, meaningful and coordinated education and enforcement response. (121)
5) GoodData Rides BI in the Cloud for Business Value
From Ventana Research BI in the cloud goes beyond the traditional cloud advantages of reducing capital expenditures, faster time-to-value, and scalability; BI in the cloud allows for greater flexibility in adding new data sources, experimenting with analytical models and sharing data across the value chain. This is particularly valuable to the StartUP and SMB for several reasons.
- a) Cloud based analysis of your market, it's potential and Gepographic distribution, are fundamentals to find, cultivate and Build YOUR CROWD.
- b) The flexiability and low cost use of a Cloud implementation, can support the varying needs of the Startup and SMB while this Enterprise grade research is needed, yet at a "Nickle & Dime", "on-Demand" expenditure model, until the Sales, Marketing & On-going Subscription based business needs are established post a CrowdFunding Campaign.
There are countless means and methods of the use of research, data analysis and the predictive analytics that can be gleemed from a solid Business Intelligence Plan as part of a continuing process of CrowdFunding campaigns and the launching of your business innovation. (228)
- c) The use and availability of Verticle market, and/or Public Information Data stores (repositories) is wide spread and growing, since the new business does not have it own information record form business operations.
CrowdFunding Campaign Review
popSLATE--Second Screen Smart Case for Your iPhone 5
Pitch: popSLATE is an E-Ink screen on the back of your iPhone 5 case. That means it's low-power, always-on and totally customizable.
Attempting to raise: 150,000
Funded amount: 136,878
Days left: 41
Campaign Video: High quality
Reward QTY and Quality: 6 between 5 to, 6,900
Review: popSLATE is an E-Ink screen in an iPhone 5 case. That means it’s low-power, always-on, super-readable in direct sunlight, and totally customizable. It’s a blank slate you can populate with the images you love. Now you can express yourself to the world, share cool stuff with friends, and always have your favorite app functionality at a glance.
Help LSTN Headphones Give Hearing
Pitch: For every pair of headphones sold, we help restore hearing to a child in a deaf school.
Attempting to raise: 6000
Funded amount: 6255
Days left: 6
Campaign Video: Very good
Reward QTY and Quality: 6 between 5 to, 6,900
Review: LSTN (pronounced LISTEN) is a new music company that makes audio products out of reclaimed wood. For every pair of headphones sold, we help restore hearing for a child in a deaf school.
1 Second Everyday App
Issuer: Cesar Kuriyama
Pitch: Imagine a movie that includes every day of the rest of your life…
Attempting to raise: 20,000
Funded amount: 34,824
Days left: 20
Campaign Video: Very good , exceptional
Reward QTY and Quality: 10 - Mutli level - Good technique
Review: On the day I turned 30 years old, I started recording 1 second every day for the rest of my life… and I think you should too. When I turn 40, I'll have a 1-hour video that encapsulates my 30s. If I live to see 80 years of age, I'll have a 5-hour video that summarizes 50 years of my life.
CrowdFunding Conference Announcements & Educational Events
The Crowdsourcing Revolution at KPMG: How to Harness the Power of the People
The High end Consulting world has the same problem and the need, for the ways to find the same solutions as you, the Innovative Business Community. They have tried the usual methods, "Trial & Error", "Find the Expert", seek input from their high priced and talented "staff", but do they find the answer?...or create several other down stream problems. or....like in the "Do you want to be a Millionaire TV Show", ask the audience ??? or in a broader and more diverse way, ask the Internet accessible CROWD of nearly 3 Billions users from each and every day, all around the world?
A Video within this article, "Finding Answers using CrowdSourcing" by Ian Cohen ( former KPMG) is well worth the 40 minutes, in that it provides a set of compelling reasons to learn to seek and find the input, advice and information from, and the building processes of, Building an Expert Crowd.
The entire Crowd Building Process is integrill to the emerging world of Crowd Funding and all of its Crowd components.
It is not a set of answers or outline to success in the Crowd, but it is an Insight into "Thinking-out-side-the Box" and understanding that now in the Networking Age, the business paradigm is ............... The Global Crowd.
The lesson, almost learned by accident here, is that " Business in Not as Usual " (246)
CrowdFunding Quote of the Day:
“Worrying does not empty tomorrow empties today of its strength and potential.”
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