Is CrowdFunding Moving To Pitching Events

There is already an effort in Helsinki to introduce live crowdfunding at a pitching event by PitchHelsinki in November using the Invesdor platform. This shows that people and companies are thinking of new and easier ways to provide investment opportunities to both the average folk and also the professional investors.

pandodaily

photo by pandodaily

By Dmitri Sarle Startup pitching events have become sort-of a cliche, they are all alike and there really needs to be an improvement to the whole process. Investors want to get a better understanding if the startup would be a good fit for them, the audience is interested to know if people are actually going to use it and the founders want to get quality feedback from the audience, the judges (if any) and investors.  This seems like a very straightforward problem and for the most part it is solved by de facto. However as we have seen with Catchbox, small additions to events can make them a lot more exciting.

So when we heard about the Estonian based Funderbeam, it caught our eye. Their current plan is to provide an app for pitch-feedback that collects votes & ratings from the audience, generates leader boards and statistics. However they plan to do a lot more with it.

Kaidi Ruusalepp, the CEO and founder of Funderbeam, told ArcticStartup that they “take events as a package and provide event organizers an app to present their event from the moment lets say the person decides to participate in the event. “

They have already had good traction with it, as the app was used by Seedcamp at their demo days. The cool thing about it is that the audience gets “Pitch Coins”, 1 000 per startup and can use them to “invest” into participating companies.

Ruusalepp commented that “In the future [Funderbeam] will add more functionality. Right now the audience can only rate the startup as a package but later they will be able to rate the team, the market, potential.”

The jury has their own voting mechanism and the audience can compare themselves to the jury and see if they think alike.

In the long-run, however, the company is aspiring to do a lot more than pitching-events. They actually want to go into real funding. In November 2013, they want to provide startup ratings and analytics from all pitching events that they went to, in 2014 they intend to introduce a toolset for wealth management and investment. Finally in Spring of 2014 Funderbeam wants to provide analytics-supported startup investments.

There is already an effort in Helsinki to introduce live crowdfunding at a pitching event by PitchHelsinki in November using the Invesdor platform. This shows that people and companies are thinking of new and easier ways to provide investment opportunities to both the average folk and also the professional investors.

That being said, it remains to be seen if people can be convinced to invest right there at the event or even after seeing the pitching history of a company. Would you invest at the event? Let us know in the comments.

Source: Arcticstartup – By Dmitri Sarle, October 08, 2013

Link: http://www.arcticstartup.com/2013/10/08/is-crowdfunding-moving-to-pitching-events

HEADLINE NEWS

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

Technical.ly BaltimoreArbit took to crowdfunding to seek out investorsTechnical.ly BaltimoreThe Baltimore-based social polling company is seeking to raise a maximum of $425,000 through equity crowdfunding, a funding instrument that was first officially made available last year with re [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

ForbesMoney Makes Small Businesses Go Round: Ensuring Access For AllForbesIn 2008, a new form of financing — rewards-based crowdfunding — premiered. With money raised on crowdfunding platforms like Indiegogo and Kickstarter, startups and companies with a new product idea connect direc [...]

Manchester Evening NewsManchester video company Juke Media supports crowdfunding campaignsManchester Evening NewsNuuk Digital have raised over £12m creating and designing crowdfunding campaigns in just 18 months, including campaigns for Smacircle – an e-bike that fits in your backpack [...]

EE TimesEngineer Looks to Crowdfunding to Stoke Kids' Interest in ElectronicsEE TimesProtoBricks launched on the Indiegogo crowdfunding platform Tuesday (Aug. 15). The goal is to raise $100,000 within the next 40 days to bring the product to the shipping stage, expected to begin [...]

Indiana pioneers crowdfunding community projectsWTHRA downtown Greensburg mural made possible by community donations, Patronicity.com, the Indiana Housing and Community Development Authority and other local organizations, as seen on Aug. 3, 2017. (Main Street Greensburg Photo via ... [...]

CNETKickstarter alternatives: Choosing a crowdfunding platform - CNETCNETCNET@Work: Before launching a crowdfunding campaign, it's worth exploring the differences between Kickstarter and its competitors.and more » [...]

Global Crowdfunding Market 2017-2021 - Market to Decline at a CAGR of 16.96% - Research and MarketsBusiness Wire (press release)Global Crowdfunding Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |