Young Business Leaders takeing first Steps with CROWDFUNDING

By: Daniel Ling, CrowdFundBeat guest Editor & offerboard.com

July 20th, 2015– The crowdfunding space has offered a financing avenue for many young entrepreneurs across the world. Young business leaders have become exposed to the not only arduous but also complex process of raising capital, and these ambitious individuals have taken their first steps by actively choosing the crowdfunding route.

One example of such a youthful entrepreneurial venture is VozzApp. VozzApp is a social media service with a business model similar to Vine, the video clip sharing social media site, just without the video. The project is the brainchild of Mumbai teenager Advait Saravade.

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Saravade’s venture claims to allow you to “hear the world speak,” through a flurry of minute-long audio clips shared by social network. This appears to be his mantra as he continually repeats it throughout his crowdfunding campaign on Indiegogo.

Just as Instagram allows you to connect to people around the globe via photos, Facebook allows you to connect with people via friendship links, and Twitter allows you to connect via character-restricted updates, VozzApp is a social network that instead focuses on sound. The app would allow users to record 60-second audio clips to either send to their friends or out in the apps public domain.

Although the Mumbai youth exhibits loads of ambition and business acumen beyond his teenage years, many investors feel lukewarm about the project. After all, the aforementioned social media sites offer the option to record and share video, with audio needless to say. Although the project appears streamlined with its linchpin on audio recordings, the business model seems slightly outdated.

Despite the pitfalls of his project, one must credit Saravade for his gusto and his ambitious plan.VozzApp will attempt to address its critics by offering a unique feature similar to Instagram’s holy grail: the filter options. Much like Instagram allows users to filter their photos, VozzApp will offer the option to “filter” audio clips with overlays such as Darth Vader and T-Pain sound effects.

Although VozzApp’s business model might be hindered by its lack of extraordinary innovation and novelty, the very simplicity of the idea might be reason for it to take off. And the company might be able to take advantage of the audio enthusiasts out there and the camera-shy users that are withdrawn from using social media such as Instagram and Facebook.

Josh Thompson is another youthful entrepreneur taking advantage of the crowdfunding space. The 15-year-old is part of an adventurous opportunity called Students on Ice, an experiential learning expedition to the Arctic.

One hundred students from around the world get to visit the Arctic each year with the Students On Ice program. Students on Ice was formed 15 years ago to help high school students from around the world receive a chance to experience a ship-based journey to the far North. Testimonials of the program mention that the expedition is truly a life-changing experience and that the students have learned so much about the environment, the Inuit culture, and the world as a result of the voyage.

When reading the masthead on Saravade’s website, as well as Students on Ice’s campaign outreach, one appreciates the noble causes within the scheme of crowdfunding. Saravade notes that he aims to “inspire teenagers to get off their asses and dedicate themselves to do something great.” Saravade and Thompson exemplify just a few examples of youth inspiring other youth, a necessary step towards an innovative and progressive future.

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