Seedcamp. White Bear Yard. HackFwd. Funding Lessons from a Successful Kickstarter Campaign. Crowdfunding your startup through sites like Kickstarter and IndieGoGO has become an interesting, and in many cases, quite viable way of financing your project. A number of individuals and companies have been able to raise pretty substantial amounts of money through these services, going well beyond what they initially set as their funding targets. Most notably of late, was the success of Lunatik/TikTok iPod Nano wristwatch, which set the record for the most money raised via Kickstarter to-date: almost $950,000 from over 13,000 backers. Not too shabby considering Scott Wilson and his MINIMAL design studio set out to raise a mere $15,000 in order to get licensing and manufacturing for the project under way. What made this project so successful?
Bryce Roberts, the Managing Director of O'Reilly AlphaTech Ventures, points to some reasons he's identified that contributed to the success of the Lunatik/TikTok fundraising endeavor. Tell a personal story Tell the product's story. Entrepreneurs Corner: 10 Questions VCs Will Ask and What it Means. (This article is part of a series by our resident SocialTimes entrepreneur, Ellie Cachette. Cachette is the founder of ConsumerBell and also writes on topics covering Consumer Web. For more articles by Ellie, click here ) VC’s are easy to spot: usually at some tech event, sometimes they will wear a black REI vest to “blend in” or other times even rocking jeans but you can find them.
Back in a corner wearing a Facconable shirt, there is usually a pretty belt and slacks to match. Here’s 10 questions you might get as a founder and what they mean: 1. Translation: if your simple idea is so great, why hasn’t anyone else done it? Most people think this question is for deeper insight into a founders thought process but actually it is a measure of how replicable your idea is. 2. Translation: does anyone believe in you? Even if its $10k from your grandma or a termsheet from a Seed fund, what is really being asked here is if you can rally others and sell them on your idea. 3. 4. 5. 6. 7. 8. 9. 10. Collaborative Fund.