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So what the heck is crowd funding? Basically, this is how crowd funding goes. People come together, usually via the internet, pool their cash and inject it all together into an initiative by another person or organisation.
Only a few actually realise how small businesses can have a piece of this pie... a sweet one at that! In fact, most businesses are just starting to realise how lucrative this strategy can be, especially if you are low on capital and limited in resources. The truth is that despite the ever-looming potential setbacks, outsourcing will work wonders for any businesses, regardless of its nature and size, only and only if well managed.
David Janovic left the security of a job at Goldman Sachs to start an online furniture retailer. Most of his friends thinks he's mad. He plans to prove them wrong.
Is anyone who says they are an entrepreneur a little insane? Probably. Not that there's anything wrong with that. This video brings together an array of entrepreneurs talking about their fears, failures and biggest insights.
“We aim to connect designers, entrepreneurs and retailers directly with targeted consumers, providing both the retailers and the customers with a safe, convenient way to shop, all in one place,” says Stahmer, “It’s perfect for busy mums.”
You have come up with a cracker of an idea. It’s not just slightly different. It’s unique and out of the box. You can see a new market emerging and you're ahead of the pack. It should be easy to get the dollars rolling in — right? Think again.
Valuation of an early-stage venture can set you on the right path for future success. Most entrepreneurs rocking the pre-revenue stage base their valuation on Discounted Cash Flow, Net Present Value, or using the early valuation of more successful companies deemed to be comparable.
Bubble Gum Interactive’s investment adventures (including a handwriting test that earned them $100k)
Any start-up that’s had to raise funds via Angels and VCs will tell you it’s a white-knuckle ride. Independent game development studio Bubble Gum Interactive (BGI) is no exception. The Australian start-up’s tales of capital raising include near-hypothermia, an encounter with Interpol, and a handwriting analysis test (that they passed and scored $100k.)
New Australian online t-shirt biz, HelloFresco, wants to trim the tricky business of having to choose your own new clobber. Instead of hitting the shops whenever your clothes fail the sniff test, they’ll send you two new tees each month, because “less choice is fresh choice”. HelloFresco founder and tee-signer (thunk that word-play up all by ourselves, we did.) Jono Chatterton says the website is the end result of five years of designing and printing t-shirts for friends.
Good parody is hilariously true. This send-up of online entrepreneurship, courtesy of CollegeHumor.com, hits all the right notes about the worst aspects of Internet-based start-ups. So, carve out a couple minutes of your hectic day, watch this video and marvel at how many times you've heard something like this in real life.