Advertisements
Tag Archives: crowdfunding sites

Understanding the Best Type of Crowdfunding Site to Support a College or University Campus

16 Mar

What’s the Best Type of Crowdfunding Platform to Serve a College or University Entrepreneurship Center, Co-Working Space, Incubator or Accelerator Program?

By Robert Hoskins

Understanding the Crowdfunding Funding Process

The first step in building a crowdfunding business model is to understand the various forms of crowdfunding and at what step of the business creation process each should be used.

This crowdfunding infographic is a good representation on each step of the business creation process from the business idea, generating revenue, validating marketplace demand, expanding operations and maturing into a fortune 500 company.  It also shows what type of crowdfunding is usually best to fund startups and each step of the business’ evolution.

The Crowdfunding Escalator by CrowdSuite  Shows the  Different Types of Crowdfunding

The Crowdfunding Escalator by Crowdfund Suite Shows the Different Types of Crowdfunding

Source: CrowdfundSuite.com


Donation-based Crowdfunding
– At kitchen tables, dinner parties, happy hours and dorm rooms around the world many brilliant ideas are born and discussed for the very first time. Once an idea has been pitched and vetted among friends and family and it begins to gain momentum toward the first step of crowdfunding, Donation-based Crowdfunding, which is used to scrape enough money together to begin building a business plan to figure out how much it will cost to bring a business idea to fruition and/or develop at one or more prototypes. Donation crowdfunding sites make it easy to collect money for new creative ideas as well as expand the crowdfunding campaign’s reach from just family and friends to a global audience of potential supporters.

Most donation-based crowdfunding sites are usually built to provide fundraising activities for campaigns that do not offer any rewards or perks.  They are also used to support non-profit causes.  Donations to 501(3)(c) are tax deductible and can be written off at the end of the year.  

Most universities will only build donation-based crowdfunding sites that can be used by students and faculty to collect money by students and faculty for a wide variety of projects including college educations, scholarships, research and development, campus improvements and all kinds of not-for-profit endeavors. Crowdfunding can be used for very small fundraising efforts to raising millions of dollars from alumni, foundations, institutional investors and corporate sponsors.

Donation-based crowdfunding sites will make it easy for anyone to search for, discover, research and fund their favorite pet projects on their alma mater’s campus.

Rewards-based Crowdfunding – Surprisingly enough 90% of people in the world still are not familiar with the term crowdfunding. Mention Kickstarter or IndieGoGo and most people do recognize the brand name and know its purpose and have heard of popular crowdfunding campaigns such as Oculus, Star Citizen, Coolest Cooler and the return of the Pebble Time SmartWatch.

Rewards-based campaigns are used to take ideas, concepts and prototypes to the next level. They are used in a similar fashion to how typical marketing campaigns are used to support product/service launches and rollouts with an added twist.

People with ideas build a crowdfunding profile, shoot a crowdfunding pitch video and build a list of up to 20 perks or rewards that are pre-sold to raise enough money to develop a prototype or pay for the very first manufacturing production run.  Not only do rewards-based crowdfunding campaigns validate industry demand, but they allow businesses to test market various product versions, colors and price points to gauge public interest. More importantly, they help startups generate their first revenue by pre-selling their products and services in order to raise enough money to get the business started. Gaining this type of market traction is very important to angel investors because it shows that there is an audience of people who are willing to pay for the company’s products and services. 

The best way for universities and colleges to cut their teeth on the crowdfunding business model is to launch a rewards-based crowdfunding site, which usually collects a 5% commission on the crowdfunding campaign’s total amount raised. That may not sound like much but since 2009, Kickstarter alone has raised $1.6 billion, which at 5% means $80 million over 5 years in gross revenue or an average of $16 million per year that could be used to fund a wide variety of college/university projects.

Not only are crowdfunding platforms a good source of revenue, but with the right marketing resources crowdfunding campaigns have the potential to raise a huge amount of marketplace awareness for the university’s projects, business development goals, research and development labs and technology transfer programs. All at no cost to the university because the crowdfunding campaign managers are the ones that spend money to market their crowdfunding campaign to the world.

The other reason to consider launching a rewards-based crowdfunding program is that they are easy and do not fall under the jurisdiction of the SEC or state securities board regulators because no securities are being sold. For new startups it also means that raising money does not involve selling any equity shares or giving up any control of the company’s administration.

Rewards-based crowdfunding campaign commissions can also be used by colleges/universities to establish co-working spaces and to fund college incubator and accelerator programs. Co-working spaces with at least 25,000 sq. ft. can generate millions of dollars per year in additional revenue from rent and mentorship programs.

It is important to note that rewards-based commissions combined with co-working space revenue can provide millions of dollars in seed investment capital to begin funding the next step in the process, equity-based crowdfunding sites, where schools, students, faculty and alumni can become equity investors in new startups.

Equity-based Crowdfunding – Setting up equity-based crowdfunding websites will allow schools to play the role usually enjoyed by Angel Investors, Venture Capitalists and/or Broker-Dealers. They will allow students to raise money for startups by selling debt, such as convertible notes, or selling equity shares for a certain percentage of the company to raise enough seed investment capital to produce prototypes, fund early manufacturing runs, setup distribution agreements and hire manufacturer representatives. 

Other types of equity crowdfunding involve sharing 20% of the gross profits with investors or making royalty payments on a per item sold basis until the investors receive a 3x to 5x payback on their initial investment.

Investing in startups is a risky business, but with the right education and building a small group of experienced Super Angel investors to follow, a large group of novice accredited investors can invest smaller amounts of money along side seasoned experts with a proven 25-30 year track record.

In states like Texas, Michigan, Georgia and 11 others non-accredited investors can also pool their money together to purchase equity shares of stock. This is something that has been illegal for the past 80 years, but intrastate crowdfunding exemption laws are now allowing average people to begin investing in startups just like angel investors and venture capitalists.

The aggregation of novice accredited and non-accredited investors are known as Investment Syndicates, which is the process of following expert investors.  This allows students, faculty members and the general public to learn the equity investment business and enjoy the benefits of being an insider when a great business idea is transformed from a startup company to an Initial Public Offering (IPO).

For example, a $300 investment for a single share of stock and pair of Oculus virtual reality goggles would have paid investors a return on investment of $45,000 when Facebook bought the company for $2 billion dollars.

Equity-based crowdfunding is much more complicated than rewards-based crowdfunding due to the stringent requirements needed to meet the SEC and state securities board regulatory requirements.

Unlike rewards-based crowdfunding, equity crowdfunding provides a great opportunity for business administration, legal and finance students to get hands-on experience writing business plans, structuring deals, protecting intellectual property (IP) and planning real world product/service launches that are part of every single equity crowdfunding campaign.

Working alongside experienced angel investors and venture capitalists is also a great way for students and faculty to learn the finance industry from the inside out.

Learn more about crowdfunding:

# # #

Want to learn more about crowdfunding campaigns or how to setup a crowdfunding platform?

Please fill out this form to get started:

Advertisements

Front Page PR offers Texas Crowdfunding Sites Advertising, PR and Social Media Marketing Campaigns to Attract More Shoppers to Buy Rewards, Perks or Equity Shares

14 Jul

Crowdfunding platforms that provide a portfolio of marketing services to help crowdfunding campaign managers significantly increase their site’s ability to generate successful fundraising campaigns

By Robert Hoskins

Austin, Texas – Does your crowdfunding site need more website traffic? Front Page PR, one of the industry’s premier crowdfunding PR firms, now offers a special package of advertising, content marketing, CRM, email marketing, gamification, PR, and social media marketing programs engineered specifically to help new crowdfunding platforms increase the number of shoppers who visit their websites to shop for perks, rewards or equity shares to purchase.

Front Page PR is one of the leading Crowdfunding PR firms in United States

Front Page PR is one of the leading Crowdfunding PR firms in the United States

In addition, Front Page PR offers crowdfunding training classes and consulting services to educate crowdfunding campaign managers on how to shoot more convincing pitch videos, how to use proven words/phrases to make crowdfunding profiles more persuasive and how to offer more attractive perks/rewards with better calls-to-action to improve conversion rates. The firm’s principles are based on time tested and proven old-school rules on how to plan successful marketing campaigns.

According the Crowdfunding Press Center’s Top 100 Crowdfunding Sites list, poor marketing programs account for significant drops in website traffic falling by 60% at 97th place and 400% at 100th place. Marketing consultants can teach crowdfunding campaign managers how to implement more effective marketing programs to give these underperforming sites a much better chance for success.

“Our firm offers crowdfunding campaign managers a menu of à la carte services, pre-packaged deals and/or post-paid commission options,” said Robert Hoskins, Front Page PR’s Director of Crowdfunding Campaigns. “One of our most popular options is a $2,500 down payment, plus a 5% post-paid commission based on the total funds raised.”

Campaign managers benefit from the post-paid 5% option because it provides them a way to run a decent marketing campaign and gives them a much a better chance for success than running no marketing programs at all. Platforms benefit because running twenty marketing campaigns simultaneously can generate an extra $50,000 per month to market the crowdfunding site, which brings in new clients, shoppers and investors.  It’s a true win-win situation for everyone.

Crowdfunding platforms and crowdfunding campaign managers that need help putting together customized marketing programs should contact Robert Hoskins at (512) 627-6622 or visit www.crowdfundingPRcampaigns.com.

Front Page PR is always seeking advertising, PR, marketing social media freelancers to participate in regional, national and global integrated marketing communications programs. If you’re interested in joining Front Page PR’s team, please follow us on Facebook, Linkedin and Twitter and send us a Direct Message (DM) to @Crowdfunding_PR.

# # #

 

hyperfund Launches Business Crowdfunding Site that Makes It Easy for Investors to Find, Research and Invest in Private Business Equity Deals

9 Jul

hyperfund offers crowdfunding site where businesses at any stage of the growth cycle can find and reach potential investors using crowdfunding advertising, email marketing, PR and social media campaigns

Anacortes, Wash. – hyperfund is a new business crowdfunding marketplace where investors can easily find, research and invest in private businesses. It is a crowdfunding site where entrepreneurs can easily and efficiently reach a large number of potential investors and is one of the first crowdfunding platform providing all three primary strategies for businesses raising capital on the internet with rewards, security, and debt crowdfunding options.

hyperfund enables entrepreneurs, startups as well as growing businesses to take advantage of the explosive growth of crowdfunding campaigns and leverage the power of the SEC’s new General Solicitation Rules that allow private companies to market their equity investment opportunities to millions of accredited investors via advertising, marketing, PR and social media programs.

Hyperfund Local National Crowdfunding for both Rewards and Equity Based Crowdfudning Campaigns

Hyperfund Local National Crowdfunding for both Rewards and Equity Based Crowdfudning Campaign

The investing ecosystem continues to evolve as traditional sources of funding, angel investors and venture capitalists, focus more on revenue-producing businesses. At the same time, new technologies enable new ways for growing companies to connect with potential investors. Crowdfunding is becoming a primary solution for pre-revenue businesses to raise capital and most crowdfunding platforms, to date, have only offered investors a single option.

hyperfund offers three different crowdfunding options:

  • Rewards, such as preferential product acquisition opportunities,
  • Security, to participate more directly in a company’s financial growth, and
  • Debt, to be repaid over time.

“Now startups and growing businesses can raise capital on the Internet with a reward-based seed funding round to validate their business model, followed by an equity or debt round on the same platform,” said hyperfund’s CEO Denis duNann. He emphasized, “On hyperfund’s marketplace, investors can now back business-focused rewards rounds, track the businesses performance and potentially invest in a later securities round.”

Luan Cox, CEO at partner company Crowdnetic, stated, “We are impressed with hyperfund’s unique and complete approach to business crowdfunding. The breadth of their offerings addresses the needs of small businesses throughout the growth cycle.” She added, “We are pleased to include their Private Issuers Publicly Raising (PIPR) listings in our marketwatch.com feed, the nation’s first real-time aggregated listing of offerings and pricing information on private issuers raising capital.”

There are no transaction or subscriber fees for investors to research private offerings on hyperfund. There are no upfront fees for entrepreneurs to easily and efficiently reach millions of potential investors.

hyperfund is launching with two recent winners of the Florida Atlantic University’s Business Plan Competition:

  • BiologicsDirect™, the first and only online virtual marketplace that connects blood centers, which are the suppliers of blood products, with hospital and blood center users, positively impacting critical blood-product supply chain management.
  • Owl Educators, with its breakthrough online service, connects tutors and students, making their educational relationship more effective and efficient.

# # #

 

 

 

Crowdfunding Industry Drills Its First Oil and Gas CrowdFunding Platform in Houston

16 Aug

Accredited Investors Can Now Shop for Texas Oil and Gas Investment Opportunities in Texas on eOilBoom.com

By Robert Hoskins

eOilBoom.com, the first Oil & Gas CrowdFunding platform has officially launched at Summer NAPE in Houston, Texas. eOilBoom.com’s proprietary and patented pending platform pairs oil & gas deals with accredited investors. The entire process from the due diligence of a deal to completing the transaction will take place on eOilBoom.com’s funding platform.

Crowdfunding Industry Drills Its First Oil and Gas CrowdFunding Platform in Houston

Crowdfunding Industry Drills Its First Oil and Gas CrowdFunding Platform in Houston

“We finally have created a platform where the masses have the opportunity to invest in an alternative investment such as oil and gas instead of continuing to only invest in the traditional volatile stock market. eOilBoom.com’s oil and gas deals can potentially provide larger and more stable rewards for our investors,” says Rodney D. Giles, CEO of eOilBoom.com.

eOilBoom.com states they have been working for months with their in house development team and outside legal counsel on figuring out the right method to make this platform work correctly. Giles goes on to say, “Our platform is unique because typically an investor is only able to buy into an ownership of a holding company such as a LLC or LP, with our funding platform, our investors will have direct ownership through a working interest in a lease or through a direct mineral or royalty ownership.”

“We understand each investor has a different risk tolerance and with eOilBoom.com we provide both drilling prospects as well as long life production deals providing investor a wide variety of investment choice based on the investor’s risk profile,” says Giles.

Furthermore, eOilBoom.com choose Summer NAPE in Houston, TX, the premier oil & gas trade show to showcase its platform. eOilBoom.com is giving away a Royalty in a producing oil & gas well for anyone who registers for free at their booth.

Lead by serial entrepreneur Rodney D. Giles, eOilBoom.com is the first online Oil & Gas CrowdFunding platform that enables accredited investors to get direct access to a vast array of Oil & Gas Deals from multiple operators. eOilBoom.com has innovated a unique proprietary and patented pending platform that enables multiple buyers to purchase a single property and receive their direct proportionate share of the ownership.

Crowdfunding Press Center Releases First Global 100 Crowdfunding Web Site Index

12 Jun

Global 100 Crowdfunding Index Provides Crowdfunding Investor / Crowdfunder Demographic  Information, Website Traffic Statistics, SEO Keyword Search Analytics, and Upstream/Downstream Histories

By Robert Hoskins

Austin, Texas – Despite the SEC’s attempt to slow the equity crowdfunding industry down, every other segment of the crowdfunding industry is breaking records worldwide as small businesses and entrepreneurs are raising billions of dollars to get their business ideas and creative projects off the ground.  If fact, by the time the SEC finally issues their formal guidelines, it may be too late to get small businesses interested in turning over any equity at all.  Why give up any control of your business, when you can successfully raise $10,000,000 through rewards-based, perks-based or donation-based crowdfunding campaigns? [Click to Tweet]

Click on the web site traffic links below to research potential crowdfunding websites and their ability to reach your crowdfunding PR campaigns desired target audience.

If your site is not listed, feel free to contact us and tell us why your site should be listed.  If you need help putting together a crowdfunding marketing campaign for your crowdfunding website or crowdfunding campaign, feel free to contact us.  We also maintain the world’s largest database of crowdfunding service providers.

Source: April 2014 SimilarWeb Website Statistics

[Click to Tweet]

Global Rank 2014 Top Crowdfunding Sites Web Traffic Rank
1 www.kickstarter.com    964  (-244)
2 www.gofundme.com 1,245  (+4,481)
3 www.angel.co 1,274  (+9,683)
4 www.lendingclub.com 2,561  (+11,280)
5 www.fundingcircle.com 3,597  (+69,986)
6 www.indiegogo.com 3,711  (-1,361)
7 www.quirky.com 4,661  (+10,336)
8 www.youcaring.com 5,022  (+29,979)
9 www.justgiving.com 6,109  (+5,016)
10 www.giveforward.com 6,370  (+22,619)
11 www.uinvest.com.ua 7,393  (-2,037)
12 www.kiva.org 7,715  (+4,039)
13 www.crowdrise.com 8,311  (+35,678)
14 www.razoo.com 8,995  (+40,736)
15 www.donorschoose.org 9,383  (+55,327)
16 www.fundly.com 9,915  (+59,157)
17 www.pledgemusic.com 11,853  (+35,156)
18 www.crowdtilt.com 13,903  (+76,675)
19 www.firstgiving.com 14,757  (+37,294)
20 www.fundrazr.com 19,265  (+36,105)
21 www.magcloud.com 23,576  (+23,576)
22 www.realtymogul.com 25,956  (+25,956)
23 www.ulule.com 26,412  (+26,412)
24 www.rockethub.com 27,902  (+44,588)
25 www.fundable.com 28,615  (+56,490)
26 www.crowdfunder.com 32,601  (+95,725)
27 www.circleup.com 33,099  (+190,056)
28 www.fundanything.com 35,349  (+71,742)
29 www.fundrise.com 36,797  (+36,979)
30 www.seedinvest.com 41,715  (+430,930)
31 www.rockthepost.com 42,885  (+219,756)
32 www.offbeatr.com 43,967  (+43,967)
33 www.wefunder.com 47,489  (+123,062)
34 www.equitynet.com 48,247  (+587,067)
35 www.gogetfunding.com 61,405  (+78,842)
36 www.pozible.com 62,443  (+2,369)
37 www.slated.com 66,677  (+66,677)
38 www.crowdcube.com 67,493  (+18,583)
39 www.assetavenue.com 68,249  (+68,249)
40 www.fundraise.com 75,650  (+122,645)
41 www.opportunity.org 75,718  (+393,422)
42 www.assob.com.au 77,558  (+386,646)
43 www.givezooks.com 80,405  (+299,806)
44 www.pave.com 81,226  (+444,764)
45 www.peerform.com 83,521  (+994,913)
46 www.ourcrowd.com 88,850  (+308,003)
47 www.pubslush.com 95,418  (+95,418)
48 www.dragoninnovation.com 98,127  (+98,127)
49 www.appbackr.com 100,023  (+105,911)
50 www.crowdemand.com 115,618  (+115,618)
51 www.microgiving.com 115,267  (+585,065)
52 www.wazoku.com 115,402  (+115,402)
New www.flashfunders.com 133,637  (new)
53 www.give2gether.com 128,130  (+655,961)
54 www.seedandspark.com 132,384  (+435,961)
55 www.fundedbyme.com 157,351  (+22,468)
56 www.sterlingfunder.com 162,355  (+2,810,783)
57 www.piggybackr.com 167,853  (+423,875)
58 www.pledgie.com 176,929  (+47,337)
New www.zeczec.com 190,148  (+190,148)
59 www.launcht.com 196,394  (+230,943)
60 www.bolstr.com 235,082  (+805,974)
61 www.geldvoorelkaar.nl 239,031  (+238,031)
62 www.ppl.com.pt 285,111  (+285,111)
63 www.icrowd.com 295,421  (+292,145)
64 www.peerbackers.com 312,398  (+253,364)
65 www.banktothefuture.com 312,498  (+548,122)
66 www.invested.in 344,449  (+253,364)
67 www.symbid.com 386,296  (+22,212)
68 www.growvc.com 433,297  (-163,387)
69 www.somolend.com 433,891  (+408,760)
70 www.faithlauncher.com 447,005  (+438,283)
71 www.crowdit.com 480,625  (+194,246)
73 www.crowdvalley.com 527,534 (+116,320)
74 www.givetobenefit.com 532,139  (+233,567)
75 www.pledgecents.com 540,265  (+3,168,277)
76 www.appsfunder.com 570,311  (-105,800)
77 www.artistshare.com 622,060  (+622,060)
78 www.cMEcompete.com 678,296  (+4,130,838)
79 www.foodstart.com 692,712  (+29,824)
80 www.solarmosaic.com 754,410  (-399,359)
81 www.alumnifinder.com 876,496  (-966,058)
82 www.propellr.com 880,890  (-126,480)
83 www.fundafeast.com 992,504  (+992,504)
84 www.funderhut.com 1,106,925  (+775,099)
85 www.massivemov.com 1,119,512  (-295,027)
86 www.jumpstartcity.com 1,127,431  (+399,385)
87 www.sprigster.com 1,113,545  (+3,001,889)
88 www.crowdhelps.com 1,518,364  (+2,519,368)
New www.crowdfundingpays.com 1,612,636  new
89 www.venturehealth.com 1,743,989  (+15,277,419)
90 www.clickstartme.com 1,791,606  (-894,227)
91 www.techmoola.com 2,000,288  (+848,486)
92 www.fundageek.com 2,376,689  (-4,678,913)
93 www.fansnextdoor.com 2,587,922  (+35,789)
94 www.ArtSpire.org 2,614,373  (+2,682,752)
95 www.crowdfundingbank.com 2,735,695  (-343,103)
96 www.ipledg.com 2,841,472  (-1,375,367)
97 www.dreambank.org 4,727,020  (-854,041)
98 www.startacure.com 3,462,978  (+5,050,952)
99 www.crowdequity.com 4,853,323  (+5,513,168)
100 www.getspringboarded.com 8,005,621  (-3,514,142)

Many readers first visit the Crowdfunding Press Center to learn more about the booming crowdfunding industry and try to get a handle on how to select the best crowdfunding  website to launch a fundraising campaign and learn what it takes to plan a successful crowdfunding campaign.

Launching a crowdfunding campaign is nothing more than a fancy way to describe a typical product/service marketing launch. The only real difference between a crowdfunding campaign and an old-fashioned product marketing/PR launch is the time period for collecting money.

In the past, companies have created new products, built company websites and used marketing, advertising, social networks and PR campaigns to raise awareness among the correct target audience to entice new/existing customers to buy their product or service.

eCommerce or the process of collecting money online is nothing new.  Collecting money or pre-selling a product/service, however, is a totally new concept and seems to be working very well.  Marketers love it because they can actually test demand for a product or service prior to investing a lot of time, effort and money to bring a product to market.

If a crowdfunding campaigns fails, entrepreneurs will actually save a lot of money that would have been invested in a new business that probably would have failed in a couple of years.  If the crowdfunding campaign is a successful and you raise several million dollars, you can bet that venture capitalists and angel investors will be very interested in buying equity stock the old fashioned way.

The one question that everyone wants to get answered is what is the best crowdfunding website to utilize when launching a fundraising campaign.  The answer is simple.  Like advertising or generating publicity in any communications medium, the most important question to answer is who is the desired target audience of donors and what kind of demographics/psychographics can be utilized to create effective marketing messages to convince the masses to donate money to your cause, creative project or new business idea.

Once the target audience has been identified it is easy to target media usage patterns to find the right mix of media outlets needed to achieve both reach and frequency to reach the correct target audience with the perfect message for the lowest cost -per-thousand (CPM). This is how marketeers have been conducting marketing campaigns for almost a century.

In today’s world, reach and frequency is tied directly to search engine optimization (SEO) and social networks along with traditional media outlets.

To help marketing/PR executives as well as crowdfunding campaign managers discover this type of information, we have analyzed what we consider to be the top 100 crowdfunding sites worldwide.  We ranked crowdfunding websites by their global website traffic as well as numerous other analytics including traffic stats, search analytics, audience readership, reviews, backlinks and upstream/downstream websites generating traffic.

It will not take long before media reps, media outlets and website auditing companies jump into crowdfunding market to start providing in-depth research reports, crowdfunding website audit statements and other readership studies that detail their website’s ability to reach the desired pool of investors/donors via their crowdfunding platform or website.

# # #

Fill out this form to add your site:

Wowcher Selects BankToTheFuture.com as Equity Crowdfunding platform for Fabfob fundraising campaign

19 May

By Robert Hoskins

BankToTheFuture.com, an equity crowdfunding platform that allows people to invest in start-ups and mature businesses, is providing an investment platform for Fabfob, the latest venture by Wowcher founder, Nick Brummitt, who has chosen crowdfunding over traditional venture capital funding.

BanktotheFuture.com Equity Crowdfunding Platform

If the government was serious about helping SMEs, it would pump cash into companies like BankToFuture.com. BankToFuture.com is a job creating machine

Fabfob is designed to tag valuables such as keys, mobile phones, laptops, cameras, iPods and passports. If these items are lost – and subsequently found – Fabfob gets them back to their rightful owner quickly and safely.

Since the pitch went live, it has already raised over £40k. BankToTheFuture.com provides funding through the collective effort of individuals who network and pool their money to support the efforts of entrepreneurial people and organizations.

Simon Dixon, CEO of BankToTheFuture.com, says, “Working with high profile entrepreneurs like the founder of Wowcher, is great news for us. We aim to make crowdfinance less alternative and more a first choice for investors seeking credible businesses and credible businesses seeking finance. It is very exciting that now anybody can invest in such an entrepreneur starting from as little as £50, everybody is now a dragon.”

Brummitt recalls numerous problems while raising finance from banks for Wowcher, the UK’s first daily deal site. He said, “It soon became apparent that banks don’t provide support to those who require it. When I read about Simon Dixon and BankToTheFuture.com about a year ago, I began to follow them with interest. I am impressed with Simon’s vision, truthfulness and experience as an investment banker.

“I did not want to be in the same position as I was with Wowcher, where I create a great product with global appeal only to find I am strangled for cash. Banks are no longer an option. They are just a waste of time and a distraction.”

Seeing the potential of Fabfob, BankToTheFuture.com helped Brummitt develop his skills through The Incubator Course which helps delegates write a business plan, prepare financial forecasts and create a slide show and promotional video. This allowed him to develop a strong pitch for investors.

“Simon is an inspirational character with real vision,” says Brummitt. “He says it how it is, how it has been and how it will be in the future. He showed us an alternative to banks and gave us the confidence to go out there and try it.

“The Incubator Course gave me new skills. It was tough, some didn’t make it through and some realised that they were not quite ready to seek investment, but we all learnt a huge amount. I cannot recommend the course highly enough. It should be on the school curriculum for all business-related courses.”

Brummitt strongly believes that BankToFuture.com will be an answer to the issue of funding. “If the government was serious about helping SMEs, it would pump cash into companies like BankToFuture.com. BankToFuture.com is a job creating machine,” he says.

With the funding raised through BankToFuture.com, Brummitt is confident that he will reach his funding target quickly and get his product to a global market.

# # #

%d bloggers like this: