Friday, March 19, 2010

Peer financing conference embarkon @ sun campus

#peer financing conference embarkon

#crowdfunding platforms
indiegogo, lendfriend, lendingclub, chiatti, virginmoney, smava, prosper, myc4, yoursports, zopa,  #pfin

Invest in iphone app projects beforedevelopment and get paid later with an upsite

#crowdfunding panel
Chris mccoy ceo - yoursports like sellaband
Rob garcia productstrategy - lending club like prosper (passing banks)
David kuchar founder - lendfriend like virginmoney
Ram lakshamanan founder - chittai like kiva
#a Skillocracy #crowdsourcing
#peer financing embarkons
Trevor cornwell, ceo embarkons (intro by christian rees)

#alternative funding panel

Nathan beckord venturearchetypes
Kayvan baroumand - pnp
Ankit agarwal - micello
Danae ringelmann -Indiegogo crowdfunding of ideas
-2years, 3000 projects, 39 countries,
-presell your product
-turn costs into revenue (like our blue party)
-get money from customer by selling smal peaces of your product
-internship programs (pizza and beer)

#How to raise first 25k
Eric klein - klein venture, chris gill - svase, mark dangeard -
commons, raymond lay - playhaven
Sources: Friends & family (0%), Angels (10%), Ycombinators (10% incl
advise), Customer (0%)

Proof points for investors:
-proof if they get friends and family money
-get cashflow positive from day1
-25k are enough to get it running
-get something smal running right
-could he convince a team from your idea?
-enough shares for the team?
-15-20% for employees pool
-co-founders hard to find you have to know (friends)
-engage your customers from day1 to proof if somebody wants it
-are they able to bootstrap?
> Consolidate crowdfunding platforms

#a check VentureArchetype, Sandhill angels
# check Launchbox take 10% for first 25k, Ycombinator, Techstars
#a check microseed fund dave mc Lure (by chris maresca) Check his slides on slideshare
Cooley, appbackr, ostatic, techzlu, venturebeat, cloudbook, semantic
seed, svase, ssv network

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