Vfb2012 funding your startup crowd cube darren westlake
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Darren Westlake
Venturefest 2012
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• UK has lots of great ideas• Need to cultivate ideas into the next
Google/Twitter/GroupOn• Often stifled by access to
The Status Quo
A wealth of entrepreneurial talent
Google says searches for "business plan UK" have increased by 60% over the past year and searches for "small business loan" are up by 34%
Money
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• Venture capital difficult to find for smaller requirements
• Debt finance hard to come by• Business angels – limited investments
• Typically a syndicate each investing £10k - £100k• What if there was a way to have say 5000 angels
each investing £10?• What if anyone could become a business angel?
The Status Quo
The Status Quo
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Crowdcube and Crowdfunding
• Crowdcube provides a web-based central hub for entrepreneurs to meet micro-investors. It uses the power of Crowdfunding to provide a unique service to two types of people:• for entrepreneurs to source funding more accessibly than
conventional routes• for smaller investors to have the opportunity to invest in exciting high-
potential businesses
What is Crowdcube?
“$100 invested in Microsoft at their IPO would now be worth approximately $35k.”
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Crowdfunding
Crowdfunding• Crowdfunding is an approach to raising the capital required for a new
project or enterprise by appealing to large numbers of ordinary people for small donations
• Social Media• Crowdfunding examples
• Kiva.org - $325m funding raised, >777,000 lenders, ~800,000 entrepreneurs
• Kickstarter.com – >24,000 projects funded, > $250m pledged to-date, 2m people have pledged
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Crowdfunding
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How it works
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How it works
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How it works
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Benefits
Benefits
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Success so far…
£4.2 millionfunded so far…
£100,000largest single investment
>24,000members
Deals successfully funded
30£1 million
biggest deal
Business model
£1,800av. investment
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www.crowdcube.com
Thanks
Questions?