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Crowdfunding: How The SAfrican Community Financed Online Businesses
- Your vote:
- Yes No
- Organizer:
- Description:
- The story of how otherwise unconncted South African citizens pooled together their money and resources, and thus helped seed over a dozen online businesses in South Africa - when no other realistic options of finance existed. The presentation will cover lessons learned, and tips for replicating the model in other regions.
- Questions
Answered: -
- What is crowdfunding?
- What is the best legal entity to start a crowdfunding venture?
- Is there real money to be made for investors?
- Is the promise of doing a "community-good" enough incentive for people to invest?
- How are funds allocated to new ventures?
- What else - other than just funds - can be crowdsourced to help online businesses?
- How does a crowdfund fit into the next, VC backed, round of finance?
- What are the main challenges in running/administering such a fund?
- Selling the concept of a crowdfund to enough people to make it viable
- What are some examples of crowdfunding success, and crowdfunding diasters?
- Level:
- Beginner
- Category:
- Business / Entrepreneurial / Monetization, Case Study, Community / Online Community, Digital Divide, Funding / VC
- Type:
- Solo
- Event:
- Interactive 2010
Developed for SXSW by Lindsey Simon