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Crowdfunding: How The SAfrican Community Financed Online Businesses

Event Interactive 2010
Format Solo
Organizer Eve Dmochowska – SeedFund
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
  1. What is crowdfunding?
  2. What is the best legal entity to start a crowdfunding venture?
  3. Is there real money to be made for investors?
  4. Is the promise of doing a "community-good" enough incentive for people to invest?
  5. How are funds allocated to new ventures?
  6. What else - other than just funds - can be crowdsourced to help online businesses?
  7. How does a crowdfund fit into the next, VC backed, round of finance?
  8. What are the main challenges in running/administering such a fund?
  9. Selling the concept of a crowdfund to enough people to make it viable
  10. 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
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