crowdfunding on emerging markets (future of crowdfunding, crowdsourcing week berlin)
DESCRIPTION
Prestentation by Karol Król, crowdfunding promotor, fan and developer, from Crowdsourcing Week conference Future of Crowdfunding and Crowdinvesting in Berlin.TRANSCRIPT
Future of Crowdfunding 2013
on emerging markets
KAROL KRÓL
CROWDFUNDING
@crowdfunding_pl l [email protected] l www.crowdfunding.pl
Doing
BARRIERS1
CURRENT STAGE 2
MYTHS3
VISION4
EXPERIMENT5
#CFbag
#CFbag
Project - product dillema Emotional rate of return isn't working?
Mentality (historical factors)
General level of wealth (culture of giving)✓
Currency✓
✓Access to the Internet✓
Research✓Financial education✓Examples✓Capital market development (public, let alone private)✓
BARRIERS
CURRENT STAGECrowdfunding develops, due to huge demand.
Unused potential [awareness, examples, tech and myths]
It's illegal
MYTHS
It's easy
It's about idea
People remember negative things better, unfortunately.
It's for small projects
It's illegal
MYTHS
It's easy
It's about idea
It's for small projects
It's illegal
MYTHS
It's easy
It's about idea
It's for small projects
At start you're a loser!
44%
36%
49%
Average
Kickstarter
Poland
It's illegal
MYTHS
It's easy
It's about idea
It's for small projects
It's for great projects!
VISION,,It's impossible to say what it will look like in the future,
but it is equally difficult to envision future without crowdfunding.
Eric Migicovsky, The Crowdfunding Bible
It took 13 years in the USA
Individual campaigns
SolutionA
Experts, advisors, media
Market creationC
Intermediary platforms
Growing scaleB
Law, protection, good practicies
Asset classD
Traditional development of new mechanism
VISION
WHO?
Creators Entrepreneurs
Financial sector Gov
VISION
VISION
Crowdsourced distribution of public funds
Selfregulation of the industry
Transparent and huge capital market of early stages
Diversification, capital transfer, next rounds, exit strategies
Cofinancing, targeting, elimination of donation addicts
Best pratices, financial ecosystem, education, fraud prevention
#CFbag
Social media Crowd
Money
Future of Crowdfunding 2013
KAROL KRÓL
Thank you!
@crowdfunding_pl l [email protected] l www.crowdfunding.pl