Crowdsourcing Week GlobalSingapore 2014
« Crowdfunding for the 21st Century »
Lionel Slusny - Loft SolutionsConsulting for Crowdfunding since 2006
Twitter : lslusny
www.LoftFi.com
We cannot connect the dots looking forward, we can only connect them looking backward
Why does crowdfunding exist ? Internet Economic and Social crisis
(imbalance of revenues, investment capabilities and investment returns)
Crowdsourcing Success stories : Kiva, Zopa, Lending
Club , … Prominent individuals embracing it
(Elon Musk, John Mack (CS former CEO), François Hollande (France Republic President),...)
More importantly, a combination of factors that makes it possible
Craving crowds for greater investment transparency
The Crowds crave for greater investment transparency : They want to know what they invest in and they want feedback
– E.g. crowdfunding replaces investments in « Sustainable » funds with only large caps (?!)
Crowdfunding is more than finance
Social connections Investment opportunities for companies Support & Professional services
It is about people… Role of Crowdsourcing
Crowdfunding platforms manage permanent imbalances
Role of Banks and financial markets
Investor’s Funding
Project opportunities
Trends in Crowdfunding are lightning bolt
Growth of specific crowdfunding types– Credit crowdfunding / p2p
lending (largest in terms of volumes)
Growth of specific crowdfunding industries– Real Estate crowdfunding– Gaming– Connected devices …
Crowdsourcing vs. Crowdfunding ?
Global vs. Local Crowdsourcing enables resources holders to connect globally to resources
requirers– The same is true for Crowdfunding
But knowledge and risk management are most important factors in Crowdfunding– Result is the vast majority of transactions happen locally or within close communities
(potentially online)
Combined models yet need to emerge.
On the importance of IT and Data
Crowdfunding is heavily relying on IT
Transparency and investors information is only as good as the inputs provided by the platforms and entrepreneurs
APIs structures are key going forward
Crowdfunding is a challenge to the Nations
Too costly for single Nations to re-define entire regulations for the purpose of crowdfunding– And too costly in terms of cost of opportunity, since larger market and Nations
will quickly acquire a competitive advantage (e.g. UK, US, Singapore…), very difficult to catch up later on
In Europe, coordinated action is yet to be seen– Actions should include incentive for crowdfunding platforms and more generally
entrepreneurship finance support
Crowdfunding platform need to become the Facebooks of project investment
The crowdfunding platforms need more crowdsourcing, more input from the crowd
They need more services and partnerships from established network of partners They need innovative ways to raise money and to communicate about their
investment opportunities They need new ways to tap into the crowd, not just for money but for their
knowledge, social networks and intangible assets
Thank You !
Crowdfunding Solutions & Partners
Contacts
[email protected]@loftfi.com
Phone : +33 9 70 46 70 90
www.LoftFi.com
Founding Member of the European Crowdfunding Network AISBL (Brussels)
www.europecrowdfunding.orgCrowdfunding Solutions & Partners