We have just raised money via crowdfunding after getting declided by VCs. My feeling is that we could have raised more from VCs, but we still have a lot of freedom to do things the way we want.
Video suggestion: Since you have Recurring, you could launch a series with the most commonly used business software products. ("The XXX that every startup uses to YYY"). Might target the right audience and be good keyword wise
I've learned about crowdfunding in the last 24 hours, plus this video. From an investor point of view, I really like the platforms focused on loans (for property or private companies), as they look pretty solid and with steady growth in some countries. They allow you to diversify and invest in many different loans, without having to start with a huge amount of money. I look forward to learn more about equity crowdfunding.
We’ve been talking to VCs but decided to bootstrap hardware startup some inception. Personally have been in Silicon Valley for majority of my career but then current landscape is now an avg 9months to close a round. Crowdfunding on certain platforms has compliance rigor, 3rd part CPA on 3 year financials, fact checking partnerships, and background checks on all executive and key stakeholders. There’s a lot of checks and balances in place so I believe equity crowdfunding will grow in popularity as an option similar to how Robinhood democratized stock and fractional stock trades.
So I have this idea that I deeply believe in, so much so that I’m going to college and trying to get as much formal education as I can to benefit myself. It’s not a tangible product that can be sold or advertised. It’s a joint trampoline park/rock climbing gym. The price to entry is so high and I just am having the worst time trying to figure out how to get past that entry price
We are seriously considering crowdfunding for our startup, unfortunately the math doesn't add up compared the power of VC. Also, VC are more about getting good network, it helps you recruiting and get insights about your market. A good VC (or group of BA) is what makes a good startup to an amazing startup BUT the worse of the worse is to have a bad VC. Better not accept the money if your VC was hyped for bad reasons and doesn't have what it takes to help you conquer your market and hold when time will be hard.
I'm always sceptical when people start their argument with pseudo-analytical framings like "the math doesn't add up... " to make it sound like there's a deep analysis behind it. Then please enlighten us and share that math with us.
@@Knowledge_Nuggies with pleasure : Based on similar project (e-health app on tinnitus), the biggest projects received about 12k. In general, mobile app project receive a lot less than hardware. Getting 100k is very very good on kickstarter. The expected cost on marketing and team effort for a crownfunding is quite high, we estimated about 20,000 to $35,000 including PR. For course, if the campaign is successful, it may generate a lot of leads but you need to compare it to any other acquisition pipeline, e.g. facebook ads for us. 35,000$ in facebook ads would bring us 17,500 new users at least with the current cost of acquisition. Crownfunding campaigns doesnt have these kind of huge audience (it's a niche). You shoudl also take into consideration the tax of the plateform itself. Math : if we are very good, we can expect 100,000$, giving us a net 30,000 to 45,000$. Unfortunately, to reach our next milestone required at least 500,000. With all time and efforts, crowdfunding is therefore not viable for us. The math could be quite different if you have a B2C hardware OR if you just need a pre-seed and no team.
@@Knowledge_Nuggies and I didn't include the math because, the math is different from startup to startup. Any founder like me, probably did some similar calculus.
That's a terrible calculation. If you spend 40k on marketing pre-launch, you absolutely have no clue about startup success factors / value drivers and rational resource allocation. People like this are the reason why 90% of startups fail pre-PMF. Organic marketing is the magic word here, also you can set minimum funding thresholds. No need to start running if you fail to reach that funding target. Same for VCs: if you wanna raise 500k, you'll not spend 40k to meet them and then be OK if you only find an angel who gives you 50k. That's just illogical.
@@Knowledge_Nuggies yes, that's why I'm not spending that money. ^^ You could have spent the same amount of time explaining where my math is wrong. Very useful.
Is crowdfunding good for a Health care start up with planning of innovative customised products along with expert consultation Service at minimal Charges?
First comment which only means one thing - you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
You got to tighten up your audio man if you want people to actually watch the whole video. Sound keeps going in and out every time you face away from the camera get a mic
Glad you enjoyed! Because you were one of the first few comments you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
Yes. What do you think of crowdfunding? Also, because you were one of the first few comments you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
Technically 6th comment but I'll let it slide. Email our Community Manager, Páraic, at paraic@slidebean.com and he will let you know more info about office hours :)
4th! But still super quick. Because you were one of the first few comments you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
Technically second (still so quick) but you know what that means - you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
🔴 I'm glad I found your video, it gave me a bit of relief, to know that I now have an option to jumpstarting my project. I do have a few questions, and it points to an industry that I have not seen on any crowdfunding platform. Hope to hear from you 🟥
We have just raised money via crowdfunding after getting declided by VCs. My feeling is that we could have raised more from VCs, but we still have a lot of freedom to do things the way we want.
Congratulations, I’m sure that the freedom will prove more valuable in the end.
Congratulations. Could you please advise which platform did you use?
Video suggestion: Since you have Recurring, you could launch a series with the most commonly used business software products. ("The XXX that every startup uses to YYY"). Might target the right audience and be good keyword wise
Fun coincidence- we’re launching our equity crowdfunding campaign in 2 weeks!
What company?!
I've learned about crowdfunding in the last 24 hours, plus this video. From an investor point of view, I really like the platforms focused on loans (for property or private companies), as they look pretty solid and with steady growth in some countries. They allow you to diversify and invest in many different loans, without having to start with a huge amount of money.
I look forward to learn more about equity crowdfunding.
These videos are so good, we don't mind watching ads :)
Consult a chiropractor, and get that ear aligned with the shoulder. Really terrible posture to be used on a thumbnail.
Damn bruh
Made you click.
@@cayahere lol
We’ve been talking to VCs but decided to bootstrap hardware startup some inception. Personally have been in Silicon Valley for majority of my career but then current landscape is now an avg 9months to close a round.
Crowdfunding on certain platforms has compliance rigor, 3rd part CPA on 3 year financials, fact checking partnerships, and background checks on all executive and key stakeholders.
There’s a lot of checks and balances in place so I believe equity crowdfunding will grow in popularity as an option similar to how Robinhood democratized stock and fractional stock trades.
👏👏👏🇧🇷 As you mentioned crowdfunding isn't for all. Must be aligned with the startup strategy and purpose.
Dude I love your videos! You have definitely thought me a lot more then school
Thanks alot for the video. Answered most of my questions.
Thank you, Caya, for another great video!
Why am I watching this if I don't even have a business idea
So I have this idea that I deeply believe in, so much so that I’m going to college and trying to get as much formal education as I can to benefit myself. It’s not a tangible product that can be sold or advertised. It’s a joint trampoline park/rock climbing gym. The price to entry is so high and I just am having the worst time trying to figure out how to get past that entry price
We are seriously considering crowdfunding for our startup, unfortunately the math doesn't add up compared the power of VC. Also, VC are more about getting good network, it helps you recruiting and get insights about your market. A good VC (or group of BA) is what makes a good startup to an amazing startup BUT the worse of the worse is to have a bad VC. Better not accept the money if your VC was hyped for bad reasons and doesn't have what it takes to help you conquer your market and hold when time will be hard.
I'm always sceptical when people start their argument with pseudo-analytical framings like "the math doesn't add up... " to make it sound like there's a deep analysis behind it. Then please enlighten us and share that math with us.
@@Knowledge_Nuggies with pleasure :
Based on similar project (e-health app on tinnitus), the biggest projects received about 12k. In general, mobile app project receive a lot less than hardware. Getting 100k is very very good on kickstarter.
The expected cost on marketing and team effort for a crownfunding is quite high, we estimated about 20,000 to $35,000 including PR. For course, if the campaign is successful, it may generate a lot of leads but you need to compare it to any other acquisition pipeline, e.g. facebook ads for us.
35,000$ in facebook ads would bring us 17,500 new users at least with the current cost of acquisition. Crownfunding campaigns doesnt have these kind of huge audience (it's a niche).
You shoudl also take into consideration the tax of the plateform itself.
Math : if we are very good, we can expect 100,000$, giving us a net 30,000 to 45,000$.
Unfortunately, to reach our next milestone required at least 500,000. With all time and efforts, crowdfunding is therefore not viable for us.
The math could be quite different if you have a B2C hardware OR if you just need a pre-seed and no team.
@@Knowledge_Nuggies and I didn't include the math because, the math is different from startup to startup. Any founder like me, probably did some similar calculus.
That's a terrible calculation. If you spend 40k on marketing pre-launch, you absolutely have no clue about startup success factors / value drivers and rational resource allocation. People like this are the reason why 90% of startups fail pre-PMF. Organic marketing is the magic word here, also you can set minimum funding thresholds. No need to start running if you fail to reach that funding target. Same for VCs: if you wanna raise 500k, you'll not spend 40k to meet them and then be OK if you only find an angel who gives you 50k. That's just illogical.
@@Knowledge_Nuggies yes, that's why I'm not spending that money. ^^
You could have spent the same amount of time explaining where my math is wrong. Very useful.
Caya, you a cold piece of work. I ain't gon make without you.💯⚖️✊
Great content as always Jose 🤵🏾📲🏝
Can you try bringing back the wide shot videos, and make more visually pleasing. Did you cut the budget?
hey mr caya love your channel that being said please work on your posture my guy you'll thank yourself in the long run
Is crowdfunding good for a Health care start up with planning of innovative customised products along with expert consultation Service at minimal Charges?
Great content as always
💪🏿😃😃😃😃😃😃😃😃😃😃👍🏻
I was approached by an investor but I'm still planning to go the crowd-funding so I can remain independent on not depend on one person.
Hey, wanted to book you as you said there's a link in the description but I couldn't find it anywhere! Can I book you for a session please?
Almost got it! like the rounds of investment :(
Office hours… am I too late?
Don't slouch my man
Can we Expect Any new Video on XRP ?
Its not on the production line just yet, but who knows, maybe in the future!
Hey @caya I have heard some rumors about a company called Peloton and it could be a hit on company forensics give it a look
to much head wobble.
Nice
Nice content... Mythbuster
First comment which only means one thing - you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
Interesting 🧐
🔥🔥🔥
You got to tighten up your audio man if you want people to actually watch the whole video. Sound keeps going in and out every time you face away from the camera get a mic
Great
Glad you enjoyed! Because you were one of the first few comments you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
What's with this guys eyes? Sleep well dude!
I see you're trying out more aggressive titles to see if you can get more eyeballs on your videos.
Office hours
🔥
Crowdfunding.
Thank you for your comment Umar!
Yes. What do you think of crowdfunding?
Also, because you were one of the first few comments you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
office hours
Technically 6th comment but I'll let it slide. Email our Community Manager, Páraic, at paraic@slidebean.com and he will let you know more info about office hours :)
Bro, you move your head a lot.. its very disturbing to focus on your points..
3rd dam
4th! But still super quick. Because you were one of the first few comments you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
Get some sleep. Health is #1.
😴😴😴😴😴😴😴😴😴😴😴
First comment
Technically second (still so quick) but you know what that means - you get an invite to Caya's group office hour session. To find out more email our Community Manager, Páraic, at paraic@slidebean.com :)
Is he stoned? His eyes are barely open. I watch his content and love it but his eyes are barely open. He looks stoned AF.
🔴 I'm glad I found your video, it gave me a bit of relief, to know that I now have an option to jumpstarting my project. I do have a few questions, and it points to an industry that I have not seen on any crowdfunding platform. Hope to hear from you 🟥
Great video - straight to the point!