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Published byBritney Goodman Modified over 9 years ago
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Darren Westlake Creative Innovation Workshop
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UK has lots of great ideas Need to cultivate ideas into the next Google/Twitter/GroupOn Often stifled by access to The Status Quo A wealth of entrepreneurial talent Google says searches for "business plan UK" have increased by 60% over the past year and searches for "small business loan" are up by 34% Money
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Venture capital difficult to find for smaller requirements Debt finance hard to come by Business angels – limited investments Typically a syndicate each investing £10k - £100k What if there was a way to have say 5000 angels each investing £10? What if anyone could become a business angel? The Status Quo
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Crowdcube and Crowdfunding Crowdcube provides a web-based central hub for entrepreneurs to meet micro-investors. It uses the power of Crowdfunding to provide a unique service to two types of people: for entrepreneurs to source funding more accessibly than conventional routes for smaller investors to have the opportunity to invest in exciting high- potential businesses What is Crowdcube? “$100 invested in Microsoft at their IPO would now be worth approximately $35k.”
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Crowdfunding Crowdfunding is an approach to raising the capital required for a new project or enterprise by appealing to large numbers of ordinary people for small donations Social Media Crowdfunding examples Kiva.org - $325m funding raised, >777,000 lenders, ~800,000 entrepreneurs Kickstarter.com – >24,000 projects funded, > $250m pledged to-date, 2m people have pledged
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Crowdfunding
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How it works
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Benefits
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Success so far… £3.7 million funded so far… £100,000 largest single investment 18,000 members Deals successfully funded 21 £1 million biggest deal Business model £1,291 av. investment
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Funding growth Our funding growth
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www.crowdcube.com Thanks Questions?
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