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DIY CROWDFUNDING Crowdfuture : Rome 2013 Tim Wright.

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Presentation on theme: "DIY CROWDFUNDING Crowdfuture : Rome 2013 Tim Wright."— Presentation transcript:

1 twintangibles.co.uk @twintangibles DIY CROWDFUNDING Crowdfuture : Rome 2013 Tim Wright

2 twintangibles.co.uk @twintangibles Do It Yourself Crowdfunding Definition The process of a crowdfunder not placing their campaign on any of the recognised crowdfunding platforms and choosing to run it themselves typically via their own online presence. This is not the same as “white-labeling”

3 twintangibles.co.uk @twintangibles Early Exponents Brewdog Started before the availability of platforms App.Net Mavericks and independent Lockitron Rejected by a platform Star Citizen Follow on from a platform fund

4 twintangibles.co.uk @twintangibles Brewdog

5 twintangibles.co.uk @twintangibles

6 twintangibles.co.uk @twintangibles Lockitron

7 twintangibles.co.uk @twintangibles

8 twintangibles.co.uk @twintangibles Key Drivers The increasing number of successfully crowdfunded projects A desire to maximise returns by avoiding the costs associated with using a platform Increasing restrictions on many crowdfunding platforms The perceived decreasing advantages of discoverability on a major platform as they become more crowded Lower cost and higher availability of tools to enable it Integrates into digital business models

9 twintangibles.co.uk @twintangibles When DIY is Chosen Having a significant established “crowd asset” Having a significant established “crowd asset” Serial project – iterations Serial project – iterations Project has distinctive/niche characteristics Project has distinctive/niche characteristics Lack of availability of suitable platform/National Lack of availability of suitable platform/National Need for Flexibility/Customisation Need for Flexibility/Customisation Moving from Crowdfunding to e commerce Moving from Crowdfunding to e commerce Otherwise excluded Otherwise excluded

10 twintangibles.co.uk @twintangibles TARGETS AUDIT Low, Flexible & Non Strategic, High, Inflexible & Strategic, Significant Social & Relationship capital High Skills, Deep Resource Little Social & Relationship capital Low Skills, Little Resource Required Flexibility Low High DIY Zone Decision Threshold Using The TAMP Process

11 twintangibles.co.uk @twintangibles The Risks and Considerations Visibility Visibility Will you get it? Diligence Diligence How sure are you? Trust Who are you? Skills Skills Do you have them?

12 twintangibles.co.uk @twintangibles The Tools Four main types: Plug-ins and Themes Plug-ins and Themes Discrete Platforms Discrete Platforms Open Source Open Source Self Builds Self Builds

13 twintangibles.co.uk @twintangibles The Future Landscape We predict that the sector will continue to grow as: Popular crowdfunding platforms become increasingly crowdedPopular crowdfunding platforms become increasingly crowded Platforms become increasingly restrictive in listing rulesPlatforms become increasingly restrictive in listing rules The value of crowd assets are increasingly recognisedThe value of crowd assets are increasingly recognised Crowdfunding continues to become a familiarCrowdfunding continues to become a familiar

14 twintangibles.co.uk @twintangibles Growth Points Follow on or second funding rounds Products & services with an incremental development path Larger brands who wish to leverage their established “crowd assets”

15 twintangibles.co.uk @twintangibles The Report Will Be Released Wednesday 23 rd October Available at: www.twintangibles.co.uk Price: £ 9,99 Questions Contact: tim@twintangibles.co.uk +44(0)7717 714 595


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