2. Small Business
Small Business
High-Growth Startups
High-Growth Startups
Social Impact
Social Impact
Ideas ->
Ideas ->
Patents, IP etc
Patents, IP etc INtrapreneurship
INtrapreneurship
4. Type of Desired/Expected Activities Resources Required /
Entrepreneurship Outcome Available
Small Business Paycheck(s), Personal Business Operations: Personal Funds, Bank Loans,
(merchant, consultant, Satisfaction (lifestyle) Legal establishment, SBA Assistance. “organic”
freelancer, franchisee) managing employees etc. (revenue funding)
Innovation Patents, IP, Tech Institutional research, Government/Public Funding.
(Scientist, researcher, Transfer, Royalties Documentation of IP Foundation and special private
inventor, artist …) (patron) funding
Intrapreneurship Large company “working the system”, Internal, corporate resources,
(manager, employee) growth, new aligning allies, persuading funding
products, new stakeholders
processes…
Social Solving or Impacting Marketing, petitioning, Foundation funding.
Entrepreneurship “causes” & societal organizing. “empowering” Charitable/fundraiding.
(activist, advocates, issues. Awareness. others to do the same. Patrons. Public funding.
patrons) Behavior change.
“Vanguard” Growth; market Rapid concept to product, Personal funds.
Entrepreneurship making,.“Scalability”. to market. “pitching”, Angel funding
(technologists, ‘silicon Rapid Market business models, acquiring Venture capital
valley’, opportunists, domination. “users” – particularly early IPO
dreamers) Wealth – personal adopters and influencers.
and ‘community’
5. Type of Desired/Expected Activities Resources Required /
Entrepreneurship Outcome Available
Small Business Funding
Paycheck(s), Personal
Business Operations: Personal Funds, Bank Loans,
Satisfaction (lifestyle)
Legal establishment, SBA Assistance. “organic”
Entrepreneurship etc.
managing employees (revenue funding)
Innovation Patents, IP, Tech Institutional research, Government/Public Funding.
Transfer, Royalties Documentation of IP Foundation and special private
(patron) funding
Intrapreneurship Large company “working the system”, Internal, corporate resources,
growth, new aligning allies, persuading funding
products, new stakeholders
processes…
Social Solving or Impacting Marketing, petitioning, Foundation funding.
“causes” & societal organizing. “empowering” Charitable/fundraiding.
issues. Awareness. others to do the same. Patrons. Public funding.
Behavior change.
“Vanguard” Growth; market Rapid concept to product, Personal funds.
making,.“Scalability”. to market. “pitching”, Angel funding
Rapid Market business models, acquiring Venture capital
domination. “users” – particularly early IPO
Wealth – personal adopters and influencers.
and ‘community’
6. Type of Desired/Expected Activities Resources Required /
Entrepreneurship Outcome Available
Small Business Funding
Paycheck(s), Personal
Business Operations: Personal Funds, Bank Loans,
Satisfaction (lifestyle)
Legal establishment, SBA Assistance. “organic”
Entrepreneurship etc.
managing employees (revenue funding)
Innovation Patents, IP, Tech Institutional research, Government/Public Funding.
Transfer, Royalties Documentation of IP Foundation and special private
(patron) funding
Intrapreneurship Large company
growth, new
products, new
WHY “working the system”,
aligning allies, persuading
stakeholders
Internal, corporate resources,
funding
processes…
Social Solving or Impacting Marketing, petitioning, Foundation funding.
“causes” & societal organizing. “empowering” Charitable/fundraiding.
issues. Awareness. others to do the same. Patrons. Public funding.
Behavior change.
“Vanguard” Growth; market Rapid concept to product, Personal funds.
making,.“Scalability”. to market. “pitching”, Angel funding
Rapid Market business models, acquiring Venture capital
domination. “users” – particularly early IPO
Wealth – personal adopters and influencers.
and ‘community’
8. Type of Desired/Expected Activities Resources Required /
Entrepreneurship Outcome Available
Small Business Paycheck(s), Personal Business Operations: Personal Funds, Bank Loans,
Satisfaction (lifestyle) Legal establishment, SBA Assistance. “organic”
managing employees etc. (revenue funding)
Innovation Patents, IP, Tech Institutional research, Government/Public Funding.
Transfer, Royalties Documentation of IP Foundation and special private
(patron) funding
Intrapreneurship Large company “working the system”, Internal, corporate resources,
growth, new aligning allies, persuading funding
products, new stakeholders
processes…
Social Solving or Impacting Marketing, petitioning, Foundation funding.
“causes” & societal organizing. “empowering” Charitable/fundraiding.
issues. Awareness. others to do the same. Patrons. Public funding.
Behavior change.
“Vanguard” Growth; market Rapid concept to product, Personal funds.
making,.“Scalability” to market. “pitching”,
. Rapid Market business models,
Angel funding
domination. acquiring “users” – Venture capital
Wealth – personal particularly early IPO
and ‘community’ adopters and influencers.
20. What is Crowdfunding
• Derived from Collective Intellgence
• Convergence of ecommerce, venture funding,
social media, social networking
• Online and Offiline
• Debt, donation, equity and other
• ROI, ROE
29. Crowdfunding Concepts
• Debt Crowdfunding
– microloans
– P2P lending
• Donation Crowdfunding
– Charity/Causes
– Kickstarter Model
– Rewards Based
– Pre-Order/Presumer
• Equity Crowdfunding
– JOBS act
30.
31.
32. Equity Crowdfunding - JOBS
• Eliminates ban on general solicitation and general advertising in connection
with private offerings to accredited investors under Regulation D (Rule 506) and to
qualified institutional buyers under Rule 144A.
• Exemption from Securities Act registration “crowdfunding” transactions
(involving access to small amounts of capital through the internet).
• Exemption to allow issuance of up to $50 million of securities in any 12-month
period, up from the current $5 million threshold
• An increase in the number of shareholders a company may have before being
required to register its common stock with the SEC and become a public reporting
company from 500 to 2,000 total shareholders (including up to 500
“unaccredited” shareholders)
• Amount each person may invest in offerings of this type, tiered by the person's net
worth or yearly income.
44. • The iPhone-friendly Pebble watch earned $7.6
million more than its $100,000 goal.
• And the Galileo iPhone platform closed its
Kickstarter campaign at $702,000, far
surpassing its $100,000 goal.
45. • Ouya raised $2 million in one day for a new Android gaming
console (it’s raised more than $5 million to date),
• the Nifty MiniDrive, external memory for Apple MacBooks.
The tiny storage company is more than 2,000% above its
$11,000 goal with 15 days left in the campaign.
56. American Grandmaster
a Patrick Million FILM
Directed by
Patrick Million
Executive Producer
CJ Cornell
57. WHY Crowdfunding?
• Passion
– For the technology
– For the industry
– For the cause
– For the product
• Affinity
– For the Entrepreneur
– For the region, industry etc
• Connection
• Every reason BUT R.O.I. …
58. Lessons from Ethan Mollick’s “The Dynamics of Crowdfunding: Determinants of Success and Failure”
Spear … snake … WALL … tree … rope .. FAN(ear) "The Blind Men and the Elephant." = by 19th-century American poet John Godfrey Saxe It was six men of Indostan To learning much inclined, Who went to see the Elephant (Though all of them were blind), That each by observation Might satisfy his mind. The First approached the Elephant, And happening to fall Against his broad and sturdy side, At once began to bawl: "God bless me! but the Elephant Is very like a wall!" The Second, feeling of the tusk, Cried, "Ho! what have we here So very round and smooth and sharp? To me 'tis mighty clear This wonder of an Elephant Is very like a spear!" The Third approached the animal, And happening to take The squirming trunk within his hands, Thus boldly up and spake: "I see," quoth he, "the Elephant Is very like a snake!" The Fourth reached out an eager hand, And felt about the knee. "What most this wondrous beast is like Is mighty plain," quoth he; "'Tis clear enough the Elephant Is very like a tree!" The Fifth, who chanced to touch the ear, Said: "E'en the blindest man Can tell what this resembles most; Deny the fact who can This marvel of an Elephant Is very like a fan!" The Sixth no sooner had begun About the beast to grope, Than, seizing on the swinging tail That fell within his scope, "I see," quoth he, "the Elephant Is very like a rope!" And so these men of Indostan Disputed loud and long, Each in his own opinion Exceeding stiff and strong, Though each was partly in the right, And all were in the wrong!