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Funding For Entrepreneurs

       August 22nd 2012
How many of you have heard about Crowdfunding?

How many of you are planning or already have started a
Crowdfunding campaign?

How many of you have heard about Rock The Post?
Agenda
 About Rock The Post
 Most Asked Questions
 Misconceptions about crowdfunding
 Why crowdfund?
 Basic Crowdfunding Campaign Process
 How to launch a crowdfunding campaign
Why Rock The Post Was Born

 In 2009, U.S. banks posted the sharpest decline in
  private lending since 1942.

 98% of the business plans received by accredited
  investors and VC’s are rejected.

 Our philosophy and deep passion:
  Funding innovation = Evolution
Most Frequently Asked Questions

ï‚€ What is the most amount raised?

ï‚€ Who pledges to projects?

ï‚€ What is a good example of a success story?

ï‚€ What is the difference between Rock The
  Post and others?
Crowdfunding Platform Comparison


            Kickstarter      Indiegogo      Rock The Post
                                               Company
 Focus     Product focus        Broad
                                               Purpose

Funding     All or nothing     Flexible      All or nothing

           Mass consumer     Fund my life   Entrepreneurs at
  Area
             products          projects       early stage
Customer
               Limited         Limited         Excellent
 Service
Our Purpose
       Why? RTP is profoundly passionate about
        making a difference by funding innovation,
        which we believe is the catalyst for evolution.

             How? RTP empowers          project creators
               by providing outstanding customer service
               with the education needed to break new
               grounds!

                   What? RTP is the crowdfunding
                      platform that brings funding to the
                      people by the people.
Misconceptions About Crowdfunding

 Solely launching a project will bring in dollars
   NOT LIKELY: leverage your inner networks

 By directing people to your project, people will pledge
   NOT LIKELY: Be bold and clear, directly ask for donations

 Crowdfunding campaigns are effortless
   NOT TRUE: It’s easier than traditional
  fundraising, but you still need to put in
  time and energy
Why Crowdfund? (The Benefits)

  Feedback from prospective customers
  Establish proof of concept
  Presell your product
  Test current business plan
  Analyze your product’s market demand
  Grow your audience
  Gather insight for improving your product
  Determine the best price point
Basic Crowdfunding Campaign Process

1. Plan ahead for campaign
  i.     Distribution lists
  ii.    Set fundraising goal & campaign length
  iii.   Target media outlets

2. Create the crowdfunding campaign
  i.     Create an epic story
  ii.    Have enticing reward
  iii.   Identify your target audience

3. Once the campaign is running
  i.     Spread The Word
  ii.    Project updates
Spread The Word!

         Personalized Email
         Family, friends, colleagues
         Social media
           Facebook, Twitter, LinkedIn, Reddit,
          Quora, etc.
         Blogs, Forums, Publications
         Organizations
         Media outreach
        *Be consistent and passionate, but not annoying.
Check List – Creating a Project
   A customized, convincing 2-3minute video

   A one-page description of your product and story

   5-8 potential rewards you can offer to people for their pledges.

   The number of rewards for each level of donation that you are
    actually capable of fulfilling.

   Attractive product images.

   Short bio & photo of project owner & team

   Fundraising goal
Why People Pledge

 They connect with the message and the
  reason behind the project.

 They connect with some physical
  aspect of the projects, such as
  rewards and incentives.

 They connect with the unique way in
  which the project creator is trying to
  raise funds.
Importance of Rewards




 Incentives motivate people to donate.

 People want tangible/valuable rewards.

 Set number of rewards appropriately for each
  donation level.
Manage Expectations

 On average it takes 1-2 weeks to complete a well-
  crafted Post, unless working with a team.
 An average of 35-45% of projects are successfully
  funded.
 Successful projects typically raise 25-40% of funds
  from their inner social networks (family, friends,
  colleagues).
 Stay active throughout campaign.

Note: Make sure that you’re promoting your project throughout the right industry, and that
your marketing efforts stay aligned.
Target the Right Audience

        Who will be your target?

      How do you relate to them?

    How will you engage with them?




                   .
Rock The Post Crowdfunding Video




This Video can be located in our Help Center: http://www.rockthepost.com/tour/pledging
Questions


We will now take a few minutes
  to answer your questions.
Thanks For Attending!

For further questions or comments please contact
      Rock The Post’s Community Manager:
                 Danielle Kisza
            danielle@rockthepost.com

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Funding For Entrepreneurs

  • 1. Funding For Entrepreneurs August 22nd 2012
  • 2. How many of you have heard about Crowdfunding? How many of you are planning or already have started a Crowdfunding campaign? How many of you have heard about Rock The Post?
  • 3. Agenda  About Rock The Post  Most Asked Questions  Misconceptions about crowdfunding  Why crowdfund?  Basic Crowdfunding Campaign Process  How to launch a crowdfunding campaign
  • 4.
  • 5. Why Rock The Post Was Born  In 2009, U.S. banks posted the sharpest decline in private lending since 1942.  98% of the business plans received by accredited investors and VC’s are rejected.  Our philosophy and deep passion: Funding innovation = Evolution
  • 6. Most Frequently Asked Questions ï‚€ What is the most amount raised? ï‚€ Who pledges to projects? ï‚€ What is a good example of a success story? ï‚€ What is the difference between Rock The Post and others?
  • 7. Crowdfunding Platform Comparison Kickstarter Indiegogo Rock The Post Company Focus Product focus Broad Purpose Funding All or nothing Flexible All or nothing Mass consumer Fund my life Entrepreneurs at Area products projects early stage Customer Limited Limited Excellent Service
  • 8. Our Purpose  Why? RTP is profoundly passionate about making a difference by funding innovation, which we believe is the catalyst for evolution.  How? RTP empowers project creators by providing outstanding customer service with the education needed to break new grounds!  What? RTP is the crowdfunding platform that brings funding to the people by the people.
  • 9. Misconceptions About Crowdfunding  Solely launching a project will bring in dollars  NOT LIKELY: leverage your inner networks  By directing people to your project, people will pledge  NOT LIKELY: Be bold and clear, directly ask for donations  Crowdfunding campaigns are effortless  NOT TRUE: It’s easier than traditional fundraising, but you still need to put in time and energy
  • 10. Why Crowdfund? (The Benefits) Feedback from prospective customers Establish proof of concept Presell your product Test current business plan Analyze your product’s market demand Grow your audience Gather insight for improving your product Determine the best price point
  • 11. Basic Crowdfunding Campaign Process 1. Plan ahead for campaign i. Distribution lists ii. Set fundraising goal & campaign length iii. Target media outlets 2. Create the crowdfunding campaign i. Create an epic story ii. Have enticing reward iii. Identify your target audience 3. Once the campaign is running i. Spread The Word ii. Project updates
  • 12. Spread The Word!  Personalized Email  Family, friends, colleagues  Social media  Facebook, Twitter, LinkedIn, Reddit, Quora, etc.  Blogs, Forums, Publications  Organizations  Media outreach *Be consistent and passionate, but not annoying.
  • 13. Check List – Creating a Project  A customized, convincing 2-3minute video  A one-page description of your product and story  5-8 potential rewards you can offer to people for their pledges.  The number of rewards for each level of donation that you are actually capable of fulfilling.  Attractive product images.  Short bio & photo of project owner & team  Fundraising goal
  • 14. Why People Pledge  They connect with the message and the reason behind the project.  They connect with some physical aspect of the projects, such as rewards and incentives.  They connect with the unique way in which the project creator is trying to raise funds.
  • 15. Importance of Rewards  Incentives motivate people to donate.  People want tangible/valuable rewards.  Set number of rewards appropriately for each donation level.
  • 16. Manage Expectations  On average it takes 1-2 weeks to complete a well- crafted Post, unless working with a team.  An average of 35-45% of projects are successfully funded.  Successful projects typically raise 25-40% of funds from their inner social networks (family, friends, colleagues).  Stay active throughout campaign. Note: Make sure that you’re promoting your project throughout the right industry, and that your marketing efforts stay aligned.
  • 17. Target the Right Audience Who will be your target? How do you relate to them? How will you engage with them? .
  • 18. Rock The Post Crowdfunding Video This Video can be located in our Help Center: http://www.rockthepost.com/tour/pledging
  • 19. Questions We will now take a few minutes to answer your questions.
  • 20. Thanks For Attending! For further questions or comments please contact Rock The Post’s Community Manager: Danielle Kisza danielle@rockthepost.com