Our Founder Encountered a Problem That He
Realized Every Startup Faces
When I began my first startup, Flockminer, I really had no clue what I
was doing. I had a great idea and initial capital from family and friends,
but when it came to running a company or securing a future round I hit a
brick wall.
I believe most startups are the same: great ideas, passion, and drive,
but lack the resources, community, and network to get them to the next
stage.
I have found this to be true across the world, but more so in emerging
economies, where entrepreneurs are driven, talented, and passionate,
but have far less access to capital.
David Mark
Solution: Support Not Investment
Fundz recognized that funding startups in the emerging economies
takes more than one time cash infusions, but rather should mimic both
a mentorship model along with the funding model of a peer to peer
donation platform.
To accomplish this, Fundz merges both community and crowdfunding
by bringing mentors and supporters together in order to help
entrepreneurs from emerging economies get the ongoing capital and
guidance they need.
How Does it Work?
● Fundz uses a social media platform structure as the gateway for
startups, mentors, and supporters to engage with each other.
● Crowdfunding is done through recurring support pledges on a
weekly, monthly, or quarterly interval.
● As startups grow they engage and report on their progress to the
crowd. Bonds between the emerging economies and funders from
around the world help encourage engagement and financial
support.
● Specific perks vary from project to project.
Market Potential: Developing Economies
Asia
Nasscom Study: Startups in India to grow from 3,100 to 11,500 by 2020.
Startup Growth in the rest of Asia last year:
Beijing: 165% Tokyo: 126% Shanghai: 81%
Africa
Leading the World in TEA (total early stage entrepreneurial activity):
Nigeria 39% Zambia 39% Malawi 28.1% Ghana 25.8% Uganda 25.2%
Growth Plan for the Next Year
Raise $350,000
5,000 Users
500 Projects
30+ Mentors
Hub and Accelerator Partnerships in China, Japan,
Mongolia, India, Thailand, Vietnam, Nigeria, Zambia,
South Africa
New Hires: Community Manager, Outreach
Director, Developer(s)
Competition
Recurrency is a
recurring crowd
funding site where
you support and
connect with creators
you love every week.
Commit Change
builds beautiful
fundraising tools that
help nonprofits raise
more money and
create lasting
relationships with their
supporters.
Patreon was created to
enable fans to support
and engage with the
artists and creators they
love.
So How Do We Know About Crowdfunding?
Team Members Consult and Advise for the following crowdfunding platforms:
This gives us a unique insight into crowdfunding and what
works and of course what doesn’t. We have learned from
the best and facilitated winning strategies and campaigns
for platforms that have raised millions of dollars.
We’ve done it for others. Now it’s our turn!