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CROWD FUNDING – finance your project by engaging your fans By:larm, Oslo. 18 February 2011 Martin Thörnkvist, @thornkvist

Crowdfunding - finance your project by engaging your fans

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A presentation about what crowdfunding is, why you should use it and 8 advice on how to do it. 18 February 2011 By:larm, Oslo, Norway

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Page 1: Crowdfunding - finance your project by engaging your fans

CROWD FUNDING– finance your project by engaging your fans

By:larm, Oslo. 18 February 2011

Martin Thörnkvist, @thornkvist

Page 2: Crowdfunding - finance your project by engaging your fans

AgendaWhat is crowdfunding?Why should we care?Advice on how to do itGood examples

Page 3: Crowdfunding - finance your project by engaging your fans

DefinitionCrowdsourcing

Page 4: Crowdfunding - finance your project by engaging your fans

Crowdsourcing

”model for distributed

problem solving”

creation, voting, wisdom, funding

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”cooperation by a group of people to montery support a

project”Crowdfunding

Page 6: Crowdfunding - finance your project by engaging your fans

Why?Part of your business model

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Jill Sobule

Page 8: Crowdfunding - finance your project by engaging your fans

$100 - Copper Level:T-shirt saying you're a

junior executive producer on the album.

Page 9: Crowdfunding - finance your project by engaging your fans

$500 - Gold Level: This is where it gets good!

At the end of my CD, I'll do a fun instrumental track where I'll mention your

name

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$10 000 - Weapons-Grade Plutonium Level: You get to come and sing on my

CD. Don't worry if you can't sing - we can fix that on our

end.

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89 000 dollar53 days

638 people

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Platformsto launch your project

1. How much money2. How many days

3. What the rewards are4. A selling text

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to launch your project1. How much money2. How many days

3. What the rewards are4. A selling text

kickstarter.com

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indiegogo.comto launch your project

1. How much money2. How many days

3. What the rewards are4. A selling text

Page 16: Crowdfunding - finance your project by engaging your fans

to launch your project1. How much money2. How many days

3. What the rewards are4. A selling text

fundedbyme.com

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8 advicefor a successful crowdfunding project

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Good ideaAs always

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Tell your storyCreate bond and understanding

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Spend time on a videoStraight to people’s heart

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SpecifyMake your world easy to understand

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Creative rewards”(no art critics please)”

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Don’t leave any money on the table

$100 adds most

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Create a modular story

30 % = tipping point

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Don’t forget to spread the word

15% on Kickstarter doesn’t earn a dollar

1. Recruit ambassadors2. Plant your idea

3. Bloggers are your best friends 4. Spread to thousand networkds

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Any interest?The numbers

Kickstarter 2010:3900 successful projects

386 373 pledges27,638,318 dollars

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=Summary

Not just sellingCreate engagemang

Be creative all the way