Home Events Live Blog – GIST TechConnect : Crowdfunding your Startup Venture

Live Blog – GIST TechConnect : Crowdfunding your Startup Venture

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Join the sixth GIST TechConnect webchat and learn how to finance your company using cutting-edge crowd sourcing techniques! A panel of guest speakers will introduce viewers to the concept of crowd sourcing, walk them through crowd sourcing platforms and discuss effective strategies for using these tools to raise capital.

Event info, here.

 

From Press From Press Jan 29, 201410:00 pm

Good night folks and thanks for tuning in. Digit Digit team, off.

From Press From Press Jan 29, 20148:41 pm

With that wider perspective from the panel, we are about to conclude the discussion.

From Press From Press Jan 29, 20148:34 pm

Smaller companies are collaborating with bigger one, which internally makes them stronger. – Hari

From Press From Press Jan 29, 20148:25 pm

Customers are smart now. you should be able to provide him what he asks for. – Hari

From Press From Press Jan 29, 20148:24 pm

If you believe in an idea, you can’t be embarrassed. Give it a voice. – Sanath

From Press From Press Jan 29, 20148:16 pm

There are so many options and platforms available these days. Be wise and choose the best one out for you which meets our requirements. – Hari

From Press From Press Jan 29, 20148:11 pm

How do you know wheather if it is the time? if you should keep get going or give up? Question by Imran.

Dulith: There are so many practical problems in Sri Lanka, but that didnt stop me. I kept myself going.

From Press From Press Jan 29, 20148:04 pm

Rohan and Dulith are doing great. Google is down in town, Lanka eBay is on the way. Sanath’s company is contributing a lot as well to the country. – Hari

From Press From Press Jan 29, 20147:56 pm

Sanath explains what kind of attitude you should have towards the industry if you are to become an entrepreneur.

From Press From Press Jan 29, 20147:53 pm

Imran concludes with that note. Now we move on tho the panel discussion.

From Press From Press Jan 29, 20147:47 pm

Why crowd-funding has not taken off in Sri Lanka?

Paypal isnt allowed in Sri Lanka. money laundering issues. – Imran

From Press From Press Jan 29, 20147:45 pm

Your story should be authentic.
Dont assume your audience are experts
choose a wise crowd-funding platform. – Imran

From Press From Press Jan 29, 20147:43 pm

Of-course there are challenges. Times are emerging, people are developing.

Incompetent entrepreneurs can fail and loose with millions of dollars of the people who funded them. – Imran

From Press From Press Jan 29, 20147:40 pm

Average campaign times vary to different projects and platforms. – Imran

From Press From Press Jan 29, 20147:38 pm

UK, Portugal, USA, Brazil and a bit in Asia and Australia as well, CrowdFunding Platforms are active. – Imran

From Press From Press Jan 29, 20147:35 pm

Imran is talking about crowdfunding platforms like Kiva, Rock the post and somolend, whci are micro-finance platforms. This is a very serious business in terms of crowd-funding.

From Press From Press Jan 29, 20147:33 pm

How do crowdfunding platforms make money? It is all about getting your money back. – Imran

From Press From Press Jan 29, 20147:30 pm

Now moving on to the actual local discussion, we have Imran on the stage now. He will brief us on what Crowdfunding is.

From Press From Press Jan 29, 20147:28 pm

There are very handful countries in the world who are doing crowd-funding for a long time. Come up with a creative solution for your problem- Jason

From Press From Press Jan 29, 20147:23 pm

Amr Saleh, CEO of IntegrEight joined the discussion via a phone call a while back. The line was not rather clear.

From Press From Press Jan 29, 20147:18 pm

Watch the Live Web cast of the discussion, right here. https://conx.state.gov/entrepreneurship

From Press From Press Jan 29, 20147:15 pm

It is very important to have a plan before you start your campaign. you at-least should have a prototype of your product to showcase. – Jason

From Press From Press Jan 29, 20147:13 pm

If you have a compelling story which attracts the media, sell you story to them. – Karen

From Press From Press Jan 29, 20147:12 pm

Have a core network, brand ambassadors. It adds some values. Media can play a large role in this matter. – Karen

From Press From Press Jan 29, 20147:09 pm

Luan has a different answer for this.

If you can manage as along as you are gaining and not losing, its a good investment using many platforms.

From Press From Press Jan 29, 20147:07 pm

Online Q: Can you crowd-fund in more than 2 platforms at the same time.

A: Yes you can but it would be better if you focus on one – Jason.

From Press From Press Jan 29, 20147:03 pm

What type of investors globally are we looking at?

Our portal was launched to fulfill this issue. – Luan Cox

From Press From Press Jan 29, 20146:57 pm

This is a new way of reaching out to your customers. Getting an idea and then to execute it, finding a funder is a big challenge. – Jason

From Press From Press Jan 29, 20146:54 pm

There are 3 types of Crowd-funding methods available.

1. Reward
2. Donation
3. peer to peer lending – Jason

From Press From Press Jan 29, 20146:51 pm

Technology and Social Media has came along the way too, enabling the impossibles. – Karen

From Press From Press Jan 29, 20146:48 pm

Karen Kerrigan, President & CEO of SBE Council press is on the sets as well.

From Press From Press Jan 29, 20146:47 pm

Ovidiu begins the panel discussion, asks a general question. How crowd sourcing/funding is helping people to raise capitol?

From Press From Press Jan 29, 20146:43 pm

US panelists are

Jason Best – Co-founder, Crowd-funding Capitol Advisers
Slava Rubin – Founder and CEO of Indiegogo

From Press From Press Jan 29, 20146:40 pm

For TechConnect, they have had more than 8 Million viewers from all over the world. It is recommended to use the hashtag #GISTTechConnect to get connected and to ask questions.

From Press From Press Jan 29, 20146:39 pm

Ovidue Bojurean would be the moderator for tonight.

From Press From Press Jan 29, 20146:36 pm

The web cast has started. You can watch it online via this link https://conx.state.gov/entrepreneurship

From Press From Press Jan 29, 20146:35 pm

Moving on with the event, we introduce tonight local panelists.

Imran Furkan – Executive Director at SLASSCOM
Rohan Jayaweera – Country Consultant at Google Inc
Dulith K. Herath – CEO and Founder of Kapruka.lk
Sanath A. Fernando – CEO Rdgecrest Asia
Hariharan Padmanaban – Business Development Manager at Orion Management Consortium

From Press From Press Jan 29, 20146:23 pm

stay tunes with us for more info and live updates from the event.

From Press From Press Jan 29, 20146:22 pm

Good Evening everyone.
Team diGIT here, Live from the event GIST TechConnect : Crowdfunding your Startup Venture happening right now at FulBright Auditorium.

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