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.
Good night folks and thanks for tuning in. Digit Digit team, off.
With that wider perspective from the panel, we are about to conclude the discussion.
Smaller companies are collaborating with bigger one, which internally makes them stronger. – Hari
Customers are smart now. you should be able to provide him what he asks for. – Hari
If you believe in an idea, you can’t be embarrassed. Give it a voice. – Sanath
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
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.
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
Sanath explains what kind of attitude you should have towards the industry if you are to become an entrepreneur.
Imran concludes with that note. Now we move on tho the panel discussion.
Why crowd-funding has not taken off in Sri Lanka?
Paypal isnt allowed in Sri Lanka. money laundering issues. – Imran
Your story should be authentic.
Dont assume your audience are experts
choose a wise crowd-funding platform. – Imran
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
Average campaign times vary to different projects and platforms. – Imran
UK, Portugal, USA, Brazil and a bit in Asia and Australia as well, CrowdFunding Platforms are active. – Imran
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.
How do crowdfunding platforms make money? It is all about getting your money back. – Imran
Now moving on to the actual local discussion, we have Imran on the stage now. He will brief us on what Crowdfunding is.
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
Amr Saleh, CEO of IntegrEight joined the discussion via a phone call a while back. The line was not rather clear.
Watch the Live Web cast of the discussion, right here. https://conx.state.gov/entrepreneurship
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
If you have a compelling story which attracts the media, sell you story to them. – Karen
Have a core network, brand ambassadors. It adds some values. Media can play a large role in this matter. – Karen
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.
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.
What type of investors globally are we looking at?
Our portal was launched to fulfill this issue. – Luan Cox
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
There are 3 types of Crowd-funding methods available.
3. peer to peer lending – Jason
Technology and Social Media has came along the way too, enabling the impossibles. – Karen
Karen Kerrigan, President & CEO of SBE Council press is on the sets as well.
Ovidiu begins the panel discussion, asks a general question. How crowd sourcing/funding is helping people to raise capitol?
US panelists are
Jason Best – Co-founder, Crowd-funding Capitol Advisers
Slava Rubin – Founder and CEO of Indiegogo
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.
Ovidue Bojurean would be the moderator for tonight.
The web cast has started. You can watch it online via this link https://conx.state.gov/entrepreneurship
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
stay tunes with us for more info and live updates from the event.
Good Evening everyone.
Team diGIT here, Live from the event GIST TechConnect : Crowdfunding your Startup Venture happening right now at FulBright Auditorium.