Fundraising Your Round from Your Community
If I can't convince the VCs, then crowdfunding is "obviously" the answer, right? Maybe... Let's unpack this a bit and help you understand if crowd equity, more recently popularized as "Community Rounds," is right for you.
1000's of companies attempt to raise capital on popular crowd equity platforms like Wefunder, Republic, and Start Engine. Let's look at some stats:
- 23% Don't Get Funded
- 36% raise < $100K
- 28% raise $100K-$500K
- 6% raise $500K-$1M
- 7% raise $1M+
Raising money from the crowd isn't easy. It's expensive and time-consuming more so than raising from VCs or angels in most cases.
So why do it? Certain startups have strong & engaged communities that believe in the product and want a piece of the company. These startups are best positioned to succeed in raising from the crowd.
But to dive deeper into this topic, Thunder is hosted Jeff Dion from Capital Campaign Quarterback to discuss Community Rounds. Jeff is a former Wefunder employee who is an expert that's helped dozens of companies launch community rounds successfully. Watch the video to learn if crowdfunding is the right step for you.
The good news is that there are ways to fundraise from your user base. This will not only help you secure the funds you need but also strengthen your relationship with your users. If you've built a business around a growing community, this event is for you. You can expect to learn the following:
- How Community Rounds fit into your overall capital stack
- What the recent regulation changes & trending industry perceptions mean for you
- Whether a Community Round is a good fit for your business
- Wholistic look at the cost associated with successfully pulling off the fundraise
- How to confidently decipher the differences in platforms & find the best fit for your company
About the Speaker: Jeff Dion
Jeff Dion is a former member of Wefunder and founder of Capital Campaign Quarterback (CCQB), a specialized firm that helps founders closer deals faster and more efficiently by leveraging their network and fundraising expertise. Jeff has expertise in community rounds and saves founders 100+ hours of their life in the process. He is also a father of two, trail runner, rower, and natural wine lover.
