WEEK 5: FUNDING 2.0 - ALTERNATIVE SOURCES

As many startups experience delays in governmental funding and lending during COVID-19, a growing number are looking to alternative sources of working capital to keep their businesses afloat -- whether it’s needed to purchase inventory or make payroll. Join us for a discussion around alternative lending options, crowdfunding tools and other creative sources of funding.

- RECORDED MONDAY, MAY 4, 2020 -
(56 MINUTES)

RESOURCES: FUNDING 2.0 - ALTERNATIVE SOURCES

RAINFACTORY Links to resources for startups doing research on crowdfunding: 


Rainfactory's Post on Crowdfunding and Online Sales during COVID-19

Rainfactory's Communications Guidelines on Delay Messaging

Indiegogo Announces Top Categories during the COVID-19 Pandemic

Indiegogo's Data on Trends in March 2020 during COVID-19

Kickstarter's Take on Backer Confidence Levels in Crowdfunding

Resource for in-campaign loans to fund advertising spend: Sprint Crowdfunder's Fund
 

Additionally, The funding details for crowdfunding are: each platform charges 5% plus 3% in credit card processing fees. In addition, we recommend setting pre-order prices such that you can have 15%-30% in margins for marketing budget. The payouts for the platforms happen within 15 days of concluding the campaign. 

- Featured -

MIKE O'DONNELL

EXECUTIVE DIRECTOR - COLORADO LENDING SOURCE

Mike holds a BComm from the University of Melbourne and an MBA from the Australian Graduate School of Management. 

In 2019, Colorado Lending Source facilitated 225 small business loans that created 1,405 new jobs and had a $330.3 million impact.

Mike received a Lifetime Achievement Award from the Council of Development Finance Agencies in 2019 for his outstanding contributions to the development finance industry. 

KAITLYN WITMAN

CO-FOUNDER - RAINFACTORY

Kaitlyn is passionate about helping products go from concept to success. Her agency has been a top ranked agency for crowdfunding, product launch and early stage start-up growth marketing since 2014. She truly enjoys learning from the behavioral sciences (economics, political science, psychology), and merging data and analysis to measure how likely a product is to succeed.

ANDREW KLEIN

FOUNDER - ZCCOUNTING.COM

Andrew has been working with startups and emerging growth companies for over 15 years as a founder and as an outside advisor for both the entrepreneurial team and their investors.  In this capacity he has managed the strategic operations, company exits, and funding of companies in a variety of industries.  Companies with Andrew's direct involvement have raised almost $100 million in debt and equity.  

WILLIE FORD

FOUNDER & CEO - GIVEGO

Willie is a former All-American collegiate ski racer for the University of New Hampshire and former managing director for POC.  Willie and his team are pioneering on-demand coaching through technology in sports. His company builds community by connecting the everyday athlete with professionals, really quickly- so they can constantly improve.

BARAK ZITRON

CO-FOUNDER & CEO - MODL

Barak co-founded MODL Outdoors in 2017 and aims to redefine what a water bottle could do by replacing hard walls with a dishwasher-safe, collapsible silicon design with multi-purpose head attachments, such as purifiers or a shower head for camping.

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