German FundedByMe Project successful on local Crowdfunding Competition

At the beginning of November the first edition of the Berlin Crowdfunding Prize was looking for the best tech project. 20 teams have been nominated and 25,000 people voted for them. Now the initiators announced the winners. We are very happy to congratulate Clicc again for winning the second prize! The team convinced the crowd with their portable and adjustable solar modules and can look forward to a prize money…

Estimating crowdfunding reward delivery dates

This is part 4 of a 4 part series on rewards for crowdfunding campaigns. Rewards fulfilment is probably the most challenging part of crowdfunding, because from the moment you launch, everyday its’ a race against time to get perks out your door, and into your backers hands. There are just too many unforeseen variables for reward delivery. Here are just some examples: Manufacturer parts are incorrect or not working Shipping, or…

How to price rewards?

This is part 3 of a 4 part series on rewards for crowdfunding campaigns. Pricing rewards is more art than science. There’s no one formula to determine the best pricing for your rewards, because there are just too many variables to consider; perceived value, market competition etc. But here are some key things you should not miss out: Start By Totalling Up All Product Related Costs Pricing rewards is best…

Early bird catches the worm

3 best practices for planning your crowdfunding rewards

This is part 2 of a 4 part series on rewards for crowdfunding campaigns: crowdfunding rewards 3 Rewards Best Practices Tangible rewards > Intangible Rewards Tangible rewards triumph intangible rewards, anytime.Let’s say you are creating the next big social networking site. It’s the next Facebook for pet owners, and you’re crowdfunding it. And I told you that if you backed my project for €20, I would give you beta access to…

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Crowdfunding rewards – What’s in it for me?

This is part 1 of a 4 part series on rewards for crowdfunding campaigns: crowdfunding rewards Your reward perks make or break your campaign. If your reward perks are not well-planned, you will lose the interest of potential backers. You might have a convincing video and a well crafted pitch, but it’s the reward perks that sweeten and close the deal. We wish to make-believe that our community browses them daily…

What is a lead investor

The lead investor

What is a lead investor? When raising capital for your company finding a “lead investor” is a critical piece to the overall puzzle. A lead investor is someone that is willing to put in time and effort to help you secure that first investment. This person won’t put in the whole amount needed, but will give you that initial feedback and help prepare you for further conversations to convey trust…

FundedByMe Logo

Second Round of German Crowdfunding Campaigns Successfully Closed

In the early 2014, FundedByMe established a country office in Germany and started the first round of crowdfunding already in April. The two campaigns were both marked by a success. Together they generated the impressive total of 60.594 € in funds. U55, a horror-adventure gameplay, even closed 34% over the initial funding goal! After this success in the first round, the second round of German campaigns closed on 12th november 2014.…

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What do investors look for in a pitch deck?

More entrepreneurs are moving to a pitch deck format, tackling the biggest questions and trying to digest the idea behind their company as quickly as possible. All the reference photos are taken from AirBNB’s first pitch deck. Elevator Pitch A quick one-liner summary that combines your vision/product and the mission of your company Keep it short and memorable Try: making it relatable… as in “We are X for Y” (“We…

Yoogaia

Yoogaia pulls in €500,000 from venture capital.

Interested in raising funds for your own company and considering crowdfunding? One of the biggest questions from entrepreneurs, does a crowdfunding round impact future fundraising? How will other investors look at my company when I have 100’s of smaller individuals? Those questions have now received a decent answer. 3 months ago Yoogaia listed on FundedByMe and raised just under €100,000. The success of their campaign has definitely excelled them into…

sellanapp discontinues its service

Public Announcement – SellAnApp discontinues it service

Not everyday is a great day in the life of an entrepreneur. For Dutch app platform SellAnApp, we just found out that they have notified their shareholders that they will file for bankruptcy. SellAnApp was featured on FundedByMe in 2013 in a joint campaign by FundedByMe and the Dutch crowdfunding platform Symbid, who brought in the case. To both FundedByMe and Symbid, SellAnApp is the first case where a crowdfunded…