Introduce yourself – what is your background, what are you passionate about and what are your hopes and dreams?
My name is Peter and I am from Malmö Limhamn in Sweden and I am part of the founding team of the Swedish jeans brand, Nerdy by Nerds Jeans. I have always been interested in quality clothes so when I was younger I used to study the history of every garment I was buying. My dream has always been to create something that other people would want to use or be a part of. I simply want to be a inspirational person and a role model and with NBN we are able to bring back solid craftsmanship to the world of fashion – in Sweden and beyond.
How did the idea for your project come about? Describe what your project does.
We loved clothes and we wanted to work in the fashion industry in some way. The easiest way was – and is – to open up a webshop, but we didn’t want it to be easy. We wanted to create something that we could call ours so we could be hundred percent proud of those product we would be selling. We loved the history of clothes and jeans, of course. There was this moment where my business partners and I realised that we wanted to create our own jeans produced in the old-fashioned way. When we started to produce our jeans we came up with the idea that all our customers should be a part of the production. So this lead us to the idea of how our store would look like – in our stores we want our customers to be able to see, hear, smell, and participate in the production process. Each pair of Nerdy by Nerds jeans is unique and traceable, so that you will always be able to tell when and where they were made.
Why did you decide on crowdfunding? What about FundedByMe appealed to you?
Before we have heard about FundedByMe had we discussed the idea of doing a crowdfunding round on Kickstarter, the largest reward-based platform in the US. But we met the team from FundedByMe at a regional event here in Sweden and, with our goal of attracting the Swedish market, the fastest-growing crowdfunding site in Europe seemed perfect. On top of everything, the passion and energy of the FundedByMe team was great, which made the decision a lot easier.
What was the best part about running a campaign on FundedByMe? And what was a challenge?
Doing a crowdfunding round is very special. it’s like starting a new company where everything you do has to be focused on the crowdfunding campaign. Before we went live, we thought that crowdfunding would fix itself. That was not the case, every hour of the day one of us spent on our crowdfunding campaign on FundedByMe. It took a lot of time – even more than you could ever imagine!
Even if crowdfunding is an online investment platform you still have to be out there in the real world to meet people. We almost lived in Stockholm for two months to meet potential investors. One of the difficult parts of crowdfunding is getting to the actual money. People find it easy to subscribe that they want to invest, but when it comes to paying and transferring the money, it is harder.
The best thing about crowdfunding is all the partners we got to know along the way. Many of our investors want to help us with PR, photo, film, music and much more, which is incredibly fun. Another great thing is the marketing and brand exposure you get with a really awesome campaign. We have been featured in pretty much every morning paper in all of Sweden. Importantly, you shouldn’t forget that all of our investors are also our biggest ambassadors. They are talking, wearing and spreading the news about Nerdy by Nerds Jeans out there. That is priceless.
Would you recommend other entrepreneurs to consider crowdfunding – and FundedByMe – for their financing needs? Why? Any tips or advice to those considering it?
I would absolutely recommend crowdfunding and FundedByMe to other entrepreneurs. The combination of investments and marketing makes for an amazing part of the the next phase in business. The best tip is to spend many hours on planning your marketing strategy before you roll out your campaign. And then, once you are actually on the platform, to take the time to be very active – be in touch with your investors, answer questions, be out there promoting your brand. It takes a lot of time and energy to get the best result, but it is absolutely worth it in the end.
Now that your crowdfunding campaign has closed, what’s next?
We recently opened our first shopfactory in Malmö, our hometown. The next step is to take NBN to Stockholm and opening up a shopfactory there as well. Our brand is going places – watch this space!