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Crowdfunding feedback?

Veteran

Eddie Starr Spokane, WA

Hi all. I could use some feedback.

This is my crowdfund pitch: https://drive.google.com/file/d/1hRMT_iMUAUxKFZ_Y71KDzQRqyZZchg_q/view?usp=sharing

This is the campaign: http://plumfund.com/fundraising/altcoin-p2p-exchange-crowdfund

Should I not over estimate, and ask for less?

Break down costs, specifically? If so, what costs to include: development, hosting, additional crypto implementation, marketing, general operations?

17 April 2021 3 replies Mentoring

Answers

Advisor

ACP AdvisorNet Staff New York, NY

Hi Eddie,

Thank you for your question. Crowdfunding is a great way to raise capital and garner interest to bring your project to life! I went ahead and conducted a brief search to locate relevant answers from past questions asked on AdvisorNet. I found two articles that may be of interest to help you address general questions related to your online campaign:

https://acp-advisornet.org/questions/2808
https://acp-advisornet.org/questions/4939

I hope the above information is helpful!

Best,
Giana

18 April 2021 Helpful answer

Advisor

Amit Chaudhary San Jose, CA

Please put a primer on these terms.
Then on SAM and TAM https://www.thebusinessplanshop.com/blog/en/entry/tam_sam_som
Then on progress so far and what you are raising and what it will be used for.

Then pitch to a few angels on linkedin and improve

Advisor

John Panaccione Wilmington, NC

Eddie - there are two kinds of crowdfunding: Pledge crowdfunding, where you provide a "gift" of some sort of value in exchange for the contribution of cash to you campaign (it appears that this is the approach you're taking), and "Investment" crowdfunding, in which you offer a legal security to the public as a vehicle to raise money. A legal security is something that someone invests in, with the possibility of a financial return on that investment. Both approaches can work, but both have pros/cons to consider.

My business (Folla Capital) is focused on the latter, with a priority on helping veteran, women, and minority-led businesses to raise capital. We're registered as a broker-dealer with the SEC. I'd be glad to take a deeper look at what you're trying to accomplish and offer whatever advice I can to improve your chances of success.

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