Repeat After Us:
"I believe the manufacturing capability is reliable"
"I know they collaborate with entrepreneurs I am familiar with"
"I believe they have taken the time to understand and answer nagging questions"
These are just a few of the answers you should consider as a backer, as well as a startup looking to achieve crowdfunding goals. Building trust is the key to success!
Crowdfunding platforms are powerful vehicles for startups to raise capital.
It is one of many funding options that are appealing to entrepreneurs. One of the reasons we recommend backing Knocki is that their video and Kickstarter website answers many of our questions as experienced backers.
Unfortunately, backing crowdfunding products sometimes means being burned. Wouldn't you want to know more than "is their idea a good one?" Looking for specific factors that communicate their ability to create and ship the product is important. We particularly like how they chose to demonstrate their product, and find it believable that Knocki is easy to use, and not another painful thing to learn or be disappointed by.
Their web-produced video gives the confidence to trust in them. Through the video quality and shared content, we know creating it took time, effort, and resources. They answer many of the questions that surface when wanting to support a crowdfunded product.
Elements to keep in mind while creating or backing a crowdfunding campaign:
Every month we invite you to better understand and to embrace Startup Grind’s Values:
Give First (before you ask)
Make Friends (not just contacts)
Help Others (before you help yourself)
And to broadcast Startup Grind’s Mission:
To Educate, Inspire, and Connect Entrepreneurs
Our global community of 300+ chapters in 110 countries worldwide is here for you. Let us know... How may we best assist you? (I.e. - Can we help facilitate warm introductions to businesses, mentors, and/or investors to grow your startup here or elsewhere?)
Ways You Can Participate this Month:
Knock knock! Who's there?! - Every month we invite local “Entrepreneur Partners” (Funded Startup, Growth & Enterprise Business Leaders) within our local ecosystem to kick off the event. Does your team have something worth crowdfunding or not? Use this opportunity to get that answer specific to your idea or product as an entrepreneur partner. Our community also enjoys hearing about your accomplishments, values or needs. Entrepreneur Partners are able to exhibit products and/or services after our signature Fireside Chat. This opportunity is available for a limited number of businesses, Apply Today!
Listen & Learn - Are you a member of our local entrepreneurial ecosystem? Are you looking at how your startup can benefit from crowdfunding? We encourage you to come meet, learn from and have the chance to ask questions of one of Houston's most successful founders, Ohad Nezer (LinkedIn Bio).
Spread the Word - Startup Grind Houston's monthly events are an effective and valuable opportunity to share your brand and message with our local entrepreneurial community. Startup Grind’s events regularly attract many influential Founders, Professionals, and Investors. We have several options available, starting at only $250. (Connect Here)
Identify opportunities in dynamic conversations and encounters.
Absorb new information from our guest’s and your peer’s expertise.
Implement & Test ideas so you are utilizing good startup practices of validation.