Raising Money from Crowdfunding: ENET Meeting, April 18, 2017

Two weeks from tonight, on Tuesday, April 18, 2017 at 6pm, I will moderate a panel with three speakers, on this subject, for the Boston Entrepreneurs’ Network (ENET), at Pivotal Labs Cambridge, 255 Main Street, 6th Floor, near Kendall Station on the Red Line, to the right of Chipotle.  (Please note that this is a new address for Pivotal Labs.) The nearest parking is Green Garage at 98 Broadway.

Crowdfunding has proven itself to be an amazing way to raise capital for a variety of projects.

Today, most of the crowdfunding processes have been reward or donation based. Thanks to the regulation changes in the jobs act of April 2012, it is now possible to do crowdfunding based on securities or equity.

As we celebrate the successes in crowdfunding and all the new products launched through this new funding mechanism, we need to be aware of the fact that only 35% of all crowdfunding project succeed. The rest fail, and depending on the portal, you may or may not get your money back. With equity based funding, it’s going to become even more difficult for the crowdfunding participant to understand the risk to their investment.

We’ve invited our speakers tonight to talk about their experience with crowdfunding, and share instances of what they did right, what they desperately wish they could do over, and how the new equity based crowdfunding process will change how you develop products and your responsibility to investors.

Come and get your questions answered. Hear from the practitioners who have implemented crowd funding methods. Network with like-minded entrepreneurs.

Agenda:
6:00 – 7:00 PM Registration & networking
7:00 – 7:10 PM ENET Chairman’s announcements
7:10 -7:25 PM E Minute – Up to 3 Startup companies’ presentations
7:25 -8:15 PM – 3 expert speakers on the night’s topic
8:15 -8:30 PM – Audience / Speakers Q & A
8:30 -9:00 PM – Final networking including meeting speakers

Venue: Pivotal Labs, 145 Broadway, 3rd Floor, Cambridge, MA

Parking:  After 6:00 pm, the parking fee for Blue Garage next door is $10

Speakers

Samantha SimmonsSamantha Simmons, Founder and CEO of Curative Orthopaedics

Samantha Simmons received her MBA from MIT Sloan School of Management where she founded Curative Orthopaedics (www.curepedic.com), a healthcare company that develops comfortable and effective orthopaedic garments for performance, recovery and rehabilitation, in 2014. Before starting her own company, she worked in the product development division of Comcast Cable and consulted for GlaxoSmithKline. She holds a Masters in Product Development and a BFA from Carnegie Mellon University.

Samantha raised money using Kickstarter and then used the Kickstarter credibility to raise more funds for her company.

John SundmanJohn Sundman, Novelist and Essayist

John Sundman’s career has included long stints as a technical writer, and as a manager of information architecture, software engineering and QA for various concerns in Silicon Valley, New York, and the greater Boston area. He resides on Martha’s Vineyard where he is a volunteer firefighter and construction worker. His next novel will be appearing very soon. John used Kickstarter successfully to fund the writing of the novel Creation Science.

Organizer

Eric JohanssonEric Johansson,  Principal Consultant at in3x Inc.

Eric Johansson is an info systems and user experience designer specializing in industrial domains. His career has spanned many industries ranging from industrial controllers, produce wholesalers, and telecommunications.

 

For more information or to register for the April 18 ENET meeting in Cambridge, go to LINK:  http://boston-enet.org/event-2314317 or www.boston-enet.org


Tweet This Event

If you use Twitter and would like to tweet this event, here are four (4) of my tweets and re-tweets  that you are welcome to re-tweet or use for your own tweets about this event –

Samantha Simmons of @CurativeOrtho @jsundmanus speak on #startups  #crowdfunding @BostonENET 4/18 @pivotallabs Cambg http://bit.ly/2nChYMr

Samantha Simmons @CurativeOrtho #KickstartTheFight @jsundmanus speak –  #crowdfunding @BostonENET 4/18 @pivotallabs http://bit.ly/2nChYMr

Join @BostonENET #Boston #Entrepreneurs‘ Network: Raising #funding from Crowdfunding @pivotallabs 4/18 6pm http://bit.ly/2nChYMr  #startups

@Spacekatgal @jsundmanus speak on #startups #funding by #crowdfunding @BostonENET 4/18 6pm @pivotallabs Cambridge http://bit.ly/2nChYMr


Hopefully, this meeting on raising funds from crowd funding for your startup company will be helpful to the early stage entrepreneurs and companies I represent.  Hope to see you at Pivotal Labs in Cambridge in two weeks, 6pm on April 18!

For additional ENET information on Crowdfunding for Startups…

I helped with the organization of this meeting.   I also organized and moderated another ENET panel on Crowdfunding for Startup companies that was held in Waltham May 6, 2014.

If you would like more information on that May 2014 Raising Money from Crowdfunding panel, I moderated go to  http://boston-enet.org/event-879041    At that link you can view slides from all three of our angel and seed investor, with two excellent speakers –  Michael Norman, President of WeFunder,  http://www.wefunder.com/  and Christopher Mirabile, Co-Managing Director of Launchpad Venture Group, http://www.launchpadventures.com

The slides of our May 2014 panel from both speakers offer advice to startup companies seeking capital from crowd funding including Chris’s slides that give some of the drawbacks of crowd funding from the view point of angel investors.

Hopefully, these presentations on crowdfunding will be helpful to entrepreneurs in small and early stage companies I represent.

My Continuing role as ENET Chairman and frequent speaker & moderator…

I remain active in ENET, a Waltham and Cambridge based non-profit group, affiliated with IEEE, that aids tech and life science founders, entrepreneurs, small and early stage companies, and people who invest or work in those companies.  www.boston-enet.org

A member of the ENET Board since 2002, I have served as Chairman of this non-profit group since 2009.  In May 2015, I was elected to my fourth 2-year term as ENET Chair.  During the period of my leadership, ENET’s annual program has grown from 10 meetings per year to 19 for 2015-16 year just completed:  10 meetings in Waltham, and 9 in Kendall Square Cambridge, plus our annual cruise of Boston Harbor to end the program year.  Each meeting has three or more speakers on a subject of interest to entrepreneurs and company founders, in life science, tech and other areas of New England’s innovation economy.  Each meeting also has ample networking time before and after the presentations to allow entrepreneurs to meet each other and later meet with the speakers

Rob Adelson receives IEEE awardOn January 30, 2016, at a ceremony at the national meeting of IEEE-USA in Las Vegas, NV, the President of that organization Peter Eckstein (pictured below) presented me with the IEEE-USA professional achievement award for “extreme dedication and contributions to the IEEE entrepreneurial community”.  For more information on that award, see LINK:  http://www.boston-enet.org/IEEE-USA-Professional-Achievement-Award

In the prior program year, Sept 2015 to July 2016, I organized and moderated five of 19 ENET’s meetings, that included moderating and speaking at these meetings –

On May 17, 2016, I was organizer, moderator and a speaker on ” Impact Entrepreneurship and Your Triple Bottom Line”, with Cheryl Kiser, Mark Donohue and Rebecca Hamilton, an all-star panel on this subject, where I concluded the proceedings speaking about certified B corps and Chapter 156E the newly enacted benefit corporation law in Massachusetts.  to see my slides and others, go to http://www.boston-enet.org/event-2017624

On April 5, 2016, I was meeting organizer and moderator for the ENET meeting on “Strategic Alliances for M&A and Successful Exits”.  We had three great speakers including Charles Lax on Grand Banks Capital and Richard Kimball of Bigelow & Associates.  To see my write up on the meeting and slides from each of our four speakers, go to http://www.boston-enet.org/event-2017600

On January 5, 2016, I was meeting organizer and moderator for the ENET meeting on Product Development in Life Science & Tech Startups.”   We had four wonderful and quite complimentary speakers, a full house in Waltham, with 112 in attendance, and great audience questions.  We began with the big picture of product development across life science fields and then focused on a single company’s successful development, launching and sales of a customer-driven medical device / consumer product.  Then moving to tech, our third speaker focused on key design issues and our 4th speaker closed on scaling and production issues.  To see my write up on the meeting and slides from each of our four speakers, go to http://www.boston-enet.org/event-2017595

On October 6, 2015, I was meeting organizer and moderator for the ENET meeting on “Innovative Ways to Bootstrap Your Startup Company.”   We had three great speakers, a full house in Waltham and great audience questions.  To see my write up on the meeting and slides from each of our three ENET speakers, go to http://boston-enet.org/event-2017582

One of the highlights of the October 6 ENET meeting was the presentation of  Joanne Lang, CEO at Artz LLC and Founder Colliders Pre-Accelerator, see http://joannelang.net/ and http://colliders.org/ Joanne is based in Philadelphia and flew in special, at her own cost, to give her presentation for ENET.  Joanne’s slides, “”Bring Your Product to Market Bootstrapped Style… and Keep it there” –  were also excellent, a great and continuing resource for founders and entrepreneurs to use and reference, LINK  http://boston-enet.org/resources/Documents/Presentation_Lang.pdf

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