Editor’s note: This is a guest post by Aaron Pitman, an angel investor and founder and partner of RA Domain Capital.
If you’ve ever been to a big, rowdy concert, you’ve probably witnessed the phenomenon of crowdsurfing. This happens when a musician or fan takes a leap of faith from stage, knowing the crowd will carry them to safety. Using crowdfunding for your startup venture is much like crowdsurfing a rock concert — and also carries the same hazards that, at any moment, someone might drop you to the ground.
Still, Kickstarter success stories seem to be everywhere. The late, great teen detective television drama Veronica Mars broke all manner of Kickstarter records on its way to funding a theatrical edition. TV star and indie darling Zach Braff took to Kickstarter (not without his detractors) to fund his next independent movie. At this point, it seems like every other day celebrities and regular ol’ entrepreneurs are using the crowdfunding platform to raise needed capital.
So why shouldn’t you skip traditional investors and take your business plan straight to the people? Are traditional investors really that great when you can leverage your social networks for cash? This is the question the Kickstarter trend has inspired in a great number of entrepreneurs, who are hawking ideas from next-gen watches to artisanal sodas on the platform.
But, for startup founders looking to create a company built to last, is Kickstarter really the way to go? Here are some reasons traditional investors are still the the best bet for startup funding:
Crowdfunding is booming. More than 1 million campaigns across 308 platforms raised $2.7 billion last year, an increase of 81% on 2011. And that volume is set to almost double in 2013, to $5.1 billion, according to a new report.
In Howard Gardner's catalog of Multiple Intelligences, the Ninth Intelligence is the rarest of them all.
Gardner calls it Existential Intelligence. Other candidate names are Spiritual Intelligence, Theological Intelligence, Religious Intelligence, Priestly Intelligence, Prophetic Intelligence, Mystical Intelligence, Kabbalistic Intelligence, Transcendent Intelligence, Metaphysical Intelligence, Ethical Intelligence, Sustainability Intelligence, Cybernetic Intelligence, Pattern Thinking, and (my favorite) Systems Intelligence.
Other related terms include Intuition, Visionary Insight, Wisdom, and Enlightenment.
Of all these flavors of the Ninth Intelligence, I prefer Systems Intelligence because it expressly exhibits the System Models and the calculus of their solution for Ethical Best Practices under an express Value System.
Click headline to watch the video clip of Gregory Bateson's "An Ecology of Mind--
Researchers led by Dr. Victoria Gelling at North Dakota State University, Fargo, developed a patent-pending technology to produce nanospheres that could enable advances across multiple industries. The environmentally-friendly process oxidizes ozone in water to produce polymer-based nanospheres, ranging from 70 to 400 nanometers in diameter, that are uniform in size and shape, stay suspended in solution, and are easily removed using a centrifuge. The scanning electron microscopy image depicts the uniform spherical morphology of these nanospheres.
“The synthesis of the nanospheres is rather simple, with no other chemicals required other than water, ozone, and the small molecules which will become the polymers,” said Dr. Gelling. “We also have tight control of the size, as they are beautiful, perfect marbles.”
Given their uniform size and shape, the nanospheres could have uses across multiple industries. According to Dr. Gelling, such nanospheres could be used to:
• Produce high-performance electronic devices and energy-efficient digital displays • Create materials with high conductivity and smaller parts for consumer electronics • Deliver medicine directly to diseased cells in the body • Provide antibacterial coating on dressing for wounds • Develop nanosensors to aid in early disease detection • Create coatings that provide increased protection against corrosion and abrasion
Good day, Dr. Stefan . I have good news for Nanotechnology / New IP of Nano/ for Polymers : PE, PP with Changed Structures for Plastic Industry / pipes, WPC, Flexible Packaging /. New Quality with new Products .
I drafted up a few quick diagrams to explain the funding scene in Singapore. It’s not complete, but might be helpful to some. There are three main sources to look into when starting out. Of course I am presuming you are not planning to fund it entirely on your own.
Good day, Jean - Pascal COTE . I found Nanotechnology /New IP of Nano/ for Home appliance, for Polymers, for Real Estate & Design . These Real Green Nanotechnologies tested with good results and profit, and I know how they are working - Mind - Mapping of Nanotechnology / New IP of Nano/.
Intellectual Property (IP) is vitally important to start-ups. The Start-Up Genome Project, which aims to map, model and analyze what makes start-ups tick, identified IP as a top source of competitive advantage for start-ups.