Unfortunately we do not have an internship this Friday, however we do have a clear task where we can work on this week. Our task will be discussed in this blog post. Together with my group we will be researching how other crowd funding platforms are attracting and informing entrepreneurs who are willing to start a campaign with them. Informing entrepreneurs about the feasibility of their projects is really important. Some crowd funding platforms are informing entrepreneurs by showing them thick books, while others supply them with instruction videos. But another frequently used option is a feasibility check, this is done by a tool on the website.
Most platforms have some sort of tool to check whether or not a project is feasible. ABN AMRO has such a tool, in this tool (Financieringskompas) an entrepreneur is asked some questions related to its project. Based on his feedback, an advice is given about how the entrepreneur should get his financing. Sometimes it recommends crowd funding. However, this tool is not specially designed for crowd funding it also recommends other types of financing. Another tool that’s available is lifewire’s crowd funding scan. This tool is specifically designed for crowd funding campaigns, it ask questions related to financing and based on the results, it being determined whether or not crowd funding is feasible for this project. Furthermore, we also found another dutch crowd funding platform, crowd about now. They also have a feasibility tool on their website. The tool is pretty good and the questions are clear. However, the only drawback is that the results are not directly visible this is a drawback.
Our task is to design a tool that’s easy to use, should not take too much time to complete and gives a clear advice. We are examining other tools and combine all their good features. Our results might be used on a new SEEDS website.
Last but not least, I really enjoyed this courses and working on the assignments. I look forward to period 2.