M. van der Burg – Week 43 – Designing a tool

M. van der Burg – Week 43 – Designing a tool

downloadUnfortunately 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.

Martijn

2527162

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Joep van Gelder, week 43, Evaluation of the course

Joep van Gelder, week 43, Evaluation of the course

Joep van Gelder
2521983
Introduction to Entrepreneurship

Today, it is time for a special blog. Rather than talking about the internship, I will talk about other things. This week there were two deadlines and in my case, there also will be an exam tomorrow (Friday, ed.). Seen as I’m not the only one with an exam as well, we decided, together with the guide of our challenge, that this would be a ‘week off’. It is therefore that I will talk about the two final assignments of this week. Furthermore, I will give a brief evaluation on how I experienced the course Introduction to Entrepreneurship.

For the final assignment of Introduction to Entrepreneurship we had to make an entrepreneurial analysis of a biography. In my case this was Gordon Ramsay. He is a British chef who owns 27 restaurants internationally, good for seven michelin stars. He had a difficult childhood and this was an incentive for him to work hard; and with success. He earns lots of money and is one of only four chefs in the United Kingdom to maintain three michelin stars with his restaurant Gordon Ramsay at Royal Hospital Road. I would really recommend the autobiography, called Humble Pie. It is a fascinating story and it is easy to read.

For Entrepreneurship Industry, the other course of this period, I described the role of entrepreneurship professionals when it comes to consultancy. I will not reveal the content, as we are still pending the deadline. For questions about it, you can contact me on 2521983@student.vu.nl.

When I look back at this course, I can say that I really enjoyed it. I especially like the practical work, on which one’s grade is based. In my opinion, this gives more motivation, seen as you do not just reproduce the stuff that you’ve learned; you also apply it. By this, you learn more from it and this makes it way more useful than when you just have an exam.

The course comes to an end. I hope to see you all during the next course and hopefully, I can tell you more about the activities at ACE@VU by then. Ciao!