Manolis Sfinarolakis: How To Do Crowdfunding To Launch

Apr 02, 2014

Wes Schaeffer

Kickstarter The Sales Podcast Entrepreneur

About Today's Guest

Manolis Sfinarolakis is the Founder & Creator of Reality Crowd TV, a Reality TV Show about the Crowdfunding Movement that will be Crowdfunded on Kickstarter.com. YourAverageJoeVC is Reality Crowd TV’s blog that will track the thoughts and ideas of Manolis Sfinarolakis on his journey to promote Crowdfunding throughout the world.

The mission of Reality Crowd TV is to inform, educate, inspire, and motivate entrepreneurs worldwide to start small businesses through Crowdfunding and to provide the blueprint on how to Crowdfund.

The mission has been sourced around the globe and affiliates are building upon the open-sourced mission of Reality Crowd TV. Manolis is currently engaging in a nationwide tour in order to spread the mission of Reality Crowd TV across the United States.

Greatest Sales Success

He told us the story of the Pebble Watch. They asked for $100,000 and raised $10,000,000!!

Rubber-Meets-The-Road Tip

He thinks skills-based crowd funding is the next phase of crowd funding.
Campaigns with videos are much more successful than those without videos.
Kickstarter sets the upper limit at 60 days. (All-or-nothing platform. Money sits in escrow and is returned.)
Indiegogo - two options - all-or-nothing or keep-what-you-raise. (Higher fees in the keep-what-you-raise)
Only you can tell if your idea is good and worthy of funding. If you can get others to believe in your idea then it’s worthy. You just need to motivate and inspire others.
Crowd Funding is the third layer of the internet - monetizing.
In 2013, crowdfunding did $5 billion in one year.
The World Bank estimates that in 20 years, crowdfunding will be a $90 billion per year industry.
- Some estimate the potential at $300 billion industry.

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