The Spotlight on Crowdfunding event being run by Nesta in Edinburgh on Friday 2nd May will be a great opportunity to speak directly to experts in the field. Will you be there and what might you ask?
Nesta are running a Spotlight on Crowdfunding event in Edinburgh with speakers including Neil Simpson, the Financial Director of Brewdog, Nicola Horlick the well known city figure and crowdfunding advocate following the success of Glentham Capital on Seedrs, Liam Collins who has lead Nesta’s fantastic crowdfunding research, and Rachael Brown of Impact Arts.
I am honoured to have been asked to chair the event which will be driven by questioning from the audience and it should be a fascinating opportunity to explore the rapidly developing and maturing world of crowdfunding and how it might work for you.
You can still be in the audience for this free event as places are available. Simply visit Eventbrite to register
A quick review of some of the things that might come up from a Scottish perspective might include the enduring and ongoing success of Brewdogs recently closed third DIY run equity for punks funding round bring to a total a £7.5 million investment programme. Watch my interview with James Watt co founder of Brewdog here. Alternatively what of PlanBee the Scottish based hive management scheme who are currently running an Equity round on Crowdcube. Maybe Lupo, another Scottish success this time on Kickstarter, might inspire a thought about how crowdfunding can bring products to market.
Or perhaps the impact of the recent FCA rules on equity and P2P platforms might come up or the emergence of Scottish based platforms like ShareIn, SquareKnot or BloomVC might be a topic. Maybe the importance of investor relations after a crowdfunding round might even come up.
Its up to you and open to you so come along and help me to ask the experts.
The closing months of 2013 seemed to demonstrate something of an up tick in the levels of interest in crowdfunding in Scotland.
East Fife football club launched a campaign for £100,000 to develop a new stand and other facilities at the club.
A second equity platform, ShareIn, launched in Scotland. Brewdog have pursued a further funding round in their own inimitable style closing in on a £4.25 million investment through their Equity for Punks scheme.
The MacAulay & Co show show on BBC Radio Scotland invited me on to speak about the phenomenon of crowdfunding – and you can hear that here if you missed it.
The first successful Scottish equity crowdfunding round on Crowdcube completed as NewGalexy hit and exceeded their target – having sought some £100,000 for 10% of equity and reaching £200,000 for 20%
The Scottish Parliament took a real interest in crowdfunding as part of an investigation by the Economy, Tourism and Energy Committee began and investigation of the alternative funding sector. We were privileged to be asked to give evidence to the committee and if you missed that session you can see it here.
It is particularly pleasing to see the political classes recognising the potential of the democratising of capital to bring about positive change, entrepreneurial dynamism, and direct engagement of the people with shaping their financial future
And all that is a year when the first Scottish hybrid equity platform Squareknot launched and we released the ground breaking Crowdfunding the Scottish Perspective report – commissioned by the Glasgow Chamber of Commerce. Whilst the report demonstrated that Scotland was under using the resource and opportunity of crowdfunding perhaps this flurry of events late in the year might indicate some positive developments to address that.
What does it promise for 2014? Well we hope only good things. But one thing for certain is that whatever does happen you will find the best commentary, coverage and insight on crowdfunding and the crowd empowered economy and society here at twintangibles.