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Facilitator: Laura Turiano 7pm in the ballroom

Notes

nature of build-out costs

Ideas

Grants

Projects

Needs

ADA

What do we know?

Resources

Owner will pay for 1/2 of capital improvements up to $50,000

Fundraising Basics

Start with:

   ** One clear goal 
   ** Specific needs and $ requirements
   ** Deadline

Strategies:
- Inner circle - direct, personal asks - people you trust and have intimate relationships with
- Wider audience - people who catch wind of it, you don't have direct access to them for this goal
- Events and stunts - bumper stickers, fliers, bake sales, ways to reach strangers and get press

30%-60% of what you need for your goal you should already have direct access to.
- i.e. you should already have tested the waters
- Visibility of support - early support generates more faith in success

Notes on Kickstarters (in general):
- Products are usually more successful than causes
- In other examples of collectives using Kickstarters, private investors were largely the people "donating"
- Great marketing tool
- Kickstarter itself doesn't allow real estate projects - other crowdfunding platforms do
- What do we need to tell the audience, what do they want to know?
- Apparently Amazon Payments takes another 8% on top of Kickstarter's cut of your campaign revenue :(

Conversations with private donors:
- Elicit rather than solicit interest
- Meet them where they're at
- Demonstrate pride and knowledge
- Find out if they have any advice and their opinions on the projects

Examples of other makerspace crowdfunding campaigns:

BioCurious pledged: 35,319 goal: 30,000 backers: 239 https://www.kickstarter.com/projects/openscience/biocurious-a-hackerspace-for-biotech-the-community

Hub Oakland pledged: 142,719 goal: 100,000 backers: 1294 https://www.kickstarter.com/projects/konda/what-makes-you-come-alive-bring-it-to-the-hub-0

Hacker Dojo pledged: 53,655 goal: 30,000 backers: 762 https://www.kickstarter.com/projects/384590180/an-events-space-and-a-design-studio-for-hacker-doj

LA Makerspace pledged: 34,204 goal: 15,000 backers: 465 https://www.kickstarter.com/projects/tara/los-angeles-makerspace-a-family-friendly-innovatio

Baghdad Community Hackerspace pledged: 29,471 goal: 27,500 backers: 671 https://www.kickstarter.com/projects/bilal/baghdad-community-hackerspace-workshops

Konbit Communitere pledged: 14,507 goal: 12,000 backers: 97 https://www.indiegogo.com/projects/konbit-communitere

FFL Fab Lab pledged: 13,670 goal: 20,000 backers: 16 https://www.indiegogo.com/projects/ffl-fab-lab

Benicia pledged: 13,228 goal: 30,000 backers: 57 https://www.kickstarter.com/projects/1053606583/build-a-makerspace-in-benicia

Hackermoms pledged: 12,564 goal: 10,000 backers: 288 https://www.kickstarter.com/projects/1569887044/mothership-hackermoms-the-first-womens-hackerspace

Ladies Learning Code pledged: 10,772 goal: 10,000 backers: 188 https://www.indiegogo.com/projects/help-make-ladies-learning-code-s-new-space-into-a-cool-resource-for-toronto

Tampa Hackerspace pledged: 16,185 goal: 10,000 backers: 157 https://www.kickstarter.com/projects/123218300/build-tampas-first-hackerspace