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| From: | emile emiabata |
| Sent on: | Tuesday, May 5, 2009 8:02 PM |
Will bootstrapping, crowdsourcing and crowdfunding be the future for techmedia start-ups?
It seems to me that technology and media start-ups have always found it difficult to find adequate start-up funding even in the good times. Now it is even more difficult. However, as founder and CEO of www.dreamstake.ning.com it occurs to me that the environment is becoming more conducive to a new more self contained business model with less reliance on external sources of funding.
Firstly, the bootstrapping of technology solutions has become a real possibility. The entry point for many technologies is extremely low, sometimes free of cost. Providers such as Ning, Google and Huddle offer a 'freemium' model that makes it extremely easy to launch 'beta' services at minimal cost. Open source also facilitates this process.Next, there are many excellent individuals available to offer their services at good rates or even to barter services. The internet allows us to access this talent pool and consider the 'crowdsourcing' of projects as a real option. We are currently building this model on DreamStake and will announce our approach very shortly.
Finally, crowdfunding becomes a distinct possibility. In this model a community such as DreamStake elects to fund certain projects through the membership voting for the best.
I truly believe that we can change the model for launching ventures. We need to build up critical mass and put in place the structures to support this approach. It is all happening as we speak.and I appreciate everyones support and patience in making it a success.If you are not already a member please join on www.dreamstake.ning.com. We are having an event tomorrow evening which will be a quick way to find out more about our plans.
Best regards,
Paul Dowling
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