WSGR
Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology, life sciences, and other growth enterprises worldwide. We represent companies at every stage of development, from entrepreneurial start-ups to multibillion-dollar global corporations, as well as the venture firms, private equity firms, and investment banks that finance and advise them. The firm's broad range of services and practice areas are focused on addressing the principal challenges faced by the management, boards of directors, shareholders, and in-house counsel of our clients.

Ravix
Ravix Group provides seasoned consulting expertise to outsource the finance, accounting and human resources functions for early-stage and middle market companies.

100Vets

 

Through the 100Vets Fellowship, any U.S. veteran or service member who wants to start a technology company can apply to a U.S. Founder Institute chapter for free, and the best overall applicant from each chapter will be invited to participate in the Founder Institute's step-by-step startup launch program for free as well.


Veterans and active service members possess the work ethic, high character, and strong leadership skills needed to launch meaningful and enduring technology companies. To inspire and enable the military community to build technology companies, the Founder Institute has partnered with Vet-Tech, the nation's leading startup accelerator for military veterans, to offer the 100Vets Fellowship.

Through this Fellowship, any U.S. veteran or service member who wants to start a technology company can apply to a U.S. Founder Institute chapter for free, and the best overall applicant from will be invited to participate in the Founder Institute's step-by-step startup launch program for free as well.

Learn more about the program at http://FI.co/vets.


Eligibility: In order to be eligible for the 100Vets Fellowship for the upcoming semester, you must complete your application and admissions test by Sunday, June 19th, 2016, using this link.


Grant: The recipient of the 100Vets Fellowship will be awarded within 5 days after the deadline.


Click here to apply for the 100Vets Fellowship.


How to Handle a Failed Crowdfunding Campaign

Posted by Joe Garza on 2015-01-07

Every entrepreneur knows that crowdfunding can be an effective financing campaign for a startup company. However, many crowdfunding campaigns are not lucrative, and many entrepreneurs don't know what to do when a crowdfunding campaign falls short of funding goals. As Rob Wu states, "It’s a tough pill to swallow when you’ve put yourself out there and things just don’t work out as you intend it to."

is the Co-Founder and CEO of CauseVox, which helps nonprofit organizations realize their fundraising goals through crowdfunding. Rob and CauseVox are Graduates of the New York City Founder Institute.

The blog post, "When you fail on your crowdfunding campaign," originally appeared on CauseVox's blog and has been republished with permission below;

Ugh. Let’s talk about failure.

It’s a sad topic, but here’s the reality — not every crowdfunding campaign has a happy ending. Many crowdfunding campaigns fall short of their funding goals.

You’ve worked hard in setting up your site, rallying your friends and family, and pitching the press. It’s a tough pill to swallow when you’ve put yourself out there and things just don’t work out as you intend it to.

What do you do next? Here are three steps to take after you have failed.

Accept the failure

After missing your crowdfunding goal, you have to go through the five stages of grief. This otherwise known as the Kübler-Ross model.

  1. Denial
  2. Anger
  3. Bargaining
  4. Depression
  5. Acceptance

You may not experience these five stages linearly, but the goal is to come to accept the failure of your crowdfunding campaign. If you can explain failures as temporary, specific, and external, then you will persist even in the face of adversity.

It’s at this point where you can move into a growth mindset.

Identify what you did well

Now that you have accepted the failure, it’s time to embrace it fully. Gather your crowdfunding team together to perform a review. Some people call this a post mortem or after-action review.

Always start on the positive. Focus on what you and your team did well. Ask yourself:

  1. What strategies worked?
  2. What tactics paid off?
  3. Why did our donors contribute?
  4. What are you proud of?

The goal here is to move beyond the overall failure and to see what areas that you did well in so that those actions can be reinforced and encouraged for next time.

Determine what you did poorly

Next, figure out what didn’t go well. These are the potential areas that “broke” the campaign. Ask yourself:

  1. What did we spend too much time on?
  2. What did we focus too much on?
  3. What caused delays?
  4. What channels didn’t work?
  5. Did we have the right idea?

The goal here is to pinpoint the points of weakness so that you can grow and learn to run a crowdfunding campaign successfully next time.

Chart out a plan for next time

Take your learnings from what you did well as what you did poorly. Come up with a plan on what you would do differently next time, how you would focus your time, and how you could make your next crowdfunding campaign a success.

Failing does not equal being a failure. Failing gives you an opportunity to learn, grow, and achieve in the future. So pick yourself up because there’s no reason why you can’t reach your goals.

For more fundraising tips, case studies, and product updates, check out CauseVox's blog.

(Writing a message that failed by businessman image by Shutterstock)

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How to Handle a Failed Crowdfunding Campaign

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