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Crowdfunding For Your Cause
Devin D. Thorpe
December 12, 2013
Orem, Utah
Thank You UNA
This training is made
possible by:
• The Utah Nonprofits
Association
• American Express
• Utah Division of Arts
and Museums
• Clear Horizons Academy

Chris
Bray

Paula
Abdul
Teton Dam
What is crowdfunding?
• Raising money from the crowd through thirdparty online platforms
– Donations
– Rewards or “Pretailing”
– Investments
SMAC! Monkeys
LiveMoreAwesome
Vivienne – Make a Stand
Crowdfunding Timeline
(Weeks)
1 2 3 4 5 6 7 8 9 10 11 12
Campaign Live
On Site 1 Day to
60 Days
Reconnaissance
Preparation

Ground Assault
Air Attack
Reconnaissance
•
•
•
•
•

Assess your crowdfunding potential
Survey your team
Count your friends
Review platforms and choose one
Identify Media
Assessment
• Your cause
• Your team
• Your network
Assessing Your Cause
Score your cause on a 5-point scale for:
• Face
• Urgency
• Politics
• Geography
• Community
• Project or event
Face
•
•
•
•
•

The “Face” of your campaign: is it appealing?
Person or critter
Logos can’t be the face of your campaign
Words can’t be the face
Objects can’t be the face
Urgency
• The urgency: is there a native reason people
must act now?
• Boston Bombing v. American Cancer Society
Politics
• Is your cause potentially divisive?
• Cancer v. Marriage Equality
Geography
• Is your cause local?
• All else equal, local is better for crowdfunding
Community
• Is your cause tied to a larger
community, religion or club?
– Football fans
– Online gamers
– Methodists
– Rotarians
Project or Event
• Is there a specific project or event to be
funded?
– Construction project
– Service trip
– Love UT Give UT
Assessing Your Team
• How many partners?
• How many champions?
• How many boosters?

• Partners are worth an
average of $2,000 each.
• Champions are worth
about $1,000 each.
• Boosters are worth
about $500 each.
Assessing Your Network
•
•
•
•
•

Friends you can call
Friends you can email
Friends you have on Facebook
Friends you have on Twitter
Friends on LinkedIn, Google+ and other social
networks
Estimating Your Potential
• Most common donation: $20
• Average donation is $75 (skewed by a few
large donations)
• Don’t expect more than 10% of your friends to
support you. The more “friends” you have, the
lower the percentage likely to support your
campaign.
• 1000 friends * $75 * 10% = $7,500
Going Viral
• If your cause scores below 10 points, be creative to find
ways to improve your score before crowdfunding.
• If you scored 11 to 20 points, expect little or no
out-of-network support.
• If you scored 21-25 points, expect up to 25% of your
money to come from outside your network. (If your
network is good for $7,500 you could raise $10,000.)
• If you scored 26 to 30 points, expect up to 75% of your
money to come from outside your network. (If your
network is good for $7,500 you could raise $30,000.)
Platforms
•
•
•
•
•
•

Razoo: LoveUTGiveUT
Fundly: Biggest for nonprofits
StartSomeGood: Cause oriented
Indiegogo: Includes causes
Kickstarter: Excludes causes
Hundreds of others
Comparison
Razoo

Fundly

StartSomeG
ood

IndieGogo

Kickstarter

Rules

Keep What
You Raise

Keep What
You Raise

Tipping
Point

Choose

All-or-None

Fees

4.9%

4.9% + 3%

5% + CC

4% + 4% or
8% +4%

5% plus CC

Community

Nonprofits
and
Personal
Campaigns

Generally
nonprofits

Social
Absolutely
causes,
anything
typically not (legal)
501(c)(3)

Only
creative
projects
Identify Media
• Bloggers you know
• Traditional media:
relationships are key
• People who cover your
“space”
Preparation
•
•
•
•
•
•
•

Build and organize teams
Train your team
Organize lists
Design your rewards/recognition
Draft email messages, tweets and posts
Write a press release
Produce a video
Organize Your Team
•
•
•
•

Identify your partners
Identify and sign up your champions
Recruit Boosters
Create contests and incentives for Champions
and Boosters
Four Tiers of Rewards
•
•
•
•

Nonprofits that offer no tangible reward
Modest rewards for nonprofits
Perks for social ventures
Rewards for social ventures with consumer
products/services
Acknowledgements
•
•
•
•

Some platforms don’t allow rewards
Tax receipt
What you can do with the money
Recognition:
– Twitter posts
– “Mike Smith Day” (Traveling Stories: http://bit.ly/YTG94l)
– Naming rights to a project (Traveling Stories:
http://bit.ly/YTG94l)
– Name on website, annual report
– Inclusion in press announcements (we’ll quote you) (Free
the Information: http://bit.ly/YTECv3)
A Powerful Press Release
• Find an online template
• Remember who, what,
where, when, why and
how
• Provide one or two
good quotes
• Link to images
• Review, edit and polish
Targeting Media
Every partner and champion should:
• Identify bloggers you know personally
• Identify bloggers who write about relevant
topics—relevant to your cause
• Find individual reporters at newspapers, radio
and television who cover your space
• Don’t be shy, include national media
• Forbes and Huffington Post
Importance of the Video
• Most important element on the campaign
page; make an effort.
• Not the most important part of the campaign;
don’t break the bank.
Face
• Find an appealing or
compelling “face” for
your video and your
campaign
• Include yourself—or
your leader—in the
video.
Authenticity
Brevity
• 2 – 3 minutes
• 2:59 is better than 3:01
• Capture attention
quickly
• Cover the key points in
the first 30 seconds
Powerful Images
• Take full advantage of
the medium
• Not just talking heads
• Use stills to supplement
video

Photo credit: Sprengben [why not get a friend] / Foter.com / CC BY-NC-SA
Tell a Story
• Create context
• Create a hope, a
goal, an aspiration
• Explain the challenge in
the goal
• Explain the solution

Photo credit: aye_shamus / Foter.com / CC BY-NC-ND
Make an “Ask”
• Ask for a donation
• Ask for people to share
the video/campaign
with their friends
Don’t Forget Basics
•
•
•
•
•
•

Who
What
Where
When
Why
How
Quality
• For campaigns hoping to generate more than
$100,000, plan to spend some money on a
professional
• Less optimistic folks should find a friend who
can help or do it yourself
– Good lighting is most important for what you see
– A good microphone is most important for what
you hear
Let’s Make a Video
•
•
•
•
•
•
•

Interview style
What is the cause?
Why does this matter?
Who is the organization?
How does this money help?
Where does the money go?
When can people give?
Ground War
Before the campaign starts:
• Call out the big guns: meet face to face with
people who can give big money
• Sharp shooting: get on the phone with people
who will give good donations
• Machine Guns: Send personal, individual emails
to the people you know will support you simply
because you ask.
• “D-Day” invasion: Get commitments for 50% of
your goal before you launch!
D-Day Invasion
Each Partner, Champion and Booster Should
Participate!
• 3 to 5 Meetings yielding at least $500
• 10 to 25 Calls yielding an average of $100
• 30 to 100 Personal email messages averaging
$50
• $1,500 + $1,500 + $1,500 = $4,500 on D-Day
• Follow up after D-Day
Keep Track
•
•
•
•

Log all interactions
Track commitments
Follow up, follow up, follow up
Thank, thank, thank!
Launch Party
Host a big party or multiple, simultaneous
parties
• Connect using Google+ Hangout and
broadcast live
• Coordinate interaction during the party
• Announce rewards and contests
• Encourage social media
• Above all, be creative and have fun!
Air Attack
Before the campaign begins:
• Traditional Media
– Contact every blogger you know
– Send a press release to your local paper, TV and Radio

After the campaign begins:
• Social Media
– Daily posts on Facebook, Twitter, LinkedIn, Google+
– Post everywhere you have an audience
Social Media
Each partner and champion should engage her own
social media audience
• During the campaign make daily tweets and daily
Facebook posts on the campaign
• Use the crowdfund campaign to launch a
Facebook page if you don’t have one
• Use Google+ even if you don’t yet have an
audience there
• Be sure to tweet and post about the things you
normally do
Social Media (Cont.)
• Emphasize the cause over the campaign
– NOT: We reached $5,000 today! Woot!
– YES: You’ve donated $5,000 so far to end hunger
in Africa/Educate Girls in Afghanistan/Provide
Equal Opportunity for underprivileged kids in our
community, thank you!

• Update, remind and thank!
Traditional Media
• Remember, the media love good causes!
• Reach out to all of these bloggers asking them to
write about your cause (first) and your campaign
(second)
• Consider PR Web for $80
• Distribute by personal email
• Read, flatter, subscribe
• Put the entire release in the email (not an
attachment)
Workshop
•
•
•
•

Reconnaissance
Preparation
Ground Assault
Air Attack
Crowdfunding for Social Good
Return your feedback sheet
for free download
instructions!
Q&A
Mid-life Crisis
You Are the Cavalry

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140113 una-crowdfunding-orem

  • 1. Crowdfunding For Your Cause Devin D. Thorpe December 12, 2013 Orem, Utah
  • 2. Thank You UNA This training is made possible by: • The Utah Nonprofits Association • American Express • Utah Division of Arts and Museums • Clear Horizons Academy Chris Bray Paula Abdul
  • 4. What is crowdfunding? • Raising money from the crowd through thirdparty online platforms – Donations – Rewards or “Pretailing” – Investments
  • 8. Crowdfunding Timeline (Weeks) 1 2 3 4 5 6 7 8 9 10 11 12 Campaign Live On Site 1 Day to 60 Days Reconnaissance Preparation Ground Assault Air Attack
  • 9. Reconnaissance • • • • • Assess your crowdfunding potential Survey your team Count your friends Review platforms and choose one Identify Media
  • 10. Assessment • Your cause • Your team • Your network
  • 11. Assessing Your Cause Score your cause on a 5-point scale for: • Face • Urgency • Politics • Geography • Community • Project or event
  • 12. Face • • • • • The “Face” of your campaign: is it appealing? Person or critter Logos can’t be the face of your campaign Words can’t be the face Objects can’t be the face
  • 13. Urgency • The urgency: is there a native reason people must act now? • Boston Bombing v. American Cancer Society
  • 14. Politics • Is your cause potentially divisive? • Cancer v. Marriage Equality
  • 15. Geography • Is your cause local? • All else equal, local is better for crowdfunding
  • 16. Community • Is your cause tied to a larger community, religion or club? – Football fans – Online gamers – Methodists – Rotarians
  • 17. Project or Event • Is there a specific project or event to be funded? – Construction project – Service trip – Love UT Give UT
  • 18. Assessing Your Team • How many partners? • How many champions? • How many boosters? • Partners are worth an average of $2,000 each. • Champions are worth about $1,000 each. • Boosters are worth about $500 each.
  • 19. Assessing Your Network • • • • • Friends you can call Friends you can email Friends you have on Facebook Friends you have on Twitter Friends on LinkedIn, Google+ and other social networks
  • 20. Estimating Your Potential • Most common donation: $20 • Average donation is $75 (skewed by a few large donations) • Don’t expect more than 10% of your friends to support you. The more “friends” you have, the lower the percentage likely to support your campaign. • 1000 friends * $75 * 10% = $7,500
  • 21. Going Viral • If your cause scores below 10 points, be creative to find ways to improve your score before crowdfunding. • If you scored 11 to 20 points, expect little or no out-of-network support. • If you scored 21-25 points, expect up to 25% of your money to come from outside your network. (If your network is good for $7,500 you could raise $10,000.) • If you scored 26 to 30 points, expect up to 75% of your money to come from outside your network. (If your network is good for $7,500 you could raise $30,000.)
  • 22. Platforms • • • • • • Razoo: LoveUTGiveUT Fundly: Biggest for nonprofits StartSomeGood: Cause oriented Indiegogo: Includes causes Kickstarter: Excludes causes Hundreds of others
  • 23. Comparison Razoo Fundly StartSomeG ood IndieGogo Kickstarter Rules Keep What You Raise Keep What You Raise Tipping Point Choose All-or-None Fees 4.9% 4.9% + 3% 5% + CC 4% + 4% or 8% +4% 5% plus CC Community Nonprofits and Personal Campaigns Generally nonprofits Social Absolutely causes, anything typically not (legal) 501(c)(3) Only creative projects
  • 24. Identify Media • Bloggers you know • Traditional media: relationships are key • People who cover your “space”
  • 25. Preparation • • • • • • • Build and organize teams Train your team Organize lists Design your rewards/recognition Draft email messages, tweets and posts Write a press release Produce a video
  • 26. Organize Your Team • • • • Identify your partners Identify and sign up your champions Recruit Boosters Create contests and incentives for Champions and Boosters
  • 27. Four Tiers of Rewards • • • • Nonprofits that offer no tangible reward Modest rewards for nonprofits Perks for social ventures Rewards for social ventures with consumer products/services
  • 28. Acknowledgements • • • • Some platforms don’t allow rewards Tax receipt What you can do with the money Recognition: – Twitter posts – “Mike Smith Day” (Traveling Stories: http://bit.ly/YTG94l) – Naming rights to a project (Traveling Stories: http://bit.ly/YTG94l) – Name on website, annual report – Inclusion in press announcements (we’ll quote you) (Free the Information: http://bit.ly/YTECv3)
  • 29. A Powerful Press Release • Find an online template • Remember who, what, where, when, why and how • Provide one or two good quotes • Link to images • Review, edit and polish
  • 30. Targeting Media Every partner and champion should: • Identify bloggers you know personally • Identify bloggers who write about relevant topics—relevant to your cause • Find individual reporters at newspapers, radio and television who cover your space • Don’t be shy, include national media • Forbes and Huffington Post
  • 31. Importance of the Video • Most important element on the campaign page; make an effort. • Not the most important part of the campaign; don’t break the bank.
  • 32. Face • Find an appealing or compelling “face” for your video and your campaign • Include yourself—or your leader—in the video.
  • 34. Brevity • 2 – 3 minutes • 2:59 is better than 3:01 • Capture attention quickly • Cover the key points in the first 30 seconds
  • 35. Powerful Images • Take full advantage of the medium • Not just talking heads • Use stills to supplement video Photo credit: Sprengben [why not get a friend] / Foter.com / CC BY-NC-SA
  • 36. Tell a Story • Create context • Create a hope, a goal, an aspiration • Explain the challenge in the goal • Explain the solution Photo credit: aye_shamus / Foter.com / CC BY-NC-ND
  • 37. Make an “Ask” • Ask for a donation • Ask for people to share the video/campaign with their friends
  • 39. Quality • For campaigns hoping to generate more than $100,000, plan to spend some money on a professional • Less optimistic folks should find a friend who can help or do it yourself – Good lighting is most important for what you see – A good microphone is most important for what you hear
  • 40. Let’s Make a Video • • • • • • • Interview style What is the cause? Why does this matter? Who is the organization? How does this money help? Where does the money go? When can people give?
  • 41. Ground War Before the campaign starts: • Call out the big guns: meet face to face with people who can give big money • Sharp shooting: get on the phone with people who will give good donations • Machine Guns: Send personal, individual emails to the people you know will support you simply because you ask. • “D-Day” invasion: Get commitments for 50% of your goal before you launch!
  • 42. D-Day Invasion Each Partner, Champion and Booster Should Participate! • 3 to 5 Meetings yielding at least $500 • 10 to 25 Calls yielding an average of $100 • 30 to 100 Personal email messages averaging $50 • $1,500 + $1,500 + $1,500 = $4,500 on D-Day • Follow up after D-Day
  • 43. Keep Track • • • • Log all interactions Track commitments Follow up, follow up, follow up Thank, thank, thank!
  • 44. Launch Party Host a big party or multiple, simultaneous parties • Connect using Google+ Hangout and broadcast live • Coordinate interaction during the party • Announce rewards and contests • Encourage social media • Above all, be creative and have fun!
  • 45. Air Attack Before the campaign begins: • Traditional Media – Contact every blogger you know – Send a press release to your local paper, TV and Radio After the campaign begins: • Social Media – Daily posts on Facebook, Twitter, LinkedIn, Google+ – Post everywhere you have an audience
  • 46. Social Media Each partner and champion should engage her own social media audience • During the campaign make daily tweets and daily Facebook posts on the campaign • Use the crowdfund campaign to launch a Facebook page if you don’t have one • Use Google+ even if you don’t yet have an audience there • Be sure to tweet and post about the things you normally do
  • 47. Social Media (Cont.) • Emphasize the cause over the campaign – NOT: We reached $5,000 today! Woot! – YES: You’ve donated $5,000 so far to end hunger in Africa/Educate Girls in Afghanistan/Provide Equal Opportunity for underprivileged kids in our community, thank you! • Update, remind and thank!
  • 48. Traditional Media • Remember, the media love good causes! • Reach out to all of these bloggers asking them to write about your cause (first) and your campaign (second) • Consider PR Web for $80 • Distribute by personal email • Read, flatter, subscribe • Put the entire release in the email (not an attachment)
  • 50. Crowdfunding for Social Good Return your feedback sheet for free download instructions!
  • 51. Q&A
  • 53. You Are the Cavalry

Editor's Notes

  1. Many of you will recall when in 1976, the Teton dam near Rexburg Idaho failed, damaging or destroying about 80 percent of the structures in Rexburg. My father invited me to join him with a volunteer group to Rexburg where we helped dig mud out of a basement and otherwise work to salvage a home. The whole trip took about 24 hours, leaving about 2:00 AM, arriving at dawn, working all day, leaving at dark and returning after midnight. I’m not a big guy now. Picture me as an eleven-year-old standing next to a shovel—I wasn’t as tall as the handle and just lifting the empty shovel was a task for me. I’m sure I was of virtually no help that day, but the experience has come to define my life. I felt so good helping people that day that I promised I would never miss an opportunity to help.Of course, I have missed many opportunities to help. But, after being let go from my position as the CFO for a global food and beverage company I have focused on channeling the enthusiasm of my youth to do my part to make the world a better place.
  2. Turned 40 8 years ago.Looking for something to keep me young.Decided to buy a Harley, but before doing so I took a class to learn how to ride.Rented a Harley for a long day of ridingBought a Harley.Gail swore she’d never ride on the back.She went for a ride on the back the first day.We loved riding togetherThe tripThe GasThe crashThe rescue.