Just a quick note more than a blog post. I’d like to see anyone that wants to draw down Government funds (EI, Enterprise Boards etc.) have to prove themselves by doing a Kickstarter type drive. We hear about embracing failure (once you learn something) and have the war scars from previous startups can be a good thing and something VCs might want to see.
Pushing the Kickstarter idea can be good for a few reasons: It shows that they can pitch their product, shows they have a network and can use it and also shows that they have some kind of business acumen. It doesn’t need to be a 6 figure kickstarter or even a high 5 figure sum but something that gets the public interested in a project but also not small enough that you get money just from savings and family.
Fund It in Ireland is great for the arts. Small and large projects are on it and there’s a great deal of learning after they’re run. A clone for startup funding could even be created for the Irish market with Government funds. The argument would be this service makes invested money have a higher chance of used well. Naturally scams would be attempted like they are everywhere else but let the crowd find the holes in it.
This was playing as I wrote the post. So there you go.