Raising capital for a new business is difficult in these economic times. Outvesting is a company aimed at helping businesses in Ireland get off the ground, since Ireland has had a particularly difficult time during the global recession.
Using a grassroots approach via Twitter, Outvesting hopes to give about $7,400 with "no strings attached" to any Irish startup, says Springwise. To do this, Outvesting is using Twitter to invite interested participants to contribute about $74. Startups can apply for the money while donors get a chance to vote on which ones get the cash.
Crowd-Funded Startups
Outvesting Helps Irish Companies Using a Grassroots Approach
Trend Themes
1. Crowd-funding Startups - Disruptive innovation opportunity: Developing a platform that combines crowd-funding with social media to connect investors with startup companies.
2. Grassroots Capital Raising - Disruptive innovation opportunity: Creating a digital platform that enables individuals to contribute small amounts of capital to support local businesses and startups.
3. Social Media-enabled Funding - Disruptive innovation opportunity: Building a social media platform that facilitates the exchange of funding between investors and entrepreneurs, while allowing donor participation in the decision-making process.
Industry Implications
1. Finance - Disruptive innovation opportunity: Developing digital platforms that revolutionize the way capital is acquired and allocated for startups and small businesses.
2. Technology - Disruptive innovation opportunity: Creating advanced digital tools and applications that streamline the crowd-funding process and enhance donor engagement and voting mechanisms.
3. Social Media - Disruptive innovation opportunity: Designing innovative social media platforms specifically tailored for crowd-funding and supporting grassroots initiatives in the business sector.