BCBusiness

June 2014 The Craft Beer Revolution

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

Issue link: http://digital.canadawide.com/i/309075

Contents of this Issue

Navigation

Page 23 of 83

24 BCBusiness JUNE 2014 illUstratioN: graham roUmiEU 1. Paint rain clouds on the office windows so you don't feel like you're missing out. 2. ask your boss if you can shift your regular 9-5 to a slightly earlier 6-2, so you can capture a portion of the afternoon sun (even if it means being exhausted). 3. move meetings outside. Even a sunny downtown sidewalk beats a stuffy boardroom. 4. Dress like you're going to the beach to uplift your office-worn spirits. 5. instagram photos of eating your lunches outside. Friends will think you're on a picnic, and if you keep up the ruse you might end up believing it yourself. 6. turn your computer monitor to max brightness, put on some shades and soak up the closest thing to the sun you'll see all day. v i s u a l l e a r n i n g How to Beat the Summer Blues "You marry investors," she says, pointing out that on average it takes 15 years to bring a startup from concept to market. "If you're going to be in a long-term relationship, you want to be sure you're with people who are sophisticated and understand risk, and have the money and accept the risk fully.... It's hard enough to manage just a couple of investors, never mind a whole bunch of small ones." Daryl Hatton is founder of Fund- razr, a Vancouver-based crowdfunding platform that specializes in leveraging social media to tap into local communities. He says he's seen probably a thousand companies enter the crowdfunding space in recent years, many intent on staking a claim in the rush for online equity platforms. He believes, however, there's a place for equity crowdfunding that doesn't include hordes of unsophisticated get-rich-quick investors. He describes the hypothetical example of a remote community that wants to buy a wind turbine: these typically cost around half-a-million dollars, and involve long-term contracts with utilities guaranteeing revenue. An entrepreneur could form a company around the project, and use a site like Fundrazr to fund it. Hatton argues that the motive for investors doesn't have to be making a killing on speculative stocks: "It's about building a community of people that are interested in your product or service or company." • 1 2 3 4 5 6 soUrCE: the World bank, oct. 2013 number of crowd- fund investing Platforms 344 87 53 34 p22-27-Intel_june.indd 24 2014-05-01 1:18 PM

Articles in this issue

Archives of this issue

view archives of BCBusiness - June 2014 The Craft Beer Revolution