French Crowdfunding Lessons in the Collaborative Economy

10 November 2015

French Crowdfunding Lessons in the Collaborative Economy

New Zealand’s most successful equity crowdfunding platform, a trading bank and an angel investor will gather together tonight to share tips on the best ways to fund to those curious about capital raising.

The event run by the French New Zealand Chamber of Commerce and Industry (FNZCCI) was inspired by World Bank estimations that crowdfunding will reach $90 billion by 2017 and part of the highly successful ‘Entrepreneur Series’ that the business association will resume next year.

Covering all the ‘pros and cons’ of funding for businesses wanting to find their feet financially, the Auckland function features guest speakers; Thomas Dietz, CEO of WOOP (World On Our Plate), Josh Daniell co-founder of Snowball Effect, Rohit Mulki of ANZ and an active angel investor, Debra Hall.

Nadine Plet, FNZCCI President is proud that her fellow countryman Dietz accepted the invitation to share his personal insights about WOOP’s investor journey following its high profile trajectory on to the crowdfunding scene earlier this year.

The gourmet dinner delivery service raised its stretch target of $800,000 and to date is New Zealand’s most successful equity crowdfunding start-up (defined as a business with no or very little revenue).

“Our members will learn that contrary to the popular myth, crowdfunding is not easy money. WOOP is an extraordinary example of how French passion, persistence and determination can achieve crucial financial backing in the new collaborative economy” she says.

The advantages of the new equity crowdfunding framework are access to a cost-effective and efficient process, instant access to a wide pool of investors, and broad brand exposure says the co-founder of Snowball Effect.

Daniell reports that Kiwis have taken to it on both sides of the market – raising capital and investing in early stage businesses “the New Zealand equity crowdfunding market has so far performed better than any other country in the world on a per capita basis” he says.

Offers through Snowball Effect currently account for around 70% of the equity crowdfunding market in New Zealand.

The FNZCCI event will be held at Maison Vauron upstairs wine cellar located at 5 McColl Street in Newmarket Auckland from 5.30pm-8.00pm on 10 November 2015. For more information go to: www.fnzcci.org.nz.

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