Before equity crowdfunding came along, venture capital (angel investors and private equity) were pretty much the only option for early-stage companies to go to when they needed cash. There are many advantages to using a public equity crowdfunding raise versus venture capital.
We all know crowdsourcing works - but rarely does it work so well as was the case with Space Poop. So what made it different? HeroX took a long look at this challenge. What we learned might just help other crowdsourcing projects enjoy a little bit of that same “magic.”
If the average attention span begins to wane after about 5 minutes of listening, learning how to communicate your messages in roughly 2-minute comments can create a mutually beneficial learning experience, improving the attention and retention of all people involved. It’s a win-win, here's how!
We partnered with HeroX for a joint bid to respond to a government request for proposal. Our experience with the HeroX team was extremely positive.
There were times where flexibility was critical, their team took the approach of a true partnership. Working against tight timelines, collaborating virtually, operating in different time zones; any one of these points could have created challenges, not for this team. HeroX went the extra mile, which is a rarity for us in our past experiences in collaborating with other partners. The responsive, professionalism and level of expertise was noted and appreciated.
Other than their capabilities, we were impressed by their overall team in the way they conducted themselves. There was true core values alignment. We would absolutely invite the opportunity to work with their team again.