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've successfully collaborated winning and fulfilling on NASA contracts through their Center of Excellence for Collaborative Innovation. HeroX is positioned as the social network for innovation and therefore has a broader and more uncredentialed crowd, which pairs well with our Topcoder crowd of experts in development and design. Their team is great to work with, we've had the pleasure of hosting webinars and other joint initiatives.