Thundafund DAC Presentation

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It was an overcast Friday morning in Gauteng as two brave crowdfunding enthusiasts were gearing up to present a crowdfunding talk to the Department of Arts and Culture (DAC). As the audience of DAC employees gathered, Patrick Schofield led the charge for the morning by setting the tone of the presentation with an overview of what crowdfunding is, Thundafund’s history and briefly touched on the success of the Creative Crowdfunding Economy Development Project (CCEDP).

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Then it was Thundafund’s Marketing Manager’s (or Artist-in-Residence) turn to dive deeper in the state of crowdfunding in the developing world and to further map out Thundafund’s place in the crowdfunding sector. Winslow Schalkwyk spoke from his experience as a freelance artist in South Africa and how this exciting funding model allows artists and creatives to grow their businesses and brands.

Interspersed with fervent questions and answers, the Thundafund team worked their way through the presentation, highlighting all the areas of success and spoke to how, with the support of DAC, they were able to have a success rate of over 80% on the CCEDP.

But, more than just reporting on the CCEDP, the team set out to educate the attendees on what crowdfunding is and how this exciting new funding model can change the landscape of funding in South Africa’s creative sector.

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Through the CCEDP, Thundafund has been able to produce Crowdfunding Education Tools. These tools, ranging from videos to workshops, will assist the budding crowdfunder in their quest to have a successful campaign with Thundafund. Another advantage of these education tools is that ThundaFund is now able to reach areas and people in South Africa, wherever there is internet available.

To the future:

Thundafund is currently in the development stage of a new website which is mobile-responsive as well. The team have been making notes from all the feedback received from Project Creators and Backers, and there are many changes being implemented to take the crowdfunding platform to the next level.

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Thundafund has produced new crowdfunding education videos with Zootee Studios

 

Interview with “Sibo Looks Right” creator Ginny Stone

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When Project Creators come on board Thundafund and immerse themselves in their crowdfunding campaigns, reach their Tipping Point and gain more support than even they envisioned, we have no choice but to pick their brains! Ginny Stone, the creative force behind the “Sibo” series of educational children’s books, was eager to have us interview her for our blog.

TF: How was the crowdfunding experience for you?

Ginny Stone: It was brilliant – I really enjoyed it – despite the fact I made mistakes and could have done better.

TF: Do you feel that through your campaign you have managed to crowdsource for Sibo more?

Ginny Stone: Yes definitely – through the incredible generosity of Nash Nissan we’ve got enough funding to have “Sibo Looks Right” illustrated and print 750 copies of the book – plus have the e-book to freely distribute. Without the campaign we would still not have this book – we had been trying to find funding for 2 years before this.

TF: Please note some of the challenges you had with your campaign?

Ginny Stone: I should have built up to the launch more. To be honest I started the campaign at the wrong time (was in the end stages of organising a conference and I was multi-tasking like crazy). I also did not dedicate enough time to a twitter campaign (except for the last few weeks). I somehow imagined that more of the people I know would have kicked in R50 just because it’s a good cause – that was a learning curve – people have other priorities! I also thought the marketing opportunities would be wildly attractive – but clearly I missed the boat somehow. All good – more learning curves! I also missed opportunities of have radio interviews purely because I was too busy. Silly me!

Probably the most challenging was that some people are just not very online literate and they had huge problems trying to register and deposit funds (and yet others had no problems at all). I overcame this by having them deposit money into my account and then I would create TF accounts for them using Sibo’s emails and deposit the money into the TF campaign account. It was a tad laborious at times.

TF: Do you have any advice for other campaign creators?

Ginny Stone: Don’t assume all your friends will support you. Do your build up to your launch properly. I think the biggest thing when asking for money is that your product or end result is something that is useful to other people – not just something you fancy doing and don’t have the money for.

TF: What, in your experience, are some of the benefits of crowdfunding?

Ginny Stone: Apart from the fact that we raised enough money to make our book happen… Marketing. Getting your product – my “Sibo” books – better known. Plus, in our case, I approached a potential funder for R300 and instead they have commissioned their own “Sibo” title and have ordered 10,000 copies (this is a real deal – done and dusted). It will be launched in October – transport month. This was a fabulous spin-off.
The contributions from Department of Arts and Culture were also unexpected and very much appreciated.

Also, I am quite sure that people will be happy to download the free “Sibo Looks Right” e-book and so my ultimate goal – of getting people and kids to be more road safety conscious will be realised even if we did not raise enough money to freely distribute real books around the country.

TF: Where to from here? Now that your campaign has closed, what happens now or what are your future plans?

Ginny Stone: “Sibo Looks Right” is currently being illustrated – it should be printed and will be launched mid-March.  As I mentioned above – I am currently working on a new title on etiquette when using public transport (a “Sibo” book on manners – fabulous!). Also as a result of the campaign I have had chats with a guy who is considering having me write a “Sibo” book on saving – another great topic. I do also have many other “Sibo” titles brewing in my head – plus I write a weekly “Sibo” column in the African Reporter and it runs as a blog.

Check out the “Sibo Looks Right” campaign here

You can listen to an interview with Ginny Stone with Cape Talk’s Pippa Hudson here:

Calling all performers, writers, musicians and artists, come crowdfund your idea

Thundafund and the Department of Arts and Culture

THUNDAFUND and the DEPARTMENT OF ARTS AND CULTURE invite applications for an exciting funding initiative, Crowdfunding Creative Development Project

The Department of Arts and Culture (DAC) partnered with Thundafund in developing crowdfunding as a viable option for a wide spectrum of people, specifically for those from less affluent and historically less networked sectors. The DAC/Thundafund project are looking to the performing arts fields, including theatre, physical  theatre, dance, music and performance art projects to realise their potential through the Thundafund crowdfunding site to test, launch and market their creative endeavors to South Africa and the world. One of the most exciting outcomes of the development of the Thundafund crowdfunding platform is that it activates communities to support the creative industries directly.

WHAT WE HAVE

  • An established and trusted internet based crowdfunding platform.
  • Dedicated accelerators to market and publicize your project.
  • T-Bucks – a Backing it Forward ‘promotion’ of the Thundabucks 200 (t-Bucks200) (T’s&C’s)

WHAT WE WANT

  • Exciting projects in the  performing arts fields, including theatre, physical  theatre, dance, music and performance art.
  • Projects that have an impact on historically disadvantaged individuals and/or  communities either as participants or audiences.

WHAT YOU GET

  • Assistance and mentoring of your crowdfunding appeal for your project.
  • Personalized assistance from a dedicated accelerator.
  • A percentage of matched funding dependant on your project achieving its funding goal through the ‘T-Bucks’ promotion.
  • Loads of publicity.
  • Support and encouragement from the Thundafund team.

WHAT YOU NEED TO DO

Download the application form: DAC Project Submission Thundafund form

Submit the completed application form to hello@thundafund.com with the subject line THUNDAFUND and the DEPARTMENT OF ARTS AND CULTURE invite applications for an exciting funding initiative.

Please note that there is a limit of 12 selected projects who will qualify for this opportunity for an Accelerator to assist you on your crowdfunding campaign and to qualify for the ‘t-Bucks 200’ promotion.

QUESTIONS? SUGGESTIONS?

If you have any questions on crowdfunding, please read the Crowdfunding 101 documents, Crowdfunding Checklist and do research on some Thundafund campaigns to get an idea for reward offerings and structure.

If you have further questions for ‘The Call Out of Projects’, contact marketing@thundafund.com with any questions or suggestions.