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How could you gamify startup fundraising? Keep in mind the things that matter when raising money:
The way people raise money today is very out dated, inefficient and a huge time sink for entrepreneurs. Perhaps there is away the process could be made more fun for all parties, waste less time and still demonstrate traction/team/demo and social proof. |
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I believe that a great deal of the above specified problem has to do with the absence of a knowledge inventory - that is the first thing that needs to be built before we can approach an answer to this question. A company like Boeing (for example) has a inventory of every rivet, panel, and wire that goes on an aircraft and they nurture that inventory with intensity. The objective is the ability to predict the likelihood that an aircraft can be built given the set of parts that exist in the inventory. The analogous objective would be to predict the likelihood that the knowledge inventory exists to turn all those rivets, wires, and panels, into serviceable aircraft. This is absolutely not what the way fundraising - or even the question above - is formatted. A computer hardware engineer can look at an inventory of parts and tell you the specifications and/or range of devices that they can build. They can also tell you what parts they need in order to increase the probability of success and they can tell you what parts will be left over unused after the devices are created. The analogous condition is that a fundraising effort would look at a set of knowledge assets in a community and predict what ventures can be executed successfully. The items listed above (keep in mind...) are simply specifications of a knowledge inventory. Build the knowledge inventory and all the money in the world will have no other place to go. That's the game that we need to play. |
