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University of Florida
January 14, 2009
33
needs
2
there’s a 21-year-old college
student in Los Angeles, CA
his name is Jake
Jake has $30
there’s a 21-year-old college
student in Malawi, Africa
his name is William
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William has a good idea
their connection drives
our mission
to answer the most
important ? of our generation:
9 Billion People + 1 Planet = ?
not with
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apathy
our answer?
150,000
ideas
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in 25 languages and
172 countries
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William, meet Jake
33needs is a trampoline for
world-changing ideas
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we connect
entrepreneurs solving big
needs to $ (capital)
it’s called crowd-funding
we’re flipping the standard
funding model on its head
how?
a social entrepreneur creates
a profile on 33needs.com
what’s a social entrepreneur?
n.,1. a pioneer of innovative
solutions for the planet
William is one
William builds windmills that
provide energy + clean water
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thousands of entrepreneurs
see the world like William:
“I find out what the world needs,
then I proceed to invent.”
- Thomas Edison
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water
sustainable
food
your voice
clean-energy
green cities global health
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back to William
William needs seed capital
to scale his impact
William: “I want to harness
the wind across Africa.”
from his profile, he chooses a
$10,000 “funding target”
he chooses a “revenue share”
of 10% with investors
your turn, Jake
Jake explores a few of the
311 profiles on 33needs.com
he finds William’s magetsi a
mphepo – “electric wind” idea
he thinks it’s awesome
Jake invests $30 (or 3 “parts”)
in William’s idea
FYI: Jake can invest in steps
of $10 (“the part price”)
he is now a “believer”
he can withdraw his $ anytime
before the “target” is reached
Who (or what) benefits
from Jake’s investment?
(1)
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William has seed $ to grow his
purposeful business model
(2)
53
Jake receives a small % of
William’s revenue for 5 years
(3)
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33needs receives 5% of the
“target” and a % of revenue
(4)
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the world has a solution
remember
this is not charity
we believe
business has a role to play
in making the world a better place
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we think so.
join us at <33needs.com>
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frequently asked questions
how the F&@k is this legal?
1. There is a money back
guarantee if the “target” is not
reached
2. The “parts” are not fungible
(i.e. tradable) or negotiable
(i.e. changing in value)
3. “Believer” receives a
guaranteed physical product,
service, or other incentive
How is “virality” integrated
with your business model?
1. We're free
2. We're web-based
3. We don't create content,
just the platform
4. We have a dead simple
platform
5. Self interest spreads
our impact
Does anyone else do this?
“Crowdfunding” exists in film,
music, politics and charity, but
we are the first to harness its
potential to fund social
entrepreneurs
Where can I learn more about
William and his work?
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What are your short-term
financial projections?
back of the napkin 2010 projections
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uses
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restoring
our
planet.
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Husk Power provides
renewable energy (from
rice) to thousands in rural
India
He has a right to 0.2% of
William’s future revenue
for the next five years