Diary of an Economic Crisis Survivor

DECEMBER 22, 2014, HOURS 14:43
DAY 310

“Dear Santa, as you know my name is Victor, I’m 30 years old and I live in Italy.
In September, I create my own startup, with my teammates, some of which unfortunately had to leave Italy.
I went around the desolate streets of my city, a city, as many other Italian cities, devastated by The Great C, and  I thought and thought … well as a gift this year I would love to receive a Crowdfunding for us.
But if in your sled there is no space, you can take what you want, at least a little bit of enthusiasm.
This year, like the last, I will be here to resist and fight The Great C.
Thanks Santa, I can’t wait to see you. “

The 83% of Italian companies are small and medium enterprises. Since the advent of The Great C, these companies have had increasing difficulty in finding the funding they need to not give up.
Not recently, I heard about Crowdfunding, or collective funding for those who are new to the subject, and I discovered two important things:

There are five ways to make crowdfunding:

1. 1. Donation-based (e. based on the donation and no economic return);
   2. Peer to peer;
   3. Peer-to-Business;
   4. Invoice Trading;
   5. Equity Based (based on risk capital)
2. The size of the Crowdfunding in Italy is virtually zero, this because:
   1. There are few platforms to do it(as Unicaseed and Starsup);
   2. You must be an Innovative Startup (Startup and Innovation: a relationship not always sincere);
   3. The “donors”, who wanted to invest a significant amount of capital, need the guarantee of a bank.

In conclusion. In Italy, Corwfunding seems not an easy tool to use.
We’ll try, but as I said in the last post we finished supplies and capital, The Great C is besieging us, our startup fails to get success and we are thinking of abandoning Italy: this is the reason why I asked Santa a little bit of Crowdfunding for us.

We hope that the light of Christmas would bring hope.

Merry Christmas Survivors. Hold on.