Print
Technology

Cucalorus Connect Sessions Focus On Crowdfunding, Startup Ecoysystems

By Cece Nunn, posted Nov 10, 2016
Panelist Aaron Hillis, manager of film and creative outreach at Indigogo, talks about crowdfunding during a Cucalorus Connect Conference session Thursday at Ironclad Brewery in downtown Wilmington. (Photo by Vicky Janowski)

Although "tech" is a key word in the world of entrepreneurship, connecting to people is also key.

That’s one of the themes local and national experts shared as they provided insight Thursday into the realms of crowdfunding and startup ecosystems at Cucalorus Connect Conference sessions.

"In the past couple of years crowdfunding that was used in the nonprofit world, in the creative world, has now been transferred into the investment world,” said Leo John, a specialist with the N.C. Secretary of State’s office in its securities division.

During a Connect Conference event Thursday morning at Ironclad Brewery in downtown Wilmington, John explained some aspects of federal laws and recent state legislation that is enabling more investors to take part in crowdfunding. In its second year, the Cucalorus Connect Conference started Wednesday and runs through Sunday.

John was part of a panel of experts who participated in "The Evolving State of Crowdfunding" discussion. Also on the panel was Erica Anderson, co-founder and head of crowdfunding and education at Seed & Spark, a platform for filmmakers and film enthusiasts.

Anderson said community outreach and connecting with your investors and audience in real life can be vital to raising the necessary funding for creating films, and keeping investors enthusiastic about future projects. Often, film projects provide incentives to those providing the funding, but it’s important to know what incentives will create the most enthusiasm, Anderson said.

“For me, the incentives aspect has to come from a conversation with the people that are going to be interested in what you’re doing and what would actually interest them,” Anderson said.

Wilmington-based urban planner and sustainability consultant Clark Henry talked about crowdfunding from a real estate point of view. Henry and a partner, architect Clark Hipp, are working on expanding their real estate investment crowdfunding company Our Move.

“What we do is we create what planners call a sense of ownership of revitalizing areas whether it’s a downtown or a corridor or a piece of property,” Henry said Thursday.

That revitalization can often involve smaller projects where those with the redevelopment ideas need to be connected to financing outside of the traditional bank-developer relationship, Henry said.

During an afternoon Connect Conference session on nurturing startup communities, Jim Roberts, founder of the Network for Entrepreneurs in Wilmington, said the Port City's current ecosystem is only about 3 years old but has three startups receiving awards at the N.C. Technology Association Awards Gala this evening: Performance Culture, Lapetus and Likeli.

Roberts said despite the successes, Wilmington's startup ecosystem still needs some things to happen before realizing its full potential, including an exit event.

“We need an acquisition. We need a Next Glass to sell for the $50 [million]-$100 million that they’re aiming for. We need something like nCino to have their IPO which is where they’re headed,” Roberts said.

He introduced a group of experts on startups that included Stanfield Gray, founder of DIG SOUTH, a rapidly growing conference showcasing technology and entrepreneurship that will be held in Charleston, South Carolina next year from April 25-27. Doug Speight, CODE2040 entrepreneur in residence at American Underground in Durham; Polly Harman, CEO of medical device company Pursuit Enterprises; and Michael Barbera, a Fortune 50 consumer psychologist, also spoke during the session.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Lgoriginalheadshot 311794626

Wellness Programs: Taking It Off Your Plate

Laura Greenhow - Summerfield Custom Wellness
Cd

Five Reasons Nearly Half Of New Hires Fail

Hoop Morgan - The Forté Institute, LLC
Adamshay 300x300

Leadership Lessons From The Battleship

Adam Shay - Adam Shay CPA, PLLC

Trending News

Business Community Remembers Beth Quinn, Co-founder Of She Rocks

Christina Haley O'Neal - Jan 17, 2018

Piano Bar And Lounge To Fill Aubriana's Downtown Spot

Cece Nunn - Jan 17, 2018

Made Mole Brewing Coming To Oleander Drive This Spring

Jessica Maurer - Jan 17, 2018

Six New Tenants Lease Space At Waterford Business Center

Cece Nunn - Jan 17, 2018

San Juan Cafe To Close

Jessica Maurer - Jan 17, 2018

In The Current Issue

Spectrum Expands Its Offerings On Bald Head

Spectrum recently launched new offerings for residential and business customers on Bald Head Island....


Megasites Hold Potential For Big Industry

Could the potential for landing the next major employer in the Cape Fear region lie in Brunswick County? Local and regional economic develop...


MADE: Making Inroads In A Medical Market

MADE in the Cape Fear: spotlighting goods manufactured in Southeastern North Carolina. Leland-based Lucid Innovative Technologies makes medi...

Book On Business

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes