Virtual Silicon Valley - Global Crowd-Funding Community

A session at SXSW Interactive 2011

  • Randy Mitchell
  • Lynn Liss

Sunday 13th March, 2011

3:30pm to 4:30pm (CST)

Early phase funding is a difficult for many startup companies. VC’s are not typically interested in early phase companies. Many startups are immediately international, but many investors are still local. Crowd-funding is a new emerging funding model. It offers more flexibility for startup funding, and especially helps companies in early phase and also companies that are not suitable for traditional VC funding.

Silicon Valley is the best startup ecosystem. The vision is a Virtual Silicon Valley, where all relevant parties (entrepreneurs, investors, etc) can work together around the world. It means that all best people and companies together can create new global success stories
Jan van Dijk described the network society thus, “networks cause a comprehensive restructuring of society at large – they are breaking old models of organisation. In a network society, the network becomes a basic unit of organization at all levels, in a mass media society, the basic units are the large collective ‘masses’”. From a VC perspective The Go4Venture monthly report in March 2010 stated that “professional venture capital funds have become less relevant to the financing of innovation for the time being”.

Crowd-funding view is you can build with money, or like the Dutch Polder model, you can build with people. We need more equal opportunities, where entrepreneurs and private investors unite to accelerate innovation in more global, transparent, collaborative, and effective environment.

LEVEL: Intermediate

About the speakers

This person is speaking at this event.
Jouko Ahvenainen

Entrepreneur and private investor - my job and dream is to create new; have created e.g. the world first social net analytics and global crowd-funding firms. bio from Twitter

This person is speaking at this event.
Randy Mitchell
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Lynn Liss
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Kevin Lawton

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Time 3:30pm4:30pm CST

Date Sun 13th March 2011


Salon E, Hilton Austin Downtown

Session type

Core Conversation

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