Inspiration | Siki’s Story

I have just visited Siki’s Koffee Kafe in Khayelitsha. I came across him and his story on Thundafund when I was looking at current crowdfunding campaigns that were taking place. Siki’s story is such an inspiring one and I knew that I had to meet him.

Siki's
Check out Siki’s Crowdfunding campaign

Sikelela Dibela has always wanted to make a difference in the community that he grew up in, Khayelitsha. Even though he never matriculated from school Siki had amazing drive which resulted in him moving up from a Vida Cafe dishwasher to store manager, whilst he was completing college. His drive and tenacity saw him being chosen to work in London for two years training new staff.

Siki explained that going to London was a major eye opener and part of his inspiration to come back home and really make a difference. Meeting Siki was a reminder for me that perseverance and hard work pays off and I believe that Siki is on an amazing journey to not only be a personal success but to take his community along the journey.

I am making a plea to everyone to check out Siki’s crowdfunding campaign and to contribute to his story.  He is looking for a dream goal of R90 000 in order to get a mobile coffee machine and a vehicle in order to increase his reach. His tipping point is R30 000 and he is currently at R15 560. So halfway to the tipping point with 23 days to go!

To Learn more google him or better yet go and visit Siki’s Koffee Kafe.

EDIT 15 August 2018

Siki’s Campaign is up to R17 710. Here is Siki’s Facebook page and a video of me making some bad coffee at the Kafe.

Crowdfunding in the Developing world

I wanted to give a quick shout out to the guy at Allied Crowds who map out emerging world crowdfunding. You can find them here. Sign up to read their reports and statistics on crowdfunding in the emerging world. I truly believe that we can use crowdfunding to greatly improve the lives of people in the emerging world.

This is short and sweet and to the point. Check out the reports!!!

Oh, below is Allied Crowds top 20 countries in terms of crowdfunding. Even more reason to visit their website, just click on the picture below.

Allied Crowds Top 20

A Growing Passion | Crowdfunding | It’s History

As the Internet becomes a more prolific force in the lives of more humans we are definitely going to see greater collaboration using internet enabled platforms. Peter Diamandis speaks of the rising billions in terms of the emerging world’s citizens who are gaining access to the internet. This is extremely exciting as greater access to the internet allows people to collaborate more efficiently. Essentially crowdfunding is human collaboration enabled by Technology. Crowdfunding gives people opportunities that may not have been possible prior to the internet. It is extremely exciting to think about how this can positively affect the emerging world.

If we take a closer look at crowdfunding we will see that this is not a new idea, humans have been collaborating for centuries. Examples of pre-internet crowdfunding are:

  • Praenumeration: Subscription business model used to gauge demand before printing books in the 28th century. Not exactly crowdfunding but similar in terms of getting the crowds approval.
  • War Bonds: This is essentially the crowd funding war
  • Statue of Liberty Base: Joseph Pulitzer’s New York World, raised $102,000 in 1885 from 120,000 donors, with 80 percent of the total received in sums of less than one dollar.
  • Rotating savings and credit association’s, or ROSCA: There are many examples across the world where groups of people get together to pool money for particular purposes.

The foundation of crowdfunding via the internet though can be traced to the British rock group Marillion who in 1997 used donations from fans to pay for their US tour. In the same year writer/director Mark Tapio Kines designed a website to raise funds for his then-unfinished first feature film Foreign Correspondents. It was not really until 2003 when Brian Camelio, a Boston musician and computer programmer, launched ArtistShare that crowdfunding really started gaining traction. Maria Schneider’s jazz album “Concert in a Garden.” was the first project on ArtistShare and the campaign raised about $130,000. She won a 2005 Grammy Award for best large jazz ensemble album. This was the birth of rewards based crowdfunding and sites that we know such as Indiegogo and Kickstarter  launched in 2008 and 2009.

Debt Based crowdfunding saw its roots prior to the establishment of these rewards based platforms with the establishment of Zopa in the UK in 2004/5 and Lending Club in the USA in 2006.  The use of the internet to facilitate the collection of donations was in place long before donation based crowdfunding emerged in 2010 with the launch of  GoFundMe, which has raised over $2Billion to date.

In terms of Equity crowdfunding most information you can find focuses on the Jobs Act and America’s process to equity crowdfunding, EquityNet was founded in 2005 for accredited investors. You may not know that ASSOB took equity investing online in 2005 in Australia or that Crowdcube (founded 2010) and Seedrs (founded 2009) out of the UK are two of the most successful platforms for every man on the street.

This was a quick history and I have tried to make sure that it is as factually correct as possible. If I have made mistakes please comment about it.

This is most likely a good place to mention that I an working for a real estate crowdfunding company and together with some others based in Africa we have established the African Crowdfunding Association (ACfA) as a way to educate more and ensure that crowdfunding can impact Africa in a positive way!!!

 

 

Sunday Rambling | It’s been a while!

Working 7 days a week has become my norm for 2016. I have found that I have quite a resilience and enjoy a life that is full of busyness rather than nothing to do. Working in a scale up business in the fintech space has definitely been worth it to date. I have met awesome people and have had to learn and stretch myself in different areas. I am enjoying being out of the pharmaceutical world; being confined to the box of pharmacist.

I count myself very fortunate for the situation that I currently find myself in. Sure it is definitely not easy or simple but doing something important never is. I have worked hard in order to be in a situation where I can make a difference. So some of the negatives are: personal projects are on the back burner, my body is being neglected, I am not focusing on my social life.

Realising the negatives and ensuring that I do not forget about them and overcoming them is important. People go on about the journey of life and I do want to make sure that I am making the most of it.

Part of my current role has allowed me to look into different companies, researching and learning in order to ensure that we know where we stand in terms of our industry and what we need to do to push forward. Doing this has reminded me how full of information the internet is and how so much information is lost in the enormity of it, for example how this blog is a microscopic speck in the galaxy of the internet. One could look at this in two ways: I am insignificant and therefore should play no role on the internet or wow, there are billions of people who are a potential audience.

I will be sharing some of my internet finds moving forward and plan to take on a more consistent role of sharing online.

So this week I will share a find that was sent to me by our CEO, Scott Picken. If you are interested in start-ups, venture capital and entrepreneurship then check out CB Insights. You can sign up for free for 30 days and you can find out a whole lot of information regarding the funding of companies and more. The info is pulled from the internet and it not completely accurate, I say this as the info on our company is not completely correct.

That is it for today.