African Americans and Crowdfunding: What’s Hot

RealityCrowdTV.com

Presents

African Americans and Crowdfunding:

What’s Hot and What’s Not

Featuring a panel of African Americans with knowledge and experience utilizing this new entrepreneurial funding mechanism.

[click picture for YouTube video of show]

Co-hosted by

Marlin Adams

of CulturalGrassroots.com

 Roger Madison, publisher, iZania.com
Andrea Lewis, creator of web series, “Black Actress”
Alex McConduit, promoter, “FundDat.com”
DeShuna Spencer, publisher, emPowermagazine.com

Andrea Lewis Talks with CulturalGrassroots.com

Andrea Lewis 2

Andrea Lewis

“Black Actress”

Talks Crowdfunding for CulturalGrassroots.com

 

Andrea Lewis grew up in the belly of the Hollywood beast, as “Hazel” for six seasons on the popular teen television show, “Degrassi: The Next Generation”. As she continues her Hollywood career, she has also found the entrepreneur within and is now a triple threat content creator with her successful webseries,Black Actress“,  which is a funny, insightful look into the days in the life of a Black actress going through her “find employment” paces. What makes the show unique is it’s “Larry Sandersesque” use of active Black actresses in cameo appearances, which gives this mediation on the entertainment business weight and authenticity.

Andrea graciously agreed to talk with us {click here} about how she crowd funded her “Black Actress” web series, and to endorse the idea of Creating The World We Want To See, through crowd funding and CulturalGrassroots.com.

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http://youtu.be/s8VESUEowaU

Crowdfunding Start-up Money: Pros and Cons

Chris Wilkerson, Deputy Editor – Tampa Bay Business Journal Mar 15, 2013, 6:00am EDT Updated: Aug 29, 2013, 7:09am EDT

When it came time for the first capital raise, Black & Denim chose Kickstarter, a crowdfunding website, to fund the infrastructure the company needed to move apparel from boutiques into the major department stores like Bloomingdale’s and Macy’s.

“A generation ago, entrepreneurs met their grandpas, aunts and uncles for Sunday supper and pitched a great idea that just needed a little seed capital. Today they call that crowdfunding.”

“We need $15,000 to realistically pitch to Macy’s,” Torres said.
By every measure, the company’s Kickstarter campaign was a success. The company campaigned for only about $20,000 and it brought in more than $30,000, all while giving away no equity in the company in the process. Instead, it rewarded pledges with apparel and accessories.
“Borrowing was not an option,” he said. “Borrowing can make or break a company.”
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