Open Coffee Club - Crowdfunding vs. Bootstrapping

THIS THURSDAY!

We'll be discussing Crowdfunding versus Bootstrapping - which should you choose?

We'll be hearing from Conor McCluskey of BombBomb, Krist Norlander of Smart Air and Courtney Thurman, who got one of the first social lending loans through LendingClub.com. The two Colorado Springs-based startups will share their stories as to why that did or didn't work for them, and what that means for you.

This will be the LAST Open Coffee Club of this format for a bit as we move to a topic-driven, a la carte event format going forward.

Don't miss this GREAT panel of local entrepreneurs!

See you Thursday morning at 7:30am!

Join or login to comment.

  • Jeff C.

    good speakers, meeting, discussion!

    2 · June 5, 2014

    • Krist N.

      I agree. I am interested in a follow on discussion with a focus on VC and/or Accelerators

      2 · June 5, 2014

    • Courtney T.

      I agree, Jeff! Thanks for chiming in too.

      June 6, 2014

  • Kathleen F.

    I especially liked Patrick's quick description of VC funding. I, too, would like to know a little more about Accelerators.

    1 · June 5, 2014

    • Courtney T.

      Definitely! I think a next event will be in the works!

      June 6, 2014

  • Chris R.

    I was impressed by the caliber of the panelists and audience members (e.g. Patrick, Shaun, Walter) who contributed to the discussion. I also agree with Krist that a follow-up session on accelerators and venture capital would be most helpful.

    1 · June 5, 2014

    • Courtney T.

      Thanks, Chris! I know we'll talk about lining that up. I agree - we were lucky to have our 2 speakers AND have great involvement with crowd members.

      June 6, 2014

  • Krist N.

    This was a great first step for me into the Open Coffee Club scene. Thank you for the warm welcome and interesting dialog.

    1 · June 5, 2014

    • Courtney T.

      Thanks for your panel participation, Krist! It was great to meet you and glad you gave us insight into what you're doing.

      June 6, 2014

  • Steve

    Great info, Patrick gave some good to know info about VC investing

    1 · June 6, 2014

    • Courtney T.

      I agree! We'll look to lining him up for another event.

      June 6, 2014

  • Shane K.

    Very informative. I'm looking forward to follow up discussions

    1 · June 5, 2014

    • Courtney T.

      Thanks, Shane! It was good to meet you.

      June 5, 2014

  • Courtney T.

    Thank you to everyone who made it out today! It was a HUGE success! Special thanks to Conor McCluskey and Krist Norlander, with great contributions by Patrick Bultema.

    1 · June 5, 2014

  • Courtney T.

    One of the biggest risks of crowdfunding, for supplier and backer alike, is the risk of not being able to deliver what is promised within the promised timelines. One of our planned panelists for Open Coffee Club (Paul Lizer) has experienced that very real pitfall directly. This is an extremely difficult issue for anyone to deal with and Paul is dealing with it in his own way. Out of respect for Paul's desired handling of the situation, and to avoid having Open Coffee Club become a public forum between Paul and his backers, we've decided to replace Paul on the panel and continue with the event.

    June 4, 2014

    • Peter M.

      Thanks, Patrick. I appreciate your comment about not having a dog in the fight, but I presume that Paul is at least acquainted with some there or he wouldn't have been invited to speak. Perhaps those of you who know him could encourage him to come clean about his business and the project that was funded by $72,204 of other peoples money with nothing to show and no communication on what happened. At this point the backers assume the money is long gone, but an explanation would go a long way so they can know for sure the outcome. I hope the meeting is positive and perhaps the pitfalls of "crowdfunding"­ can be discussed in the context of what is most appropriate course of action when your project fails. My answer is to come clean and lay it all out for those that believed in you.

      June 4, 2014

    • Patrick B.

      Appreciate your comments. I actually don't know and don't believe I have met him. But again, completely get the desire to get an answer. What I would want as well

      June 4, 2014

  • Peter M.

    I'm with Andrew. I hope Paul talks about the fraud he perpetrated by taking $72,000 from Kickstarter backers, delivering nothing and then completely cutting off all communication! It may all be an innocent set of circumstances but since he won't tell us what happened no one knows. Maybe if someone buys him a cup of coffee we'll all find out.

    June 3, 2014

    • Peter M.

      Call it what you will but if you check the project that Andrew posted below the last update (Update #36) on July 13th, 2013 says at the end, "Have a safe holiday and more updates to come next week." There is only one update previous that hints at failure. (Update #27: "First, to clarify, Dash has not failed.") Update #36 was the last anyone heard from Mr. Lizer regarding this project despite many pleas for some type of news good or bad. Complete silence. Taking money for a project then honestly and openly failing is one thing. Knowing you've failed and deceiving everyone about it is fraud.

      June 3, 2014

    • Peter M.

      Update #33: "Between our patient Kickstarter backers and many other preorders we are thankful to be moving forward with all of you and promise to continue weekly updates. " Update #32: "...we promise to take care of you guys." Update #31: "Thanks for bearing with us!" There are more but that's enough to illustrate the point. Paul won't answer, Kickstarter refuses to take any responsibility, the media isn't interested, nor the authorities (so far) so that leaves this forum as the only place to air the grievances of this project. I hope he does come and speak because he won't tell those who believed in his project anything.

      June 3, 2014

  • andrew C.

    I'm tempted to attend to ask Paul Lizer what he did with the money he raised for Devium, because none of the backers have received or heard anything for over a year.
    https://www.kickstarter.com/projects/devium/dash-the-smart-phone-car-stereo/comments

    June 3, 2014

  • Kathleen F.

    I bootstrapped my business, but find myself weighing the benefits and hinderances of venture capital. I can grow slowly without outside capital, but could grow faster with it. I would love a discussion on long term ramifications for whichever decision I might choose. How would venture capital effect my business culture? How much stress would added expectations create?

    1 · April 28, 2014

    • Courtney T.

      Hi Kathleen, this'll be a great event for you then!

      May 18, 2014

27 went

Our Sponsors

Imagine having a community behind you

Get started Learn more
Rafaël

We just grab a coffee and speak French. Some people have been coming every week for months... it creates a kind of warmth to the group.

Rafaël, started French Conversation Group

Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy