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Sunday, March 13 • 3:30pm - 4:30pm
Virtual Silicon Valley - Global Crowd-Funding Community

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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.

avatar for Jouko Ahvenainen

Jouko Ahvenainen

ChairmanGrow VC InternationalJouko is serial-entrepreneur, co-founder of Grow VC, the first global peer-to-peer micro-funding service for startups, and Enreach Group Inc., online audience targeting company. He also co-founded Xtract, the world first social network analytics company... Read More →

Sunday March 13, 2011 3:30pm - 4:30pm CDT
Hilton, Salon E

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