Crowdfunding Platform for pre-Startup

Crowdfunding Platform for pre-Startup

Current Status Pre-Revenue
Amount Invested RM4,000
Funding Required RM300,000 or less
Description We are doing crowdfunding for pre-startup who already had the idea but don’t have any resources or money to kick start their idea. We raise money for startup to build their prototype and try connect them to angel investors who invest in their field. We will crowdfund by selling merchandise and the merchandise will not be the product of the startup. Crowd that interested with the startup idea can purchase the merchandise to support their ideal startup idea. Public will receive the merchandise within 3 days after they bought the merchandise as a reward for support. We also sending promo code or free services for the public who support the company when the company successfully launch. It also solve some crowdfunding issues which are company successfully raise fund but do not proceed as they promise. It also can be take as a market validation for the startup idea.
Business Opportunity We solve the most important problem for entrepreneur who want to kick start their idea but don’t have any money or resources. We hope that creative and fun idea do not stop just because of the barrier of financial and resources. Malaysia startup ecosystem is booming and it already become a trend for many youngsters.
Revenue / Business Model We will split the profit of the merchandise with the startup. We also will invest in some of the startup which are potential. We will try to provide some resources and connection for the startup we invest for example refer them to our angel investor who invest specifically in their field.
Management Team Currently we have 2 partners who fully commit in company. I am Eison Ho as managing director and my partner Tan Shuan Li and managing partner.
Company Background We start our company on early May 2017. We planning to launch our platform on end of June. We will connect with some of the private and government university in Malaysia to set up a community in each of the university for their students. We will connect them on early Jan 2018.
Funding Milestone We currently looking for RM252, 000 for setup our company and doing marketing for our company.
After 2 years, we will move to VC for series A funding to expand our services to overseas such as Thailand and Indonesia.
% Equity Allocation 10
Expected ROI The expected ROI for investor will be 20% for first year and it will break even on the 2nd year.
Risks and Mitigation The risk will be the concept accept for SEA residents because most of the people in SEA is more conservative. They won’t just donate to someone they don’t even know for no reason. They will like to take some rewards back after they support. Also the risk for people misuse our services as a platform to get fund but not making any progress to their idea.
Exit Strategies We will adsorb the share back after 1 year based on the amount that both parties agree on that time.
Company Name Ant Starter
Website/Facebook http://www.antstarter.com/
Business Address Suite 5-1-2, Block F, Jalan 4/101C Cheras Business Centre, Cheras 56100 Kuala Lumpur, Malaysia
Contact Person Eison Ho
CAPITAL.MY