Evan Vitale

Accounting Professional

Evan Vitale – What’s Next If Your Crowdfunding Plan Fails?

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By Evan Vitale

You’ve researched, planned and prepared an awesome presentation for your crowdfunding campaign and then it bombs. Now what?

Get up. Brush the dirt off your pants and try again. Right?

Before you take the same plan and presentation and create a new campaign at a different crowdfunding site (which might also cause yet another failure), you should first step back a little and review the following:

  • Is your idea a great one? Everyone “thinks” they have an awesome idea, but is it really that great? If so, then why didn’t you reach your campaign goal? Was it something in the presentation or did others feel like perhaps your idea isn’t as hot as you think it is?
  • Review your plan. What’s missing in your project or idea plan? Did you offer enough details to your investors? Check and see if there were any unanswered questions during your campaign. Remember, as you create your plan and presentation think of all the questions someone might ask if you were making the presentation face-to-face. Then, make sure all of those questions are answered in your campaign presentation.
  • Review your financial goals. Are you dead-on with your requests or are you asking for too much money?
  • Review your presentation. Did it fail to wow your crowd? What’s missing? What can you do to make it better; keep people’s interest and make them become part of your financial crowd?
  • It could be that perhaps you presented your plan on the wrong crowdfunding website. They are all different and, perhaps, a change might be the key to reaching your campaign goal.

Once you have answered those questions and made the necessary edits, changes and updates, then it’s time to start your crowdfunding campaign again. A first-time failure doesn’t mean you’re finished. It means you’re gaining experience!

 

Evan Vitale – Alternative Small Business Lending Thriving

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By Evan Vitale

According to Business Insider, Bizfi recently announced the close of a $65 million funding round to ease the alternative lending process for small businesses by providing an aggregating plaform that helps small businesses find the best lending platform for their needs.

Bizfi facilitates some loans, but it also works with alternative lenders such as OnDeck, Funding Circle and Kabbage to pair borrowers with investors.

Some say this indicates alternative business lending is thriving. Unfortunately, most small businesses’ credit needs are not met by traditional lenders. In fact, during the first half of 2014, over half of the small businesses that applied for loans from traditional banks had their applications rejected.

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Evan Vitale is a multifaceted finance and accounting professional who provides Audit, Accounting, Tax, Due Diligence and Advisory services to Venture Capital Funds, Hedge Funds, Private Equity Funds, Family Offices, Small Business Investment Companies (SBICs), Funds of Funds, Other Investment Groups and their management companies. 

Today’s market has made it extremely difficult to predict what the next day will bring.  For Funds and Other Investment Vehicles, the expectations remain to balance the different opportunities with a continued focus on value creation in existing portfolios.  The key to any successful organization is building and maintaining the trust of your investors. Evan has the expertise to help you shine in your investor’s eyes and stand apart from the competition.

Funds have special needs when it comes to finding an accounting firm to help them with their accounting, auditing, tax and financial due diligence projects. Managing a fund is complicated enough without having to build the infrastructure to have accounting and tax services handled also. Evan helps Funds stand apart from their competition by exceeding their investor’s expectations with high quality and timely financial and tax reporting.

Connect and follow Evan Vitale on his Google+ page here: https://plus.google.com/+EvanVitale1/