Kevin Morris, Wavemaker CFO explained why he likes crowdfunding at the OttOmate Pizza Automation Event last November. People who do crowdfunding really love it. Given all this crowd activity, should you skip the venture capital dog and pony show and dive into the crowd? Well… maybe ? Blendid, Small Robot Company, Zippin and Flytrex have or are running crowdfunding campaigns as well. On the other hand, Wavemaker certainly has the experience running these types of campaigns and if anyone can pull it off, it’s probably them.Įquity crowdfunding is quite popular in our little corner of the world and Wavemaker isn’t the only company doing them.
#Wavemaker stock full
Wavemaker is essentially running five full time campaigns right now. You need a steady stream of ads, webinars and more to not only attract potential investors, but get them to pony up.
Wavemaker is filled with smart folks who know what they are doing, but this seems like an awfully big hunka cheddar to bite off.Įquity crowdfunding takes time, money and a lot of work. Let’s see… that’s (does math stuff, poking fingers in the air, carries the one) - $110 million smackeroos in total that Wavemaker is asking the crowd for. And, Wavemaker’s joint venture with C3 for its all-in-one Nommi kiosk is also working to crowdfund $20 million. In addition to those three campaigns, Piestro is also already in the midst of a separate campaign to raise $10 million for its 800 Degrees GO joint venture with 800 Degrees pizza chain.
Piestro (which had raised more than $5 million via the crowd) is back to raise $20 million.Ībundant Robots, which makes apple harvesting robots and which Wavemaker acquired the IP of last year, aims to raise $20 million.īut wait! As Ron Popeil used to say, there’s more!
And they aren’t just going back to the crowd, these startups are all asking for big moola.įlippy parent Miso Robotics (which has already crowdfunded $50M), launched a campaign to raise another $40 million. Wavemaker portfolio companies Miso Robotics, Piestro, Future Acres, and Bobacnio have all run one ore more equity crowdfunding campaigns over the past few years.īut even I was taken aback when not one, not two, but three different Wavemaker companies all announced fresh equity crowdfunding campaigns within a 24 hour window this week. Food robotics incubator Wavemaker Labs has been a big believer in equity crowdfunding as a capital raising mechanism for a long time.
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