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The Foundr Podcast with Nathan Chan

116: How Eskil Nordhaug Raised $123,000 to Change Mobile Video (Crowdfunding Series Part 1)

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 2 November 2016

⏱️ 44 minutes

🧾️ Download transcript

Summary

The problem Eskil Nordhaug wanted to solve for people was simple. Videos taken with smartphones or small cameras are notoriously shaky. So he simply looked at the needs. He asked himself what it would take to build a company selling a mechanical video stabilizer that exceeded expectations—the kind of product consumers needed, the amount of money he would need, the coverage help press outlets needed, the info his project page would need.  The result was StayblCam, and it was precisely this needs-focused approach that led to a smash-hit Kickstarter campaign and the successful company that followed. Nordhaug says that the same principle can guide the way for any great crowdfunding campaign. “The most successful ones, generally speaking, are the ones that, there’s a need for it,” he says. “It solves a problem. It’s not just some fancy, weird thing that’s made for the sake of being made.” Crowdfunding appeals to ordinary people with limited funds, so they can’t back every project that breezes by. When people see your product, you don’t want them to shrug and think it’s neat. You want them to whip out their credit card and ask, “When can I get one?” If your product solves a problem that’s long-pestered people, they’re likely to do that. Don’t make something that people will want in on—make something that people need in on. Nordhaug shared with Foundr this golden piece of advice, and so many more related to running a successful fundraising campaign. “It’s about creating value for users,” Nordhaug says. In this episode you will learn: Why you need to start working on your campaign months before you even launch The correct way to figure out what funding goal you should aim for The best way to contact press outlets and start getting media mentions Paids ads. How and why you should use them What a great Kickstarter landing page looks like & much more!

Transcript

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0:00.0

This is episode number 116 with Esquil Nordhug of the Founder Podcast.

0:08.0

What you need is thirst.

0:09.7

You need to be a thirsty human.

0:11.8

Who is intent on learning.

0:13.8

It's a really fascinating exploration of human potential.

0:17.4

Now.

0:20.0

The Founder Podcast. Even the greatest entrepreneurs had help if you want to learn

0:26.5

from the most successful founders on the planet you are in the right place branson mark cuban

0:32.2

tony robin tim ferris ariano humphington go deep case gary v sophia homeroso ibra corkran

0:37.1

damon john learn from the greatest minds in business today with interviews host Arianna Humphington, Steve Case, Gary V. Sophia Amarosa, Barbara Corcoran, Damon John.

0:38.3

Learn from the greatest minds in business today

0:40.6

with interviews hosted by Nathan Chan.

0:42.9

This is not your average entrepreneur podcast.

0:46.5

The Founder Podcast.

0:53.6

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:59.7

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:05.3

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos, you name it.

1:12.3

We put out so much content to help you.

1:14.7

And another interesting project that we're working on right now is partnering with world-class

1:19.5

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:25.5

skills like negotiation, finance, e-commerce, and so much more.

1:31.7

So if you'd like to get access to these free trainings with founders like this, which is 100% free,

...

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