“Crowdfunding enabled us to turn a shared vision into a tangible financial commitment” says Robert Woodford, Marketing Director for Deep Time Walk

Schumacher College in Dartington, South Devon seeks to inspire, challenge and question people as co-inhabitants of the world. They are an international centre for nature-based education, personal transformation and collective action. They offer a range of residential courses on ecological themes and transformative courses for sustainable living.

A number of co-creators from the college developed the Deep Time Walk App which provides a walking audio history of the living Earth, giving people a detailed and dramatised experience of the planet’s 4.6 billion year history.  During this educational walk, people walk a distance of 4.6 kilometres whilst listening to the Earth’s story (via the app) and are encouraged to connect their own short-lived experience of time on Earth with the vast expanse of geological time.

The college needed funds to complete development of the app and with revenue generated from the sale of the app hopes to raise sufficient investment to fund a number of bursaries for the college. On World Earth Day in April 2016 they set out to raise £21,000 on reward-based crowdfunding site, Crowdfunder.co.uk.

robert-woodford-from-vision-to-financial-commitment-websiteHatty Fawcett, experienced crowdfunder and Founder of Focused For Business and Crowdfunding Accelerator, asked Robert Woodford to share what he learnt from this crowdfunding campaign and to offer advice to others thinking about doing crowdfunding.

“Schumacher College has a strong alumni who share the Deep Time Walk ethos and vision for the world…it was a project born out of the work of the college and it was natural for us to reach out to this pre-existing community for support”

Hatty: What attracted you to crowdfunding?

Robert: Schumacher College has a strong alumni who share our ethos and vision for the world. Many of our alumni had undertaken the physical Deep Time Walk at the College (from which this project arose) and so had a strong affinity for the project. It was natural for us to want to talk to this pre-existing “crowd” (via a mailing list of 17,000 people) and share our vision. Crowdfunding enabled us to turn a shared vision into a tangible financial commitment of support for our project.

“It proved crucial to have advice upfront …we would have missed out if we hadn’t had all the elements of the campaign lined up well in advance.”

Hatty: How did you approach your crowdfunding campaign?

Robert: We did a wide review of best practices associated with crowdfunding and spoke to a number of people that had already managed a campaign, including yourself Hatty – your advice helped us think about the common pitfalls involved in the process of crowdfunding. The team at Crowdfunder were also a great help in providing support and advice both before and during the campaign. It proved crucial to have this information and advice upfront because, once live, the campaign moved very fast and we would have missed out if we hadn’t had all the elements of the campaign lined up well in advance.

I have to say, it was tough work and enduring attention to detail was needed in the weeks up to launch and then constantly throughout the campaign. Gruelling but rewarding!

“Crowdfunding takes longer than you might think. It’s gruelling but rewarding!”

Hatty: How long did it take to prepare your crowdfunding campaign?

Robert: We starting thinking about our campaign six months before we went live, and then planning started in earnest three months before. Crowdfunding takes longer than you might think. We’d expected to launch about a month before we actually did. It was the right decision to delay the launch as it meant we had everything lined up and, importantly, we secured upfront financial commitments which ensured the campaign was a success.

“The biggest challenge was getting the timing of these pre-pledges lined up with the actual day our crowdfunding campaign went live.”

Hatty: How much of your campaign target had you had promised by the time you put your crowdfunding campaign live?

Robert: We had about 20% ready to be pledged before we went live. The biggest challenge was getting the timing of these pre-pledges lined up with the actual day our crowdfunding campaign went live, and then timing the push out to the wider support base after this.

“One thing that worked really well for us was having incentives that were, effectively, limited edition.”

Hatty: What advice, tips or successful tactics would you offer to anyone preparing for crowdfunding?

Robert: Planning is essential – I can’t stress that enough– as is keeping the momentum going throughout the campaign.

One thing that worked really well for us was having incentives that were, effectively, limited edition. The rewards were also of high value to our target base for support. We made exclusive audio recordings with Satish Kumar, Martin Shaw and Stephan Harding, and provided an set of lectures which totalled over 4 hours. We also have put in the effort to produce an exclusive book and audio cd, which was attractive to potential supporters. And, we would only release a certain number for each reward category and when these were taken, that was it, they were gone. This encouraged people that visited our crowdfunding campaign to pledge, there an then, whilst they were on the site. If they’d waited the reward might have run out.

We used several tactics here:

1) We kept the number of each reward low so that people were encouraged to pledge before a reward ran out.

2) We offered an incentive that the first 50 people that pledged would receive access to an early version of the product, which really helped bring in the early pledges.

3) Half way through the campaign, we launched a match-fund campaign, which brought in a substantial mid-boost to our crowdfunding campaign. It worked so well it enabled us to add stretch targets which provided further momentum to the project.

“We launched a match-fund campaign…and what started as a £1,000 commitment became an £8,000 investment.”

Hatty: How did the match-fund incentive work?

Robert: Essentially, I got three donors in place who each promised to contribute a relatively large sum if we raised matching funding through the crowdfunding site. It was difficult getting the first major donor but, once we had one on board, it was easier to encourage others. The first donor offered a commitment of £1,000 if we could match it through the crowdfunding site. I then got a commitment of a further £3,000 from another two donors. This created a theoretical match-fund pot of £4,000. All we had to do was raise the same amount of money through our “crowd” and that would trigger the match-fund investment. Our wonderful “crowd” came up with the goods on the same day we told them of the initiative! So, what started as a £1,000 commitment became an £8,000 investment. In fact, we actually went over the target amount before the match-fund was pledged and so we pushed on to reach towards our stretch target. Originally we’d hoped to raise £21,000 but we actually raised over £26,000.

Match-funding really incentivised our crowd and our match-funders were excited by it too. They felt they were doing something special which boosted support generally.

“We’re no longer a team of eight, but a community of 267 with a common passion and commitment to the project”

 Hatty: Would you do crowdfunding again?

 Robert: Yes, it’s an exhilarating if sometimes stressful ride, and it was wonderful to be part of a project that not only delivered the investment, but also has the potential to change people’s perspective on their place in the cosmos and how Earth formed over 4.6bn years.

Perhaps even more importantly, we’ve created a growing community around this project. And that’s more compelling than the app on its own. We’re no longer a team of eight, but a community of 267 with a common passion and commitment to the project and it’s potential to give anyone, anywhere on the planet a perspective of deep time and where they came from”. If we nurture this relationship there are lots of opportunities down the line to do other things.  Now, that’s exciting!

To find out more about the Deep Time Walk, visit deeptimewalk.org or join them on their facebook page at www.facebook.com/deeptimewalk

**************************************

Is your Startup ready for investment?

Take the Startup Investment Scorecard to discover if your Startup is ready for investment. Start here

Latest Blog & News

Your most important investor document is not your pitch deck (it's your Executive Summary) banner

Your most important investor document is not your pitch deck (it’s your Executive Summary)!

Do you obsess about your Pitch Deck? Spending hours tweaking it to ensure it gives investors the information they need? Most founders do. A
Mentor blog: How an advisory board makes it easier to raise investment.

How an advisory board makes it easier to raise investment

Julia Elliott Brown, one of our trusted and expert Funding Accelerator mentors, recently led a workshop which introduced the concepts of formal and advisory
How to evidence your market size with research.

Market research for pitch decks and how to evidence your market size

Gideon Barker, founder of Customer IQ and one of our trusted Funding Accelerator mentors, recently led a workshop about how to use market research
Why having a co-founder can make you more appealing to investors.

Why having a co-founder in your startup can make you more appealing to investors

The journey to securing investment is often a challenging one. But, there’s a strategic move that might just tilt the scales in your favour:
problem and solution slide banner.

How to show the problem and solution slides in your pitch deck with a customer journey

Framing the issue – or societal/customer problem – that your startup is tackling, and how it solves that issue, acts as a hook to
Funding for startups: How to raise bridge funding.

Funding for startups: A guide to bridge funding

Pre-Seed, Seed, and Series A are all terms that are probably familiar to you if you have, or are looking to, raise funding for
Redefining angel investment for female founders

Female Founders: Redefining angel investment to inspire inclusion

Friday (8th March) marks International Women’s Day (IWD) with this year’s campaign theme being ‘InspireInclusion’. I can’t help but feel despondent though, last year
What angel investors look for in startups.

What angel investors look for in start-ups

Angel investors play an important role in the growth and expansion of startups. According to the 2021 Scale-Up Institute Annual Review on the State
Pitch deck: Go to market slides banner.

Pitch deck: How to include your go-to-market strategy

A ‘Go-to-market’ (GTM) strategy is a must-have in any pitch deck. It’s where founders showcase their approach for entering their market successfully, and the
Startups Magazine article: How to build confidence before pitching for investment.

How to build confidence before pitching for investment

Presenting is often cited as most peoples’ “greatest fear”. It’s unsurprising then that founders often lack confidence when pitching, especially if pitching is new
Future-proof your startup with engagement marketing.

Master engagement marketing: and you’ll future-proof your startup

Investors expect a clear, well-targeted startup marketing strategy if you are going to attract their investment. But, pre-funding when you are still in “hustle
Startups Magazine: Networking with startup investors banner.

Networking with startup investors: 5 tips to network successfully

Raising equity investment becomes easier when you pitch to startup investors you have previously engaged with or spoken to, or have been introduced to.
Looking for startup investors? Our guide will help

Looking for funding? Here’s your step-by-step guide to finding startup investors

Starting a business is exhilarating, but finding the startup funding to fuel your dreams can be a daunting task. Not only will you have
Startup Funding: A guide to navigating the funding journey

Startup funding: A guide to navigating the funding journey

One of the most frequent questions we are asked is “What’s the best way to fund my startup?” Startup funding doesn’t have to mean
Hatty Fawcett, Finalist in the Great British Entrepreneur Awards 2023

What being a finalist in the Great British Entrepreneur Awards has taught me

My weak spot is I don’t like talking about my achievements. I think it dates back to my childhood when I was told not
How to choose your cofounder

Choose your startup co-founder wisely

So you’ve had a light-bulb moment, a world-changing idea – you’re excited and want to share it with the world. But where do you
Whats the best way to fund my business

“What’s the best way to fund my business?”: Ten founders give the lowdown on the best way to fund your business

One of the fundamental questions, and perhaps the most frequently asked when it comes to business growth, is “What’s the best way to fund
Funding Accelerator Mentor Elliott Gaspar explains what investors look for in a financial forecast for investors

3 Things Investors Look for in a Financial Forecast: The Perfect Blend

Much like brewing a delicious cup of coffee, a compelling financial forecast for investors requires a complex blend of data, strategy, and storytelling. It’s
How equity investors can better support underrepresented founders

How equity investors can better support underrepresented founders

Raising equity investment is a challenge for any startup, but especially for underrepresented founders. They don’t just face “the usual” questions about their business,
Raising investment in difficult economic times

Raising investment in difficult economic times

It’s tough raising investment right now. There are fewer investors and the amounts being invested are smaller. How should startups respond if they still
Jennifer Anderson explains how to weave storytelling into your pitch deck to keep investors' attention

How to weave storytelling into your pitch deck to keep investors’ attention

As founders we’re told to weave storytelling into our pitch deck, but we are not always told why. Luckily Pitch Coach and Funding Accelerator
Is equity funding the best option for your startup

Is equity funding the best option for your startup?

Equity funding isn’t for everyone. When you sell shares in your business you are, effectively, entering into a long-term relationship with your investors. Investors
Funding Accelerator mentor Tracey Rob Perera shares 3 things angel investors look for in your startup valuation

3 things angel investors look for in your startup valuation

Funding Accelerator mentor, Tracey Rob Perera, shares 3 things angel investors look for in your startup valuation. Tracey Rob Perera is not only a
Hatty Fawcett talks to Finance Digest about how - and why - to build productive relationships with your investors

How to build productive relationships with investors

You might think closing a funding round is the end of a journey. In fact, its just the start! Now comes the hard work
Funding Accelerator Mentor Chris Booth shares how to expand your team without it costing more

How to expand your startup team without it costing more

Funding Accelerator expert mentor Chris Booth of Findrs explains how to expand your startup team (and extend your headcount budget) by using AI. When
Hatty Fawcett Adviser of the Year 2022

Start-up funding adviser, Hatty Fawcett, wins Enterprise Nation Adviser of the Year 2022/23

Over the last few months, start-up founders and small business owners across the UK have been voting for the best and brightest business advisers.
How startup accelerators increase your chances of funding

How startup accelerators increase your chance of funding

While I’ve written before about the benefits of joining startup Accelerators (find out more here), now seems like the perfect time to revisit the
unit metrics that attract startup investors

3 unit metrics that attract startup investors and build a compelling story of growth

Did the conversation with potential investors fizzle out at the financial stage? It’s not just the vision, but the focus on detail that secures
Panel members at How to find and impress investors June 2022

How to find investors, and impress them

Have you ever wondered what it takes to find and impress investors? Well, who better to ask than leading VCs and angels themselves! Earlier
financial-forecast-charting-growth-1200-1

Investing your time where it counts – the numbers

How the right financial forecast is crucial to unlocking startup investment If you’re looking to secure startup investment, it’s inevitable that at some point
Find-investors-by-Herbi-B-from-pixabay

How to find investors for a startup…quickly!

A recent report from Beauhurst and SFC Capital* reveals that it takes, on average, 15 months to find investors for a startup and close
Should you raise startup funding from family and friends no words

Should you raise startup funding from friends and family?

So you think you need to raise funding for your startup? You may be right, but before you begin to raise startup funding from
7-Essentials-that-unlock-startup-equity-investment-600

7 Essentials that unlock Start-up equity investment

Start-up equity investment: Investors look for 7 Essential ingrediants when deciding whether to back a start-up – or not! Be succinct to get attention
Financial savings mechanism. Piggy bank formed by gears and cogs

Traction makes it quicker to raise funding for a startup

So you want to raise funding for a startup? To succeed, you’ll need to speak the language of investors. Investors will ask “how much
7 mistakes that stop you raising investment for your startup no words

7 Mistakes that stop you raising investment for your startup

Startup founders are resourceful and move quickly but sometimes that haste can work against them. They make mistakes. When it comes to raising investment
Doors within doors kilarov-zaneit-KjqNGd0sCTQ-unsplash

Why your executive summary is your most important investment document

When seeking investment for your business it pays to think like an investor, giving an investor the information they want rather than telling them