These days, crowd funding or crowd sourcing is becoming increasingly popular. DesignCrowd is an up and coming business where users or businesses can essentially crowdsource website, logo, and graphic designs to use and implement for themselves. Adam Uzialko got the chance to interview and learn from DesignCrowd's CEO, Alec Lynch, and he was able to discover some fascinating pieces of information about the business.
One of the thing's that Alec started off with is essentially what purpose his business serves. What DesignCrowd does is provide a place where businesses can submit logo or website plans, and designers worldwide can submit their creations for clients, providing a safe and convenient way for these two entities to communicate and do business. Alec started his business in 2008, and he could see that many businesses in a variety of industries struggled with the whole design process, which is when he realized the potential for DesignCrowd. To start up his business he poured a lot of his own funds with help from friends and family, and received his real boost from 4 angel investors. Throughout the entire process he was able to build up 12 million all from Australian investors. DesignCrowd's solid team and revolutionary idea has built them up to make around 20 million in revenue a year, and Alec is only looking to increase these numbers and expand the business. His advice for entrepreneurs is to start now, theres no reason for hesitation, you may never know what potential or possibility your idea could have.
By: Cole Dolan
Uzialko, Adam C. "Behind the Business Plan: DesignCrowd." Business News Daily. N.p., 06 Nov. 2015. Web. 08 Nov. 2015.
No comments:
Post a Comment