We're helping fulfil crowdfunding's promise of being a democratic, accessible way for small businesses to get funding. Current platforms are equity-backed, so they focus on projects that give them the best return - with high barriers to entry and often policies that all but shut out developing countries. We want to crowdfund crowdfunding. Our early backers are token holders, not equity holders, so they want an expansive platform that values a community project in Kenya as much as it does a tech project in California. The Acorn platform will be completely free to use in any country and for any legal purpose. With crowdfunding overtaking VC's as the most popular way to get funded, and with a growing appetite for entrepreneurship in developing economies, there is a huge and proven market. Our team includes the ex-CTO of crowdcube, the worlds largest equity crowdfunding platform, along with Ian Scarffe, Desmond Marshall and an experienced commercial team. We'll partner with successful accelerators globally to make free reward crowdfunding a reality. Please refer to the website for more the technical whitepaper.
The Acorn Collective is using blockchain to help founders and startups find access to funding. We provide crowdfunding that is accessible, transparent and more likely to succeed.
It's a huge and growing market in the West and a largely untapped market in most developing countries.
- Accessible Crowdfunding
We are more accessible than any other platform by allowing all countries and listing any legal & ethical project. Where other platforms charge 5-10% just for the crowdfund, we’ll do it for free. Our flexible funding structure means founders do not need excessive seed capital. Accelerators will help to introduce, vet and mentor projects.
- Project Success
Our Crowdfunding Engine improves campaign success rate. It provides the tools to execute successful crowdfunding campaigns, the statistics to make the right decisions and access to lists of backers with a proven history of supporting similar campaigns. Smart contract milestones can be used to release funds early.
- Blockchain Transparency
Blockchain provides full transaction transparency, resulting in increased trust and a higher crowdraise for the founders. All transactions are done via OAK, an Ethereum token. Projects’ spending can always be tracked, in turn making backers more willing to support a campaign with more money.
- Acorn Marketplace
An integrated Acorn marketplace provides campaign services from Acorn and 3rd parties. Post-crowdfunded projects have immediate access to list their own service or project on the marketplace. Founders will have optional premium access to data about backer trends and past campaigns to make the right decisions about their campaign. This improves success rates in the campaign and post-crowdfunding delivery stage.
- Attractive Tokenomics
OAK is a fixed supply ERC-20 token that is used in all transactions within the Acorn ecosystem, from crowdfunding, marketplace spending and external purchases via the Acorn payments gateway. Real utility means real demand for the token. The regulator has been notified of our ICO and has no objection to our legal advisor’s classification of our utility token.
- Early Incentives
The Project Incentive Fund, made up from a proportion of the ICO, provides generous and early incentives for backers and founders to join Acorn and adopt the OAK token. By rewarding projects to join our platform, we promote the rapid growth of the Acorn platform, as each crowdfunding campaign in turn recruits new users into our ecosystem. 300+ projects are already registered.
Good team with diverse backgrounds and personalities. Interesting idea, that can serve locals and less developed countries, where traditional crowdfunding platforms may ignore them.
Technical paper is good starting point of how all this can be fulfilled (still early version 0.4). Every participant can see actual work is put on visualization of processes, flows,etc.
Creating a global field for crowdfunding is favorable intention, still Pre-ICO is coming soon, and we expect to see more from these guys...
Solid advisors. What is the product? And there are no financials in the wp, altogether it all looks very theoretical
Solid team! Great project!
Solid team I believe. Still not sure about how to determine if a project is not acceptable or legit. Wish you all the success.
whitepaper requires more specific detail on project approval process as it is very vague in terms of who the ethics and compliance approval board will be and the vetting criteria to be used.
Good luck with the project.
Team is solid
A strong team with diverse team members bringing experience from a lot of different areas including medicine and hospitality. I love the idea of opening up crowdfunding to a much greater audience - especially in developing countries. And I like the idea of eradicating the traditional crowdfunding fees - just cos people donate does not mean the project can afford to lose 5% of income plus the charges. I wish this project very well!
The ICObench contains very few ratings followed by comprehensive reviews. When assessing projects experts just give them marks without explanation or analysis. I write a review for those people who would like to understand the main idea of a project, get to know the key features, pros and cons of the White Paper, website, benchmarks and indicators of the ICO. If after reading a review you get interested in the project you can make a thorough study of it.
Crowdfunding is a form of alternative finance, a practice or method to raise a desired sum of money from a large group of people via the internet, utilizing the social media version of fundraising. This model is typically helping businesses, artists, musicians, entrepreneurs and many others to raise a large amount of money by persuading individuals ito donate to their projects, products or services. Crowdfunding campaigns are more successful today as compared to the normal investment methods and have witnessed funds flowing in billions of dollars for crucial projects. Pledgers have been seen to donate anything between $1 to $10,000 for a project cycle. More and more people are turning to crowdfunding to raise small or large funds from donors online, growing into a multi-billion-dollar charity industry. With an approximate 600 crowdfunding platforms all over the world, crowdfunding raised an estimated fund of $530 million in 2009, $1.5 billion in 2011, $2.7 billion by 2012 to $6.1 billion by the end of 2013. 2014 saw companies and individuals raise nearly $16.2 billion through crowdfunding, which was 167% more than what was raised in 2013. The crowdfunding statistics for 2017 reports a global amount of $34 billion raised. The projection of the crowdfunding industry is expected to grow over $300 billion by 2025. It is really a whole new world of investment. With online crowdfunding platforms, entrepreneurs and small businesses can seek funding for various inventions and projects from unaccredited investors. This new fundraising model helps startups and entrepreneurs find the capital they need to launch a business. Moreover the crowd is actually a great option for people to raise money from. That is because when you convert the crowd into investors, they will automatically be your marketers, your evangelists, and will really do good work in terms of getting the word out on your company. Today, major crowdfunding platforms like Kickstarter are widely popular, but they don’t operate worldwide. Acorn Collective promises to change the face of crowdfunding using blockchain technology. The Acorn Collective is seeking to raise up to $50 million (the pre-sale funding target is $5 million that allows to create an MVP) to develop a new platform which will make crowdfunding globally accessible and free to all legal start-up projects, irrespective of their geographical location. By funding through an ICO and utilising the Ethereum blockchain, the Acorn Collective will eliminate the traditional 3-5% transaction fees and 5% platforms fees normally associated with other crowdfunding platforms, such as Kickstarter and Indiegogo or digital currency based platforms such as KickICO and FundYourselfNow. Acorn will also contribute to projects by providing a selection of fee-based services. Those services include all of the following - legal assistance, marketing, sourcing and manufacturing, technical help including the development of web, mobile, and blockchain applications, accounting and taxes, translations. During the ICO, a fixed number of Acorn tokens, OAK (ERC-20 standard token), will be made available, which can then be used for all transactions on its crowdfunding platform or for exchange of additional value-added services such as the post-campaign marketplace, marketing support or point-of-sales payment application. The OAK token allows for cheap and fast transactions within the Acorn Collective ecosystem, including all transactions between backers, companies and consumers through a single token. There is a fixed supply of 90 million OAK tokens. 80% of the total supply is reserved for ICO contributors, 16.66% is reserved for the company (under time lock for up to 2 years), and 3.33% is reserved for bounties and community rewards. The OAK token will also have token growth and stability mechanisms. These tools are designed to support OAK prices. The WP is actually well written and does a good job in transmitting the main concept and there is a lot of background information to provide a backdrop to the reasoning behind this project. There are also shorter versions - “OnePager” and “Technical Paper” (19 pages) documents on the website, essentially explaining the problem and the solution proposed by Acorn Collective platform. It is worth noting that there are 135 registered project founders who are already waiting to be crowdfunded on the platform. The team behind Acorn was formed in Q3-Q4 2017. The WP lists a core team and advisors of 22 persons with finance, technical, marketing and commercial expertise. The project is backed by the community in the Telegram chat (more than 2,300 participants), Twitter (around 7000 followers), Facebook (more than 11000 followers). There are also threads in the Bitcointalk forum. Overall, it’s a good idea, nice vision and I hope that the project with this experienced team will be successful. Acorn’s ICO is underway until March 2018.
Yet another crowdfunding.
The team looks solid, but the project itself doesn't create any additional value to existing solutions.
What we need is not an another global crowdfunding platform but a easy and convenient way to connect local businesses with local community and help them benefit from this bond.
This is a Solid management team with a proven track record of success in the financial and technology space. While I believe it is a worthy project, with so many new ICOs hitting the market we must ask ourselves, is this really a project for the blockchain? The main premise is that they will make crowdfunding free. However is this a real problem? Especially in light of the fact that they are essentially raising free money through donations. Current web based platform competitors like Kickstarter only charge between 3-5%. This is about the same amount that someone would pay to convert fiat currency into cryptocurrency if they needed to move money over to support their projects. In addition, with them providing more access to groups to raise money, there is the concern that you will have to few altcoins chasing to many projects and many projects will struggle to get funded and you will have a small few that will be successful. That said, It will be very interesting to follow this and see if the team is able to pull this off.
Great Vision, Good team. There needs to be more projects like this one (projects that help the blockchain community grow).
Crowdfunding will be a huge asset, its real world use case has proven to be 100% effective, excited to see the success of this particular one!
No one has crowdfunded crowdfunding yet
- The platform is not ready yet
- White paper clams that service will provide "free and open to any legal project in any country" which is deceiving in my opinion as every country has absolutely different laws regarding crowdfunding and investments. It's simply impossible to make it work in every country;
- In my opinion, the CEO is not experienced enough for large-scale international project like this. Founder has LinkedIn profile with only 2 job places: Resident of the Hospital (from 2014) and Acorn Collective since June 2017. Quote from CEO profile: "Having launched web businesses and run successful digital marketing campaigns for a decade, Moritz believes technology brings business within reach of everyone, everywhere" - it's unclear what businesses he has previously run;
- The rest of the team and advisory board look solid.
- Product is not unique, provided service is moderately competitive. The service could be easily replicated by competitors. At the same time platform tries to solve serious market problems and has its demand
- In compare with similar projects, Acorn Collective token economics is not so attractive: it has significant bonus disproportion between late and early token buyers.
- Weak marketing video
Free and Democratic crowdfunding in any country with experienced adviser, looking forward to the platform.
I look forward to seeing the platform! Acorn has an awesome team and look forward to some big news from them!
+ strong team and advisors
+ clear vision and mission
+ high ambition
- mvp missing
- few facts and figures
- video could be better
bottom line: recommendation
Good team with strong advisors and a good vision of how this project can influence the community. Woudl like to see a more advanced version of the product soon
Great team and advisors. But too many competitors now and in the future.
Since they have made some changes in the pitch here to address some of my criticisms I have upped the score.
Previous commentary below
You really should be talking about crowdfinancing, not crowdfunding if you are saying "most current platforms are equity-backed". Because most crowdfunding projects on Kickstarter and Indiegogo and are not being run under Jobs ACT crowdfinancing laws. A bit of a weak start in your pitch because what you are saying is not really true. Most crowdfunding platforms are using the 'donation' model where you might get product or swag, but you don't get equity.
My job is to critique and help with my opinion and this is not a hit piece. I think the team is very very strong.
The Whitepaper is more like a 'lightpaper' - there's no algorithms or math. It's a deck if you ask me. Nice healthy distro for the pubic though - at 80 percent, but I hope you have enough to build product and keep it running afterwards. It's not about greed it's about allocation and ensuring you have enough capital yourselves to reward you for your hard work and ensure there's budget for product, marketing, management etc. You are going to need a lot of marketing money to get traction in the market. I don't see this raising 100m - the hard cap - in it's current form. And opting for a "possible" second tranche if you don't meet 50m might cause some reticence for some investors... when many ICOs burn the unsold tokens or redistribute to original investors.
I will up the marks if you improve the pitch.
Oh and Toomas - while you brag about your lengthy review - it appears you have plagiarized parts of it from:
At least according to a Google search for:
"Crowdfunding is a form of alternative finance, a practice or method to raise a desired sum of money from a large group of people via the internet, utilizing the social media version of fundraising."
That's not a review, that's theft of intellectual property and another writer's work. I am a writer so quite conscious of plagiarism. You need to give credit to your sources or it looks like you are stealing.
good idea, good team.
Simple USP, dare to give FREE and OPEN to all
That crowd funding is going to play an important role in the society of the future cannot be denied. With Acorn Collective, the entry barrier to the activity is kept to a minimum thereby getting the involvement of the most people.
This is bound to create a deeper penetration of the funding option as well as get people involved in social causes even more.
In fact the very field of Venture Capital needs to have a relook to the manner in which funds are collected for the reason that crowd funding can make the raising of seed capital all the more easier.
On the flip side, the technology in use is still to be proven in the long run but from the initial promise, there can be little doubt that this is the fund raising option of the future.
One of the few teams with an MVP in the works - which is commendable. Great team, too.
Visions needs to be work upon. As @Richard said there is difference between Crowdfunding and Crowdfinancing. Please improve upon pitching. Project looks good.
The team looks strong and experience from my point of view. Also the project is very promising with good chance to succeed in the market.
I'm expecting big news from this.
Acorn Collective have a very strong team and advisors on their board coupled with realistic vision and product that have 300+ registered projects and a relatively fast development of MVP. Interested to see the developments through the partnership with Bancor.
A straight forward idea with a decentralized market place for crowdfunding. Not only that, Acorn will have a secondary market place where you can buy services that you have seen on the platform. This means that there is a purpose with their token. It makes sense. There are many ICOs that are money grabs. Acorn is not one of them!
I dont really see anything new here compared to some of the other platforms. I have a numbers of concerns, founders pool can be up to 20% in the white paper and that is a lot without disclosing how the vesting works and what the KPIs are and ladders for the founders. I would like to understand the type of premium being discussed for insuring investments as gut feel would suggest this is not workable as the udnerwriter will price it too high. I dont see so much upside on token, there are so many areas of downside pressure , the companys receiving OAK who then sell it (the liquidity reserve to hedge that wont last long..), they will use Bancor so will use company reserves again to protect the channels on the buy and sell side. I can see company reserves being wiped out very fast with this model plus Bancor. Its also a lot fo money for dev etc on the raise when you look at teh type of tools being talked about , I owuld be more confident if I saw a lot more allocated to legals and reg if they are truely going to go global. Don't really understand the hype on this one
Team: Good team with diversification
Vision: Great vision but the starting price for ICO in the context of the market is a bit high.
Product: The showcase looks promising but the is one point that I am concerned is how to ensure its buy-in globally especially start-ups from developing countries?
Solid vision and great team. I like the simple and easy to understand website/whitepaper and other materials. There is a good market for this product if timeline is followed properly. All the best guys.
I like the look of this.. Crowdfunding is a natural evolution for the Blockchain, this could work..
To distribute the market more globally is an exciting project.. There's an argument that this model would have worked more efficiently on the Stellar blockchain but all in all this is a solid project
well done team
I would like to see more financial details and information about the product, however it’s a great team with a great vision. Solid project overall in my opinion! Hope that the project is successful. Good luck to everyone at Acorn!
Acorn Collective, commonly called just ‘Acorn’, is a crowdfunding platform with the mission to provide “free crowdfunding for any legal project in any county.”
Pretty high cap and I feel that the team is lacking some experience. However, the team together with the advisory board provides a pretty well-established and adequate total picture.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.