Welcome to our NEXT
Friends & Family Funding Round!
Many entrepreneurs get their start by borrowing money from those around them. This kind of “friends and family” support works well for some, but at skysthelimit.org, we know that plan doesn’t work for everyone. So, if your hustle needs more of a kickstart than your current circle can offer, we’re here to help broaden your friends and family network by connecting you with our community of skysthelimit.org donors who are looking to support young entrepreneurs like you!
Skysthelimit.org’s “Friends and Family Fund” provides startup grants up to $2,500 to selected young entrepreneurs in our community. The total granted amount is dependent how much you request. These grants must be used for business expenses, and we will require updates on how the grant helped your business. But, unlike a loan, you do not have to pay it back.
Invited participants will create a campaign page to pitch our donor community on their business idea. Donors will vote for their favorite campaigns by awarding coins. At the end of each month, the campaign with the most coins wins!
What is the Friends & Family Fund?
Step 1: Become eligible
In order to be eligible you must:
Be registered on the skysthelimit.org platform
Have launched your business, completed Launch4, or submitted an equivalent demonstration that you are prepared to launch
Have demonstrated engagement in our community by actively working with our skysthelimit.org volunteer community
Step 2: Complete your campaign profile
Sign in at skysthelimit.org, and click the “Edit Profile & Campaign” button in the top banner.
You must fill out all sections of your campaign profile.
Complete your campaign page, including:
The line-by-line breakdown of how you would use the funds with a total not to exceed $2500
Updated banner and profile image. For the profile, an image of you is preferred, but you could also use your logo, a product, or something else related to your business. Your background image cannot be the default cloud image. You should upload an image of something related to your business. Remember: This is the first thing donors/voters will see. It's important to use a quality image here. Let me know if you need help finding one.
You must have a pitch video. Your video can be shot "selfie style" on your phone, and your video must:
Include an introduction. Please remember to tell us your name, where you're from and your business name.
Include your pitch statement and tell us anything else you want to about the founders or the project.
Be between 1 - 2 minutes, and should be uploaded to YouTube. If you don’t want other people to find it, mark it as unlisted. (Please don’t mark it as private or disallow embedding, or we won’t be able to see it.)
Should contain nothing except the founders talking. No screenshots or postproduction. This is not a video making contest.
Please do not read directly from a script or try to memorize your script. Just speak spontaneously and genuinely as you would to a friend.
Not have any background music to your video. Again, it’s not a video production contest.
Please review our Pitch4 Video Guide for more information on creating a pitch video.
When you have completed your campaign page, email email@example.com and we will review your campaign to determine if it is ready to be published.
Step 3: get votes!
We’ll be in touch periodically with tips on how to improve your campaign, but here are the top two ways:
Create a compelling Pitch Video
Ask your existing network to donate $1.00 or more to vote for you and help support young entrepreneurs like you. This is not required, but the more participants we have the stronger our skysthelimit.org Friends & Family Fund will be! NOTE: Any votes you receive in a round you don’t win will roll over to the next round.
How it works:
Current Funding Round Timeline:
current round opened on March 1, 2019
current round closes on March 31, 2019
Winner will be announced first week of april 2019
Next round begins first week of april 2019.