Are we hunting Dragons?

Here we go. Dragon’s Den came and passed, it was not that bad.

On the contrary, it was quite exciting. After working that hard on our idea and on how to handle the team work, then our product and prototype, materials and costs, the brand and experience, finance and price strategy – from stitching to Excel let’s say – we have been given the opportunity to speak in public about our vision. The purest and simplest thing ever if you believe in your product.

A Pitch is made of a mix of good objective arguments, like marketing  strategy and figures, and an emotional story; and to be honest my biggest fear was not to be able to connect with the audience, that the Dragons wouldn’t get how we feel and how we believe people would feel about flI. (this is the name of our “resting device”, you’ll have a whole post introducing our creature in a while).

“I don’t have kids but I would never spend money on something like that!”, this was the feedback from one of the Dragons as regards the LITTLE STEPS team‘s product “Ella”. A mattress for kids, targeting – obviously – concerned mothers traditionally willing to pay crazy amounts of money on their children well-being.

The question  – and it’s a pretty scary one – is: What if your investors are not your target?

You can still persuade them with great figures, a team with an untouchable reputation and an accurate market research, but where is the Magic then? And moreover, it would be much simpler to convince them if they could perceive the experience, the added value, behind the actual object.

As creatives we don’t do what we do just for money, there are things we value sometimes more then that, such as reputation, recognition  and attention. The Psychic Money is what makes our business OUR, it’s our motivation.

Probably, in the current scenario, we should look for investors that can appreciate and understand what we are doing, that are willing to be part of the team, not just part of the business. I guess it’s one of the main motivation to choose crowd funding on a traditional investor, but then you could miss the opportunity to have a mentor or just someone with a different background and expertise that can help your product and idea grow.

This is just one more question to add to the crowd of questions we already have about starting a creative business and I’m more and more sure every day that there is no right answer. We are living in the world of Today trying to follow the rules of Yesterday. How Money and Creativity can coexist is the biggest challenge and finding at least a path to follow – not a magic formula – will leads us closer to a Brand New Economy.

Today is as close to Yesterday as it is to Tomorrow. Just choose a side.