Umergence - Feedback

Too many startups fail
According to the Small Business Administration, over 700,000 new businesses are formed in the US every year. Of those, 50% will fail within 5 years and “insufficient capital” is the #2 reason, second only to “lack of experience." *

Lack of accessibility to resources
Incubators and accelerator programs are limited to people within the cities they reside.  There isn't a space where ideas or business plans could be evaluated by their potential consumers online before execution. 
 

Lack of Support for Idea Generators
Many people and organizations we encountered such as SCORE.org have massive communities a lot of experience in running businesses and are offering their services to help new aspiring entrepreneurs but do not have a platform to help.
 

Fragmented MarketPlaces
Existing Crowdfunding sites are niche markets and only offer either donations, or rewards or securities.

Lack of Adequate due diligence and adequate transparency for investment deals
Many popular crowdfunding sites do not provide enough due diligence and adequate transparency to their deals.   Unfortunately, the outcomes of these problems will not be seen for a couple years and could potentially tarnish the crowdfunding industry as a whole.

High Cost of executing Campaigns
Running a crowdfunding campaign takes a lot of time and money to execute.  Less than 1/3 of crowdfunding campaigns reach their goal.

Expensive and Complicated filings
Regulatory filings are expensive and complicated for issuers to navigate. 

Too many failing Campaigns
There is a direct correlation to the numbers of followers, friends, email lists a person or organization has to the amount that they can raise.  Starting a campaign without a large enough following to the idea will statistically not lead to a successful raise. 

There is a lot of risk running a campaign and with only a 1/3 of campaigns being successfully funded. The lost of time, money, morale and potentially reputation is at stake if the campaign isn't successfully funded and funds are returned to investors/backers. Their ideas did not receive validation and enough support as there is a direct correlation between the number of followers, email contact lists, etc the companies have to the amount they raise. It is each companies responsibility to market their campaign page once published and typically they run 30-60 days.
https://www.entrepreneur.com/article/269663

*According to the SBA