Method and system for venture capital raising for startup via award and reality TV show

• US 9,317,883 B2
• Filed: 02/20/2015
• Issued: 04/19/2016
• Est. Priority Date: 06/30/2011
• Status: Expired due to Fees

• Current Assignee: Andrew H.B. Zhou, Dylan T.X. Zhou, Tiger T.G. Zhou
• Original Assignee: Andrew H.B. Zhou, Dylan T.X. Zhou, Tiger T.G. Zhou
• Inventors: Zhou, Tiger T G, Zhou, Dylan T X, Zhou, Andrew H B
• Primary Examiner(s): Fleurantin, Jean B
• Application Number:
  US14/627,315
• Publication Number:
  US 20150161721A1
• Time in Patent Office: 424 Days
• Field of Search: 707/748, 707/758, 709/217, 709/219, 725/9, 725/14, 725/93, 705/329, 705/7.25, 705/7.23
• US Class Current: 1/1
• CPC Class Codes: G06F 16/951 Indexing; Web crawling techniques
• CPC Class Codes: G06Q 10/0637 Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/0241 Advertisements
• CPC Class Codes: G06Q 30/0279 Fundraising management
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Provided are computer implemented methods and systems for venture capital raising for startup via award and reality TV show. An exemplary method comprises receiving information associated with startup projects. The information is provided to audience for online fund raising via an online resource. The information includes a target amount for online fund raising. One or more contributions associated with the startup projects are received from the audience. Based on the contributions, eligible startup projects are determined. The eligible startup projects are advertised on a television show on a country level. Assessment of the eligible startup projects is received from venture capitalists and private investors. Based on the assessment, country winning startup projects are selected. The country winning startup projects are advertised and assessed on an international television show on an international level. Based on international assessment, a world winning startup project is selected and awarded a prize amount.

Claims

1. A computer implemented method for venture capital raising for startup via award and reality television show, the computer implemented method comprising:

receiving, by a processor, information associated with a plurality of startup projects, wherein the information includes a target amount for online fund raising, each of the plurality of startup projects being associated with a startup creator;

pre-selecting, by the processor, from the plurality of startup projects, a predefined number of startup projects based on predefined criteria, the predefined criteria including one or more of the following;

a maximum allowed target amount for the online fund raising, minimum age of the startup creator, an execution period for the startup project;

assigning, by the processor, mentors to the predefined number of startup projects, the mentors being selected from a group of venture capitalists and private investors;

providing, by the processor, the predefined number of startup projects for the online fund raising and for mentoring via an online resource;

receiving, by the processor, one or more contributions associated with the predefined number of startup projects from audience via the online resource;

receiving, by the processor, from the mentors, mentoring associated with development of the predefined number of startup projects;

determining, by the processor, based on the one or more contributions, eligible startup projects among the predefined number of startup projects, wherein each of the eligible startup projects reach the target amount for the online fund raising;

based on the determining, transferring the one or more contributions associated with each of the eligible startup projects to the startup creator of each of the eligible startup projects;

based on the determining, transferring the mentoring associated with each of the eligible startup projects to the startup creator of each of the eligible startup projects;

distributing the eligible startup projects on a television show on a country level, wherein a plurality of television shows is performed in a plurality of countries;

receiving, by the processor, assessment of the eligible startup projects, wherein the assessment is made by the group of venture capitalists and private investors;

based on the assessment, selecting, by the processor, country winning startup projects for each of the plurality of countries;

distributing the country winning startup projects on an international television show on an international level;

receiving, by the processor, international assessment of the country winning startup projects, wherein the assessment is made by an international group of venture capitalists and private investors;

based on the international assessment, selecting, by the processor, a world winning startup project; and

awarding a prize amount to the world winning startup project.

2. The computer implemented method of claim 1, wherein the startup project is associated with a product, a service, and a business.

3. The computer implemented method of claim 1, wherein the information is provided by the startup creator.

4. The computer implemented method of claim 1, wherein the one or more contributions include one or more investments, one or more votes, one or more content amendments, and one or more idea proposals.

5. The computer implemented method of claim 1, wherein the assessment is repeated monthly, quarterly, or yearly.

6. The computer implemented method of claim 1, wherein one or more further awards are periodically provided based on the assessment.

7. The computer implemented method of claim 1, wherein the assessment and the international assessment include contributions and votes of the audience, the votes being provided via SMS, online resources, and phone calls.

8. The computer implemented method of claim 1, further comprising:

based on the assessment, eliminating some of the eligible startup projects from the television show.

9. The computer implemented method of claim 1, further comprising:

based on the international assessment, eliminating some of the country winning startup projects from the television show.

10. The computer implemented method of claim 1, wherein the audience includes one or more of the following:

one or more visitors of the online resource, and one or more viewers of the television show.

11. The computer implemented method of claim 1, wherein the startup creator receives crowd funding and mentoring related to development of the startup project.

12. The computer implemented method of claim 1, wherein the distributing includes broadcasting of one or more video recordings, one or more audio recording, photos, and financial reports.

13. The computer implemented method of claim 1, wherein the distributing includes broadcasting on television, radio, and online resources.

14. A system for venture capital raising for startup via award and reality television show comprising:

a processor configured to;

receive information associated with a plurality of startup projects, wherein the information includes a target amount for online fund raising, the startup project being associated with a startup creator;

pre-select, from the plurality of startup projects, a predefined number of startup projects based on predefined criteria, the predefined criteria including one or more of the following;

a maximum allowed target amount for the online fund raising, minimum age of the startup creator, an execution period for the startup project;

assign mentors to the predefined number of startup projects, the mentors being selected from an international group of venture capitalists and private investors;

provide the predefined number of startup projects for the online fund raising and for mentoring via an online resource;

receive one or more contributions associated with the predefined number of startup projects from audience via the online resource;

receive, from the mentors, mentoring associated with development of the predefined number of startup projects;

determine, based on the one or more contributions, eligible startup projects among the predefined number of startup projects, wherein each of the eligible startup projects reach the target amount for the online fund raising;

based on the determination, transfer the one or more contributions associated with each of the eligible startup projects to the startup creator of each of the eligible startup projects;

based on the determination, transfer the mentoring associated with each of the eligible startup projects to the startup creator of each of the eligible startup projects;

receive advertising materials associated with the eligible startup projects, wherein the eligible startup projects are distributed on a television show on a country level, wherein a plurality of television shows is performed in a plurality of countries;

receive assessment of the eligible startup projects, wherein the assessment is made by a group of venture capitalists and private investors;

based on the assessment, select country winning startup projects for each of the plurality of countries;

receive international advertising materials associated with the country winning startup projects, wherein the country winning startup projects are distributed on an international television show on an international level;

receive international assessment of the country winning startup projects, wherein the assessment is made by the international group of venture capitalists and private investors;

based on the international assessment, select a world winning startup project; and

award a prize amount to the world winning startup project;

a database in communication with the processor and configured to store the information associated with the plurality of startup projects, the target amount, the assessment and the international assessment.

15. The system of claim 14, wherein the startup project is associated with a product, a service, and a business.

16. The system of claim 14, wherein the information is provided by the startup creator, the information further including publishing, editing, sharing, or reposting messages, texts, recommendations, ideas, creations, reviews, comments, articles, photo materials, video materials, games, drawings, links, answers, payments, buying and selling records, and other activity related to the startup creator.

17. The system of claim 14, wherein the one or more contributions include one or more investments, one or more votes, one or more content amendments, and one or more idea proposals.

18. The system of claim 14, wherein the processor is further configured to:

receive results of blind audition, wherein the group of venture capitalists and private investors reads and listens to presentations related to the eligible startup projects without seeing the presented, one or more of the venture capitalists and private investors accepting one or more of the eligible startup projects for mentoring, wherein the eligible startup projects accepted for mentoring pass to semifinal competition;

receive startup creator choice, wherein the startup creator, whose eligible startup project is accepted by two or more venture capitalists and private investors, chooses a mentor from the two or more venture capitalists and private investors; and

broadcast the semifinal competition, wherein the eligible startup projects accepted for mentoring make live demonstrations, the one or more contributions being provided by the audience for one of more of the eligible startup projects.

19. The system of claim 18, wherein a celebrity guest assist the mentor in mentoring the startup creator, the celebrity guest being different in each round of the TV show.

20. The system of claim 18, wherein the blind audition takes place in different cities of the countries associated with the system.

21. The system of claim 14, wherein the assessment and the international assessment includes votes of the audience, the votes being provided via SMS, online resources, phone calls, mobile applications, and social networks.

22. The system of claim 14, wherein the processor is further configured to eliminate some of the eligible startup projects from the television show based on the assessment.

23. The system of claim 14, wherein the advertising materials include a startup creator presentation associated with a startup project, the startup creator presentation being performed weekly or monthly, wherein a panel of judges criticizing the startup creator presentation.

24. The system of claim 14, wherein in a final live performance phase of the TV show, the startup creators perform in weekly shows, where investments, public voting, sales quantity, and the one or more contributions narrow to a final group of startups, one of the final group being declared the world winning startup project, wherein the prize amount is transferred to an account associated with the world winning startup project.

25. The system of claim 14, wherein one or more of the group of venture capitalists and private investors mentor one or more of the eligible startup projects, the one or more of the group of venture capitalists and private investors receiving a performance fee and carried interest related to the one or more of the eligible startup projects mentored by the one or more of the group of venture capitalists and private investors, the performance fee and carried interest being assigned after investment return.

26. The system of claim 14, wherein a startup project that is eliminated is sold to public, the sale including a direct sale, a sale via an auction, a delayed sale, and a sale with payment by installments, the sale being performed using a mobile and wearable device, wherein the mobile and wearable device is located on a human body, the human body including a wrist, an arm, a neck, a head, a leg, a waist, an ear, a finger, and any other part of the human body, wherein the mobile and wearable device is associated with one or more of a transactional payment based on Unstructured Supplementary Service Data (USSD), Short Message Service (SMS), direct operator billing, a credit card mobile payment, an online wallet, a QR code payment, contactless near field communication payment, a cloud-based mobile payment, an audio signal-based payment, a Bluetooth Low Energy (BLE) signal beacon payment, an in-application payment, an SDK payment, an API payment, a social networking payment, and a direct carrier and bank co-operation, and wherein access to the device is controlled by one or more of the following:

a password, a Personal Identification Number (PIN) code, and biometric authorization, the biometric authorization including fingerprint scanning, palm scanning, face scanning, and retina scanning, wherein the scanning is performed using the one or more biometric sensors, wherein the one or more biometric sensors include sensors for measuring one or more of the following;

a blood pressure, a pulse, a heart rate, a glucose level, a body temperature, an environment temperature, and arterial properties, the measuring shown on the display, the device further comprising a fingerprint reader configured to scan a fingerprint, the scanned fingerprint being matched to one or more approved fingerprints, wherein access to the wearable personal digital is granted based on the matching.

27. The system of claim 14, wherein the advertising materials include one or more video recordings, one or more audio recording, photos, and financial reports, the one or more video recordings including audition episodes performed by the group of venture capitalists and private investors.

28. A non-transitory computer-readable medium comprising instructions, which when executed by one or more processors, perform the following operations:

receive information associated with a plurality of startup projects, wherein the information includes a target amount for online fund raising, the startup project being associated with a startup creator;

pre-select, from the plurality of startup projects, a predefined number of startup projects based on predefined criteria, the predefined criteria including one or more of the following;

a maximum allowed target amount for the online fund raising, minimum age of the startup creator, an execution period for the startup project;

assign mentors to the predefined number of startup projects, the mentors being selected from a group of venture capitalists and private investors;

provide the predefined number of startup projects for the online fund raising and for mentoring via an online resource;

receive one or more contributions associated with the predefined number of startup projects from audience via the online resource;

receive, from the mentors, mentoring associated with development of the predefined number of startup projects;

determine, based on the one or more contributions, eligible startup projects among the predefined number of startup projects, wherein each of the eligible startup projects reach the target amount for the online fund raising;

based on the determination, transfer the one or more contributions associated with each of the eligible startup projects to the startup creator of each of the eligible startup projects;

based on the determination, transfer the mentoring associated with each of the eligible startup projects to the startup creator of each of the eligible startup projects;

receive advertising materials associated with the eligible startup projects, wherein the eligible startup projects are distributed on a television show on a country level, wherein a plurality of television shows is performed in a plurality of countries;

receive assessment of the eligible startup projects, wherein the assessment is made by the group of venture capitalists and private investors;

based on the assessment, select country winning startup projects for each of the plurality of countries;

receive international advertising materials associated with the country winning startup projects, wherein the country winning startup projects are distributed on an international television show on an international level;

receive international assessment of the country winning startup projects, wherein the assessment is made by an international group of venture capitalists and private investors;

based on the international assessment, select a world winning startup project; and

award a prize amount to the world winning startup project.