Sarasota, FL (PRWEB) October 02, 2013
Today, Nap Time Startups announced the hiring of Vicki LeMay as Vice President of Operations. She will direct the development of a crowdfunding ecosystem to provide entrepreneurs with long-term financial guidance and funding. The ecosystem will also create vetted, quality opportunities for donors and investors. As an experienced entrepreneur, startup mentor and capital advisor, LeMay will establish a collaborative and transparent environment connecting donors and investors with entrepreneurs. The goal is to raise the industry average crowdfunding success rate of less than 40% to 75%. The ecosystem development will benefit from LeMay’s successful launch of new products and startup ventures at Reebok, Stay Green Oil and Cambridge Technology Partners, and most recently with Abbeton Partners. Ms. LeMay will be working in collaboration with John Montelione, Nap Time Startups, CEO.
As noted by Ms. LeMay, “We believe that crowdfunding should not be a one-time company event. It can be a fundamental ingredient for sustaining long-term growth. Crowdfunding can be utilized from commercializing a product concept to company formation and expansion. This requires a crowdfunding ecosystem built on the values of quality, transparency and trust. We’re building this considering the on-going information and financial needs of all participants and most importantly connecting donors and investors with entrepreneurs that match their interests.”
Ms. LeMay’s other responsibilities include managing a team of business coaches and the Nap Time Startups communications group. The business coaches work closely with the entrepreneur to model and understand long-term financial needs and analyze crowdfunding alternatives. To support the new wave of what the Kauffman Foundation describes as user entrepreneurs, coaches provide guidance in protecting intellectual property and developing funding plans for prototyping and commercializing product concepts. The information developed in conjunction with business coaches serves as a foundation for the entrepreneur’s preparation of a cohesive fund raising plan for donors and investors. Another entrepreneur support component is Nap Time Startups’ Blog on crowdfunding and business. Topics range from agile product development to investor presentations.
About Naptime Startups
Nap Time Startups is an innovative crowdfunding platform empowering mom and women entrepreneurs with a support and funding ecosystem delivering long-term success. The company’s goal is to fund 1000’s of entrepreneurs each year through the women-dominated social networking and private investment communities.
Nap Time Startups empowers mom and women to act upon their product ideas. Women traditionally purchase over 85% of all household products plus dominate social networking and consumer technology usage. Most women have generated ideas for new products or how to improve existing ones. Nap Time Startups provides the support and funding ecosystem for commercializing innovative product and service ideas.
Nap Time Startups’ crowdfunding programs will be based initially on the current industry donation model and expanded in 2014 into equity investment. A donation model enables individuals to contribute funds normally in the $1 to $1,000 range and receive matching rewards. The investment model, which was enabled by the Jobs Act of 2012 and is awaiting Security and Exchange Commission guidelines, will enable direct equity investment from accredited investors. Under the donor model, Nap Time Startups anticipates startup funding will range from $50,000 to $300,000 and under the investment model a maximum funding of $1,000,000.
Nap Time Startups is located in the Tampa Bay Area. The address is 5020 Clark Road,
Sarasota, FL 34233
For more information and background, access:
Linkedin – Vicki LeMay