MyMicroFund.com Funding Recipients

First off, please allow me to thank John Chow for offering this opportunity to his readers and to help launch MyMicroFund.com.

As a result of this contest, three recipients from three different countries will receive total funding of US $3,600. These entrepreneurs all have several traits in common. They present their plans in detail and with enthusiasm, they demonstrate a willingness to think through worse case scenarios and they understand the need for patience in answering multiple rounds of questions.

Quite a few other proposals caught my attention and would have easily been worthwhile to invest in. The reasons I chose the 3 ventures that I did will be revealed in my upcoming posts on MyMicroFund.com. The decision was more difficult than I had initially expected but the answer was quite clear to me in the end. Without further ado, here are the three funding recipients:

emanuele

Emanuele Feronato » italian geek and PROgrammer
Italy
$500
Contribution to development and hosting of a Flash version of Sokoban with Facebook API to let users play, compare solutions, create new levels and compete for world ranking. Emanuele Feronato is a Krav Maga instructor, winner of multiple Worms Armageddon world leagues, seasoned web developer, creator of several blockbuster flash games and an authority in flash game monetization.

cavalcade
Cavalcade Games
Philippines
$2,000
Funding of hardware and working capital for development of iPhone and iPod Touch apps. Cavalcade Games follows a principle of user-friendliness, familiarity and visually easy to understand apps. Two very unique and fun applications for the iPhone and the iPod Touch will be launched by mid-summer as a result of this funding.

yumm
YummThemes.com
United Kingdom
$1,100
Complete funding for the development of premium WordPress themes and marketing initiatives. YummThemes.com will offer very unique designs to tap the growing premium WordPress themes market. JohnChow.com readers will receive a free theme and 25% off premium themes at launch. To get your free theme or to qualify for a discount, please visit www.YummThemes.com and pre-register NOW.

I hope you join me in congratulating all three funding recipients. You are all invited to follow their progress on MyMicroFund.com over the next 6 months. It will be a journey with ups and downs and their experiences will offer all of us great insight in starting an internet business. I have no doubt they will all succeed, the only question remains is by how much.

The MyMicroFund.com fund is an experimental fund that provides capital to entrepreneurs with a good plan. Funding is provided in good faith and recipients pay back what they can. No legal work or loss of ownership. Your word is good enough. If I like it, I will fund it.

The MyMicroFund.com blog tracks the progress of funding recipients and also regularly publishes exclusive interviews and insightful feature articles to show you how others are successfully running their own online businesses. Learn what product is consistantly providing an eBay seller several hundred dollars of cash flow each month. Or how domaineering is pulling in tens of thousands of dollars for some. Stay subscribed to get ideas for your own online business! raking in several hundred per month to domain squatters that make tens of thousands per month.


25 thoughts on “MyMicroFund.com Funding Recipients”

  1. Juan says:

    This is amazing man! Supporting entrepreneurs with dreams. Let me check this out.

  2. Ryan McLean says:

    This is great to see.
    It is good to see that there are people out there supporting entrepreneurs who need some help getting started.

    It means that you don’t have to do the hard yards for the first year or two. You can get a micro fund and get in the market and start earning money quicker

    Ryan McLean’s last blog post: Creating a Killer Sales Page Is Much Harder Than It Looks

  3. That’s cool. It’s nice to see that it wasn’t social networks weren’t chosen. I think we already have enough of those.

  4. Kieran says:

    I’m really grateful for the opportunity given to me by Alex. Make sure you all pre-register at YummThemes for a free theme and 25% off a premium theme of your choice! 🙂

  5. If Emanuele Feronato is all that, what the hell does he need with $500.

    needmoney.com’s last blog post: Traffic: Search Engine Optimization – SEO

    1. Melody says:

      Every little bit helps I guess..

      Melody’s last blog post: Commenting on 200 blogs

      1. Melody says:

        Just a suggestion for cavalcade–lose the mystery meat navigation on your site….it’ll help with usability..

        Melody’s last blog post: Commenting on 200 blogs

        1. cavalcade says:

          Hi Melody! We were so busy making games that we had to go from having a placeholder site (we was gonna build it in May) to having the current one and the blog section in two days! Rest assured, we already have a more traditional navigation bar in the works this week.
          Whats with the ‘meat’ part of your comment? 🙂

          cavalcade’s last blog post: EcoSaviors won 2nd Place!

    2. Kind of ironic that someone with this site name/address made this comment.

      TYCP Entertainment Magazine’s last blog post: Courtney Van Dusen Interview

  6. BlogAngry says:

    that is great news

    BlogAngry’s last blog post: HOW TO GET DRUNK WITHOUT TAKING A DOSE OF ALCOHOL

  7. Congrats to all the recipients. I guess I missed this round of funding.

    Maybe next time. 🙂

    Steven-Sanders’s last blog post: New WordPress Plugin To Connect With Your Readers

  8. Giselle says:

    Congrats to all those guys, well deserved.

    Hope they use the opportunity well to set themselves and do awesomely in the future

    Giselle’s last blog post: Setting up for Success

  9. Melody says:

    Cool, I’ve been wondering what kind of proposals would land this opportunity.

    Will any of them be tracking their results/progress on their sites?

    Melody’s last blog post: Commenting on 200 blogs

    1. MyMicroFund says:

      You will be able to track their progress at MyMicroFund.com.

    2. Alex says:

      You will be able to track their progress on MyMicroFund.com.

      Alex’s last blog post: Announcement: The First 3 Funding Recipients

  10. Congrats and Oustanding. Who said a Blog was not a true business? 🙂

    Laura-Whateverebay’s last blog post: Welcome to FeedBurner

    1. True. A blog can be whatever you make it.

      TYCP Entertainment Magazine’s last blog post: Courtney Van Dusen Interview

  11. Awesome news, my sincere congrats to all the guys

  12. That´s good to see there is already some people that got the funds.

    Marketing Business Review’s last blog post: DoFollow Blogs List of Lists

  13. congratulations for the winners and congratulations to create more

  14. congrats on the people chosen. Hopefully it gives you the fuel necessary to drive your idea to the next level!

    [email protected] last blog post: Wednesday Market Summary

  15. Lets see how successful this would turn out…especially if John stops posting about the project 🙂

    -Mike

  16. rick says:

    The MicroFunding project was a great idea…however, it appears that the winners were already established web ventures as opposed to providing seed money for true newbies. In any case, your money your rules..Still a nice gesture for you to part with all that coin.

    rick’s last blog post: Make the Most of Your Existing Traffic

  17. That’s really good! It gives potential entrepreneurs a chance!

    Exposing SEO Techniques’s last blog post: Listen to Howard Stern Exposing a Screeching Beyonce

    1. Michael Zhao says:

      Indeed. I agree!

      Michael Zhao’s last blog post: End of Second Week.

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