Startup ventures in Asia may soon
tap crowdfunding sites like Kickstarter following the success of Internet-based
crowdsourcing investments in Europe, reported CNBC.
Facebook’s purchase last March of
virtual reality headset maker Oculus VR for a whopping $2 billion has made
crowdfunding vis-à-vis institutional funding from banks, etc. as the new hot
buzzword.
As a startup, Oculur VR raised a
mere $2.4 million via Kickstarter.
“The percentage of early stage seed
deals funded by crowdfunding is growing, and is beginning to cannibalize the
volume of these deals funded by venture capital firms in Europe," said
Robert Wardrop.
The executive director
at Cambridge Centre for Alternative Finance in the UK, Wardrop said
crowdfunding for lending represents about 80 percent of the total market
in Europe.
–End-
Image by: CNBC
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