Miyerkules, Hulyo 29, 2015

The new gold rush?

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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