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Crowdfunding Sites Singapore and the Startup Scene In Asia, the concept of crowdfunding is still relatively new and in its early stages of development. But the crowdfunding scene in Singapore appears to have taken root and is growing fast in popularity.

With the fast growth of social media, the influence of such media has grown beyond being a mere marketing tool. In fact, this influence has also extended to business funding through the phenomenon of crowdfunding. This portmanteau takes after the original “crowdsourcing” and is used to refer to the collective effort of a large network of individuals who each contribute a small amount of capital to finance a new speculative business venture.

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On July 3, Zack Brown created a Kickstarter project to fund a $10 bowl of potato salad.

The project took off, and has now raised US $49,733 to date.

That’s right. He’s making potato salad for himself. And he just raised $$49,733.

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Brian Acton still hasn't fully come to terms with the idea of his new life as a a billionaire and Facebook employee.

Acton, one of the two cofounders of WhatsApp, opened up about his personal feelings on the pending Facebook acquisition in his first speaking engagement ever at StartX, a startup incubator affiliated with Stanford University, on Wednesday night.

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Among many tech based startups today, there's a general belief that they'll never actually have to achieve profitability.

But not every company can count on getting bought by Facebook for a cool $19 billion.

And, of course, those companies who don’t get bought by Google, Facebook or Yahoo will have to fend for themselves. The best way to do this? Become profitable.

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Crowdfunding in india is still in its nascent stages. The potential however is incredibly high for Indian crowdfunding with a nationwide upsurge in dynamic and fascinating independent projects breaking boundaries.

However India might benefit from an existing crowdfunding ideal ingrained in its socio-cultural practices. The "chanda" collection for the community puja (festival) is pure, unadulterated crowdfunding.

India's first crowdfunded film came way back in the 70's with Shyam Benegal's Manthan, which was produced by contributions from 2 milk farmers in Gujarat.

Today, a lot of prominent Indian filmmakers, musicians and entrepreneurs on the scene are waking up to the potential and power of crowdfunding. Some prominent examples include Onir (whose National Award winning film I AM was crowdfunded by more than 400 contributors); Kannada film Lucia and many more!

Tuesday, 29 April 2014 00:00

Is South Korea, Asia’s New Startup Hub?

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South Korea, once referred to as the ‘Land of the Morning Calm,’ has emerged as one of the key startup hubs in Asia. Having witnessed firsthand the changes in this once conservative and shy nation, the pace of change is amaizing and the hunger with which local founders are embracing the challenge and opportunity presented by entrepreneurship. As predictable and arduous corporate careers begin to lose their appeal in a country still dominated by big names such as Samsung, Hyundai, and LG, there are strong signals that innovation will begin to shape the economic landscape in the near future.

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OurCrowd founder and CEO Jon Medved spoke about crowdfunding at San Diego State University earlier this year. The video was recently just posted on YouTube the past week.

Medved actually was born in San Diego. His father was a professor of physics at SDSU so this was a bit of a coming home trip for him.

Medved talks about OurCrowd and his global perspective on equity crowdfunding. Definitely worth a watch.

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WHAT happens when a multinational firm decides to shutter its Irish operation? Do staff just filter off into other multinational jobs? Or can indigenous entrepreneurs emerge? It's the ultimate post-IDA question: are multinational outfits actually creating an ecosystem that can be self-sustaining?

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Need some crazy crowdfunding ideas, well take a look at our selection from the wacky pile. You thought that some of these ideas were dumb, but actually could be ingenious...


1) Jafflechutes

It’s a bird, it’s a plane… oh wait, its a toasted cheese sandwich being delivered in a parachute. In what may be one of the craziest (and most fun) crowdfunding venture to date, the team behind Jafflechutes are taking a love of melted cheese to a whole new level – in some cases seven floors up. They plan to ‘drop in’ on New York City very soon. Those who pre-order can nominate the time they’d like to receive jaffles (aka: toasted sandwiches) and will receive instructions about where to go to await their special delivery. (Source:Pozible)

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This month, Mashable announced Sevenly as the winner of America's Most Social Small Business. The three-year-old social good apparel company has gone from a closet office with four employees to a 33-person operation that's raised more than $3 million for charities around the world. Read on to learn how Sevenly harnessed the power of social media to change the way people think about — and wear — charity.

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