Crowdfunding started in 2008, and has become a global phenomena with more than 1000 platforms operating over every continents except Antarctica. The World Bank reported that crowd funding investment market to hit US$93 billion by 2025. Inventors, innovators and entrepreneurs have increasingly turn to crowd funding to realize their dreams. Notable example is Pebble, a smart watch, that became the first crowd-funded project ti pass the US$10 million funding. Occulus Drift, a virtual reality headset, raised US$2.4 million on Kickstarter and was acquired by Facebook for $2 billion in cash and stock a year and half later.
Crowdfunding is poised to a disruptive influence on the existing mode of funding startups. In fact, it has become an powerful tool to build global startup. It has gone beyond financial. Entrepreneurs should approach crowd funding through a global mindset – to create a global company from day one. Crowd funding, if executed successfully, brings global customers, global branding and global channels to the startups.
In this seminar, Neo Kok Beng, Chairman & co-founder of Pirate3D, will discuss its crowd funding campaign on Kickstarter that raised US$1.43 million on Kickstarter, and the lesson learned in developing and serving a global customer base. The session will be moderated by Prof Wong Poh Kam.
Start: Friday, 1 August, 2014 10:00 a.m.
End: Friday, 1 August, 2014 12:00 p.m.
Venue : NUS University Hall Auditorium, Lee Kong Chian Wing Level 2, 21 Lower Kent Ridge Road, Singapore 119077
A networking lunch will be served after the seminar.
Founded in late 2012, Pirate3D is a 3D printing startup seed-funded by Red Dot Ventures and incubated by the Institution of Engineers, Singapore (IES).
589K Seed Investors:
Red Dot Ventures