Crowd Funding and Disruptive Finance – From Seed to Exit Series Part 4: Presented by the Entrepreneur and Small Business and Young Professional Committees at the Canadian Chamber
The Entrepreneur and Small Business Committee and Young Professional Committee of the Canadian Chamber of Commerce in Hong Kong held the 4th part of the “From Seed to Exit” Series. Hosted at the KPMG office, it attracted a diverse crowd of past, present and aspiring future investors. Fiona Atkinson (Colony88) guided the audience through the development of crowdfunding and how it works as an investing model.
Then, moderated by Jono Lilley (Colony88), the panel went over how their various models differed from each other. Simon Loong (WeLab) led us through the facets of WeLend as a Peer-to-Peer Business Lending model, and crowdfunding for concept stage companies led by James Giancottiis (Big Colors).
Crowdfunding has been growing in strength and popularity since the 2008 crash and the crash was arguably the best thing that could have happened to crowdfunding. Since businesses began seeking less traditional ways to finance, and individuals looked to other investment options, crowdfunding has been increasingly gaining traction. As regulators in certain countries see the draw of crowdfunding, they are beginning to work closer with crowdfunding platforms to develop regulations to adapt to the changing investing environment.
Overseas financing is a growing trend in crowdfunding, where North Americans are investing in Asia and Asians in North America. Hong Kong with a well established brand for trade and finance, as well as being the bridge between the West and Asia is poised to capitalize on the growing crowdfunding community. And, under the right circumstances, Hong Kong may become the future crowdfunding capital of the world.
We would like to thank our key event sponsors: Baker Tilly Hong Kong and Air Canada