§ The document discusses how crowd sourcing and funding can work in Asia. It summarizes the history and operations of Grow VC Group, a company that launched one of the first equity crowdfunding platforms in 2010. It has since expanded to a group with multiple business units focused on crowdfunding, consulting, co-investment funds, and turnkey crowdfunding solutions. Examples of portfolio companies that could benefit from crowdfunding in Asia are provided. The presentation argues that crowdfunding can work alongside traditional models and that building an ecosystem where different investment models collaborate is important for future growth.
15. Crowdsourcing is, according to the Merriam-Webster Dictionary,
the practice of obtaining needed services, ideas, or content by
soliciting contributions from a large group of people, and
especially from an online community, rather than from traditional
employees or suppliers.
Crowd funding or crowdfunding (alternately crowd financing, equity
crowdfunding, or hyper funding) explains the collective effort of
individuals who network and pool their money, usually via the
Internet, to support efforts initiated by other people or organizations.
Crowdfunding is used in support of a wide variety of activities,
including disaster relief, citizen journalism, support of artists by
fans, political campaigns, startup company funding, motion
picture promotion, free software development, inventions
development, scientific research, and civic projects.
Source: Wikipedia