With August upon us, it’s a great time to look at what the rest of 2013 has in store for the Hong Kong startup scene. Bigcolors, a crowdfunding platform revolutionizing the way startups raise capital as well as a channel for investors to make more money, is nearing its launch date. With a background in management consulting and banking, Jackie Lam co-founded Bigcolors to improve the methods entrepreneurs use in order to raise capital. An entrepreneur herself, Jackie understands the difficulty of collecting enough funds to get an idea off the ground.
We connect with Jackie to get a clearer idea of what Bigcolors aims to achieve.
How did you come up with this idea?
The co-founders of Bigcolors came up with the idea of a startup exchange because we want to ensure each startup has a chance of success; providing they have the right funding behind them. There aren’t enough investors willing to take a risk and invest in startups, as there isn’t enough liquidity in the market.
Bigcolors is all about getting finance for startups and creating liquidity for investors immediately. We want to attract all types of investors (not just angels) to trade options of these startups. The platform is all about raising the awareness of start-ups among Asia Pacific investors, who are generally conservative and prefer to put their money into property or shares. It’s a win-win for both the startup (who gets funding) and the investor (who has liquidity).
Who are you targeting and how big is the market in HK/Asia?
We have 3 major targets. Firstly, the investors who see value in investing in early stage startups, secondly, advisors who want to give their time and effort to helping startups get traction, and finally and importantly, the startup entrepreneurs who would like to see their idea become a reality rather than sit in a graveyard of ideas.
I see the potential market for Bigcolors as borderless. Bigcolors has launched in Hong Kong and we have quickly established a presence in Australia and Singapore. Bigcolors will be rapidly targeting the US market next.
What are your future plans for your startup?
So far we have 46 startups on Bigcolors. These startups range from mobile apps, tech apps, co-working spaces to headphone suppliers. Our short term plan is to lmarketing Bigcolors and raising the awareness of startups to investors in Asia Pacific. In the long term… who knows what could happen!
Any News About Bigcolors?
Bigcolors to launch new “stock exchange” for start-ups
1 Benefit and 1 Challenge in the HK startup scene?
Benefit – Global city with a global focus, great infrastructure with capability to be Asia’s startup hub.
Challenge – Getting Hong Kong people excited about startups like they are excited about property and the Jockey Club.
Connect With Bigcolors
- Website: http://www.bigcolors.com
- Twitter: @big_colors
- Facebook: http://www.facebook.com/
bigcolors
Connect With Jackie Lam
- AngelList: https://angel.co/jackie-lam-1
