“Idea behind this emerging Crowd-funding model is to fix the current inefficiencies of private seed funding for firms” says The Business Times article. Singapore based The Business Times is Asia’s leading business daily. I had an honor to write an article for the paper. I will also talk about this topic in Echelon 2010, Asia’s Leading Web Technology Event, organized by e27 in Singapore on June 1 and 2. Echelon 2010 speakers are a rich combination of startup ecosystem professionals from the US and Asia.

The Article continues “EARLY phase startup funding requires new solutions. Venture Capital (VC) companies are moving their focus to more mature companies and institutional investors are decreasing investments in VC funds. Entrepreneurs want to have more competition and transparency in the funding market, and business angels require better tools to locate good startups and for easier deal-making.”

The final conclusion is “The startup funding market is one of the areas where new online services will make a lot of changes during the next two years. The traditional VC model is not enough anymore; we need a more effective, transparent and global market for startup funding.”

You can read the full article from The Business Times’ web site (subscribers only) or see a copy here.