In Asia, like everywhere else, educating the public about crowdfunding is the first step towards seeing it explode like it has in the U.S. and Europe.
Tampa, FL (PRWEB) July 09, 2013
Crowdfunding expert Kendall Almerico, CEO of crowdfunding website ClickStartMe, commented on why news reports say crowdfunding hasn't caught on in Asia yet. Almerico says that while crowd funding is exploding in popularity throughout Europe, Asia has not yet caught the crowdfunding bug.
"In Asia, like everywhere else, educating the public about crowdfunding is the first step towards seeing it explode like it has in the U.S. and Europe,” Almerico says. They need to create or adapt platforms like ClickStartMe.com for their region and internet infrastructure."
In the United States alone, the crowdfunding guru notes that the crowdfunding industry brings in billions of dollars each year. “The industry is expected to double during the next few years, it is only a matter of time before crowdfunding catches on in Asia,” Almerico stated. “However, some work needs to be done to make crowd funding accessible first.”
Almerico agrees with other industry leaders who say that there is a greater fear of failure in Asian cultures where the process of “saving face” is more valued there than it is in Western culture. With crowdfunding, there is always a chance of not reaching a goal, so the possibility of public failure is a deterrent to many Asian cultures.
"What it all boils down to is that I don't think they've realized how powerful of a resource crowdfunding can be," said the crowd funding expert. "But once they do, with half of the world's population in Asia, imagine what groundbreaking projects could be crowdfunded using platforms like ClickStartMe"
Kendall Almerico is the CEO of ClickStartMe, the crowdfunding site that provides and businesses with an easy-to-use platform to raise funds through online crowdfunding. Almerico is available for interviews and speaking engagements.