Crowd Funding Startup Aims to HelpEntrepreneurs Get Financed
By Alex Shek , May 04, 2012
―Minute Capital provides a crowd funding
service that connects entrepreneurs,contributors, and potential investors so thatfunds given to the startup world can bemore easily accessible to entrepreneurs through the power of the
masses,‖ explains Jason Pang Jao, Managing Director of Finance and
Co-
founder of Minute Capital. ―We want to be the top provider of professional crowd funding service.‖
―We want to focus more so on the professional arena—
on helping theentrepreneurs who are interested in a more professional outlook. Theyare more likely to be interested in having a service that has aprofessional outlook than something like Kickstarter or
IndieGoGo.‖
After getting early funding through Minute Capital's website, projectsthat seek larger sources of funding will have access to Minute Capital asa key professional intermediary to venture capitalists, says Jao.
―The idea to start the firm orig
inates from a [University of] Michigan
class project,‖ reflects Jao. ―The course requested we come up with a
new idea to solve a problem for our economy and for our society in
general.‖ Jao continues, ―We came to the conclusion that there is a lack
of connecting portals that would allow more entrepreneurs to gain access
to startup capital at a lower cost.‖
Jao describes ―The two other MD's (Managing Directors) had a
brainstorming session where they came up with the name of Minute
Capital.‖ He says they were
searching through available domain nameswhen they chose Minute Capital for its double meaning.
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