Crowdfunding is at a crossroads. The inherent conflict of interest in the business model is forcing US firms to either limit their growth or become the online equivalent of late-night infomercials.
In Japan, however, crowdfunding has grown more slowly than in the US, and Japanese companies have had the chance to learn from their successes and failures. As a result crowdfunding may end up looking very different in Japan than it does overseas.
In today’s discussion, Ryota Matsuzaki, the CEO of Kibidango, one of Japan’s newest crowdfunding platforms his approach. It’s not completely unique to Japan, but the strategy is particularly well suited to Japan.
Ryota details what he thinks the future of crowdfunding will look like in Japan and we argue over the likelihood of Japan’s consumer electronic giants taking advantage of the tremendous talent pool available on crowdfunding platforms in order to supplement their product lines via M&A.
It’s a great discussion, and I think you’ll enjoy it.
Show Notes for Startups
- Why crowdfunding is the new e-commerce
- Why e-commerce startups can no longer innovate
- How to nurture crowdfunding creators
- Why it’s important to trade high-growth for high-quality
- Managing Japanese consumer’s expectations
- How large brands might change the face of crowdfunding
- How crowdfunding might jumpstart M&A in Japan
- Can crowdfunding save Japan’s consumer electronics industry?