During his interview with The New Paper, Singanews founder Mr Matthew Yap said that his venture had got $90,000 in seed funding so far.
Singnews was supposed to be a “secular” news portal to promote “mainstream family values” as defined as “natural families focused on procreation”.
It is owned by Singa Communications, set up in July this year in the aftermath of the Aware fiasco.
With due respect to Mr Yap, it is unlikely that he has so much personal savings to set up Singanews on his own. Even if one has, few will be so committed to spend over $50,000 just to start a “social enterprise” in Mr Yap’s own words.
$90,000 is no small sum of money. How did Mr Yap manage to raise them in such a short span of time. It was reported that the venture is seeking funds from the Christian community. Unless Mr Yap is a charismatic and influential figure like Joseph Prince, it is not likely that many people will be so generous to donate to his cause.
Read rest of article here:
http://temasekreview.com/?p=13604
Singnews was supposed to be a “secular” news portal to promote “mainstream family values” as defined as “natural families focused on procreation”.
It is owned by Singa Communications, set up in July this year in the aftermath of the Aware fiasco.
With due respect to Mr Yap, it is unlikely that he has so much personal savings to set up Singanews on his own. Even if one has, few will be so committed to spend over $50,000 just to start a “social enterprise” in Mr Yap’s own words.
$90,000 is no small sum of money. How did Mr Yap manage to raise them in such a short span of time. It was reported that the venture is seeking funds from the Christian community. Unless Mr Yap is a charismatic and influential figure like Joseph Prince, it is not likely that many people will be so generous to donate to his cause.
Read rest of article here:
http://temasekreview.com/?p=13604
