Shopline’s Raymond Yip Gives an Update on ‘500 Startups’ and Cyberport’s Recent Delegation to the US

Back in August, we congratulated DIY eCommerce startup Shopline on their acceptance into 500 Startups. It was kind of like watching your kid go off to college.

In just a few months, the one-year-old startup has grown a lot under the care of the Silicon Valley accelerator. Besides adding two senior engineers and one marketing person to their team, Shopline has also been in talks to raise a round of funding from Hong Kong, US and Southeast Asian investors.

We had a caught up with co-founder and CEO Raymond Yip and he said that one of the biggest benefits to accelerating with 500 Startups is having access to a large mentor network. “There are 250-300 advisors and people within the 500 network come in and out every week for office hours. They’ll teach you things like design, tech or legal – you name it, someone’s going to help you out,” said Yip.

And it’s not just mentors lending a hand at 500. As 30% of the cohort is made up of international startups, Yip said there’s been a strong sharing culture within the program. On many occasions, fellow batchmates have come up to Yip’s desk offering help on a problem, and he said that this is an area that Hong Kong’s startup community can improve on.

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Two Ways Hong Kong’s Startup Scene Could Borrow and Benefit from Singapore’s Techventure 2014


Singapore’s Techventure 2014 has come and gone, with 100+ exhibiting tech startups and 700 visiting conference attendees from Hong Kong, Korea, Taiwan, Switzerland, Malaysia and the US. Notable talks featured YouTube co-founder Steve Chen who chatted about his startup story, and Evernote CEO Phil Libin who shared his ‘lessons for Southeast Asian startups’ drawn from building Evernote.

The two-day conference featured over eight pitching events including the ‘Techventure Connect 180’ which facilitates investor-startup matchmaking via the official conference app and the ‘Business Pitch Competition,’ where startups went head-to-head for a US $40,000 grand prize.

As Hong Kong and Singapore are often pitted against each other in ecosystem comparisons, here are two ways our tech startups could benefit and borrow from Techventure 2014.

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Hong Kong DIY eCommerce Startup ‘Shopline’ Joins Silicon Valley-Based Accelerator 500 Startups


The hits keep on rolling in this week for Hong Kong startups! Our own Shopline has been accepted into 500 Startups’ Batch 10.

The global accelerator program has invested in a number of successful startups to date, such as MakerBot, Twilio and our very own 9GAG. Startups that go through the four-month program not only have access to 500’s massive network of 1,000 founders, 200 startups and staff, but will also receive seed funding of US$100,000.

Having already swapped the Hong Kong heat for cooler weather in San Francisco, we had a chat with co-founder and CEO Raymond Yip, about the exciting news.

After impressing Rui Ma, venture partner of 500 Startups Beijing, with a great pitch, Shopline was selected to join the Bay Area accelerator’s tenth cohort. Despite having called NYC his home for many years, Raymond said that the Shopline team no plans to relocate to the US anytime soon.

Even though they will have facetime with 500’s founding partner and resident Sith Lord Dave McClure, lets hope that none of his horrible Powerpoint slide design rubs off on Shopline’s keen design sensibilities when they return.

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