Build Your Personalized Travel Journals With Qiito.com
Startup Up - A Journey Or A Destination?Chuang admits that Qiito currently doesn't have a revenue model as yet. "We would want to serve users to best first, then bringing in a new way and cost effective ways to travel industry which my team has been working on," he explains. A S$2.2 million investment from Japan's Lunar Asia should provide a healthy runway as the 16-man startup looks for a way to monetize the site. "The biggest problem for us or a startup in innovation is there is no example, nor model for us to follow," Chuang shares. He adds that this iteration of Qiito is actually its third version since 2011, having scrapped its previous two versions even before launch. "We study other sites a lot, in order to move fast and learn from other sites' mistakes. By studying them closely helped us evolve faster and become what we are now."
Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.