23 Aug '12, 3am

Spurned by investors, @LoveByte goes on to get 10,000 downloads anyway

Spurned by investors, LoveByte goes on to get 10,000 downloads anyway August 23, 2012 by Terence LEE As a startup that’s all about strengthening relationships, LoveByte certainly didn’t get much affection from investors. Few thought that there was a need for another private social network for lovers, and those few didn’t believe in it enough to put their money where their mouth is. But the app went on to get 10,000 downloads in just over two weeks, an impressive figure by any standard. It topped the Lifestyle category in the Singapore App Store for days, breaking into the Top 25 overall to beat popular apps like WeChat and Instagram. The journey for Steve Sng , who thought of the idea, had been rough. As a Founder Institute (FI) Singapore student, he pitched LoveByte to FI founder Adeo Ressi, who was unimpressed by it. He said that the market is too small and challenged hi...

Full article: http://sgentrepreneurs.com/innovation-technology/2012/08/...

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