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Silicon Valley Spring 2013
Applications: Mar 17, '13
Sessions: Apr 01, '13 - Jul 09, '13
Vision
Our vision is to Globalize Silicon Valley by creating and fostering local startup ecosystems in promising markets across the globe. We aim to help launch 1,000 technology companies per year in over 50 cities worldwide.
Sponsors
Wilson Sonsini Goodrich & Rosati is the premier legal advisor to technology and growth enterprises worldwide, as well as the investment banks and venture capital firms that finance them. Over the past four decades, Wilson Sonsini Goodrich & Rosati has established its reputation by having an unmatched knowledge of its clients' industries and deep and long-standing contacts throughout the technology sector. The firm's legal expertise serves clients at all stages of growth, from venture-backed start-up companies to multibillion-dollar global enterprises. The firm's clients include some of the most recognized names in the technology, retail, life sciences, venture capital, and finance sectors. The firm has offices in Austin, Palo Alto, New York, San Diego, San Francisco, Seattle, Shanghai, and Washington, D.C.
First Republic Bank and its subsidiaries provide private banking, private business banking and the full range of wealth management services with an emphasis on exceptional relationship-based service and a solid commitment to responsiveness and action.
Ravix Group - Ravix Group Inc.provides seasoned consulting expertise to outsource the finance, human resources, and facilities functions of early-stage and middle market companies so that management can focus on their priorities to increase the value of their company.
Purplepatch Services is a strategy consulting firm offering technology firms Marketing Communications and User Experience Design solutions.
Grad Profile: @2RedBeans helps tech-savvy Chinese singles find love
Grad Profiles highlight the personal and professional stories of Founder Institute Graduates from across the globe.
This profile on 2RedBeans, a graduate of the Silicon Valley Founder Institute, was written by Emma Tzeng. Founded in 2010 by Q Zhao and Jeff Shi, 2RedBeans is an online dating community for Chinese singles in the U.S. and abroad.
Nowadays, it seems that anyone with an Internet connection can find love. Jewish singles looking to meet other Jewish singles can log on to JDate.com, a dating community catering to a niche demographic. Graduates from an Ivy League interested in only dating other Ivy League alumni can create a profile at IvyLeague.com, a dating site created exclusively for Ivy Leaguers to connect. With the recent proliferation of specialized niche dating services, there is a place for literally everyone to find his or her soulmate.
In the same vein, 2RedBeans is an online dating community for “Chinese singles looking for love online.” The premise is simple: Chinese singles looking to meet other Chinese singles online can register for a 2RedBeans profile, which includes their values, personality traits, and interests, and connect with other members of the 2RedBeans community.
For a startup like 2RedBeans targeting the Chinese community, the opportunity for growth in both the U.S. and international markets is enormous. Earlier this year, a report from the Pew Research Center revealed that the number of Asian American immigrants to the U.S. has surpassed that of Hispanics in the past couple years, accounting for over 40 percent of America’s immigration. Of these Asian Americans, the population of Chinese is large and climbing. In 2010, Chinese Americans made up over 3.3 million of the U.S. population--and that number continues to grow.
2RedBeans is also unique in its reach: its dating service is available both in the U.S. and internationally, as users have the option to use the 2RedBeans website in the Chinese or English language. There are over 300 more Chinese people outside of the U.S., which greatly increases the potential market share of 2RedBeans.
Founded in 2010 by Q Zhao and Jeff Shi, 2RedBeans was designed by Zhao with the needs of a single Chinese women in mind, a demographic that she herself falls under. After its beta launch last year, 2RedBeans enjoyed a user base of over 1,000 Chinese Americans and helped to connect more than 100 couples through its unique matching algorithm and tightly-focused community.
As niche dating communities such as 2RedBeans continue to expand and generate even more success stories, it’s impossible to argue that online dating is certainly gaining momentum and acceptance in the U.S. and beyond.
Learn more about 2RedBeans:
