This is an interesting idea. but what you are targeting are not "STARTUP" in the traditional scale quickly sense. These types wouldn't bother with the tiny dollars here.
it sounds like its more targeting the "kickstarter" crowd, for which there is already kickstarter. also, the model for kickstarter is different - backers pay money and may or may not see their stuff, whereas this is advertised as a shop providing goods upon using the website.
1) why would someone sell their items to fund their startup through an unknown platform, while there are platforms like shoppee and carosell out in the market
2) and the money earned from selling is not enough, one needs larger funding for startup
3) third, there is already https://www.startupsg.gov.sg/directory for startups to pitch to their investors, why do they need your platform
4) lastly your platform is magento, this is one of the slowest ecommerce platform, a fail buyout by adobe
5)I think you never do your market research at all
I am working on an online marketplace where aspiring or early-stage boostrapping entrepreneurs, can sell any product or service, to fund an entrepreneurial idea. (For example, selling a second-hand badminton racket to fund an ecommerce start-up)
It can be thought of as a Carousell for Entrepreneurs.
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