It has been a week since the survey. Thank you to all who responded to the survey.
The survey results are quite open to interpretation. If we simply look at the absolute number of people willing to pay to keep SGXcafe going, the logical choice would be to close SGXcafe as it is far from sufficient. However, if we look at the percentage of people willing to pay, it is quite encouraging as 42% of the people who took the survey is willing to support SGXcafe by paying a small monthly fee. In addition, only a fraction of users voted, so I can only guess where the votes of the remaining people would go.
The more heartening thing that happened as a result of the survey was that many people came forward to show their concern for SGXcafe. I sincerely thank each and every one of you. In particular, I want to specially thank Derek from TheFinance.sg who contacted me to pledge both monetary and ad space support on his own site in hopes of keeping SGXcafe going simply because he believes that it is a good tool for the community of retail investors. Thank you!
With so much support, I have decided to take the leap of faith and pay tens of thousands from my own savings to keep SGXcafe running, at least for one more year.
The next 2-3 weeks will be spent handling the administrative work of registering SGXcafe as a business and signing licensing agreements (no one wants to sign the licensing agreement with me as an individual). In the meantime, please continue to stay with SGXcafe!