Awesome to see this land in Singapore.
Category: Capital
SoftBank interview at Brainstorm Tech 2018
Pretty good – lots to glean from this:
SeedPlus Partner Tiang Lim Foo: 90% of startups don’t prepare, refine and follow up – KrASIA
My Partner at SeedPlus, Tiang, dropping some advice.
Good stuff.
SeedPlus Partner Tiang Lim Foo: 90% of startups don’t prepare, refine and follow up – KrASIA:
Ten things I learned about venture capital in twenty-four years of trying to do it | LinkedIn
Ten things I learned about venture capital in twenty-four years of trying to do it | LinkedIn
The whole article is good. Hat tip to Chirayu for liking this so I saw it.
When people as me how are things going as a VC I usually answer with #1.
However the whole list is quite spot on.
I don’t think I want to do anything else but ask me in five years how I did.
1. Venture Capital is hard
All investing is hard, because the market, as the investor Ken Fisher says, is the Great Humiliator. Venture capital is harder than most. There are 12MM small businesses in the US with more than one employee but less than one hundred employees. Most will stay small. The venture capital job is to pick from that 12MM companies the rare company that can grow to a 1,000 or even 10,000 employees, go public and remake an industry. Identifying an entrepreneur, an idea and a company with that potential is not an easy task.
Focus
This post from Fred really smacked me hard :: https://avc.com/2018/07/keeping-your-blinders-on/
Best to read the whole thing for yourself.
In this age of social media it’s always a barrage of seeing whatever everyone else is doing and generally only seeing the good stuff – the stuff that makes you jealous.
In the startup world, when I was a builder, this would happen a bit when I would see another company getting funding or another competitive product doing better than my product.
As a VC, since I have already done more deals than I have shipped products, the pressure feels worse at times. There are tons of deals done per day, there are announcements of deals continuously and there is a feeling that all of them are better than mine.
However, just like social media, I don’t get the details on all the failures, the hardships and the short term pain.
No matter what you do one must focus on the task at hand. Any craft takes time and you have to slog it out day by day.
As Fred says, put your blinders back on and get to work.
Singapore’s Homage, which matches patients and caregivers, raises $4.15M for expansion | TechCrunch
Singapore’s Homage, which matches patients and caregivers, raises $4.15M for expansion | TechCrunch:
The goal of Homage is to make it easier for caregivers and patients to connect, whilst also keeping their families updated.
“We’re realizing how much of a need there is for personalized one-on-one care,” Tee told TechCrunch in an interview. “A lot of what we do is actually non-medical, and it’s even more clear that need to help people be mobile, be functional and have the choice to live with dignity as they age.”
First off let me say congrats to the team and leaders at Homage. Amazing milestone but obviously this is just the beginning. I am super excited for the team and their future.
😀
A Deeper Dive into the Dynamics of the Seed Market
Much to grok in this one.
Alpha
Everything starts somewhere. I think the old adage is the 2 people in a garage at the beginning working on a tech company.
In Asia there is a lack of garages for the most part but the rest of the issues and desires remain the same.
Some people are in a coffee shop, co-working space or their apartment or maybe their parent’s apartment.
Have computer will build startup seems to be the mantra.
Once that is settled you need some compute power, some tech/strategy help and if everything goes okay – you will need some capital.
Enter Project Alpha :: http://alpha.seedplus.com
Compute, help and capital all in on spot.
First off you can join the city events we will have – there will be four cities covered. Sorry if we are not coming to your city.
KL event page is up and taking registrations :: https://projectalphamalaysia.splashthat.com
KL pitch submission page is up as well :: https://projectalphamalaysiastartups.splashthat.com
Jakarta, Bangkok and Singapore will follow.
If you have any questions – email us :: projectalpha@seedplus.com
Onward and Upward!
Slowing Down To Speed Up – AVC
This article is referring to this one :: https://seedvc.blog/2018/06/25/silicon-valley-investor-benchmark-partner-bill-gurley-is-raising-a-new-fund-recode/
Silicon Valley investor Benchmark partner Bill Gurley is raising a new fund – Recode
As a VC myself, this will be interesting to watch.
Silicon Valley investor Benchmark partner Bill Gurley is raising a new fund – Recode:
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