Fun is a rather quaint way for an investment firm to differentiate itself. But Terence Tan, an investor at TNF Ventures, is pretty serious about fun — and always have been. A competitive player in golf and tennis, he once overextended himself over a tennis game, fell and suffered a concussion, then lost his sense of smell.
This paradox of having serious fun permeates TNF’s culture. They’re managing money on behalf of NRF, a government body in charge of scientific research, yet they organized a poker tournament at their launch event. They wore gaudy red and white polo tees that made the event look more Resorts World than Marina Bay Sands, yet gave a Powerpoint presentation to introduce the firm.
It’s a signal that they don’t take themselves too seriously, but are hungry about making the right investment bets. It image seems befitting for a team of successful corporate and entrepreneurial types who’ve got it made. They don’t really need to start another fund, but for one reason or another, decided to. Read more
If you can't smile after signing a deal, chances are that you've been screwed over. Photo: Candie_N
Here’s a situation which some entrepreneurs would go through. They decide to take in an investor or join an incubator program. In front of them, an investor asks for “x” % of equity. The entrepreneurs then speak to different people in the community to get some advice. The opinions will be diverse. They turn to US tech blogs, which give them a totally different picture. All this adds up to a lot of frustration.
Any entrepreneur has to deal with this potential scenario and negotiate in good faith with investors. To help you, here’s a checklist of things to do before getting an investment deal.
Angel investor and professor Dr. Wong Poh Kam here provides an overview of the angel investing scene in Singapore. An extended version of this article will appear as a chapter in a forthcoming book on Angel Investing in Asia, edited by John Lo.
As in other newly industrialized economies in Asia, business angel investing in early stage start-up companies has been relatively new in Singapore. This is due to the fact that the phenomenon of high tech start-ups is itself relatively new in Singapore, having really taken off only since the late-1990s as the Singapore economy began its shift towards a knowledge-based, innovation-driven economy. While business angel investment deals are known to have existed in the 1980s and early 1990s, they were mainly in the traditional trading and manufacturing sectors, as was found in a study of 29 angel investors. Read more
Any economic downturn makes start-up companies in particular prone to go bust – so then, let’s hear advice from a start-up insider and investor on how to prepare to keep young companies afloat. William Klippgen , the co-founder and executive director of the Singapore seed investment fund BAF Spectrum Pte Ltd will share with you ten ways on how to survive the credit crunch. Read more