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.
Following a similar deal with HTC Malaysia, location-based deals platform Chalkboard will have its app installed in HTC phones in Singapore as well, starting with the flagship EVO 3D (see press release). Read more
An interesting post from Willis Wee in Penn-Olson prompted me to provide some perspective on the issue of expansion. The question that most people ask: if I build a start-up from a country with a very small market size (say, Singapore but it can apply from Slovenia to Monaco), where should I expand the company to?
What I agree with Willis in his article, is that expansion to US is not a vanity exercise and his urging to entrepreneurs in a small market like Singapore to think about the Asian market in general. I am going to sketch out a few points which one should consider before expanding: Read more
Chalkboard, a location-based mobile advertising platform, has inked a deal last week with mobile phone company HTC to offer its widget exclusively to HTC customers in Malaysia. The widget allows consumers to receive updates about daily deals, promotions, and product launches through their mobile phones. Read more
Organized by Infocomm Development Authority (IDA), Smart Mobility @ SG Seminar 2011 is a unique gathering of global device manufacturers, application developers, content publishers and enterprise users of mobile business solutions. Industry thought leaders will share about the latest trends and ideas that are shaping the local mobile landscape, and the opportunities these developments hold for enterprises in Singapore and beyond. It will be held on 23 Jun and there are 2 sessions, morning and afternoon, that can be joined in. Read more
Penn Olson, The Asian Tech Catalog, will organize networking session with tech folks in Singapore and around Asia. Volker Heistermann, venture capitalist, and Eric Koh, CTO of Jobscentral are few of guests who will attend this. Beside prominent guests, there will be four startups pitching at this networking session as well. They are Fashion Style Japan by Narita-san, Compath.me by Ando-san, Moso by Murakoshi-san and Cacoo by Tabata-san. Read more
The growth of mobile web development comes about at a time when we are observing exponential increments in mobile web consumption. According to the 2009 Quantast Mobile Trends Report, last year saw a 110% increase in mobile web consumption in the US alone whilst worldwide growth stacks at 148% as measured by growth in pageviews. Read more
Here’s a big hearty congratulations to my fellow co-founder, Bernard, for attaining a Singapore Computer Society IT Leader Award. He was just announced as the IT Young Professional of the Year! Read more
My fellow founder of SGE, Bernard, has just launched a new startup together with entrepreneur Saumil Nanavati who had previously successfully led a startup to acquisition. The amazing thing is, the whole thing (beta vesion) was built from scratch in 21 days! But do not underestimate the product. This new venture of theirs, Chlkboard, allows users to find nearby promotions via mobile phones and allows retail shops to reach potential customers in the vicinity by pushing out promotions to them. We speak to Saumil on this new startup. Read more