Sahil Lavingia, a 20-year-old entrepreneur, shares some tips on attracting investors. He was with the founding team of Pinterest before leaving to build his own startup Gumroad, which makes buying and selling online much easier. One of the things he did was to build relationships with investors before even building his startup. He did it through writing on his blog, and engaging investors via social media. Age is nothing but a number.
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.
Making up another support pillar of the Singapore Media Fusion Plan, the FutureMobile initiative will allows partners in the network to leverage on one another’s resources. Several anchor partners have already been signed up and they are issuing a Call For Proposals. Selected proposals can leverage on a user base of 300 million and access to markets worldwide. Funding may also be applied for. Read more
International venture capital firm, Walden International today announced its first investment using Seed Ventures IV Pte. Ltd, a S$20 million (approximately US$13.3 million) venture fund as the vehicle. This was set up under the Singapore National Research Foundation’s (“NRF”) Early Stage Venture Funding Scheme. This S$2million (approximately US$1.33 million) investment in Brandtology Pte Ltd is Walden’s first under this new fund. Read more