A recent survey by the National Research Foundation has revealed that close to 5,000 new tech startups were registered in Singapore every year since 2006, or just under 10 percent of all new enterprises.
The proportion of tech enterprises below five years old has gone up as a result. Read more
Filed under Funding, Innovation & Technology, News Stop, Technology, Venture Capital & Private EquityTags: NRF TIS, Singapore Government, techVenture, Techventure 2011, Temasek Holdings, teo chee hean, venture capital, Venture Capital & Private Equity
The Singapore Venture Capital and Private Equity Association (SVCA) is organising a breakfast seminar helmed by Mr. Eddee Ng, Partner, Tan Kok Quan Partnership. Eddee will be speaking on minority shareholders’ rights and remedies. Read more
Recently, I read that Angels Den from Europe has landed in Singapore. In their proposal, they are charging startups S$1499 upfront to pitch, and takes a 5% success fee. It also prompted response from local blogger DK that entrepreneurs should not pay investors to pitch. My stance is that entrepreneurs and start-ups should not pay investors to pitch and here are my opinions on this issue. Read more
A couple of incidents for the past year recently made me ponder about the way how entrepreneurs in Singapore, or generally Asians handle their potential investors differently from their western counterparts. Perhaps, in terms of Gladwell’s “Outliers”, the cultural legacy could be the major fact that contributes to their behaviour. Since raising money in such difficult times is so much more challenging, it may also be good to provide some thoughts for those who are optimistic and willing to give it a shot. Sometimes, it’s not their fault to sound that way but they have made it so difficult for the investors to really say yes, for 99% of the time, they really did not know what the other side is thinking. I decide to summarize a few general cases for them so that they don’t make such amateur mistakes. This post is originally published from BL’s personal blog. Read more