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Teak Capital MAD Techventures deck, as presented by Ms Chok, 9 Nov 2010. #MDTV
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•What are the sources of funding ?•What do VCs do?•What do we look for in a business venture?•How do we evaluate a company?
ANSWERS TO SOME QUESTIONS ..
BUSINESS LIFE CYCLE
Source Government Private or Semi-Private High Net Worth Individuals
Equity No equity involved Equity of the company Equity of the company
Goal Completion of IP creation, commercialisation
Return$ Return$ & Exploring new ventures
Duration Short term (<1 year)
3-5 years Unknown, usually long term
Payback Only if defaulted Upon exit or as mutually agreed
Mutually agreed
Reporting Milestone or Reimbursement basisprovider not involved in managing company
Depends on the stage of the companyrepresentation on the Board of Director
Loose
Coaching Not inclusive Inclusive through investment
Depends on angel’s available time and interest
You need to know :
• Why you need funding
• What are your seeking for
• What is the fund for
• Where is your market potential
• have a cohesive management team
• Focus in making revenue and profit, or at least proof that customers BUY your idea or product
• Manage your cash flow & burn rate
• HIRE staffs with RELEVANT skill sets + financial person
• Get a value adding & balanced Board of Directors
• Get mentor(s) and/or coaches
• Grants are nice, but don’t become grantpreneurs
• Stay focus to achieve your planned goals, short & long term are equally important!
• Keep shaping your business until you get it right!
• Active participation• Experience in working with
Tech-based companies• Network and global linkages
Areas of interests :• Software and IT, Internet,
Wireless & Mobility, High Growth Technology, Electronics, Green Tech
• Start-up to Pre-IPO stages
Chok Kwee Bee : Managing Director
CK Chong: Senior Vice President
Eliza Noordin : Vice President
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