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So you want to raise seed funding for your start up

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Slide from Start it Up, Power it Up #3

Slide from Start it Up, Power it Up #3

Speaker: James Chan

More Detail of the event:
http://thumbsup.in.th/2013/01/start-it-up-power-it-up-3/

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So you want to raise seed funding for your start up So you want to raise seed funding for your start up Presentation Transcript

  • James Chan Chief Hustler at Silicon StraitsSo you want to raise seedfunding for your start-up?Presentation at ThumbsUp Start it Up, Power it Up #3 16 Feb 2013
  • Silicon Straits is a tech venture foundry focused on Southeast Asia Partner to the National Research Foundation, as 1 of 15 approved incubator managers under its S$50M Technology since May 2010 Incubation Scheme (TIS) Invested between US$50K - US$500K in 24 early-stage tech since May 2010 startups; 11 in US, 11 in SG, 1 in HK & 1 in UK. crowdsourced mobile social mobile gaming cross-platform opensource library of affordable 3D printer fan-subbed networking studio & publisher mobile gaming SDK electronic modules, based on video content snaps together with stereolithography tiny magnets Video chat built Social conference Holiday home Foodspotting meets on top of Luxury & boutique directory built on rental with Asia Instagram mobile app Facebook hotel & resort OTA top of Twitter Pacific inventory for foodies Silicon Straits Pte Ltd (UEN: 201005970E)
  • Silicon Straits is setting up an early-stage investment network for seed investments of S$600K per start-up. Early Stage Investment Network + Call Option S$100K S$500K Convertible Note Convertible Note Start-up S$600K Internet, mobile, hardware, media, consumer, business, all things tech 4 investments under negotiations, 11 others in pipeline Silicon Straits Pte Ltd (UEN: 201005970E)
  • Silicon Straits is starting a co-working space in SG to accelerate the convergence of ideas, capital and people. Renovation should be complete by mid-April 2013. Silicon Straits Pte Ltd (UEN: 201005970E)
  • You want to raise funding for your start-up, so does everyone else. Have you and your team invested all you ve got, and bootstrapped the idea as far as you can bring it? Risk capital is not for everyone. Silicon Straits Pte Ltd (UEN: 201005970E)
  • How much do you really need, now?How much do you think you ll need to the point that things get really interesting? How much of your company can you practically give away now? Silicon Straits Pte Ltd (UEN: 201005970E)
  • Is your plan solid and believable? Don t just sell the long term vision.Be convincing on why you have a good chance at executing well in the near term. Silicon Straits Pte Ltd (UEN: 201005970E)
  • Would prospective investors think of your team as kick-ass? Get a reality check, get real. This ain t a beauty pageant and most certainly ain t showbiz. Silicon Straits Pte Ltd (UEN: 201005970E)
  • There s all sorts of investors out there; Capital is cheap, talent is not.Which type do you need? Which ones can you access? Silicon Straits Pte Ltd (UEN: 201005970E)
  • Do you know your Term Sheets? Valuation RedemptionLiquidation Veto RightsPreferenceParticipation Board Seats Watch out for term sheets from Hell! Silicon Straits Pte Ltd (UEN: 201005970E)
  • You re going to raise less and give away more of your company than you d like. Conserve cash and use it wisely. Silicon Straits Pte Ltd (UEN: 201005970E)
  • It s going to take longer than you think.Start early & make provisions for your cash flow needs. Silicon Straits Pte Ltd (UEN: 201005970E)
  • Get help, you don t have to walk alone. NB: I’m actually a Man Utd fan ;-) Silicon Straits Pte Ltd (UEN: 201005970E)
  • Email: james@siliconstraits.com Twitter: m0t0chan Thank you!Q&A + Discussion Silicon Straits Pte Ltd (UEN: 201005970E)