•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 ..
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
basis
provider not
involved in
managing
company
Depends on the stage of
the company
representation 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
Editor's Notes
Thank you for inviting me.
What I will share with you briefly are the follows:
Capable, passion coachable, relevant domain & industry knowledge, trustworthy management team
Product that customers want to buy
Market potential beyond Malaysia and the region
Venture Capital is a type of private equity capital typically provided for early-stage, high-potential, growth companies in the interest of generating a return through an eventual realization event such as an IPO or trade sale of the company. We manage high networth individuals or institutional funds and make investment of their behalf with an interest to make returns.
Teak Capital is a Malaysian based Venture Capital Management company founded in Oct 2008. It is one of the 54 registered Venture Capital management companies with the Securities Commission. We are also one of Malaysian Venture Capital (Mavcap) outsourced partners.
Every VC is unique as each and every one of us has our own goals, appetite, style of investing, managing and working with companies. As for TC, we choose to be active in our investee companies as we believe in growing together with the companies.
Let me introduce you to my colleagues. Ms Chok is the MD, and he was the MD of BI Walden, a VC set up in Malaysia as a Joint Venture between Walden International ( a JV based in Silicon Valley) and Bank Industry (now known as SME Bank). Prior to this she was Senior General Manager and Head of the Corporate Finance Department at Arab-Malaysian Bank, the largest Merchant Bank in Malaysia where she participated in listing for more than 100 companies.
Chong has vast experience in semiconductor industry and prior to joining BI Walden, he was at Motorola where he grew as a season investment manager.
My core area of interest is ICT and prior to Teak Capital, I was with Microsoft.
s
The company was founded by Ms Chok Kwee Bee, CK Chong and I.
Every VC has its own style of managing companies