Startup Saturday Hong Kong. Probably one of the big tech event for this summer in Hong Kong. I am really happy the I.T. start-up scene is alive and maybe thriving.
I was there in the afternoon. I have a class in the morning. The topic was funding. I left the Startup Saturday Hong Kong just after 25 minutes. Reason – I am hearing bullshit from the Funding Panel except Kin Ko. They kept on saying the same stuff in different a way. It was quite boring.
Kin Ko from Lakoo.cn.
He was pretty straight forward about asking for funding. His saying is building the business and the VC will come.
Maybe I am getting old. I want to hear what they did right to attract the funding and couple guys on the panels are investors themselves. I wanna know their success stories. What companies they have invested and WHY?.
WHAT attract them to invest? HOW is the METHODOLOGY for approaching startup. WHEN they felt it was the right time to put the MONEY….WHAT or WHERE is the tipping point???
Need I say more….
They were babbling about…is Biz Plan important and some other non important BS. Maybe I equate funding like trading the market. Many gurus tell and sell you trading technique that they don’t trade themselves. When you ask them to show you to do in real-time, they just tell you a bunch of stories.
Overall…the event was successful. But the funding panel…were really not there…at least for me.
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Angus of Rubicon Games.
Leon from stepcase.com
Ben Cheng of oursky.com.
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