By Pete Thanapornpun
In December 2013, Nanyang MBA’s The Venture Capital (VC) Club invited Kelvin Ong, Executive Director of FocusTech Ventures and also NANYANG MBA Alumni, to be a speaker for this session.
FocusTech Ventures (FTV) is an entrepreneur-led startup accelerator that combines private investment, active mentoring, and advisory to help capital- efficient startups transform venture ideas into fundable, profitable companies. Kelvin shared his experiences and what he does exactly in his daily work (Fund Raising, Strategic Management, Recruitment and, Deal Sourcing). To end the session, he gave us some good tips :
- Don’t go to the area that you are not familiar with.
- Enter the market with ready infrastructure.
- Pay attention to the cost projection rather than the revenue.
The key insights shared during the talk are really useful not just in the future, but can also be applied in our case studies and group reports in class.