There’s never a better time to be an entrepreneur because of the widely available funding today. But who should you pitch to and what do they expect?
Co-founder of Fintech Nation and adviser to the NUS Alumni Ventures Vanessa Ho, shares more.
Here's an excerpt from the podcast:
Andrea Heng: So the majority of us are salaried workers, right? But we've heard of two terms, angel investors and venture capitalists. You are in a unique situation where you're involved in both. Using a simple analogy, describe the biggest difference between the two.
Vanessa Ho: I think people talk about your first fundraising round, like raising from the three Fs: Friends, family, and foes.
Angel investors are not too far away from friends, family, and foes. If you want to compare angel versus VC (venture capitalists), angel investing - investing in one stock, like an NVIDIA stock or Microsoft stock. VC - like a mixed portfolio, like a mutual fund or ETFs.
You don't have a structured mandate where you can only do this amount of content in this brief and then some things may go viral, and then some things fail.
You have a certain structure to do it, and you can expect stable returns because your TV...