Hi Guys, back from my trip to San Fransisco. I visited Palo Alto and Silicon Valley while there and got some tips from a VC. For the full lowdown on the trip you can check my blog at coreconstruct.blogspot.com in a day or 2 from now.
Here are some insights which are useful if you want to raise money in US instead of Singapore:
- US investors/VCs generally only invest in companies which are operating in the US.
- They have quite clear distinctions on the roles of VCs and angel investors. VCs are really not for small time "just starting up" startups.
- You need to be making money before you can get US VC money.
I guess I'm fortunate that my company has alot of users in the US. I guess we'll just get alot more users, earn money from them, set up a US entity and then we can start pitching to VCs there. :-P
Thursday, January 04, 2007
Subscribe to:
Posts (Atom)
