Bad VC
I am writing this on behalf of every entrepreneur that has had the guts to start a business and raise venture capital. Anyone who says that raising money is easy simply has not endured it. There is a notion that Asia is awash with venture capital. We see the headlines that billions is being poured into startups from Beijing to Singapore and everywhere in between. The reality is that most of that venture capital is going into very few late-stage companies that are on a clear path to success. At any given moment, there are hundreds of thousands of startups that need venture capital. However, only 2% will get it. Let me begin by saying that I don’t think every idea or founder deserves to be funded by venture capital. Raising money is a rite of passage and a very important filter in the startup game. That said, why does the process of raising venture capital so miserable? I estimate that I have had at least 150 investor meetings over the life of my startup. That is under 20 per year ...