✎ 創業與自由 ✎
For Mikaal Abdulla, founder of Hong Kong-based personal finance startup 8 Securities, raising venture capital can be “miserable,” no thanks to flaky investors who disappear after signing term sheets or indiscreet backers who share confidential data with competitors, just to name a few.
Read more: https://bit.ly/2TRLYU4
The era of “move fast and break things” looks to be over. Once conducive to unicorns and venture capitalists with a kingmaker bent, this high-growth and high-risk mentality is losing appeal among business owners amid decreasing stock prices and the economic fallout from the Covid-19 pandemic.
An increasingly common alternative is revenue-based financing: loans that are repaid as a percentage of revenue with a cap on the amount repaid or the repayment timeline.
Adobe Capital in Mexico uses revenue-based debtto allocate capital into growth impact enterprises since 2012. These agreements are convertible to equity based on the amount of debt outstanding. The value to entrepreneurs is that they provide access to less-dilutive risk capital and which doesn’t require follow-on fundraising if the company establishes its cash flow or qualifies for a bank loan. Contrary to traditional debt, the agreements offer flexible payment schedules and initial grace periods well suited to early growth stage social enterprises.
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For Mikaal Abdulla, founder of Hong Kong-based personal finance startup 8 Securities, raising venture capital can be “miserable,” no thanks to flaky investors who disappear after signing term sheets or indiscreet backers who share confidential data with competitors, just to name a few.
Read more: https://bit.ly/2TRLYU4
HONG KONG (Reuters) – China’s rate of creating unicorns has dropped to a six-year low as venture capital funds shy away from early-stage funding while the economic impact of the coronavirus outbreak batters portfolio investments.
Read more: https://reut.rs/2LCuXZg
Guest Post: The following post is a sponsored guest post by JD Weinstein, Oracle for Startups. All views and opinions represented in this post are the views and opinions of Oracle for Startups and do not represent those of 500 Startups or any of its staff or affiliates.
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If you search for “vc open for business” on Twitter, you will see almost universal scorn for the idea that VCs are open for business right now. But our experience doesn’t match that scorn.
Read more: https://bit.ly/34TSaPE
If you’re looking to raise millions of dollars in VC funding, you may need to syndicate your deal. Here’s what you need to know.It’s incredibly hard to connect with VCs. Even if you manage to get that meeting with a VC, the chances of being rejected are still pretty high.
Read more: https://bit.ly/2VnZ2Br
Chinese venture capital firm Qiming Venture Partners announced the close of the US$1.1 billion Qiming Venture Partners Fund VII late last week in a company statement.
Read more: https://bit.ly/2VDGdJv
Neat, a Hong Kong-based fintech startup, announced today that it has raised a $11 million Series A to help small businesses do cross-border banking.
Read more: https://tcrn.ch/2XobGSD
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