As a startup founder, it’s important to understand the process of raising capital from institutional investors.
In the early stages of your startup, it’s recommended to secure investment from family and friends. However, once you get to the stage where you’re seeking institutional investment, it becomes a much more complex process.
To shed some light on this topic, one of Betatron’s founding partners, Roland Yau (Managing Director of CoCoon Ignite Ventures) spoke to our startups and shared his advice on the typical due diligence process.
Here are the five biggest takeaways:
Now that all the paperwork is completed and our teams have been announced, I can finally write my first blog post on some of the happenings, learnings and progress over the first three weeks of our programme.
On Thursday nights, Betatron brings in various people from the startup community, as well as people directly associated with the programme, to talk about various aspects of startup life.
We're delighted to announce the startups who have successfully made it into our first accelerator programme.
We received 147 official applications and after analysing each one in depth, we shortlisted our top 32.
The top 32 were then invited to our 'pitch round' - where they had to pitch their startup in under 3 minutes and then face Q&A from our team.
After the pitches were over, we narrowed them to our final 10, who we believed were the most suitable, and that we could add the most value to, through our programme.
The last round entailed in depth discussions, analysis, and due diligence of their startup.
Four startups successfully made it through the entire process and have just started the programme.
Each startup will receive US$30,000 funding, hands-on mentorship from our team of industry experts and experienced entrepreneurs, and also be provided with free workspace at our Betatron Lab in WeWork (Tower 535, Causeway Bay).
The programme will last four months, and has been carefully designed to optimize each startup, and then position them to scale by raising further funding.
The startups in our first cohort are:
1. Quick ‘Bite-Size’ Content Will Convert the Best
(3 minute read)
Forbes recently created their second annual list of the "Next Billion-Dollar Startups".
This is a list of 25 companies who are transforming their industries and showing great traction.
After finalizing the list, Forbes interviewed the founders and CEOs of each company, who they gave their top tips on what they've learned building a startup.
Here are 13 of the best tips.
As an entrepreneur, building your startup team can be a challenging process.
What type of people should you hire? Should you hire full time or part time? How should you structure their working hours?
Answering these questions can be difficult, especially for first time founders.
Here are three top tips to help you.
Getting into a startup accelerator is an opportunity which you certainly don’t want to waste.
But how do you make the most out of the experience?
Ideally, you want to get advice beforehand from both sides of the table.
From those who have successfully graduated from programmes and from those who have managed accelerators, and seen first-hand the mistakes many startups have made.
Here are 3 top tips from Alex Iskold, the Managing Director of Techstars in NYC and AJ Agrawal, CEO of Alumnify, who graduated from 500 Startups.
When speaking to potential applicants for Betatron, one of the most common questions I get asked is, "Can you give me some tips to get my application accepted?".
Here are eight tips, suggested by successful startup accelerators around the world. If you remember to follow them, you'll have a much higher chance of getting your application accepted.
#1. Focus on a single value proposition
When talking about their products, startups are often tempted to present it as a swiss knife made to solve multiple problems.
As entrepreneurs, we're always looking for ways to reduce costs, de-stress, and connect with like-minded people. So there's no better way of attracting startup founders to an event, than offering free beer and pizza!
WeWork were the perfect hosts, as it was an ideal evening to show everyone where our first batch of startups will be based, for our accelerator program launching in early 2017.
After hosting several information sessions over the past month, sharing startup stories and hosting investor Q&A panel discussions, this drinks and networking night gave people an opportunity to have an informal chat and pitch their business ideas to our team of partners and mentors.
If you haven’t already raised a large amount of funding or you're not generating consistent cash flow, joining a startup incubator or accelerator could be the perfect option to help you grow your business.
But what are the differences between the two? Which one should you join? These are very common questions which we hear all the time, so we thought we'd explain this further.