Angel investors shared experiences with Vietnamese startups
Angel investors shared experiences with Vietnamese startups
The pressing issue of raising capital across the local startup community has just been brought to discussion in a bid to help existing and would-be startups successfully call for investment.
The issue has been discussed and shared between angel investors and Vietnamese startups at the event themed “Angel Investment—Find money or find people?” organised by Topica Founder Institute (TFI).
A number of angel investors talked about their own experiences and challenges when they first launched their startup business. Advice on business plans, seed funding rounds, and project implementation have been given to local startups as tips to carry out at home.
“It is difficult for startups to call for investment capital in Vietnam because it is riskier than investment in other sectors, which means investors need to have large capital and startups need to be able to prove that they have potential to develop in the future. Therefore, Vietnamese startups should choose less capital intensive business models,” noted Nguyen Thanh Nhan, ex-employee of Google.
Nhan, who recently launched his own investment fund for startups, told VIR that the local economy has been experiencing a fast-growth cycle in recent years and, as a result, more local enterpreneurs want to start their business to take advantage of potential opportunities arriving from this growth.
The meeting, held on June 21 at BKUP Co-working space in Hanoi, attracted local startup founders and investors with the appearance of three successful angel investors Nguyen Thanh Nhan, Dang Cong Nguyen, chairman at EWAY Group, and Trinh Anh Duc, managing director of VIC Partners.
TFI is a startup accelerator programme owned by Topica Edtech Group, the leading e-learning group in Southeast Asia with more than 1,000 employees and 1,800 lecturers in Bangkok, Danang, Ho Chi Minh City, Hanoi, Jakarta, Manila, and Singapore.
