parting thoughts for korean-american entrepreneurs
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PARTING THOUGHTS FOR KOREAN-AMERICAN ENTREPRENEURS
Perry HaKSEA Technology Entrepreneurship Seminar
June 1-2, 2013
Resource is all around you
Resource is all around youInnovation occurs in the white
space
Resource is all around youInnovation occurs in the white
space새옹지마 ( 塞翁之馬 )
COLO.COM
$1.5MM Series A in 8/1998$10MM Series B in 4/1999$20MM Series C in 12/1999$300MM High Yield Debt in 1/2000$200MM Series D in 3/2000
COLO.COM
A $530MM Hard Hat!
COLO.COM
My Recommendations
1. “Learn about the VC process”
– Sun Tzu
Do you speak the VC lingo: Series alphabets, pre-money, post-money?
Did you know most VCs don’t have the time to review new investments?
Did you know VCs used to be intelligent and nice folks?
2. Avoid the herd
Last Year:
• Angels invested over $20B in 55,000 companies
• VCs invested $26.5B in 3,698 companies
3. Differentiate Yourself
Differentiate Yourself
Differentiate Your Company
but not blindly!
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