Archive for May, 2009

Singapore falls to 3rd Place in competitiveness study

Posted on May 21, 2009. Filed under: Uncategorized | Tags: , , , , , |

Singapore has dropped one rung to third in the latest world competitiveness rankings by Swiss Business School IMD, behind the United States and Hong Kong. But it also emerges as one of the “fittest” and most resilient economies in a new “stress test” of which countries are likely to fare best in the global recession.

Wonder what the officers at MTI (Ministry of Trade and Industry) are doing now. haha

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A dream that hasn’t died (:

Posted on May 8, 2009. Filed under: Enterpreneurship, Personal | Tags: , , , |

Ahh~ I still recall the days when I was in in Kindergarten or lower primary, playing play-pretend games with my sis (or soft toys after my sis outgrew such games). I always loved to be the cashier of a “Ma Ma shop”, or also known as a minimart typically run by local Indians (haha not sure what it was of this ethnicity).

I also recall my mum’s words when I told her about my random ideas after graduating from Junior College. “Stop dreaming, only one in a million reach that stage. Just go get a 10k+/month job!!”.

Now things have changed so much in my family, and it has given us the courage to take the first step.. Sometimes, all you need is a little push, a situation that gives you the courage to fulfil your dreams.

We’ll see if it works out! 😉 If it doesn’t, at least we’ve given it a shot and tried our best.
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On the side note, Grasshopper.com is seriously good at marketing themselves! haha

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Entry Pass to Venture Capitalists

Posted on May 1, 2009. Filed under: Enterpreneurship | Tags: , , , , , , , |

For those who have read my profile or past entries, you would be aware that I was an intern under the Enterprise division of the Ministry of Trade over at sunny Singapore. During this stint, I got to be involved in many eye-opening projects; projects that provided the overview on the local entrepreneurial landscape. There was one particular project on the VC landscape in Singapore that gave me the “Oh My Gosh” moment.

With reference to Israel, America, and even China, the local VC landscape is lacking in comparison. I’m not sure of the exact reasons for this. But some pointers came upto my mind :

  1. Small local market size, thus most start-ups have to ensure that they can go international and stay competitive
  2. Singapore is “laggy” in the entrepreneurial scene. This is attributed by our heavy reliance on jobs from foreign SMEs and MNCs during the first few decades since our independence
  3. Lack of diverse talents coming together to form effective management teams. Like it or not, the habit of isolation among Singaporeans have made it harder for people from different
  4. Crowding out effect due to too many Government grants? This is highly controversial though. The Singapore government has been very proactive in giving out grants, and this can be seen on the enterpriseone website.

One of the government schemes that has collaborated with private equity is the Business Angels Scheme (BAS). Under this scheme, for every S$1 invested by Business Angel Funds, the governemnt will invest S$2 (capped to S$1.5 million)

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One of my supervisor then told me about his own personal side project and asked if I would like to join in. Given that it is…SUMMER BREAK now, I agreed.

Basically, he is very much involved in the private venture capital industry. The company he is acting as an advisor to, Gingko Capital LLC, specializes in institutional placement services for alternative asset managers including private equity funds and venture capital funds.

By joining his network, you can expect to find videos from past entrepreneurs, VCs, invitations to VC-Entrepreneurs summits (past invites include Founder of Skype) , contacts and personal referrals to top-quartile VCs such as Walden International (VC behind About.com), Draper Fisher Jurvetson (VC behind Meebo, Baidu and Skype) and Sequoia Capital.

See what is available onthe site (e.g. membership, purchase via Paypay and do remember to write in to gingkocapital@gmail.com for the the 10% discount. The discount code to email is: SLPAUL.

Thanks!

For some extra read on the advisor of Gingko Capital, Tan Yinglan, read: Tan Yinglan

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    Recording the thoughts and actions of an Asian seedling, who is – SproutingOut

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