25 Jul '12, 4am

A must read before making any venture capitalist pitch

Mark is the cofounder of Sinanet, the predecessor company to Sina.com, and currently runs a fund/accelerator program based in Taiwan, TMI Ventures. TMI Ventures invests in startups focusing in the education, services and new media or the internet industry. According to Mark, some of the few things that startup founders should avoid is overusing buzz words. “A few years ago I had a person tell me he was “eBay + Amazon + Google”. I still, for the life of me, cannot figure what that is and needless to say, the company went nowhere. I guess I am buzz word out.” Mark also advises founders to use figures and valuations appropriately. When addressing potential market, be more specific rather than throwing random big numbers like this is a X trillion market globally. ”In terms of valuation, I absolutely hate it when a team says, we are worth this valuation (some crazy amount) beca...

Full article: http://e27.sg/2012/07/25/a-must-read-before-making-an-ven...

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